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Should you buy a car using special financing scheme during COVID-19?

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Carmaking companies have come up with a series of schemes to attract new buyers along with preparing to restart factories that were shut for many days. Companies like Renault, Volkswagen, Hyundai, Mahindra & Mahindra, Tata Motors, and Skoda Auto are offering finance options. Some companies are even providing an option for car buyers to start paying EMIs, twelve months after the purchase of the car. Along with the regular discounts on BS-VI cars such as Polo and Vento, Volkswagen is giving a 12-month EMI holiday. Under this offer, the car buyers have to start paying EMIs from the second year of purchase.

 

 
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