The ongoing COVID19 situations have badly affected the lives of common people, especially in financial ways. As a result, various sectors, including the auto industry are facing slowdown. The last month's sales report also reflects the same. Considering the intricacy, automakers are introducing various financing schemes to encourage customers to buy new vehicles. Recently, Mahindra has come up with new finance options & offers to support prospective buyers impacted by the pandemic. Here are the details: –
- Own now and pay after 90 days: – As the name suggests, this scheme allows new customers to defer the start of their EMI payments by 90 days from the date of purchase.
- Customers who will book the new Mahindra vehicles via its digital retail platform ‘Own-Online’, will be eligible to receive additional accessories worth Rs 3,000 and a benefit of Rs 2,000 for online loan sanction along with a special processing fee and rate of interest. However, the accessories offer does not apply to Mahindra Thar's booking.
- Mahindra is also allowing customers to pay for their accessories, extended warranty, and vehicle service payments in easy monthly installments (EMI). Furthermore, the customers can also avail of a cashback of up to Rs 3,000 on such payments.
- The homegrown maker is also offering up to 100 percent on-road funding for its utility vehicles and a loan tenure of up to 8 years with interest rates starting from 7.25 percent. Besides, customers can also avail EMI starting as low as Rs 799 per lakh, finance on accessories & extended warranty packages, and no foreclosure charges.
- Instant EMI options are also available for accessories and extended warranty packages via debit/credit card payments.
In the other news, Mahindra has recently shared its plan to launch 9 new SUVs by 2027, including XUV700, next-gen Scorpio & Bolero, and a 5-door version of the Mahindra Thar. Click here for more details.
