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This is the best time to buy a car!

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Source Rediffnews




Car sales have plunged in India

in the wake of the economic slowdown. In a bid to revive the auto sector, the

government has cut the central value-added tax (Cenvat) by 4 per cent, making

cars across the board much cheaper. All car manufacturers -- Maruti, General

Motors, Ford, Skoda, Hyundai, Tata Motors, Honda Siel, Toyota Kirloskar,

Hindustan Motors, Mahindra & Mahindra and General Motors -- have cut prices

from Rs 7,000 to Rs 60,000 on all models.

Two-wheeler and three-wheelers will also be cheaper with Hero Honda and Bajaj

cutting prices. This thus is the best time to buy a car or a bike. What's more

exciting, this comes after petrol and diesel prices have been slashed.

And if you are planning to take an auto loan, here's some good news, some of

the PSU banks -- like Punjab National Bank and Canara Bank -- have already cut

loan rates. Others banks are likely to offer lower rates soon.

"There will be a rate cut on auto loans from all banks. You can negotiate

hard with the dealer and get a good deal this month," says a bank

executive. The move has also been welcomed by car dealers, who are going

through a rough patch.

"We are getting a good response from customers after the price cut,"

says a Maruti dealer, who is offering huge discounts. Take a trip through the

price and discounts on cars across the spectrum.

anjan_c20072008-12-12 13:08:50

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