Drive home your new car- Forget EMIs for 3 years
New Delhi: If you were dreaming to buy a budget car which the high interest rate regime hitherto kept it on hold, this might be the right opportunity.
Come September and you will be able to drive home your dream car without having to worry about the EMIs for three years.
A Pune-based advertising firm Dreamers Media and Advertising has come up with an innovative proposal wherein the company will pay your monthly car instalment for three years (on loan duration of five years), provided you agree to allow the advertising firm display their billboards on your car.
Once the three-year EMI period is over, the billboard will be taken off and the remaining two years’ EMI has to be paid by you.
Another clause says that the on road value of your car should not exceed Rs 6 lakh, the owner has to make 25 percent down-payment for the car and the average running per month should be 1,500 kilometres.