Hyundai India is offering attractive exchange offer to small car customers to buy bigger cars in the month of July 2008. This scheme is valid for the entire range of products including Accent and Verna.
â€œTypically, a first-time car buyer opts for a compact car and subsequently upgrades. Hyundai is offering to make this upgrade process easier with the new scheme, especially at a time when inflation is high and the cost of loans has increased. In fact, the scheme has been structured in a way that will bring down the EMIsâ€, said Mr Arvind Saxena, Senior VP, Sales and Marketing, Hyundai Motors India in a statement.
Under this offer, a customer would bring small car to Hyundai India and an evaluation of the car is done. The value from the evaluation would be considered as down payment for the bigger Hyundai car. The company estimates that the Equated Monthly Instalment (EMI) value for the loan extending 48 months would be lower than the EMI for a smaller car.