Buying a car during COVID times? Avoid special financing schemes

April was a disastrous month for car makers, as sales were almost nil for most of them. Many car manufacturers have now rolled out schemes to attract buyers. Then, there are discounts and exchange offers too. Should you buy a car by taking such financing schemes, discounts and exchange offers after the lockdown and are they worth it? Naveen Kukreja – CEO and Co-founder, Paisabazaar.com says, “While opting for any of these finance schemes, the customers need to remember that the overall interest cost of these loans would be higher…

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