GOOD NEWS FOR CAR BUYERS: POPULAR CAR BRAND OFFERS 'BUY NOW, PAY LATER' SCHEME - A NEVER BEFORE!

Maruthi Suzuki has now introduced a new option for customers, which will allow customers to avail selected models, under the 'Buy Now, Pay Later' option. This option was offered after the automobile company announced a new partnership with Cholamandalam Investment and Finance Company Limited (CIFCL).

In a statement released on May 22, Maruthi has announced that customers can opt to buy the models under this option and pay EMIs after 60 days of loan disbursement. This way the company is looking to inject demand and revamp sales, after a major fall through, since the nation-wide lockdown.

The offer is applicable for models in both Arena as well as Nexa brands under the company and on loan disbursement till June 30, 2020.

“The partnership with Cholamandalam Investment & Finance company Limited will boost convenience by offering customized retail financing to the customers," said Shashank Srivastava, Executive Director at Maruti Suzuki. "It is aimed to offer comfort to buyers who may have faced liquidity crunch during the Covid-19 lockdown.”