The Hindu : Business : Hyundai announces upgrade scheme

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Saturday, Jul 05, 2008
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Hyundai announces upgrade scheme

Special Correspondent

NEW DELHI: Hyundai Motor India on Friday announced a novel “Exchange and upgrade scheme” that allow customers to lower their monthly car loan payments even as they upgrade to a bigger car.

“To avail of the scheme, one has to bring in his smaller compact to any Hyundai dealership for evaluation. Its value will be taken as down payment to upgrade to a bigger Hyundai car.

“Typically the equated monthly instalment (EMI) value for a 48-month loan tenure works out to be an amount which will be lower than the EMI for a smaller car,” said Hyundai Motor India Senior Vice-President (Marketing & Sales) Arvind Saxena.

The scheme was open for all makes of car and upgrade was possible for the most popular hatchback Santro, the newly launched ‘i10’ or even the bigger cars like the Accent and the Verna, he said.

“We want to see people upgrade to bigger compact cars and sedans which would be more compatible with the lifestyle of our current customers and hence we have tailor made these schemes for all the owners of smaller hatches who were so far forced to use a smaller car because of budgetary constraints” Mr. Saxena added.

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