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  1. Nihal Moidu
  2. New Cars, Reviews
  3. Sunday, May 03 2020
I had booked Tata Altroz before the lockdown. I am expecting the delivery hopefully after lockdown is eased in Gurgaon. Should I renegotiate on the price with dealer or on the bank loan interest rate with bank considering the COVID impact on auto sector?
Admin Accepted Answer

To view, Although the dealer may not negotiate the price at first shot post lockdown
But with couple of weeks passed and recent economic downturn with Pandemic sitiation - certainly discounts would feature in most of the car models

For the Bank Loan part - well MCLR Rates are been slashed and were cut
> .35% in April 2020
> .2% in May 2020

This definite translates to almost 50 bps lower rate and you should also get a revised scheme from your car dealer as and when lockdown opens
Hope it help !!

  1. more than a month ago
  2. New Cars, Reviews
  3. # 1
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