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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?
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Hello,

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
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