Wednesday, December 8, 2010

Car-makers plan price hike

Car-makers plan price hike from January

New Delhi: The year is at its fag end and guess what the carmakers are doing?

SWIFT

They are trying to entice you to buy a car today at a price that will be raised anything between 2-to-5% at the beginning of the new year.

While they are not fibbing about raising prices, what they won't tell you is that your new car will become an 'old' car simply because its year of manufacturing will be 2010.

Depreciation will take toll. So beware of the pitfalls before you go and plonk your hard-earned money in front of the car salesman.

If all of this is immaterial to you, then remember, you could ask for a bigger mark-down in price or more freebies.

No, go ahead and read.

Cars are all set to become more expensive after the New Year, with major auto-makers Maruti Suzuki and Hyundai Motor India today declaring their intent to effect a price hike across product lines from January due to input cost pressure.

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