The three German car companies Mercedes-Benz, BMW and Audi have announced many offers including cost deduction. This cost deductions are a result of the GST policy, which will be effective from 1st July.
Thanks to the GST, there has been reduction in indirect tax on SUVs and large cars. So many buyers would prefer to wait till the GST is implemented to avail the benefits. These discounts by manufacturers are a way to attract buyers to make their purchase now and not wait till July.
Mercedes-Benz was the first one to come out with the price reductions. The company reduced the prices of the locally-assembled models in the range of 2-9%. So, the price of its entry-level sedan, CLA was reduced around Rs. 1-2 lakh, whereas the Maybach S500 saw a price cut of Rs. 7 lakh.
BMW is offering reduced rate of interest of 7.9% for all its models. There also assured buyback guarantee for 3 years and also 1 year complimentary insurance. Audi is also giving great finance schemes to its customers. This German car manufacturer is offering a service package covering full maintenance, wear and tear. All these offers are valid only till June 2017.
If you are considering buying an SUV or luxury sedan, then this is the right time. The costs of these cars will reduce when the GST is implemented.