Renault Steps Up The Game, Rolls Out More Offers On Kwid

Whether You Opt For The Low Down Payment Or The Low EMI Scheme, The Max Loan Period Available Is Of 7 Years

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Continuing its aggressive marketing strategy, Renault India has further dropped the down payment required for buying a Kwid. Now, one can take home a Kwid at a down payment as low as Rs 12,999 or an EMI of Rs 2,999. However, both the schemes aren’t applicable on the same deal. Mahindra Finance and Axis Bank have partnered with Renault for lending these services. To know more about the finer details of the offers, keep reading.

You can drive away with the Renault Kwid 0.8-litre STD variant by paying just Rs 12,999 as down payment and the rest in installments of 84 months. The low down payment plan is ideal for a salaried person who cannot put a lump sum amount in the first place but can pay regular monthly installments. This way he maintains his accounts without disturbing his monthly budget.

Kwid	0.8L STD	1.0L RXL	RXL AMT	Climber MT
Ex-showroom, Delhi	2,64,734	3,54,312	3,84,312	4,26,576
Funding	2,51,735	3,36,313	3,65,313	4,05,577
DP	12,999	17,999	18,999	20,999
EMI	5,244	7,006	7,610	8,449

Kwid	0.8L STD	1.0L RXL	RXL AMT	Climber MT
Ex-showroom, Mumbai	2,77,538	3,66,953	3,96,953	4,36,945
Funding	2,63,539	3,48,605	3,77,105	4,15,098
DP	13,999	18,348	19,848	21,847
EMI	5,490	7,262	7,856	8,647

If you are looking to take a loan for a shorter duration, have a look at how the cost swings:

Kwid Variants	Ex-SR, Delhi	Funding	3Y EMI	4Y EMI	5Y EMI	DP
0.8 STD	2,64,734	2,41,400	7,666	5,999	4,999	23,334
RXL	3,54,312	3,23,470	10,271	8,034	6,699	30,842
RXL AMT	3,84,312	3,48,700	11,072	8,661	7,222	35,612
RXT O AMT Climber	4,26,576	3,86,250	12,098	9,595	7,999	40,326

This scheme can be availed through Axis Bank and is valid till July 14, 2017. It calls for a low interest rate of 8.90 per cent.

Buy Kwid with low monthly installments

On the other hand, you can buy a standard Renault Kwid 0.8L at an easy monthly installment of Rs 2,999 for 84 months. The installments maxes out at Rs 4999 for the Kwid Climber MT variant. This offer fits the bill perfectly for a businessman who can pay a decent amount in one go but is reluctant to pay high monthly installments owing to uncertainty in his business.

Kwid	0.8L STD	1.0L RXL	RXL AMT	Climber MT
Ex-showroom, Delhi	2,64,734	3,54,312	3,84,312	4,26,576
Funding	1,79,410	2,39,267	2,69,190	2,99,100
EMI	2,999	3,999	4,499	4,999
Duration	84months	84months	84months	84months

If you want to pay more upfront and finish things off as early as possible, here’s a plan for you:

Kwid Variants	Ex-SR, Delhi	Down payment	3Y EMI*	4Y EMI*	5Y EMI*
0.8 STD	2,64,734	17,999	3,275	2,585	2,175
1.0 RXL	3,54,312	22,999	3,275	2,585	2,175
RXL AMT	3,84,312	23,999	3,275	2,585	2,175
RXT O AMT Climber	4,26,576	25,999	3,275	2,585	2,175

*The EMIs are on per lakh rupees, multiply the no. of years to know the exact value

This scheme is backed by Mahindra Finance and attracts an interest rate of 10.99 per cent. The offer period of this scheme hasn’t been specified yet.

Whether rolling out such schemes/offers will help accelerate Kwid’s sales is a matter only the future can answer. Time to wait and watch.

Source: cardekho.com