Volkswagen has a unique deal on the Vento lasting just four days, up to February 17, 2013. Anyone booking a Vento within this time can get the car with just 50% payment and won’t have to pay anything for a year. The balance can be paid after 12 months.
This kind of a scheme works well for those who need a car right now, but don’t want to be burdened with a huge loan or are expecting to come into some future money within the next year. What Volkswagen is doing is giving you a 12-month instalment waiver of sorts on the Vento. Also read: VW Vento pros and cons
Is it really 50% or not?
That means on the top-end Volkswagen Vento 1.6 diesel Highline, instead of an ex-showroom price of Rs. 9.90 lakh, you would need to fork out only Rs. 5 lakh right? Not quite. The thing is you still need to pay insurance, road tax and registeration charges on the car at time of delivery, which would add up to Rs. 1.6 lakh more. So, in effect, you end up paying Rs. 6.6 lakh for the Vento and then still have to pay Rs. 5 lakh more after 12 months. Also read: Volkswagen slashes prices of top-end Polo and Vento
This kind of a deal would work well if you are getting your car financed. You end up paying a minimum downpayment and taking a smaller loan initially, with the option to re-finance the car after a year for the larger loan. If interest rates fall by then, this could work to your benefit and you may end up saving some cash. However, the converse could also hold true.
The Volkswagen Vento has recently been updated with more features. The car now comes with parking sensors and an RCD 320 double-DIN music system with Bluetooth phone connectivity, USB/ Aux-in/ SD card and MP3 player. It also features steering mounted audio and phone controls. Volkswagen is also offering options like a GPS-navigation system and carpad with the car, which makes it quite a good deal now.
Is this deal worth it?
Yes, if you don’t want to shell out too much right now for a large mid-size sedan this deal makes sense as you get the Vento at a price of a hatchback on-road. However, you’ve got to keep in mind that a year from now, you’ll have to pay an equal amount, which would mean taking a loan all over again. Or if you expect to come into some cash a year from now because of a promotion or better business climate, you could avail of this offer. Also read: Vento vs Rapid vs Sunny