NEWS & ADVICE : CAR LOANS
NBFC of Volkswagen will offer loans for used cars from Jan
By Vaibhav Aggarwal
Apr 4, 2011
Print    Email    RSS   

Automobile major, Volkswagen which received NBFC license recently has decided to start financing pre owned cars from the start of next year.

"We have received the licence from RBI to start our NBFC. We will start financing pre-owned cars from January 2012," Volkswagen Finance India Board's Chairman Joern Achim Kurzrock said.

"India being one of the fastest-growing economies, Volkswagen Finance wants to position itself in the market as a mobility provider with products which fully respect the needs of VW, Skoda and Audi customers. Our focus is to support the sales of our branded vehicles to customers," he said.

The company feels that there is huge chances of growth in the pre owned car financing domain.

"We feel demand for pre-owned cars is good in the Indian market and we want to bank on the opportunity," Kurzrock said.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How good are floating rate car loans?
J&K Bank raises PLR
Loans against Cars: A Quick Solution for...
A chronicle of excesses by loan recovery...
Managing loans through difficult times


How can I get a DSA code in hdfc?
vashikaran astrologer+91-9915467377
how can i get cibil report
car loan statement
VIP @~09780560514~@ Call GiRls In ludhiana EsCoRt In...
please give my the status civil report against my...

NEWS THIS WEEK
Rise in net profit of the Federal Bank Oct 17, 2014
Allahabad working for the Swachch Bharat Abhiyan Oct 16, 2014
Camp organized by IDBI bank to help differently disabled people Oct 10, 2014
No reduction in car loan rates : SBI Oct 8, 2014
Interest rates are unlikely fall to this festive season Oct 7, 2014
News Archive