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
Carnival of Indian Personal Finance Blogs # 8
Carnival of Indian Personal Finance Blogs #1
How good are floating rate car loans?
Affects of Car Loan Default
Selecting the appropriate car loan


((+918769001888)) LOVE PROBLEM BLACK MAGIC...
((+918769001888)) LOVE PROBLEM BLACK MAGIC...
(** 09130009012 / 09130009013 / 09130009014 //...
online black magic specialist bengali baba ji...
ludhiana to pavilon love problem solution baba ji...
Amritsar Call girls - Amritsar Escorts Service -...

NEWS THIS WEEK
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
SBI rolled out SBI quick facility Jan 12, 2015
Daimler India to offer easy finance solution to its customers with the help of Karur Vysya Bank Jan 7, 2015
15 new branches of SBI in Odhisa Jan 5, 2015
A report on Banks Jan 2, 2015
News Archive