T90TankGuy
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Yeah it's annual, but this figure is few years old, I don't know either there is increase or decrease but one thing for sure is it will be still over 20% in case of banks and over 35% in case of leased from dealer
No wonder people prefer to pay cash . But if there was a finance option then more models could come in , better ones, which may be a little more expensive but more powerful , and they would be able to achieve sales as people could get them paying EMI s.
by the way why is it that people are not able to get loans for 2 and 4 wheelers there easily? why do you guys pay such high interest?