This company has hired some place in Kandivali (west) and put some chevrolet cars outside with a sticker on them.
They are offering Chevrolet Spark car for around Rs 4 Lakhs, of which you are supposed to pay Rs.1.23 Lakhs and the rest will be thru loan EMI Rs 6000 per month. The loan will also be taken by the customer, and Team Associate India Pvt Limited promises to pay Rs 6000 per month for a stciker that will be put as advertisemnt on the car doors. They claim to have nothing to do with your buying the car. Just that they will pay you everymonth so you can pay the car loan.
Also, they claim to have a tie up with Ashtvinayak Motors Mumbai for this scheme.
However, I called Chevrolet (general motors) and Ashtvinayak and they claim to have nothing no tie up with the scheme or the offer.
Second thing is that the price of Spark car is arounbd 3- 3.5 ALkhs and already Gm has offer of 47000 discount, so this price comes around 3 lakhs.
This money will be pocketed by this company and customer will not get its benefit.
The agreement for the 6000 rent will be done only after the full amount is paid for the car.
The advnca payment has to be done to Team Associate company and tey do not provide proper acknowledgment of the payment from the car dealer.
This offer and scheme is not approved by Chevrolet or any dealer and sounds lucrative but very risky.
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