December may be the best time to buy cars as another carmaker has announced a price hike scheduled for January 2014.
It has been announced that German car manufacturer Volkswagen will increase its car prices from January 2014 by up to 2.5%. While buying a car in December might mean slightly lower resale value, it makes sense as not only a couple of offers are going on, the prices are also lesser than what will be in January 2014. Also, VW's December offer lets you make a downpayment of 50% of the price of a new Polo/Vento (depending on whichever you choose) and pay the rest in EMI over 3 years or as a one time payment next year. The scheme is only valid on cars bought in December, and you can read more about it here.
VW says that the rising input cost is the main reason behind the price hike.