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A new car can now be yours at bargain price.

Dealers of leading car manufacturers, including Maruti, Hyundai, Ford, Fiat and Tata Motors, are tying up with used car owners to liquidate old stock f car models that have been phased out or replaced by upgraded models,

The popular models in market include Hyundai Sonata (replaced by Embera), Maruti Baleno (replaced by SX4) and Hyundai Accent Viva (production stopped) among others.

Prices of premium models like Honda Accord and the Toyota Corolla were also expected to fall once the company launched upgraded.

Due to restrictions imposed by car makers, dealers can not advertise on their own for either discount offer or freebies on phased out models that are hard to sell. The dealers then have no choice but to sell these models through used car outlets.

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