If you are worried about buying a new car because Car Finance and car prices are too risky or high, then don’t worry. A simple trip to India might be the answer. Indian motorcycle manufacturer Bajaj has teamed up with Renault-Nissan to create a low cost car.

The USP about the Bajaj project, though, is that its low cost vehicle is going to cost just $107. With such a low price for a set of wheels, it seems Bajaj is keen to take some of the market off the Tata Nano, which is already incredibly cheap for a car.

Time will tell if Baja can pull it off, and we can only imagine if the $107 car will ever make it to Blighty, we doubt it somehow.