The is the great way to drive your dream car without having to make the complete payment upfront. Some other features which make tempting are: Flexible contract terms & comfortable tenure of loan i.e. up to the 7 years. Competitive & attractive interest rates for car finance. Tax deductions can be applicable if a vehicle is used for the business purposes. Almost everyone with a permanent Income may apply for the . Some banks offer up to the 100 percent of car finance on the ex showroom price & normally up to the 85 percent of car finance on the ex showroom price is available with Very less processing fees & prepayment charges.
Buying a new car is a significant step for all of us, whether it is the first box on wheels that we are buying or the third premium sedan which we are adding to the garage.
But many of us unwittingly fall prey to temptations laid before us by manufacturers or dealers, miss reading the fine print, or sometimes commit the most common mistakes buyers make while buying a new car. Here are some tips to avoid these mistakes and save some much needed cash. With the current downturn in the market, there couldn’t have been a better time to strike a bargain while heading out to get your dream car.
First, even if you are going to take a loan, don’t mention it to the dealer immediately. Sales-people at the dealerships are trained to play around with discounts and often present price-cuts in the form of lower interest rates if you are taking out a loan. So talk to them like you are doing a cash-down deal and negotiate the discounted price or the freebies that can be thrown in before revealing your plan to take out a loan.