In an all out attempt to woo customers financiers are coming up with many different attractive offers and discounts of car loans and purchases. These practices have been largely successful in increasing the actual sales in the past few years. The customers at times are unable to fathom the real financial implications of what is… Read More »
Out of the vast number of car loans that are approved every day across the country there are some loans which become defaulted due to various reasons. Once it is confirmed that the loan repayment is beyond the capacity of the burrower the financier initiates legal action in order to take possession of the vehicle.… Read More »
Owning a car through the car loan route is simple and easy process that many people prefer over saving money to buy one. There are many circumstances when such customers are unable to repay the installments of loan in time leading to a default situation. There is a lot of anomaly in understanding the… Read More »
The unprecedented economic growth witnessed in India in the past one and half decades has resulted in substantial increase in earnings of a large segment of population. This new found affluence has had a tremendous impact of the production and sales of cars in the country. This boom in car sales has been further propelled… Read More »
In terms of car financing a lease is a legal contract between the owner of an asset (the car) and its user (the Lessee) for the hire of that asset. While the ownership still rests with the lessor (Financing Institution) the right to use the asset (car) is given to the lessee for an agreed… Read More »
Fixing a budget will give you more clarity on which models to choose. It will also act as a locus which defines the perimeter of flexibility that you can afford in case your needs are not satisfied by a lower end model. A budget is the best way to shortlist a segment as most of… Read More »
When you have quite a bigger amount of money to spare on buying a car or rather as they say, you have arrived in life; it’s time for a luxury sedan or at least a sedan. The price range could be 8-15 lakhs for this category. The cars are longer, more spacious and the price… Read More »
The interest rate offered by banks depends upon several factors like the term of loan, amount of loan, type of interest rate – fixed or floating, whether it is a new car or an old one, credibility of the borrower, age and income of the borrower etc. Therefore, one has to negotiate to get the best… Read More »