Here are 7 steps on how you can zero down on a best car loan deal :
Finalize the car :
You must remember that, different cars carry different interest rates. And when you visited your dealer after seeing the advertisement, the interest rate then might not be the same now. So, first, decide which car you want to buy.
Amount & Loan tenure :
The down payment depends on your lender and the car you want to buy. But, your interest rate will be decided on the loan tenure and amount you opt for.
Get to know the latest EMIs.
Log on to bankbazaar.com as you can get to know the best deals and lowest EMIs that you bank of the dealer has to offer, after you decide on the loan amount.
Negotiate :
Do not forget to negotiate hard on your processing fee, as there is a huge possibility for it to be waived off.
Bargain on the cash discounts :
The dealers, will go a great length to offer you a reduction in the EMIs or provide cash accessories in lieu of a cash discount. Do not get carried away by these offers and insist, insist and insist on getting a cash discount.
Ask for car accessories :
You can take the liberty, and ask your dealer to provide you with car accessories like car mats, boot mats etc.
Get the best insurance deal :
You can transfer your no-claim bonus to your new car if you have a claim free record with your previous car or transfer it on the insurance policy on your old car. Remember that, car premiums vary widely, so find out more and negotiate about the car insurance premiums.
By following the above mentioned, you can seal the best car loan deal, which not only gives you the opportunity to buy the car you always wanted, but makes it easy for you to finance it as well.