There are various car loan providers present in the market and therefore, the selection of right car loan provider has become a difficult task. If you are among the group of people who want to get the best car deal then have a look on some of the amazing points-
Decide the card which you are aimed to buy. The rate of interest will vary in accordance to the car which you are intended to buy and therefore, it is necessary to first choose the car.
You should carefully decide the car loan amount which you need. For example, if the total value of the car is Rs 7 lakh and you have already made the down payment of Rs 3 lakh then you should freeze the loan requirement at Rs 4 lakh. The bank will charge rate of interest on the basis of the loan amount.
It would be helpful to ask for preliminary quotes for the given car loan amount and then make a selection of the low EMIs which you can readily find in the market. It would be recommended to shop around for getting the right price.
Don’t forget to negotiate on the processing fees because many times, banks also waive off processing fees or in certain cases, such fees can be reduced.
You should initiate your negotiation for cash discounts which you can easily adjust against the down payment of the car.
You should also ask the car dealer to give you some freebies on car accessories such as car mats, boot mats, etc.
Decide the card which you are aimed to buy. The rate of interest will vary in accordance to the car which you are intended to buy and therefore, it is necessary to first choose the car.
You should carefully decide the car loan amount which you need. For example, if the total value of the car is Rs 7 lakh and you have already made the down payment of Rs 3 lakh then you should freeze the loan requirement at Rs 4 lakh. The bank will charge rate of interest on the basis of the loan amount.
It would be helpful to ask for preliminary quotes for the given car loan amount and then make a selection of the low EMIs which you can readily find in the market. It would be recommended to shop around for getting the right price.
Don’t forget to negotiate on the processing fees because many times, banks also waive off processing fees or in certain cases, such fees can be reduced.
You should initiate your negotiation for cash discounts which you can easily adjust against the down payment of the car.
You should also ask the car dealer to give you some freebies on car accessories such as car mats, boot mats, etc.
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