Tips for Buying Your Dream Car

Tips for buying your dream car

Almost every person wishes to have his/her dream car in life and some able to achieve it but some are not. There are many reasons behind that and some of them are

  • Lack of funds
  • Improper knowledge of cars
  • Lack of resources
  • Confused between what to choose or what to not?

But now you don’t worry you can get a car loan with affordable interest rate apply online with Dialabank

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Tips which will help you buy in your dream car
Tips for buying dream car

  • Savingscars don’t come cheap; in fact, they are the second most expensive items you buy in your life after your house. This means it might take some time to build up enough savings to afford your dream car so start saving early.
  • Increase your Credit Score Because cars are expensive items, most people don’t have enough cash in hand or bank outright and instead depend on some form of finance.

  • Research-Since you have been craving this car for such a long time, you must know a lot about it already, but it’s worth making sure you understand the market as well, so the more you know, the better positioned you are to spot a good deal. Don’t jump at the first offer you find; make sure you look at your options and wait for the right deal.

  • Need Evaluation: You should evaluate and purchase according to your need. Going for an option irrespective of your need may cause issues in the future.
  • Market Analysis: A buyer should perform detailed research on the brands and companies offers to select the appropriate deal.
  • Compare Car Features: A buyer should compare various features of the car like mileage, accessories, insurance cost, maintenance cost, warranty offered with the car. Choose a car that offers maximum features within a suitable budget.
  • Choosing a Car Dealer: An individual must consult various dealers and inquire about the services they provide. A dealer with a good reputation and previous records is desirable.
  • Choose a Good Finance Company: Various banks and NBFCs provide different offers and rates. Thus, your decision about the finance company can directly affect your budget. You should compare the deals offered by various financial institutions and select an offer that provides the least Interest Rates and EMIs. Make sure that the company you choose provides you the best offer within your budget.

With correct market analysis and some patience, you can finance your car.

To experience a hassle-free avail your Loans with Dialabank and get Personalized Assistance.

Some of the major banks providing car loans:

  1. ICICI Bank Car Loan
  2. Axis Bank Car Loan

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