Posts

Showing posts from August, 2021

Buying A Used Car Has Its Perks

Image
  Auto industry changes are resulting in rising prices, including quick increases. Buying a new car means spending a huge amount, as their price goes up every year. So buying a Used car is perfect solution for this situation. Not only it save your hard earned money but also save your valuable time. Older models are being replaced by newer versions constantly, so used cars are becoming more and more valuable. It is more sensible to buy a used car if you are replacing two-wheelers or public transportation or looking to add a second set of wheels to your family. Below are five reasons why buying a used car is a better decision than buying a new one.   1.      Save money and even enhance your reputation. New cars lose 8-10% of their value as soon as they enter used car territory. You can save a lot of money when you opt to buy a used car (depending on the year of manufacture and the number of miles driven).    Why stop here? With a limi...

Know A Few Things About Car Loans And Insurance Before Buying A Car

Image
  How does a new car loan work? A monthly installment loan allows you to make payments instead of paying for the car all at once. Buyers usually make a down payment, and a lender covers the rest. New car loan benefits 1. Easy car-buying process: – You will not have to wait long to get your dream car, as many lenders offer 100% financing on ex-showroom prices. 2. Flexibility of time tenure: – Car loans usually last for a period of up to seven years. Here, It's up to you what tenure you want. 3. Loans for used cars : – Many lenders offer loans on used ca rs these days. However, the loan-to-value (LTV) ratio will be less than a new car loan , even with a higher interest rate. 4. Negotiable interest rates include : – A new car loan has the advantage of allowing you to negotiate the interest rate with the lender if you have a good credit score. 3. No security is required: – The car acts as collateral for the money that will return when the vehicle is seized and sold f...