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Showing posts from September, 2022

What is the right car for you: a new or used one? – Here’s The Answer!

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  Do you need help deciding whether to buy a new car or a used one? You can buy a used car for many reasons. When you purchase a car, you display your pride and indicate your social status. We usually end up doing this when buying a brand-new car.  There is still a stigma attached to purchasing a  used car in India , but we disagree. We will show you why a used car is always a better choice than a new one in case you are wondering which one is right for you: new or used. Because the used car industry has become more organized, it is now easier to buy a  Second hand car  than ever before. You might want to consider used options if you are looking to buy a car for these valid 5 reasons Buying a Used Car Saves Money New cars are more expensive than used cars. Furthermore, a well-maintained used car is more cost-effective than a new one. You can buy a well-kept, less used, months-old sedan for 6-7 lakhs instead of a brand new car for Rs 8 lakhs (on-road). India'...

The Difference Between Vehicle On-Road Prices And Ex-Showroom Prices

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  The car's actual price does not include all the costs that you will have to pay. Ex-Showroom vs  On Road Price s are common confusions among consumers. From ex-showroom to on-road prices, we have explained every price. Below you will find the costs included and their percentages. You've probably seen a car advertisement that says the car costs 10 lakhs. When you visit the dealership, you will find a new price for the car. It is less expensive for car manufacturers to advertise ex-showroom prices. Your car's bill reveals other costs. Why? Is the calculation correct? Payment of all car prices is mandatory? Here's how it works. Read on sell car online india Ex-showroom Price You see this price in car advertisements. Ex-showroom prices include manufacturer's costs. GST (Goods & Services Tax) is in addition to manufacturing costs. The ex-showroom price includes the dealer's profit as well. Ex-showroom prices do not include registration, road tax, or insurance....

What to consider when taking out a loan for a used car

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  There are many questions you'll need to ask when buying a pre-owned or used car. To choose the right car model, what should one look for? How do you choose the right car for a family? Is it better to borrow from friends or family or use your savings? When taking out a new car loan, it is important to make an informed decision. If you are considering taking out a   car loan for second hand car , you should take into account the following factors. Used Car Loan Interest Rates:  Rates play a significant role when it comes to determining the costs of a used car loan. Throughout a loan, borrowers have to pay an EMI. If you want to buy a car, you should always take out a loan instead of using your savings. It is always easier to pay fixed small amounts as EMIs spread over several years than to exhaust all your savings in one go. If you check your credit score before applying for the loan, you can also reduce your interest rate. Special offers on loans:  Today's competi...

Using these tips, you can reduce the interest rate on your used car loan

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  A car is indispensable to a modern lifestyle, enabling easy mobility, safety, and the freedom to travel whenever and wherever you want. Therefore, used car sales in India are booming since people can own a car at a lower price and a lower depreciation rate. Moreover, there are a number of car loan options available, so you do not even need to drain your savings account to buy a used vehicle. However, you should plan your finances before taking out a loan. It is always best to obtain a loan with a lower interest rate to ensure less strain on your budget every month. The following tips will help you enjoy low  Second Hand Car Loan  interest rates if you are wondering how to reduce the amount of interest payable on your second-hand car finance. Increase your down payment Making a bigger down payment will lower your used car loan interest rate and  second hand car on EMI . A smaller down payment is certainly more cost-effective in the short term. This results i...

What to keep in mind when you're looking for a used car loan

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  Luxury cars are a thing of the past. Modern life is easier, safer, and more comfortable with a car. In addition, the COVID-19 pandemic has made having a car essential for several reasons. By using this method, people can travel safely without using public transportation, while still maintaining social distancing norms. It is important to note that not everyone in India can afford a new car. Many buyers are unable to purchase such expensive vehicles despite the pandemic causing a prevailing economic recession. Consequently, the pre-owned car market in India is growing. You can easily purchase a second hand car with the help of a  car loan in Varanasi . In simple terms, what is a used car? Used and previously owned automobiles transfer to a new owner for resale. New cars of the same make and model are much more expensive than used cars. Cars depreciate through gradual wear and tear over time because they're electrical and mechanical. Every year, the value of a new car ...

Choosing a long-term car insurance service Agra has many benefits

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  An uninsured vehicle can pose a significant risk. The first risk is that you might have to pay exorbitant costs if you get into an accident. Second, according to the recent Motor Vehicle Act of 2019, driving a car without insurance is illegal in each state in India. The best way to ensure your vehicle's safety is to purchase long-term  car insurance service Agra . Here are some benefits of doing so. The recent change in laws: a brief overview Car Insurance policies in India were previously limited to a one-year validity period from the date of renewal. The Supreme Court rewrote the law in 2018 and required every new  car insurance service in Agra  to cover third-party liabilities for three years. A two-wheeler insurance policy would last for five years but a car insurance policy would only last for three years. Standard Car Insurance covers third party liability for three years, while third party liability is valid for one year. Occasionally, long-term motor in...