Post Details

For us Indians, every small achievement gets magnified when shared with your near and dear ones. And when the achievement has four wheels, it is bound to get magnified by manifolds. Yes, we are talking about buying a car. It is noteworthy that you can be a part of the post-purchase celebration with a more relaxed mind if you know that you have taken some very good and smart financial decisions. Wondering what these decisions might be? We will tell you. In this blog, Bhumi Finance will be telling you how to make better financial decisions when buying a car, or a used one for that matter via a used car loan in Azamgarh. So, hang tight till the end.

• Purchasing on the basis of your requirement list.

We are often smitten by the shiny appearance of used cars. While we keep on looking at the exterior, we forget to see what’s inside. Well, this also implies what you want your car to have. Is it a loud bass? A great mileage? Large boot space? Whatever are your requirements, make sure that you asses your car on the basis of that and not mere looks. While new automobiles often come with a manufacturer’s guarantee which is applicable to the engine and other parts of the car. However, the case of a used car financed via a used car loan in Chandauli is entirely different. No one takes the guarantee of the car - neither its engine nor the parts. So, in order to make a better financial decision, make a mental note that the car should be a value for money and not just any random pretty vehicle. 

• Rate of interest on a used car loan in Basti.

Let’s say that you have bought a great vehicle after a thorough health checkup and you are pretty happy with it. However, later you find out that the interest rate is consuming more than half of your income. Well, agreeing to the terms and conditions of such a loan isn’t a good financial decision. So, not to regret it later, it is recommended to look carefully at the interest rate being charged by your lending institution. At Bhumi Finance, we are known for charging a decent interest rate for used car loans.

• Registration Certificate (RC) Transfer.

A used car loan in Ballia cannot help you with RCI. Hence, it is important to remove the details of your car from the loan that was taken by the previous owner. The owners who are planning to resale are recommended to get a new RC from their nearby regional transport office (RTO) before putting up the car for sale. If not addressed, this can be a grave, expensive as well as time-consuming issue for you.

• Go through the entire documentation thoroughly

Go through the papers including RC, insurance, etc. Make sure that you can read the engine number as well as the chassis number. Match it with the number given on RC. Keep in mind that even a minor error can cost you heavily. This is because once the used car loan in Deoria is processed, then there is no turning back.

• Initial negotiations in person and not on call.

Well, once you're on the dealership property, you are less likely to walk away from a deal that doesn't fit you and more likely to make a concession to buy the car. Do all of your research and comparisons at home, and try to negotiate over the phone or by email. By mentioning a few used car statistics over the phone, you may gain an advantage before you see the car in person. Also, in such a manner, you will be able to use the used car loan in Ghazipur in a more lucrative manner.