How to make Smarter Financial decisions while Buying a Car

How To Make Smarter Financial Decisions While Buying A Car

Buying a car is no longer only about pouring all your life long savings into the investment. Since it comes with many responsibilities, the purchase decision of a car needs advanced planning. While investing in a car, a buyer must consider tons of other factors like the car model, loans, and so on. Considering the essential factors ensures that your car investment is a smarter financial decision.

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Here is how you can make smarter financial decisions while buying a car:

1. Invest in the right car

Due to a plethora of options available in the market, it has become more convenient to purchase a car with ease. However, do not be lured with the latest technologies and features of a car. The advanced car features directly influence your EMI payments as well as the car loan interest rates. Therefore, utilize a car loan EMI calculator to get an estimated amount before purchasing the right type of car based on your needs.

Calculate EMI On Car Loan

2. Opt for a car loan

A majority of buyers prefer taking a car loan to make their lives simpler. A car loan financially assists you while buying either a new car or a used one. Indiabulls Dhani presents its customers with car loans for used cars as well as new cars. Moreover, its hassle-free application process ensures the convenience of the customers to the fullest. Therefore, check with us to know about our car loan interest rates to avail a loan immediately.

3. Examine the maintenance costs

A car investment is a costly affair not only because of the high-priced car models but also because of their maintenance costs. In addition, the monthly fuel expenses add up more to the costs. Hence, before purchasing a car, calculate the aggregate expenditure. Evaluate your budget to see whether you can cover the expenses of a car. Once you have all the calculations, make the decision to purchase accordingly.

4. Consider the service network

Purchasing a car from a reputable service network ensures all your troubles are taken care of in the end. When you opt for a service network, you can easily locate a service station in case you shift to other areas. Moreover, these service networks guarantee better servicing. With a service network, one can acquire a fuller value from their cars.

5. Look out for additional costs

Whether you buy a new or a used car, you must compulsorily opt for car insurance. When you avail car insurance, the premiums are a mandate. Failure to pay premiums within the designated time leads to the lapse of your car policy. In case you’re looking for a lower premium payment, then don’t opt for a fancy car. The higher the cost of the car, the higher the payment of premiums.

A car has become a necessity for every household. However, owning a car, today is much easier due to the availability of numerous options for car loans. At Indiabulls Dhani, one can experience the painless process of applying for a car loan. Moreover, our car loans will cover your expenses by ensuring not a single penny goes out of your pockets.

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