Wednesday, February 1, 2023

Car EMI will not bother you if you do these 3 things! Agents give bluff like this

How to Pay Car EMI Easy: The number of car buyers in India is continuously increasing. Now taking a loan on a vehicle has also become very easy. You can apply for a car loan even from the comfort of your home. However, many people get worried while paying the EMI of the car taken on loan. You buy an expensive car under the guise of an agent, but sometimes a situation arises that you are not in a position to pay the EMI. Here we are telling you the 3 things that you must do before buying a car on loan.

1. Choose a car according to your budget

In fact, when you go to buy a car, the agents try to sell you the most expensive model regardless of your budget. Many times customers fall into this trap and end up buying a car which is out of their budget. Since they are taking the car on loan, they buy the car even after having less money in the beginning, but when they have to pay a hefty EMI, the customers get upset.

2. Make so

Try to make as much down payment as possible while buying a car. By doing this, the EMI installment will also become smaller and you will also have to pay minimum interest. For example, if you are buying a car for Rs 10 lakh, try to pay half of that amount as a down payment. By doing this, you will have to pay the EMI of the remaining Rs 5 lakh only.

3. How old should the loan be? How old should

Your car loan duration is also an important factor. Experts believe that a car loan of a maximum of 4 years is correct. By doing this, your EMI every month does not remain large. Besides, 4 years isn’t a very long time for a car. This means that the vehicle will be completely yours for the first few years.

Read More: Tata Safari and Harrier electric SUV coming to rock on January 11

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                  Click Here
🔥 Facebook Page                  Click Here
🔥 Instagram                  Click Here
🔥 Telegram Channel                   Click Here
🔥 Google News                  Click Here
🔥 Twitter                  Click Here
spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Loan Interest: Big blow to the borrowers, these banks increased the interest on the new year

HDFC Bank: In today's time people need to take loans to meet their needs. Through loans, people are able to meet their needs quickly....

Most Popular

Subscribe

* indicates required