Top 3 Reasons to Buy a Car on Finance

Buying a car is one of the most expensive purchases you ever make. Deciding the mode of payment (cash or loan) for a car purchase largely depends on your financial situation. Nowadays, with the easy availability of loans and financing options, buying a new car has become quite easier for those with a limited budget. So, now people do not have to wait for years and save money to purchase their dream car as banks and financing options by dealerships are always there to help you in a car purchase. Whether you wish to finance a car like Maruti Suzuki Ertiga or any other model, financing is a great way to make car buying a smooth experience. Mentioned below are the top 3 reasons to buy a car in finance. 

Save Money for Emergencies 

Applying for a car loan means you do not have to spend from your savings. The money you keep in your savings account is meant for emergencies and the future, so it is wise to avoid putting strain on your savings. When it comes to buying a car, financing can save you from draining out your savings. As you will only be taking the amount you need, it will be easier to repay the amount through EMIs.

No Collateral Required 

One of the best things about a car loan is that you do not have to submit any collateral, as the car itself serves as the security for the loan. Applying for a Ertiga car loan becomes easier for those who do not wish for or have any valuable assets to pledge. 

Build Credit Scores

A car loan can provide you with an opportunity to build or improve your credit score. As long as you are consistent with your EMI payments, you will find that your credit rating is getting higher. Your credit score will assure banks and financial institutions that you are good at repaying the amount, making it easier for you to attain a loan in the future.

Be it for Maruti Suzuki Ertiga or any other model, a car loan can provide you many benefits. Make sure you select a reliable and reputed bank for getting a car loan.

Top Benefits of Owning a Mini Truck

Mini trucks are the most preferred utility vehicles by small businesses. Many start-ups rely on these pickup trucks for all their transportation needs. The reason for their popularity in the commercial automotive segment is mainly because of their affordability. The cost of ownership is not immensely high, which makes them within the reach of small businesses. Often, businesses invest in mini-loading trucks to get value for money and utilise it for efficient supply chain management and logistics support. 

Here are the top benefits of owning a mini truck:

Sufficient Cargo Space

Running a business requires commercial vehicles with a huge cargo capacity. Mini trucks have a large cargo space that is utilised for the movement of logistics. Besides this, large cargo space also helps in cutting down the number of trips required throughout the day. The build quality of this utility vehicle is quite strong, with a sturdy deck area that supports a large goods volume.

Durability

Mini loading trucks have the superior build quality and are engineered to provide better durability over time. It is a one-time investment for any company and can last a really long time. The only condition is to maintain it well and take the vehicle for regular servicing.

Safety

One of the biggest benefits of buying a mini truck is that you have complete control over your logistics transportation. These commercial vehicles have advanced safety features that reduce damage caused in the event of a collision.

Fuel Efficiency

Frequent refuelling is one of the biggest concerns for small businesses that can tarnish their logistics budget. Mini-loading trucks have better fuel efficiency, which helps in saving some extra costs on fuel. Once the tank is full, the vehicle can make several trips to carry goods from one place to another.

It is supremely important to buy a mini truck from an established company in the market. The vehicle is highly utilised for day-to-day business needs.

Things to Know About Financing a Car

Once you decide on a specific car model you want to purchase, there are two options to own it – paying the whole amount right away or financing the car with a loan. While paying the total amount in cash will require you to drain out the savings, financing makes it a great choice to own a car without spending the savings. In car financing, you get the amount needed for the car purchase and pay it back over time. You can repay the loan over 5 to 10 years at your convenience. Whether you want to finance a car like Maruti Suzuki Vitara Brezza or any other model, financing is a wise idea to make car buying a smooth and hassle-free experience. Here is everything you should know about financing a car.

Options for Financing a Car

There are many options to find financial assistance for buying your preferred car model. Some of these include: 

• Banks
• Dealership financing
• Non-Banking Financial Companies (NBFC)
• Online private lenders

Benefits of Financing a Car

Financing is car is a great idea for those who do not want to spend their savings right away or have less cash to pay for a vehicle in full. It is a great way to drive away your favourite model by paying a fixed amount as decided by the lender. Let’s have a look at some key benefits of financing a car.

• No need to spend your savings as the full purchase price can be borrowed 
• Lenient eligibility criteria and minimal documentation, resulting in fast processing
• Flexibility to select the loan tenure
• Lower interest rate
• No need to provide collateral 
• Opportunity to build or improve your credit score with timely payment of EMIs

Tips for Financing A Car

When financing a car, be it Maruti Suzuki Vitara Brezza finance or any other model, keep the below-mentioned points in mind to make a wise decision.

• Plan the amount or down payment you can make beforehand
• Compare car financing offers from different lenders
• Select the right loan tenure
• Be regular with your monthly EMI payments

In addition, you should choose only a reputed lender to apply for a loan.