Used Car Financing in India

What if you want to own a second hand vehicle but don’t have enough resources, so what are your options? Simple you can finance your vehicle, but is do you know everything about second hand car loans and finance.

It is always recommended to polish your skills on used weapons and then go for the new ones – the saying is finding an apt application in car segment of India today. Most of new drivers prefer to opt for pre-owned vehicles before investing huge money in new one.

 (Image Source: carloansbadcredithistoryblog)

Though, acquiring financial help for used cars is nothing less than headache at present. There are 2 factors that play a vital role in pre-owned car loans to be precise its age & the model. Also, the bearer is needed to pay a hefty cost for used car as compared to new car. In India, people availing pre-owned car financing options have to pay 3% more than the amount they are required to pay for latest cars. And, lastly, there is more chance that you may not get the complete value of the car as loan.

As per norms, used car loan is granted only when age of the car and loan’s tenure do not go beyond 7 years in combined manner. Thus, if you are planning to get loan for 5 years, the age of your vehicle should not exceed two years in any condition. If you need a loan for 3 years, than the age must not exceed 4 years and the same is applicable for lesser years.

For used financing in India, there are two types of financial bodies available that can help you in this cause: banks and non-banking financial companies (NBFC’s).

You can benefit by connecting with Organised Dealer

These days you have enormous options available in market for you to choose from among the second-hand cars. And along with the car many options of organised dealers are also available. These dealers source the cars, & put them up for sale.

Moreover most of the banks & NBFCs are at ease while financing a car through an organised dealer because of the due careful checks done by the dealer, which reduces the financiers' risk.

What we suggest you today, is to connect with Shriram Automall, which solves both of your problem. Shriram Automall India Limited is the leading service provider in used vehicle industry and provides services from Parking to disposal, from acquisition to finance and Insurance Services. Being a wholly subsidiary of Shriram Transport Finance Company, Shriram Automall is providing customers with all the integrated services to serve them with the best of services for used vehicles. Having a large inventory of buy second hand cars in India, Shriram Automall provide customers with nothing but the best  through its unique and Transparent mode of dealings i.e. Bidding Events.

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Consider These Things To Check While Looking To Buy A Used Car

(Original Source: Things to check while buying a used car)

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Market of Super Sports Car Will Be Back on Track In 2016

Here is good news for the car lovers after a repeated decline in the sales of super sports cars for three following years. According to the sources, the super sports car market is expected to be back on track this year. The super cars segment is predictable to outlook a high single digit growth due to improving economic response & return of the sports car manufacturer giants such as Maserati and Ferrari.

The recent confidence can be seen by the fact that two of the most expensive and exclusive cars the limited edition variants of Aventador LP Roadster and the Aventador LP Coupe, carrying a price tag of about Rs 8 crore were recently sold by Lamborghini in India.

(Image Source: blog.dupontregistry.com)

Also, the Lamborghini, Italian Super Sports car giant introduced its new entry level sports car the Huracan LP 580-2 in India with price tag (Rs 2.99 crore - ex-showroom New Delhi), which also makes India the first market in Asia Pacific to get the vehicle in this segment.

In year 2014, due to rupee depreciation, hike in taxes the super sports car makers were not able to accomplish the targeted number. However, this year they hope the sentiment in the car market is stable & now customers are taking quick decision on making the purchase. Also, inauguration of new showrooms in Bangalore & Mumbai is in to do list of Fiat Chrysler Group Company. It has already setup a national sales company for Maserati.

 

With these major developments in the super sports car segment, we are hopeful that the sales will take a hike with an increasing rate in the FY 15 & will continue to show positive indications in FY 2016 as well.

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5 Easy Car Maintenance Tips For Women

Now days, a regular care is very important for your second hand cars to keep them working and look like a new one. So, here we are providing you these 5 easy car maintenance tips that must be known by women and which will definitely be proven worth for them.

(Image Source: autochrome.org)

Replacing the Flat Tire: The first thing one should do is to remove flat tires. There might be lot of probabilities of coming across a flat tire. What can be worse than getting a flat tire and waiting on the receive help from someone to come and change that flat tire for you. So, it’s better to know changing flat tire by yourself instead of depend on someone.

Know to Change the Worn Out Wipers:  In order to keep your used car look good, never forget to change blades of wiper’s every six months. Always perform an inspection to check for cracks on a regular basis, and don’t forget to clean the blades of dirty wiper with the help of a wet paper towel.

See Also: tips to buy used cars

Perform Regular Maintenance: It is very essential to get yourself handy with the cars manual booklet for users. Doesn’t matter whether you buy new or used car you must always research beforehand to educate yourself about certain important things. For example:

• Oil change: After every 3000 miles with oil filter
• Under the hood: Check as frequently as promising. Once in a week or in every 2 weeks if possible.
• Tire rotation: Rotate the tires every 6,000 miles following the rotation suggestion from manufacturers’. If you have a similar spare, incorporate it too in the rotation pattern so when it is time for change, it will run smooth and last long.
• Proper Balance & Align: Have your car checked after every 10k-12k miles or the first time you observe any strange steering or a vibration while speeding your car.
• Tune up, Filters and Timing belts: Make sure you follow up with recommendations from manufactures.

Fuel: If you have subcompact cars and SUV’s, then regular fuel is satisfactory, but if you own the luxury vehicles, like Mercedes, Cadillac or Audi premium fuel is always recommended by the experts. There is no doubt, the heavier the load you have got inside the car, the more power will be required by the engine to move the car. Indeed, Weight affects your car mileage too. If in case you are traveling with lots of people or luggage, expect your fuel to run out a little earlier.

Brakes are most Important: We get caught up with lots of work in our daily routine that we don’t pay that much of attention to our car until any major issue come up with. There is one thing that can cost your car a lot if not caught beforehand is brakes. So, never forget to pay attention to the sound your car breaks make during driving. If car begin to make squealing, it’s probably the right time for you to change your car pads. Don’t ever drive so close to other cars that you have to keep slam on your breaks every other second.


Hope these tips will be beneficial for your car and if you are looking to buy used cars in Delhi of your choice, you can always check our recommended tips on buying used cars.

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Maruti Suzuki Keen on Launch new version with Automated Manual Transmission (AMT)

After the launch of its successful Celerio model Maruti has introduced the new technology of AMT in its upcoming models including the new Wagon R & Maruti Swift series (hatchback or the Swift Dzire compact sedan) will receive the low-cost, yet convenient AMT technology this financial year.

The updated version of Maruti Wagon R will be launched in few days during the festive season to take utmost benefit of the occasion & achieve high sales numbers. Like its existing modals the AMT version of Wagon R will be powered by 998 cc three-cylinder K10B all-aluminum engine that produces 68 PS at 6,200 rpm and 90 Nm at 3,500 rpm. The Automated Manual Transmission system is a 5-speed unit.

(Image Source: autocarindia.com)

See Also: Top fuel efficient cars in India

Seeing the good response for its AGS (Auto gear Shift) technology on the Celerio and Alto K10 in the Tier 1 cities Maruti has taken this decision. As per sources Maruti is combining the affordable technology with the fuel-efficient DDiS diesel engine. At 26.59 km/l, the Dzire diesel is the most fuel efficient in its class.

With Maruti taking a step forward in introducing new technologies for its upcoming & existing vehicles we are sure to enjoy the competition it will get from other major players in the game.

Meanwhile if you are looking to buy used cars in Delhi with good condition & affordable price than you should pay a visit to Shriram Automall. You will be astonished to find an exhaustive range of used cars from all major car brands in India. You can also take benefit of their easy finance facility & other allied services. SAMIL helps customers in both acquiring or disposing a used vehicle easily.

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