Vehicle Finance
Vehicle finance covers various options to fund your vehicle purchase, including car, two-wheeler, and electric vehicle loans. Understand insurance, leasing, and buying decisions to make informed choic
38 articles- How to Choose the Right Car Loan Interest Rate Step by Step To choose the right car loan interest rate, you must first check your credit score and understand the difference between fixed and... 5 min read
- How much Down Payment Do I Need for a Car Loan? A 30 percent down payment on a car loan keeps you out of negative equity, lowers total interest, and keeps the EMI comfortable. Th... 5 min read
- 5 Things to Check Before Applying for a Car Loan Before applying for a car loan, you must check your credit score, determine your true budget, and save for a solid down payment. Y... 5 min read
- How much Loan Amount is Approved for a New Car? Lenders typically approve a vehicle finance loan for 80% to 90% of the car's on-road price. Your final approved amount depends hea... 5 min read
- Can I Use a Car Loan for a Used Car? Myth Buster Yes, you can absolutely use a car loan for a used car. Lenders offer specific vehicle finance options for pre-owned cars, though t... 5 min read
- How much loan can I get for a Royal Enfield? Most banks and lenders will offer you a loan for 85% to 100% of the Royal Enfield's on-road price. The final amount depends on you... 5 min read
- Best Two-Wheeler Loans for Housewives SBI Two-Wheeler Loan is the best overall choice for housewives seeking Vehicle Finance in India, followed by Bajaj Finance for spe... 5 min read
- 4 Things to Check Before Signing Your Two-Wheeler Loan Agreement Before signing a two-wheeler loan agreement, check the total interest cost (not just EMI), all hidden fees including processing an... 5 min read
- What is the typical interest rate for a two-wheeler loan? The typical interest rate for a two-wheeler loan generally falls between 8% and 20% per year. Your final rate depends on your cred... 5 min read
- Why is EV Financing So Expensive? How to Get Cheaper Rates EV financing is often expensive due to higher vehicle prices, lender uncertainty about battery life, and rapid depreciation of new... 5 min read
- 5 Things to Check Before Applying for an EV Loan Before applying for an EV loan, you must check your credit score and understand the total cost of ownership, not just the sticker... 5 min read
- EV Financing for Students: Options and Tips Students can finance an EV through a co-signed bank loan, manufacturer schemes, subscription, a used EV with a personal loan, or f... 5 min read
- Is EV Insurance Really More Expensive? Yes, EV insurance is often more expensive than insurance for a comparable petrol or diesel car. This is mainly due to the higher p... 5 min read
- Best two-wheeler insurance plans for riders The best two-wheeler insurance plan is HDFC ERGO, which excels with a high claim settlement ratio and a vast network of cashless g... 5 min read
- Best car insurance for salaried individuals The best car insurance for salaried individuals offers a high claim settlement ratio and valuable add-ons at an affordable price.... 5 min read
- Is it true that driving a red car costs more for insurance? Car colour does not affect your insurance premium in India. Insurers are regulated by IRDAI and price motor policies based on the... 5 min read
- Car insurance premiums keep rising? How to manage costs Car insurance premiums are rising due to inflation, expensive car technology, and more frequent accidents. You can manage these co... 5 min read
- New car vs Used car insurance: What's different? The main difference between new car vs used car insurance is the cost and coverage level. New car insurance is typically more expe... 5 min read
- 5 Things to Check Before Buying a Two-Wheeler Insurance Before buying two-wheeler insurance, you must check five key things. This includes understanding the coverage type, verifying the... 5 min read
- Vehicle insurance for retired individuals Vehicle insurance for retired individuals should match low mileage, garaged parking, and a clean claim history. Right-size the IDV... 5 min read
- Car Insurance vs Extended Warranty: Which do you need? In any vehicle finance plan, car insurance is mandatory and covers accidents, theft and third-party liability, while extended warr... 5 min read
- Car Leasing Explained: Is it Right for Your Budget? Car leasing can be right for your budget if you want lower monthly payments and a new car every few years without a large down pay... 5 min read
- 5 Things to Know Before You Lease a Car Leasing a car means you are paying to use it for a set period, not to own it. Before signing, you must understand the mileage limi... 5 min read
- How Does a Car Lease Work Step-by-Step? A car lease works like a long-term rental where you pay to use a vehicle for a set period, typically 2-4 years. Your monthly payme... 5 min read
- Is a Car Lease a Bad Idea? A car lease is not always a bad idea; it depends on your financial goals and driving habits. Leasing offers lower monthly payments... 5 min read
- Leasing vs. Buying: Which Offers Better Resale Value? Buying a vehicle builds equity and gives you resale value when you sell, while leasing returns zero equity since you never own the... 5 min read
- Best Way to Pay Off Your Car Loan Early The best way to pay off your car loan early is to make bi-weekly payments. This strategy has you make 26 half-payments a year, whi... 5 min read
- Car Loan Prepayment for Salaried Employees Yes, car loan prepayment is a smart move for most salaried employees. It helps you save a significant amount on interest payments... 5 min read
- What happens if I miss a car loan EMI payment? If you miss a car loan EMI payment, you will first face late payment fees and receive reminders from your lender. If the payment i... 5 min read
- Solving Car Loan EMI Problems: A Guide Solve car loan EMI problems by diagnosing the cause, calling the bank before they call you, restructuring if income dropped, and p... 5 min read
- How much interest do I save by prepaying my car loan? Prepaying your car loan can save you thousands in interest, making it a smart financial move. For example, paying an extra 100,000... 5 min read
- What is a Bullet Payment on a Car Loan? A bullet payment on a car loan is a single, large lump-sum payment required at the end of the loan term. This structure is used in... 5 min read
- Car Loan EMI vs. Lease Payments: Which is Better? Car loan EMI vs lease comparison depends on taxes, ownership, and driving style. Loans win on lifetime cost for most private buyer... 5 min read
- Best Way to Use Windfalls for Car Loan Prepayment The best way to use a windfall for car loan prepayment is to reduce your loan tenure while keeping the EMI the same, which saves m... 5 min read
- How many years can I get a car loan for? Most lenders offer car loans of 1 to 7 years, with 5 years being the most common. Stretching to 7 years cuts your monthly payment... 5 min read
- Lease vs. Loan for Electric Vehicles — What's the Difference? A loan makes you the owner of the EV with monthly EMIs, while a lease is a rental with the leasing company as owner and a return o... 5 min read
- Car Insurance Claim vs. Out-of-Pocket Repair Costs For major car damage where repair costs are high, claiming insurance is usually best. However, for minor damages that cost less th... 5 min read
- Best Car Loan Interest Rates for Salaried Individuals As a salaried individual, you have a strong advantage in securing a car loan. The best interest rates are typically offered by pub... 5 min read