Car Loan – When my decision met strong opposition!

The story begins with facing the opposition, ends with surviving the opposition. I expressed the desire to buy a car for my personal use (read: weekend shopping sojourns in the nearby malls) which was met with great opposition  But I was determined and zeroed in on Chevrolet Spark (Courtesy: TV commercials during my favourite serials) […]

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Want to book a Nano? Get the know how

The wait is finally over for aam Hindustani with the high profile launch of Tata’s dream car NANO recently in Mumbai. After hitting many road-blocks and some strife’the junta car will finally hit the roads in mid- 2009. However, the booking is starting soon. So, how does one apply for the Tata Nano? The cars […]

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Car Loan Surrender Letter- Why you must sign it

Loan agreements can be mind-boggling. A statement could imply something and read totally something else. Clauses, they stare at us; and yet we just sign them without a second thought. This is not to suggest that all clauses in an agreement are written with a bias against the borrower. A loan agreement is essentially a […]

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Carmakers use Shine and Sparkle to Lure Customers

In order to keep up with sluggish market conditions, carmakers are offering diamonds sets, gold coins & chains, silver plates and MP3 music systems to lure customers into their showrooms before the festive season. Previously carmakers offered free insurance covers and auto accessories to buyers during the festive season. However, this time around, carmakers such […]

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Luxury in cars, facility in Finance!

One sector which has been moving steadily on the growth trajectory is luxury cars. Remaining almost unaffected by the vulnerability of stock markets, emerging signals of industrial slowdown, rising input costs and spiraling fuel costs, luxury cars are riding high on the soaring aspirations of upwardly mobile Indians. Considering the fact that segment registered 25 […]

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The Car that you can afford

Question: Can you afford to purchase a new car? Another question: if you can indeed afford it, how much exactly can you afford? Which, in turn, pops up another question – What can you afford to pay per month? Okay, answers now. The first step is to assess your personal budget and determine what you […]

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Banks to Hike Interest Rates on Auto Loans

Customers looking for a car loan will have to brace themselves with another hike in interest rates. Some of the bigger players in the car loan segment are likely to hike interest rates by next month. Interest rates in this segment are likely to move up by at least 50 basis points (bps) or 0.5 […]

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