Friday, July 9, 2010

Finance will give your dream car easily

If you have decided to purchase a car in finance,then documents wise you have to be perfect. And another important thing is you have to keep one clean good reputation socially. and some of your friends & neighbor should approve you as a positive person to get the car finance approve. 

There are few more important things which will approve your dream car loans. Those are ...

  • Down payment amount while purchasing the car. Because as per your down payment's amount the loan amount will decide.
  • Interest rate which you need to pay. Sometime this is fixed or sometimes it will be negotiable or drop down interest rate will be applicable.
  • Down payment amount & EMI will be depend on the timing. Means the recovery period of your car loan.
  • Proper documents you have to post for the loan approvals.
  • Proper verification contents your govt. photo identity card, Address prove, Bank statement, Xerox copy of your pay slips etc.
  • The verification team will visit to your office & home to confirm the above details you have provided all are true. If anyhow you will negatively verify your loan application will be cancel.
  • After positive verification you have to provide one canceled cheque to active your ECS service for EMI.
  • And the last but not the list you have to pay the down payment amount while taking the delivery.

By the way whatever information you have got above those are applicable for a employed person. But those who are having business & want top take a dream car through finance they do need to follow some more steps which i will tell you in my another blog post. As I hope this will help you to understand some extend what steps you guys need to follow for taking car through finance.

1 comment:

Unknown said...

I love cars... but they need finance...
Thank you for the post..Micro Forex