Auto Loan Tips Everyone wishes to have a new car. People do different types of financial planning to fulfill their dream. If you are also going to take a loan for your new car, then there are some things you should know. Actually, many people make small mistakes while buying a car, due to which they may have to face many problems later. With huge discounts and offers, automakers and dealers are trying to make the most of the current festive season. According to Federation of Automobile Dealers Association of India (FADA), the demand for four wheelers has picked up. Interestingly, premium cars are more in demand than entry-level four-wheelers. Here we are telling you about some common car loan mistakes that you should avoid. Avoid low EMI and long loan Most of the finance seekers opt for a longer loan tenure to reduce their EMI amount before buying a car without understanding the impact on the overall cost. Many people feel that the monthly EMI will be lower if the loan is ...
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