Car finance is not new to India, but momentum is up from nearly half a few years back to more than three quarter of the number of cars purchased in India are financed now. The remaining quarter is mainly delivered by the corporates buying cars in bulk for their employees. The scenario is same everywhere around the world. In developed countries, more than 85% of the cars are financed. Rising interest rates and oil prices may be holding your feet to move forward and have your first car but these are the factors which are macro in nature and on long run these should balance them with favourable ones. No economist is dead sure on when and in what structural form will the new economic revival take place in the world. If you are planning to buy your new car and want to finance it do contact us either through our website or send any of your doubt or reservation. We will you provide the correct information regarding the same.
Submitted By: Nitin Yadav, Manager Marketing, Alternate channel, Team ICICI Bank.
Labels: Car-Finance, New-Car
3 Comments:
This is a good information even a few friends of mine want to go for new cars but they have less funds to buy one so this really would be a good message for them. So this is definitely going to help many who are looking for financing their cars and an easy option for them. Thanks for this information
Car finance has been very popular worldwide. I have seen many people inspite of having enough money to purchase a car they still go about financing it as they want to get tax benefits or preserve black money. But there are many other folks who really dont have enough cash in hand to buy a car. However hope that car finance is provided to the right person and from the right source.
That's right. No one can ever make assumptions on the changing economies and developments. Car financing is a good option for middle class people because there is not much burden on making down payments. I think, one should not get swayed with high interest rates. You never know when the interest rates further rise. So, if you want to buy, buy it now.
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