Good luck for Car buyers, as Car Prices Descent! Experts Revealed

During the announcement of the interim budget last week, the Motor vehicles production taxes have been reduced. And hence several car companies including Maruti Suzuki, Hyundai Motors, Volkswagen, Ford India and many more has reduced its car price.

Several companies have come up with many attractive offers to magnetize the customers. Hence this is the best time to buy cars, stated by CarTrade.com organizations managing director, Vinay Sangi.

Other Expenses: Since the car companies and dealers have been decided to sale their products in hand before this fiscal year, the customers can ask for more offers, experts revealed.

Roongta securities Companies Chief Finance Adviser, Harshavardan Roongta advised that, while buying the car, people need to analyze various other factors including, Fuel rate, car parking charges, Toll charges and daily maintenance expenses.

Installment Payment:

Also people has to analyze the per months traveling distances, interest rate per month for car loan, before getting ready to buy a car, stated by the expert.

While buying a car via the option of car loan, the very first regulation which people should have in their mind is that, their per month’s installment interest percentage should not exceed more than 10 percent of the monthly salary.