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By Banking Channel
Car kɑː/ noun a road vehicle, typically with four wheels, powered by an internal-combustion engine and able to carry a small number of people.
While that might be the definition, a car is much more than something that helps you get from point A to point B. It is a lifestyle statement, an aspiration as well. While in some cities, the lack of adequate public transport is one of the major reasons why an individual would purchase a car, there is no denying the sheer convenience that a car offers. So much so, that in the United States and Europe, people started queuing up outside a major car manufacturer’s showrooms ahead of the launch of their new car to put down a $1,000 deposit on a vehicle they had never even seen, much less driven!
Driving my own car has always been a dream but the rising petrol prices were always a deterrent. But over the years, taking a public transport wasn’t an option anymore, and once I had children, I knew I needed a car. I opted for a car loan and it made my life easier. I didn’t have to pay upfront and enjoyed all the privileges!
While there are cars to suit every need and budget, buying a car outright might not always be an option.This is where an auto loan comes in to bridge the gap between you and your dream car. If you are planning to buy a car, take a look at how you can get the most out of the loan.
There are several ways to save on your car loan. Do not rush headlong into the process but instead, carefully weigh all the options and choose the one that’s right for you.
Buying a new car? Calculate your monthly repayment here
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This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely mybustickets.in. Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axisbank.com