In India,  We have 30 car manufactures offering different cars in the market for the sale. With more than 44 banks offering the Car Loan, it makes a great place to get a loan to buy your dream car. There are  certain clues that could help you get the best price at the lowest interest rate.

Before going to the market for buying a car, just consider these specks, which might help you to buy your dream car.

 
1. Purchase From a Certified Retailer

 These dealers of car companies have a better commission / incentive plan and hence can offer better rates. Many car companies have their own finance service such as Wolksvagen. Many others provide the loan by the bank as they have better connection with the creditor.

 2. Get updated buy when there are new offers in the market.

This totally relies on the time of the year, Company stocks, etc. If the company wanted to clear the Garage, then they will give many offers in the market.

3. Give information to the sellers.

Roam around & visit the retailers. Tell them what is your requirement, how much you can spend & all the details as they will help a lot. The competition in the market can result in providing the better loan.

4. Negotiation for the price is too important.

The concept of negotiation or bargain may seems messy, but it can help you a lot to save as the retails may provide any free service or any other offers which is not publically spread.

5. Shop for More popular brand.

 The more popular or the brand which has the most sales has easier to get a loan from.

6. Pay more down payment.

 The more the down payment the lesser the EMI & the Rate Of Interest also decreases, which makes a valuable profit for you.

7. A Good Credit history makes an advantage.

 A person who has better credit history will get big debt at a lesser rate of interest as compared to a person with not so healthy financial status.

8. Keep a check over the pre-payment costs.

Check if there is no cost for the pre-payment of the loan as it kills the interest of the banks of further EMIs. Check how much amount you can pre pay & opt a bank which avails this offer.