Rates
The Best Auto Rates in the Business
Are you ready for a new car? If so, you made a good decision by looking into auto rates before buying. Having a loan ready prior to buying can make you a more attractive candidate to dealerships. Similarly, you are probably aware that you will not get the best deals on auto rates at the dealership. Dealerships are notorious for overcharging customers when it comes to financing a car. You might get a great deal on your new vehicle, but you will get taken to the cleaners if you decide to finance through the dealership.
 
Why are car loan rates?

One thing I have wondered about is why car loan rates in India are so volatile? When I purchased my car in October 2005, I got a 3-year loan at a fixed interest rate of 8% p.a. But only a few months later, I saw that rates has jumped up to ~11%. This certainly wasnt the case for home loans, which went up only 0.5% (if at all) during the same period.

Today, the Economic Times reports that car loans will see an interest rate hike for the fourth time in a row in as many months, by 0.75 - 1%.This takes loan rates to the 13-14% range, a fairly large increase compared to what I paid over a year ago. I dont have statistics on what % of people finance their cars versus buy them outright - but I doubt this is good news for car manufacturers.
 
Time to Buy a New Car

For many people, its difficult to let go of an old vehicle. They often hold a lot of sentimental value. Maybe your car has even been good to you over the years, never dying on you when you need it or costing too much in repairs. Unfortunately, every car has its day, or at least
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