Global automobile companies like Mercedes, Hyundai Motors, Fiat, Ford, Toyota, etc., have entered International markets. Now, Indian automobile companies like Maruti Suzuki, Tata Motors, Hindustan Motors, Mahindra, etc., are also recognized as global manufacturers and keep on bringing new automobiles into the international market. This shows that people worldwide invest a lot in various car models launched by several manufacturing companies, whether a car or bike, automobiles have become a possession of flaunting one’s personality.
No doubt, people spend a lot on automobiles; in such a situation, automobile insurance becomes indispensable. Expensive cars and road bikes are no longer a necessity. Now, they have become an inherent part of one’s personality. Your precious automobile requires safety, proper care, and great vigilance. Also, vehicle theft is almost common in all the world countries and can cause you a loss of a hefty sum of money if, by chance, you lose your vehicle.
In addition to these, the possibility of road accidents, whether you live in any part of the world, is something you can not deny. Here is when Automobile insurance comes into play. Automobile insurance safeguards you against any such heart-reckoning situation, leading to losing your costly vehicle earned by your hard-earned money. Nowadays, with the Internet, you can apply for automobile insurance online. Online automobile insurance makes an easy and less expensive way to insure your vehicle.
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Besides this, your dream of owning a luxurious car has become easy through the various car loans offered. You can buy a brand new SUV, MUV, jeep, or even a small car with the car loans facility. The new car loans provided by the various banks and financial firms enable consumers to own the latest model of cars from multiple manufacturers, like Maruti, Hyundai, Tata Motors, Fiat, Ford, Honda, and many more. The size of the car loan usually depends on the vehicle, type, whether standard or premium, the percentage of financing, and the cost of the car.
In the case of a new car, a loan of up to 90% of the total cost of the vehicle can be availed. Normally, the tenure of repayment of the auto car loans can vary from 1 to 5 years, but some banks offer a flexible relaxation of up to 7 years. Auto Loan Calculator estimates the overall cost of purchasing a car, including the sales price, sales tax, and the many charges thrown on you when you finally decide to purchase.