EMI is surely a wonderful thing. The number of car owners is increasing by the day hence easy repayment schemes provided by various finance companies.
Before contacting a private finance company, it is also better to find out whether the buyer’s bank will be willing to provide a loan at a lower interest rate. Many banks offer this to their old and loyal customers and there is no harm in giving it a try. One can easily negotiate and the bank would rather retain a customer and give a lower rate than let the client go to another company.
If in the event a bank is not willing, then there is no option but to approach the car dealer or a finance company. However, never hesitate to ask for a discount. There is no shame in it, even the richest bargain! Do not back down easily. Take some time in the negotiation process. Give the lender a day to think and he or she might get back to you with some option to meet midway. One common alternative given by lenders is to decrease the EMI For Car Loan or add accessories.
Before contacting a private finance company, it is also better to find out whether the buyer’s bank will be willing to provide a loan at a lower interest rate. Many banks offer this to their old and loyal customers and there is no harm in giving it a try. One can easily negotiate and the bank would rather retain a customer and give a lower rate than let the client go to another company.
If in the event a bank is not willing, then there is no option but to approach the car dealer or a finance company. However, never hesitate to ask for a discount. There is no shame in it, even the richest bargain! Do not back down easily. Take some time in the negotiation process. Give the lender a day to think and he or she might get back to you with some option to meet midway. One common alternative given by lenders is to decrease the EMI For Car Loan or add accessories.