Auto Financing For Everyone

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Thinking of buying a new car?

 If you had been dreaming of this for a long time and had raised your finance, what to worry about? Just decide the one which is appropriate for you and go for it.. Or..Do you need some help to get yourself funded as your dream is a little pricey than your wallet.. We are here to help you… To guide you through the way towards the fulfillment of your dream…

Finance Schemes are the most popular and effective resource to fund your car. Changing needs and development of market had made financial schemes more reliable than before. Thinking of the financial scheme is only the second… The choice of the car that you want to buy has the preference. Once you had taken a wise decision according to your need and affordability, we could talk of the money problem…

In an extremely competitive market of now a days Financiers, dealers and manufactures are trying to attract people towards them… By offering Freebies, low interests, 0%finance and many more, companies are competing with each other…

After completing the first important step of the selection of the car, what you need next is to find out an experienced and reliable financier… Making your decision wisely and seriously you cant go wrong.. Selection can be done from magazines and dailies if you need. There are various schemes of finance available these days.. Pick the one that is appropriate for you…

And make your dream come true…

Following are some of the popular car financing options available in the market today…

There are mainly three options of Car financing options popular these days…

  • Loan
  • Hire purchase
  • Lease

Loan

In this option of car finance, you are taking a loan to buy a car. You will be the registered owner of the car and you will be a lienor to the financier, i.e., the financier will be applying a security interest on your property. Business men, self employed personals and companies can treat these kinds of loans as business expense and get deduction from taxes against depreciation.

loan
In this option of car finance, you are taking a loan to buy a car.
hire_purchase
On a hire purchase the financier is buying the car on your behalf.

Hire purchase

On a hire purchase the financier is buying the car on your behalf. Even if the car will be registere on your name, the hhypothecation will be to the financier. You are only hiring the car from the financier with an intension to buy it at the end of a pre-determined period. The hypothecation of the financier on the car will be taken back after the full payment of installments..A car taken on hire will be shown on the balancesheet of your company or business as an asset and can get deduction against interest paid, along with depreciation.. It must be noted that the hire purchase can cause additional sales tax, turnover tax, value-added tax, stamp duty, etc. depending on the state in which the agreement is being signed.

Lease

Lease is an attractive finance option for companies who are in need of providing vehicles to employees on its behalf. In a lease scheme the financier is leasing you a car for a particular period of time, after which he can take back or sell the car to a third party. In this scheme the financier will be the owner of the car in every aspect. The car will not be an asset on the Balance sheet nd you will be able to show the rentals as a business expense. This helps in the deduction in tax. Like Hire Purchase the Lease also brings additional sales tax, Value added tax, Stamp duty etc.

lease
Lease is an attractive finance option for companies who are in need of providing vehicles to employees on its behalf.

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