Everybody has to take some important decisions in life as they row in terms of their personal life as well as career. You plan to purchase many things in your life as you excel  in  your career. It may range some thing from purchasing car to purchasing a house. These decisions are connected with the emotions as well as financial management of the life so, the decision regarding their purchase should never be impulse. In the current article, let us examine five steps that one should count on before purchasing a dream car.

purpose of the car

Every purchase has a purpose and car is not an exception, knowing the purpose will help you narrow down the searh results and fix your budget too. If you intented to purchase a car to commutute to work, you need to hunt in the segment of cars that endure traffic and pollution. If you need to enjoy long drives on weekend, milage would be the concern.  on the contraty, if your purchse is drive the car for specail occasion, luxuray cars may fit in the basket.

How abaout used car?

If the finances avalaible with you are not sufficaint to purchase the make and model of your choice, give a thought on second hand cars. Inspeted cars that are in good conditon may adress your requirements effecively without the need for compramsing budget.

Can you handle the burden of a Car Loan?

As Car Loan becomes inavitable in purchsing many types of cars avalaible, you shsoud check if you can handle the burden of the car loan by considering the interest rates offered by the lender. Car loan EMI calculator will help you figure out right EMI for the loan. compare car loan interest rates  in India and choose the lender carefully to ensure that loan EMI does not tighten your budget.

Negotite the interest rates  

whether you are going to purchase a new car or used car, car loans provide required financil assitance. After you compare car loan interest rates in India, check if you can negotiate the interest rate with the lender to reduce overall cost of the car. Having a good credit score will serve as an excellent tool to negotite the interest rates so, ensure that your credit score is in tact before you reach the lender with the loan application.

down payment

Now a days, lenders are offering the car loan at zero down payments. This is not an advisable option. When you compare car loan interest rates in India for the finance with zero down payment, car loan EMI calculators will show up large EMI which includes high interest rates that increase the cost of your car. You should keep your down payment big when you purchase car to reduce the burden of EMI. Before purchasing the car, you should also ensure that you will be able to handle maintenance cost along with the EMI without any hassle