CAR LOAN UNTOLD SECRETS. 5 Golden Rules before taking Car Finance
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- เผยแพร่เมื่อ 25 ก.ย. 2024
- Before you plan to buy your Next Car, and if intend to take Car Finance for it, know Top 5 Golden rules as tips to ensure best interest rate, discount negotiations, gimmicks and ways to get best deal on Car Loan Online
For Loan Amort Schedule - www.mycarhelpline.com/index.php?option=com_forms&view=pages&layout=calculator&Itemid=72
advance emi clear kro
Sir self rto registration pa ek detail video please banaya.......
As always Very informative videos. Pl keep shareing such videos.👍👍👍
Ple make a video on used car loan
0pp
First second, I thought you are Geekyranjit....😁
LMAO! SAME! 😂
same bro
Same here😂😂
dost dil ki bat keh di apne.
Mein vi
Sr i don't even know ur name..bt the information u r providing is worth appreciable..need more genuine people like u in youtube..👍👍
He would like if u knw him by the name my car help line
he is Gagan
Gagan modi
Somebody who is helping how to n wat to buy, wat to avoid, considering all finance,cibil report, loan tenure n wat not...
Its really helpful.
I mean it.
Der r lot of channels,speaks abt pros n cons, but nobody tell abt all this nicknacks.
Amazing.
Keep it up sir. Ur doing great work.
Every penny is important... Every penny has value.... excellent sir...jaago graahak jaago...
I have been watching a lot of indian car reviewer channels but your videos are whistle blowing and eye opening, and have never dissapointed.
Maze ki baat to ye hai ki baaki ye faltu indian car channel youtubers b ab apko copy krte hue kuch informatic amd consumer centric info. videos bnane lage hai eg. “Ask CarGuru” ko he he dekh lo. 😂😂💯👍
Ask car guru bahot fekta hai bhai
Gagan ur a champion material, a guy taking on the automobile dealerships nexus head on and empowering people with knowledge n truth , more power to you, keep up the good work
Jo merse glti Hui thi uske bare me saari knowledge deti apne..
Thanks sir..👍👍
Aap jaise log kitna gyaan dekar public ko strong n full of confidence banaa rahe h. Thank u sir
Hi Sir.... you are a real life saver to all car buyers who are very desperate to own a car...great info
This topic needs more information with a suitable example so that everyone can understand it. I think no one talks about car loan in such detail as he has done. Kudos!
Had a question, coming from someone whose family never owned a car, but has started utilising the Ola & Uber, while metro has been a lifeline. Loans add an extra level of stress to people’s lives, and majority of the car buyers come from the middle class, and owning a car is not cheap and then a loan on top of that doesn’t really make one’s life less-stressful - so, why are so many people willing to buy cars, and willing to buy them through loans ? An answer would be helpful. Thank you !
Convenience, safety.
This channel and this man is a real gem.
Thank you for educating us sir!!
Though I am Panel Lawyer of 09 Nationalised Banks in Hon'ble Patna High Court but I was not knowing the hidden locha.
Thanks ☺️ dear.
Thanks Gagan for ur unbiased videos benefiting viewers at large that too ur doing this for free. GOD Bless all ur Work
Bmw is now offering 5.9% interest on x1,x3,3series,3 SERIES GT, 5 series and 6series Gt for new buyers
Really can you share link please
It would be a fixed rate for sure on floating rates u can easily get a loan at rates far below I got my car at 4.81% from hdfc
@@rahuldey7408 can u share the details of your loan like amount taken, emi and tenure
The most needed video for me. Thank you soo much sahabbbbb🤝🤝 very informative vlog.
Excellent information. Some of the things I had no clue about despite taking car loans for years.
Its a divine deed to make customers aware of corporate tricks cheats and frauds these days. Customer thinks he’s smart but corporate men are smarter. You’re a divine youtuber!
Sir, this is most important and creating highly awareness cross the new car buyers through finance. Thank you
Probably one of the best automative channels. I admire and appreciate your knowledge and enthusiasm to empower the amateurs and the ignorant. God bless you Sir!!
I just bought Creta 2020, financing at the intrest rate of 7.75%. The trick is, if you go straight to PSU bank (SBI in my case) they give you a rebate of .25% in total intrest rate. Moreover, process fee for PSU banks is also less. Also there is a rebate if you purchase car in name of a lady (maybe your mother, sister or wife)
Hello, I’m in the same position. Gonna book creta 2020. Would need some advice. Could you please elaborate about loan going through bank is better or dealer is better?
vasanthakumar Gounder Hi, in my case I went straight up to the SBI bank, and that’s why they gave me a rebate of .25%. If you go through the dealer, he will take his commission from the bank and no rebate will be given to you.
What all documents from dealer is needed for direct bank loan process
murali krishna that bank officials will tell you, but mostly car quotation, and after purchase, invoice copy, insurance copy, rc copy
Sir you are doing awesome study for us. Let's make this Chanel 1M sub everyone
Solid points 🙌
Thanks. I especially liked the explanation for keeping shorter loan term for early foreclosure benefits and not applying for multiple car loans as that will negatively affect CIBIL rating.
And ofcourse, don't give blank signed agreement.
💯
That's really informative... Most of the common people don't know all these aur broker ki meethi meethi baato me aa jate hai...
Very informative....
In my case SBI was very good, via yono the interest was 7.5%but it was floating with no foreclosure charges and processing fee
Foreclosure charges 3% of remaing amount...
partpayement charges 1% of paying amount for first 3 years...
7.5 % intrest may vary evry year also... As it is MLCR + 0.5
Now MLCR of sbi banks at minimum (7). If the MLCR increases to 8 in the next year... Your intrest will also automatically change to 8.5... and so on...
Kindly check and verify the documents... If it is correct for sbi auto loan through YONO...
Sbi is d best and the most secure
When did you take car loan from sbi? I took sbi car loan in oct 2019 they gave me 9.15 percent interest rate and 3 percent foreclosure charge for 2 years
@@divyaman88 its corona time and no one is taking loan for cars and house so the bank has to reduce the interest to attract buyers so that they will still get money,
Dealer walo ne dislike ki he video 😆😆😆
😂😂😂
😂😂
Good one again boss!! PSUs don't have foreclosure charges but private banks won't leave it.. Hehe.
You are the best sir. The best channel for auto sector.
Keep going sir.
Golden video for non financial people for taking car loans.. Thanks a ton Sahab!! :-)
Thanks a ton for this informative video. Eye opener. Have been following your posts for a really long time but today I subscribed after watching this. I am regretting my past purchases of cars like honda city, scorpio, all on bank loans and i have been duped by the dealers as you have mentioned in your video. Thanks again and keep up the good work.
Thank you so much sir,
Salute your job,
Me ekbar galti kar chuka hu,
Ekske bad me nahi,
Again thank you so much
sir ur videos r so informative. helped me a lot personally, I booked Creta E and saved around 50k+ ( 4the year warranty + heavy handling charges + insurance)
How ???
How , I am going to buy the same.
Hyundai is already offering wonder warranty You can opt for 3 year unlimited/4 year 40k or 5 years 50k kms. I have booked creta E for 11.35 lacs ( 999000 + Reg charges(90k) + Insurance zero dep (45k) including all covers.
@@cropinformation266 already mentioned.
@@tiny3241 I am taking 7.5 lakhs loan from Hdfc and their processing fee is ₹5000+, is it normal?
Thank you for sharing valuable information. No one knows this thing in depth. Helped me negotiate buying car. Keep up good job and sharing valuable information.
Thanks sabh...
Much needed the last point... Was not aware that CIBIL will be affected by asking different banks
Man your Website..
jitni tarif ki jaaye km h 👌🏻
I was zero..But by watching your videos i am becoming positive in all aspects sir.. Even if I dont know hindi I could able to understand.. I repeat two three times and understand your speech.. Thank you sir.. Kaviyarasu from Tiruppur, Tamilnadu..
Absolutely right. I took loan from outside not from dealer. There was a huge difference in interest
Yes, as you said we need to fill all the details by ourselves and we should not trust any of them, this type of fraud happened to me. So don’t trust any one.
Sir preaproved loan pe ek video banao please aur kaise deal le kam se kam bank se especially sbi
Great video Gagan ji. I request you keep making these videos. Kudos to your effort 👍👍👌👌👌
May agr apka video phle dekha hota to mera bike ka interest or kam ho jatey.. Great..
The Cibil info and the tips on documentation at the end of the video are excellent advices. Thanks 🙏
Informative video...sir main hyundai or Tata motors me Verna base model or nexon base model k liy gya tha lekin salesmen base model k bare m Kuch batate nhi uske upr k model ki information dete h vo bolte he base model k liy 1-2 mnths wait krna pdega koi to bolta h k base model company manufacture nhi krti ... is situation m kya kare ???? Complain kr k kuch hoga ya nhi?????
Brilliant video. Thank you for the knowledge
Timely and comprehensive info as always. Besides, Sir, you look much younger of late :-) Keep it up!
Car is never an Investment, But a liability Think multiple times before puting 💰
Go for second hand or good quality car offers minimum maintenance, high reliability which will last 10-15 yrs. Dont go for looks
You are right
Sidha bol na maruti alto ya swift le lo
@@rajatchakraborty8250 samaj gaye tum
I also think the same way , if engine is good which is the heart of vehicle then all is good . Insurance will be less also maintenance.👍
@@rajatchakraborty8250 what about safety of maruti cars except brezza and scross
Dhanyawaadh sir...aaptho car lon lenese pahle jaagrth kardhiye dhanyawaadh
Central bank of India provides car loan at 7.25% with 7 years tenure.
Nobody should take car loan for more than 2 years. Period.
Is Cooperation bank good??
@@dibbyo456 bhai paise hi na ho to
Is need IT return
@@dibbyo456 many banks say 3 yr minimum
Nice advisable information
I feel we should stick to 20/4/80 - (20% downpayment+ below 4 years tenure + 80% loan.).
80% loan are you Mmmmd
Just like always..big brother is back to guide subs aka bros
sir I got a discount of Rs 40000 on ford ecosport automatic. I skipped my state as they refused to give any discount as per your suggestion. I contacted my neighbouring state and after little tactics given by you, they offered me 40000 discount
Congrats
congrats. gagan bhai is very knowledgeable.
Hi! Congratulations 🎉
From where did you purchased your new car?
@@priyankarajdev3636Punjab
Konsa bank and dealer thru ??
Hi, could you take some pain to add a video on car subscriptions, like what exactly it is, up and down side of it etc,.? It's going popular in the market and it would be really a great opportunity to get information on this. Also, could you please cover the topics, like some vendors providing brand new cars on subscription basis, and one can own it by paying a pre-defined settlement fee. Thank you.
It is always better to take a car loan from the PSU banks. Because PSU banks interest rates are reducing interests calculated on the outstanding balance amount of the loan. Their processing fees, foreclosure fees are also less or sometimes are waived off. They do not play any kind of gimmick or trick that looks a very attractive kind of offer to attract customers and later getting to know their calculation is something else. Their loan schemes are simple straight forward and fair, no hidden anything. But for getting a car loan from a PSU bank has to be shown your income proof to establish your repayment capacity.
That's real saving of your money..
🙏🙏..
Also your voice Yaar ekdum zabardast and listening hai...
you could be Radio Jockey..
Best wishes..
🙏🙏
Dealers will not like you at all!!! Thanks you sir
Must mention apart from processing fees Customer need to pay Stamp duties & it varies from state to state like in Haryana its around 2000 & Delhi is around 200 Rs. only .
Awesome explanation.I was about to get a car loan.Now i know the risks involved
Sir..... You are an eye opener for us. You are such a knowledgable.
I m ur subscriber and u provide a very good information for new car buyers who where looted by car dealers
After watching all ur videos.. I have decided not to change my 7 year old SUV 😂
Is it a good idea for a salaried employee to pay upfront and buy the car or on bank loan?
Nationalised banks UBI/ SBI or Standard Chartered/ HDFC?
Recommended for a loan as is on what reducing basis the final impact actually would be lower. Refer details - www.mycarhelpline.com/index.php?option=com_forms&view=pages&layout=finance&Itemid=6
Good one, Sir... due to my monthly commitments, I don't think I can go for a smaller Tenure.... My plan is to go for Nexon XM Diesel...I think I can arrange some Rs 3 Lacs as a down payment...so I am forced to go for a Tenure of 6 years or 7 years to bring down EMI to Rs13K approximately.
Could you please suggest?
It's 2023 Sep now. Did you opt for long term or short term?
Any suggestions, if I want to have the lowest EMI?
Grt Job. I am your regular viewer. Carry on. Need more Quality videos. 👍👍👍🙏
Khan saab bohat acche video bnaate hain aap bhgwan ka avtaar hain aap new car buyers ke liyein 👍👍👍
You are simply superb sir. It is Worth watching your videos. Thanks for the valuable information.
Sir the knowledge you give is uncomparable. Thanks alot
Nice explaination , saved thousands of borrowers !
Bhai thanks a ton....iss area mei educate karne waale mil gaye ...bahut dhanyawad for the info given
Please do in complete English , It would be helpful for many people including myself!!
Really appreciate your informative videos. Keep up the good work!
Jabardast knowledge for us thank you
Bank of Baroda ROI 7.35%, reducing ROI, no pre payment charges. Extra part repayment will never bring any penalty like private bank charges
Very helpful suggestions.Thank you Sir.
Vry informative .....sir kindly keep ur gud work on...Vry knowledgeable
Very informative Sir thank you Soo much. I always recommend your channel to all my colleagues
Your guidance is always inspire me to move ❤️.
Like always, a must watch if u wish to buy a new car👍🏻👍🏻👍🏻
hello sir
please suggest seltos HTK+ or creta s model which one is better and why
Good coverage. Please cover Company Car Lease Vs Bank Loan. Which is better and cost effective ?
People experts in their fields knows most of the things but because of personal intrests everything never disclosed completely. So at least minimum true information can be expected.
Best is to go with PSU bank. Documentation is on higher side but peace of mind.
I was getting 7.7 from SBI and 8 from hdfc with zero foreclosure charges after 2 years.
Big bargain from 9.5% initial given by both.
if u have apply through YONO app of sbi u can get 7.5% ROI
@@atulpatel545 Is it so ?
@@sureshvadgama2838 yess bro. yono pe intrest rate check kr k dekhiye. branch se kum offer krta h Rate of intrest. dealer k pass commission ni jata hai agar OL apply krte h apn isliye rate pe rebate milta h
Sir mujhe EMI pe confusion hai...bank wale actual EMI 8% ka btate hai..aur calculate krne pe 5% k according EMI lg rha..plz help
Because of reducing interest rate
ये आपकी पहली वीडियो थी जो समझ में नहीं आयी।😁
सुबह फिर देखूंगा।
Bytheway, अपना सीधा फण्डा है, बैंक मतलब~ SBI.👍😊
Right
Best TH-camr I have ever seen....
you should start such channel for realestate... may be any of your collegue or friend is expert in real estate... after cars houseland is buggest investment in india
Sir floating rate of interest vs fixed rate of interest , which is better
Good job sahab...... Very very informative
....sir !! U r a man of letters !! I appriciate ur efforts !! 🙏🙏🙏...if someone has the cash to buy a new car , should he buy it on cash or should he get it financed !!, which one is more beneficial if the buyer is going to keep the car for the full 15 yrs . ??....cash or finance ??
Referred here - www.mycarhelpline.com/index.php?option=com_forms&view=pages&layout=finance&Itemid=6
what is the difference between loan amount and disbursement amount?
Very nice video.
Thanks.
This is one of the most important videos regarding cars in the net...thanks a ton
Very well researched and practical information. Many thanks.
Negotiation guru 🙏
Just a awesome job...keep going with this honest attitude...
Ur voice is super sir,
Recently I bought santro AMT sportz for my daughter. ICICI approved
Loan of 3.80 lac. 48 month tenure. 8.7 % fixed rate. Precessing fees appx 5100.
They insisted for group protection and loan insurances of 4000/- premium for each ( 8k single premium total)
So they processed loan of 3.88 L and disbursed 3.73 L to dealer. Felt something awkward and uneasy.
Is it okay for bank to insist for insurance with car loan?
They got cross sell targets - cant insist. You can raise complaint for cancellation of policies (only policies) if taken within 15 days and state complaint about officer for insisting
Do you have to take finance from dealer mandatorily?