NEWS & ADVICE : CAR LOANS
TIPS FOR ASPIRING CAR BUYERS AND OWNERS
By Vaibhav Aggarwal
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Do not trust bank agents with blank cheques

This one is not as obvious as it sounds. If bank statistics are to be believed, giving blank cheques to their bank agents is the commonest mistakes loan customers do.

Bankers say that a lot of times, you might trust a bank agent and hand him over a couple of blank cheques. Several times, one to two of those cheques can be misused by the agent, which might not catch the attention of the bank customer. Hence, as a word of advice, the bankers say that one should read all their bank statements carefully and be sure of all the documents that they sign. As a word of caution, they advice customers to not blindly trust the bank agent and double check the details with the bank on their own.

Do not compromise on Fuel Efficiency

It’s important to reiterate the point of fuel efficiency. With the high inflation, rising fuel prices and recent hike in the cost of cars, fuel efficiency and fuel efficient cars are the needs of the hour. Experts predict that all these developments will lead to an increase in demand for fuel efficient cars.

On this note, Mayank Pareek, Maruti's executive office sales and marketing, said, "Only the most fuel efficient cars will help customers to keep their bills low and get high resale value. The global fuel matrix will keep the prices rising and customers opting for efficient machines will be most intelligent."


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