Investing in a car requires a lot of prep and if you are a new car buyer, then you will feel yourself bombarded with a multitude of choices. A persistent question that lingers in a customer’s mind is whether he is selecting the right car deal for himself. Is the deal of his choice financially viable to him? Car dealerships can take a customer for a ride with their flashy offers and catchy add-ons. Car buyers may get fooled by the hidden and extra charges these car dealers tend to hide under layers and layers of offers and discounts. A smart way to get out of car dealership tussles is to look at online car financing options, where the borrower can have control on what he chooses and what he rejects. Pre-approved car loans and instant e-approvals from financial institutions are convenient choices available to car buyers opting for online car financing.

A first time buyer would normally opt to visit physical car dealerships, procure various deals and then compare them on his own time.  The traditional way of choosing and buying a car is a laborious task. Online car loan makes life much simpler and saves a lot of time for a buyer providing him with a variety of car loan options, comparison parameters, e-applications and instant e-approvals. Four major tasks done in a matter of four steps! How easy can that get? Customers only need to enter their personal details and loan requirement details to get a full-fledged car loan approved in a few minutes.

Buyers generally have to haggle with car dealers regarding extra charges and costs that dealerships do not divulge initially. Car dealerships in India proclaim that their charges are ‘transparent’ with nothing hidden underneath. But the scenario in India is such that customers are not privy to these extra charges and only end up paying much more than their intended investment amounts. A wiser option for Indian customers would be to use third party websites which carry car loan deals from various companies. With the online market being very competitive, websites would be vying with each other to provide the best car loan deals with the lowest interest rates to customers. Another great advantage that online car lenders have over brick and mortar dealerships is that they save hugely on infrastructure and can use that to easily invest on their websites.  A prospective buyer gets better financial options, can compare different lenders and select the best deal for his vehicle if he chooses to get his car financed online. With no possibility of any hidden charges, the buyer can also control what he spends on a car fitting into his budget requirements.

With an infinite amount of choices on his platter, a car buyer’s best bet would be to get his new vehicle financed online saving time, money and extra effort.