CAR LOAN
Hi to all QL friends, I need your precious suggestions to get a car loan.
I have applied for the car loan with my present bank which was rejected with the reason that CLAUSE mentioned in Salary letter need amendment the same after several requests to my company they denied to amend as per bank's format.
But they could provide only the salary letter against who's ever I request for.
In this case is their any possibility to purchase a new / certified used car through car loan.
Is their any other feasibility other than bank, where they will accept with a formal salary certificate mentioning my account details.
Also I am ready to pay 30% down payment.
Molten Metal Excellent advice,
Azeem Check with your company if they can provide you loan against your Gratuity Amount.
Thanks friends for your valuable suggestions... I will decide and will share my experience with u all later...
Use limo and taxi services until you saved enough to buy a 2nd hand or brand new car, don't take loans
Azeem, No Loan please.... try to find 20k and look for a 2nd hand Tida.... Live for you not for others.....
Oh for goodness sake. Yes, we should avoid loans where possible.. but in this case, offer advice he needs -
Azeem, live within your means and do not take a loan for a car.
Above comments are unnecessary & useless ..You never answered his question ..
Azeem ..You should try NBFC like First finance, Al Jazeera finance etc..
MM comments are wise, prudent and full of experience. However the auto dealers are trained to flash the shiny cars and present mesmerizing presentation that the customers are mostly unable to resist, and as a result end up buying a new car that devalues quickly when it runs in a very hot and humid weather.
Azeem, You must be aware that how bankers fleece their innocent borrowers ......... you will end up paying double the value of your car ..... they will cheat you in a way that you will never fel it ......... in the process bankers are drowning themselves when they are unable to recover heavy loans which they gave without proper checking on repaying capacity of the borrower .......... so do not enter any bank ...... use your ATM to withdraw your money once in a two three months .......... send all your savings to ypour home place bank ......... it you have spare money invest in Mutul Funds ...... for buying a car you better take lift from a kind colleague ....... save for three months more & buy a used car from your seniors / neighbours when they plan to sell it. Leave the idea about taking loan ...... it means you will be exposing your money to the robbers .................. Mon, 12.10.2015, 06.33 hrs