Banking on dhanteras fever? Keep this car buying guide handy!

19 October, 2023

Ushering in the festival of Diwali, Dhanteras sees people flocking to buy gold, silver, cars, and other precious goods. This is a day when we see shopping fever thrive all around us, with vehicle showrooms decked up to entice prospective buyers.

You can expect automobile companies to offer attractive discounts and deals on Dhanteras, so it’s the perfect time to buy that car you’ve been eyeing. However, apart from the cost, there are so many other factors involved in the purchase.

Keep this buying guide handy and get yourself a good Car Loan offer during this Dhanteras!

Identify your needs

Start by looking at your needs and the car models that fulfil them. Do you want a hatchback, a sedan, or an SUV? How many passengers will the car ferry on a regular basis? Make a list of your requirements and check the brand’s reputation for safety and resale value.

Of course, price is an important factor too. Do your research on safety ratings and features for specific models. Once these are finalised, you should take your shortlisted cars for a test drive.

Mileage and other must-haves

Buying a car is expensive, but it doesn’t have to keep burning a hole in your pocket after you have bought one. Low mileage and high maintenance costs form a bad combo. With the fuel cost rising steadily, cars with low fuel efficiency are a terrible investment.

Similarly, cars that need too much maintenance will cost you dearly in the long run. Sturdy, low-maintenance cars with good safety features are your best bet. After all, a vehicle should work for you, and not the other way round.

Decide on a budget

The cost is where most people stumble. Check your finances and fix a budget. Then be sure not to exceed it while you do your research. If you see yourself falling short of cash and don’t want to touch your savings, you can easily finance your purchase with a car loan.

HDFC Bank offers a wide range of Car Loans to turn your dreams into reality. Some of the more popular schemes are outlined below:

  • ZipDrive Loan Scheme: This instant car loan can be availed of online for the model of your choice, no appointments required. With up to 100%* on road funding facility, 24x7 disbursal, flexible tenures, and negligible paperwork, this loan scheme makes acquiring a car an absolute breeze.

  • Car Loans Scheme: With a unique step-up EMI plan plus the balloon EMI scheme, you can buy your dream car at an affordable price, or get a bigger car for the EMI of a small car. With EMIs starting at as low as ₹1,111 per lakh onwards*. Whether SUV or luxury sedan, nothing is out of your reach with a loan that provides 100% finance along with pocket-friendly monthly repayments. With a loan approval in minutes and quick disbursals, Car Loans have never been easier. Moreover, the scheme comes with zero foreclosure charges post 24 months of repayment*.

Drive Home Your Dream Car With Xpress Car Loan Offers this Diwali

You can apply for a digital Car Loan and get one in 30 minutes* with HDFC Bank’s Xpress Car Loan offers. All you have to do is check your loan offer > input your car and dealer details > complete your KYC and your loan is disbursed.

The top features of the Xpress Car Loans include: 

  • Competitive interest rates: With Xpress Car Loans, you can enjoy interest rates starting from 8.80% p.a.* and avail of potentially pocket-friendly EMIs. Avail of interest rates starting from 11.25% p.a.* on Pre-owned Car Loans. 

  • Zero foreclosure charges: Repay your Car Loan before the tenure ends to save up on interest costs.  

  • 100% financing: We provide 100% financing for select vehicles so that you don’t have to drain your resources.  

  • Higher loan amount:  Get a loan amount of up to ₹25 lakh with Xpress Car Loans. 

  • Flexible tenures: With tenures ranging from 12 to 84 months, you can select one that suits you the best. 

  • Real-time approval: Your loan gets approved on a real-time basis on the Xpress Car Loan platform. This way, you can drive home your car almost instantly.

To know more about Car Loan EMIs, click here.

​​​​​​​Looking to apply for an HDFC Bank Car Loan, click here to apply!

Now all is possible with HDFC Bank Festive Treats! This Dhanteras click here for the most attractive offers on EMIs and loan tenures for car loans.

* Terms & conditions apply. Car Loan Buying a car should not be a headache; it should be a smooth experience. Dhanteras marks the beginning of the festival of Diwali, the celebration of lights and of Goddess Lakshmi. A sound investment in a personal vehicle on this day will surely bring good luck all year round, financially and in life. A Car Loan from HDFC Bank will make sure this happiness is within your reach. Loan disbursal at sole discretion of HDFC Bank Ltd. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. 

T&C apply. Other charges and taxes as applicable. This scheme is part of Step Up cum Balloon EMI for 84 months. Nil FC after 50% tenure completion subject to minimum 24 months and Nil cheque bounce. Insurance bundled with the offer.