What makes a car a luxury vehicle? It must be manufactured with higher quality materials and equipment, provide better performance and comfort, and must be developed using advanced technology and design. A luxury car with a high price tag can improve the image of the brand or the car manufacturer. To whom are these luxury cars addressed? Answer: car enthusiasts with deep pockets from all over the world. There is a small percentage of consumers looking for glamor, speed and extravagance above the practical. This group niche does not mind investing large sums of money in one of the fastest or best cars available in the market.
How can you buy a luxury car of your choice? Banks, non-bank financial companies (NBFCs) and other credit institutions offer easy access to financing in the form of car loans. In India, any salaried employee or self-employed worker with a stable income can apply for a car loan. Banks offer car loans for new and second-hand vehicles at competitive interest rates for a loan period of 1 to 7 years. You can verify the eligibility of your car loan online before requesting one. Compare car loans online on a third-party website to get better deals. Calculate the total cost of your car loan using the EMI online car loan calculator for instant and accurate results.