The Coronavirus (COVID-19) pandemic has affected people’s lives to a great extent. One of the major issues faced by millions of people around the globe is transportation, as COVID-19 has made a significant impact on this sector.
Exposing yourself by traveling in public transport and touching their surface can be quite dangerous, as you may contract this harmful virus. So, it is advisable to travel in a personal vehicle to ensure your and your family’s safety. Thus, buying your own car is the need of the hour.
It may be difficult for everyone to buy a car at present due to financial challenges. However, one way to own a car is by availing of a loan.
Getting a car loan is easier these days. Financial institutions like Mahindra Finance give you the facility to apply for a car loan online from the comfort of your home.
Why you should purchase a car
Here are some essential reasons for buying a car in the current scenario:
- Reasonable interest rates
Due to the declining sales of cars, financial institutions are now offering car finance at attractive interest rates. With this offering, you can save a significant amount in the long run if you opt for a loan now.
- Cash discounts
Many car manufacturers are offering cash discounts and loyalty benefits in exchange for your old car if you plan to buy a new model from the same company. So, you need not wait for the festive season to avail of attractive offers when you can get a good deal right now.
- Value-added services
Carmakers are offering ownership-related value-added benefits on car insurance and warranty. Moreover, some manufacturers are offering free car accessories to ensure that you have a wonderful buying experience.
- Tension-free travel
Having your own car will give you a sense of security and peace of mind that you can travel anywhere without any stress. You will not be in contact with strangers, lowering your risk of getting COVID-19.
Now that you know the importance of owning a car, it is time to apply for a loan from a reliable lender. Mahindra Finance has a simple loan application procedure and requires minimal documents. It offers varied repayment choices, many options in car finance based on your needs, and up to 100% ex-showroom funding.
You can use the car loan EMI calculator available on the financial institution’s website to determine the estimated Equated Monthly Installment (EMI). Additionally, you can find out about the car loan eligibility criteria over there. So, log on to the Mahindra Finance website and apply for a loan now!