Category: Automobiles

The pre-owned car market in India has been growing thanks to the aspirational value of cars and the easy availability of secondhand car loans. The affordability of used cars makes them ideal for small families looking to purchase their first four-wheeler.

In a metropolis like Bengaluru, the demand for four-wheelers has always increased. After some research to find the best car for you and a quick look at any online secondhand car loan EMI calculators available, you could be on your way to booking the car you want.

 Used Car Loan

Easily Available Financing Options

Many buyers favor a secondhand car loan, given the easy means of repayment and tax benefits. Banking and financial institutions with attractive interest rates make your purchase much more effortless. You don’t need to wait until you save money for a used car anymore.

While a competent secondhand car loan interest rate could be around 15%, you can determine the best available interest rate based on factors such as the car you are buying, your income, and loan eligibility. It is best to obtain a loan from a trusted financial institution so that all the information is available up-front and there are no hidden charges you have to worry about later.

For calculating your Easy Monthly Installments or EMI, you must note how soon you want to pay off your loan and the amount you can pay each month. You can then decide if you will pay a fixed amount each month through a revised EMI plan or enjoy the flexibility to change your monthly EMI with a structured EMI plan. A secondhand car loan EMI calculator will show you the available options.

used car loan eligibility before loaning. Such institutions are recommended since securing a loan through untrusted sources could be detrimental in the long run.

Here are some criteria that you must fulfill to be eligible for a secondhand car loan:

  • It would help if you fell under the 21-to-65-year age bracket.
  • If you are a salaried person, your monthly income should be at least 20,000; if you are self-employed, your annual income must be above 2 Lakh.
  • Stability is an essential factor for getting a secondhand car loan. It would be best to be employed for at least a year or have a stable business running for at least three years.

secondhand car loan. They are mentioned below and can be used as a checklist during the application process:

  1. A photo identification (Aadhaar Card, Passport, Driving License, Voter’s ID, or PAN card)
  2. Proof of address (Utility bills, Passport, Ration Card, Property Documents, or Tax Receipts)
  3. Proof of Income (Bank statement for the past three months and salary slips for the same period if you are a working professional, IT returns)
  4. A copy of the vehicle’s Registration Certificate
  5. A copy of your telephone or mobile bill
  6. A copy of your signature along with proof

Don’t Let Financing Stand in Your Way

The comfort and security of a car for a small family are unparalleled. Whether you are the owner of a two-wheeler looking to upgrade, purchasing your first car, or even buying a family member a car to practice driving on, a used car will fulfill your purpose while being easy on your pocket.

Self-financing is no longer the only viable option for purchasing a used car. A bit of research to find the most suitable and trusted financial institution could see you driving away in the vehicle of your dreams sooner than you think.

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A review of the Ford Raptor, one of the best SUVs in the world. The Ford Raptor is the world’s first SUV to be offered with three rows of seating and a third row that can fold up flat, making it a better option for families than the competition. But for those looking to buy a Raptor, you’ll need to be prepared to pay a lot. The Ford Raptor is an American off-road performance SUV manufactured by Ford. It was introduced at the 2017 Detroit auto show and was released to the public in May 2017. The Ford Raptor is Ford’s first SUV based on the F-150 truck chassis.

Ford Raptor

The Ford Raptor has been called the best SUV in the world by the Guinness Book of World Records, and it’s time to find out why. We take a look at the vehicle itself, as well as its performance, safety, and comfort. Plus, we dive into some of the best features of the Ford Raptor. A few years ago, I bought a used 2007 Ford Raptor. It was the best SUV in the world for $60,000! Ford built it and had all the latest tech, including a sunroof, power windows, and even heated seats and steering wheel! So what happened? Today, Ford released the 2020 Raptor, and it is now the best SUV in the world for $60,000! How come? The 2020 Ford Raptor has a 6.2-liter V8 engine, and the new Ford F-150 has a 6.6-liter V8 engine.

What is a Ford Raptor?

A Ford Raptor is an American off-road performance SUV manufactured by Ford. It was introduced at the 2017 Detroit auto show and was released to the public in May 2017. The Ford Raptor is Ford’s first SUV based on the F-150 truck chassis. The Raptor is a sport-utility vehicle, and it is designed to provide a rugged off-road driving experience. It is available as a two-door, four-door, or five-door model. Raptors come in short- and long-wheelbase versions and have seating for up to five people. They have a high ride height and a wheelbase of. Three engines are available: a 2.3L turbocharged four-cylinder engine, a 3.5L V6 engine, and a 3.5L EcoBoost V6 engine.

Ford raptor specifications

This SUV has a 5.0-liter V8 engine that produces 416 horsepower and 390 lb-ft of torque and features all-wheel drive. This means the Ford Raptor is built on an F-150 truck. It has a standard towing capacity of 6,800 pounds. Ford Raptor can climb almost any terrain with its off-road tires and suspension. It has a ground clearance of 11.2 inches and a maximum speed of 62 miles per hour. It has four-wheel drive and has several safety features such as ABS, traction control, stability control, hill-start assist, and front, side, and curtain airbags.

Ford Raptor Performance

A review of the Ford Raptor, one of the best SUVs in the world. The Ford Raptor has been called the best SUV in the world by the Guinness Book of World Records, and it’s time to find out why. The Ford Raptor is the first SUV built on the F-150 chassis and features a long list of standard equipment. The Ford Raptor comes with a 2.3L EcoBoost four-cylinder engine, capable of producing up to 400 horsepower. The Ford Raptor is a heavy-duty SUV and features a frame made of high-strength steel. The front suspension is made of coil springs and shocks, and the rear suspension is made of coil springs. It’s also equipped with air suspension, a standard feature on the Ford Raptor. The Ford Raptor is fitted with a multi-mode Terrain Management System. It allows the driver to select six modes, each with its terrain management system settings. The driver can choose between Mud/Muck, Sand/Grass, Snow/Ice, Rock, Mud/Ruts, and Rock/Haul.

Ford Raptor Release Date

A review of the Ford Raptor, one of the best SUVs in the world. The Ford Raptor is an American off-road performance SUV manufactured by Ford. It was introduced at the 2017 Detroit auto show and was released to the public in May 2017. The Ford Raptor is Ford’s first SUV based on the F-150 truck chassis. The Ford Raptor has been called the best SUV in the world by the Guinness Book of World Records, and it’s time to find out why.

Why should I buy a Ford Raptor?

There are several reasons why the Ford Raptor is the best off-roader on the market. It has a 4.6-liter V8 engine that produces 400 horsepower and 553 lb-ft of torque. This powerful motor is mated to an eight-speed automatic transmission and all-wheel drive. Ford claims that the Raptor is capable of 0-60 miles per hour in just 5.4 seconds and has a top speed of 130 mph. This makes the Ford Raptor the fastest SUV on the road. It’s also the most rugged and versatile SUV in the world. It can go through mud, snow, sand, and rocks. It can climb and crawl, and it can go up steep inclines. The Ford Raptor is also the most affordable luxury SUV on the market. It costs only $60,000, and this is without any add-ons. All of this combined makes the Ford Raptor the best SUV in the world.

Frequently asked questions about Ford Raptor.

Q: What’s the coolest thing about Ford Raptor?

A: The cool thing about the Raptor is that it’s a high-performance truck. They are strong, a sturdy vehicle that is built to last.

Q: What’s your favorite aspect of the Raptor?

A: My favorite thing about the Raptor is its performance. It’s unlike a typical pickup, which goes and gets you where you need to go. The Raptor has gained power and is very capable on the road.

Q: Who is your favorite celebrity or athlete who rides in a Ford Raptor?

A: I like the guys from band 311. They ride their Raptors and rock the truck with a great attitude.

Myths about Ford Raptor

1. Ford Raptor has a turbo diesel engine.

2. Ford Raptor is a diesel truck with an automatic transmission.

3. Ford Raptor uses the Ford Taurus engine.

Conclusion

As a Ford owner, I’ve had the privilege to drive this vehicle. I went on a track day once. I’ve also driven many different SUVs, and I have to say that the Raptor is by far the best one I’ve ever tested. It’s super fun, too, has the amazing off-road ability, and feels like nothing else on the road. I’m glad I could get my hands on one to test out. I hope you enjoyed this review.

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Buying a used car from a used car dealership can be quite an intimidating decision. As it is a significant financial commitment, you need to do a lot of homework well ahead of time. You have to analyze what you are buying, what protections you have, and how much you are required to pay for it over its lifetime.

To get the best-used car with a profitable deal, ask the following questions from your dealer before signing on the dotted line –

Used Car

Q1: Does the car fit my requirements?

The majority of car buyers make a decision based solely on the appearance or brand of the car. They buy a car that looks good on the outer side and fails to recognize their long-term needs and lifestyle changes.

That is why it is vital to figure out your purpose of investing in a second-hand car and then express it to your dealer. Only then the car dealership would suggest the model suited best to your preferences and requirements.

Q2: Where was it purchased from?

It is crucial to ask for the car’s vehicle history to ensure that you will not end up with a dead investment. You need not necessarily get into the owner’s name and address but need to see the maintenance records at the least.

You have to be a little more aware in case the car was bought at an auction. Double-check if the vehicle has ever been inspected by a specialized mechanic since then and duly fixed by him to avoid future problems.

Q3: What are the prominent features?

Depending upon where you live and where you drive, you need to consider the car type with the technology you want. You may need a four-wheel-drive or other advanced safety system but keep in mind that you will be paying for every little add-on in the vehicle.

Besides, there may be different terms for features by different automakers. So, it is recommended to get clarity on them to avoid any buying mistakes.

Q4: Is it under a warranty cover?

Warranty is another critical factor to consider when buying a car. It shows how much trust the automaker has in the quality of the vehicle. However, you have to know what a vehicle’s warranty covers before buying.

That way, you wouldn’t have to bear or get surprised by the unwanted repair costs till warranty coverage is valid.

Q5: Do you offer test drive and door-step delivery services?

It is hard to believe in the seller or dealer’s claims until you test drives the car yourself. That is, you should ask your car dealership to let you take a drive in the car in an environment that you normally drive in to gauge its actual performance.

Also, confirm if you would be required to make arrangements for picking your second-hand car or the dealership would do that for you.

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Buying a car is an expensive investment that has to be well-thought before making. It is one of the expenses that bring an individual with the average income in jitters. For them, buying a used car seems the most feasible option. Investing in a used car is a wise decision for those who are unwilling to spend much or are new drivers on the road. But this deal can prove to be a foolish move for some, especially with the ones lacking desired knowledge.

Even if you head out to buy a used car, remember that you have to spend high costs on it, and every penny you spend should be worth it. Here are some tips recommended by experts to help you buy a used car that fulfills your requirements without breaking the bank –

Used Car

Know your needs

The first step is to evaluate your needs and then consider the kind of car that will suffice them. You would see many fancy options available in the market, but it is better not to get enticed by them. Rather, do a detailed assessment of your lifestyle and consider the driving conditions that you generally encounter. Not every car is suited for all situations. For instance, considering buying a two-seater car is not a good option if you have a family of four members.

Set your budget

After assessing your needs, set a realistic budget in your mind that you can spend on buying a used car. Used vehicles are indeed available at cheaper rates, but cheap is not always the best. Used cars demand a little extra attention with each passing day. The amount you might need to shell out on new tires, maintenance, and other reconditioning aspects should also be considered to help you set a realistic budget.

Research

Considering the budget in your hand, do detailed research on the various available options within that range. Also, figure out the alternatives that you may want to consider. Read consumer reports and automobile magazines to check the reviews for all the vehicles you consider and make a detailed comparison.

Contact the right dealer.

Car dealers have a habit of exaggerating the actual condition of the car. Before you finalize the deal, make sure you shop around and consult at least 2-3 different dealers to calculate the unique benefits each one offers. A reliable car dealership would provide you with the details of the car’s actual maintenance history, so you don’t end up buying the wrong option.

Take a test drive

Make sure you take a test drive for each option shortlisted to see how you feel about it and how it performs. Take a few rounds and check all the car’s primary features like smooth accelerator, emergency brakes, efficient air conditioners, signs of leakage, etc. Check the exteriors for any rust signs or paint overs. Ensure that the upholstery of the car is comfortable and is in a well-maintained condition.

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VADODARA/NEW DELHI: UM Motorcycles has opened its eleventh dealership in India – UM Vadodara in Vadodara, Gujarat. Spread over an area of approx. 2100 sq ft, the dealership facility has a showroom integrated with an after-sales service facility to ensure that the customers receive pre-and post-sales ownership experience.

Rajeev Mishra, Director UML, said, “The Vadodara dealership represents UM Motorcycles’ second dealership in the state of Gujarat, with the first being in Surat. It underlines the importance UM Motorcycle accords to the market of Gujarat. The state has emerged as a robust market in the Western region for cruiser bikes, and the opening of this showroom is a testimony to this fact.

UM Motorcycles

Mishra further added, “We are confident that this state of art showroom will be able to fulfill the aspirations and needs of our customers with our amazing products and fabulous services. This dealership will house our flagship products like Renegade Commando and Renegade Sports S). The prospective customers of UM Motorcycles in Vadodara will be able to discover our products up close and personal at this new dealership.

We welcome UM Motorcycles here in Vadodara, the cultural capital of Gujarat. In this world-class facility, the entire range of UM Motorcycles along with UM merchandise will be available for sale. It is our commitment to provide unprecedented sales and service experience to all the customers of UM Motorcycles,” said Mayank Jain Proprietor Viraansh Automobiles. Through this new dealership, we will try to meet the demands of the rapidly growing UM Motorcycle enthusiasts in Vadodara. I consider it a privilege to represent UM Motorcycles in Vadodara,” added Jain.

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Gridlock in India’s cities has reached dangerous proportions. The average speed of traffic going through the city center in Bengaluru during peak hours was recently clocked at just 10 km per hour. Commute speeds in Mumbai and Delhi are often worse. In the big Indian cities, two solutions — metro rail and taxis — offer relief. As more people squeeze into metros, road traffic density under metro-elevated structures and on surrounding feeder roads appears to have fallen. This makes sense. Many metro riders own private vehicles on the roads, decongesting traffic along their entire route.

The problem is that not everyone in the big cities can travel by Metro. The sprawl in India’s cities is so vast that even when all future lines of current metro projects are operational, the majority of a city’s residents will be more than a mile from the nearest metro station. This last mile problem — of getting to and from a metro station at both ends — is a serious one.

Automobiles

How it works out

This brings us to cars. Automobiles remain the best solution for all-weather end-to-end transportation, but they are getting increasingly expensive to buy and maintain. City driving is no longer pleasurable, and driver anxiety is on the rise. Hiring chauffeurs is not a cost-effective option either. Families that hire drivers chafe at under-utilized chauffeurs and sometimes make unnecessary trips causing additional gridlock and burning needless fuel.

The answer may well be for consumers not to use private cars but rely extensively on taxi services, again like in the world’s big cities. A simple cost-benefit exercise can help make such a case. To test this hypothesis out, I took ten Uber trips in Bengaluru over a two-week period, at different times during the day. Some were individual rides; others were pooled. My average cost was 12.25 ₹/km. For simplicity, I disregarded the only other cost — internet fees to book and pay for travel.

Now, consider the case of two families, both of which commute 2,000 km a month. One family owns two cars and employs a driver for each car; the other family exclusively uses taxis. Assume the initial costs of the cars to be ₹6 lakh each and that both cars will be sold after 7 years, at zero residual value. Also, rather than calculate finance costs, let us compute the opportunity cost assuming that the family pays cash for both vehicles.

At 7 percent interest per annum, a ₹12-lakh FD would yield ₹84,000 in interest, an opportunity cost of ₹7,000 per month. At an average operational cost of ₹8/km — fuel, maintenance, taxes, and insurance — the 2,000 km of driving each month would cost the family ₹16,000. Factor in the two additional full-time drivers (₹24,000 a month), and the car-owning family will spend ₹47,000 in monthly transportation costs.

The taxi option

For the family that uses taxis, the monthly outlay would be just ₹24,500, saving 48 percent over the car family.
Plus, it never needs to pay for parking. Improvements in in-app functionality and the deployment of thousands of taxis mean that cabs these days arrive at their pickup point often faster than the time it takes for a parked car to be driven out into the street.

Even if the car family doesn’t hire drivers, throwing the comparison off because taxis come with drivers, the car family spends ₹23,000 a month, only slightly less than the taxi family. If Indians in the big cities slowly begin to think in this manner, they could buy fewer new cars in the future. Families will continue to have their existing cars parked in garages but will start severely limiting their use, perhaps to pleasurable, long-distance drives or emergencies only.

This, in turn, would have serious consequences for India’s manufacturing and service economy. True, taxi companies will continue to encourage their drivers to buy new cars, but this volume pales compared to domestic retail buying. AP reported in early September that John Zimmer, co-founder of the ride-sharing company Lyft wrote in an essay that “personal car ownership in the US will come to an end because autonomous rides (self-driving Lyft cars) will become a cheaper way to travel than owning an automobile. With India’s vast labor pool and complex traffic patterns, self-driving cars are unlikely to make an entry on Indian roads anytime soon. But Zimmer’s prediction that personal car ownership will fall may turn out to be true in India as well.

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Domestic sales of automobiles were on the growth path last month (October). Most of the major players in different segments logged growth over the corresponding month of the previous year, and experts confident the trend is expected to continue. However, the lower exports dragged down the overall sales of major players in the passenger car segment.

Passenger cars and two-wheelers sales continue to grow. This is backed by positive customer sentiments and better in-hand cash flows to support their discretionary spending. Overall we should see good growth this year in all the vehicle categories,” said Abdul Majeed, Partner- Price Waterhouse and an auto expert. According to him, medium and heavy commercial vehicles will bounce back once the demand for freight movement picks up.

India’s largest passenger car maker Maruti Suzuki India Ltd said it closed last month selling 133,793 units (domestic 123,764 units, exports 10,029 units) against 134,209 units (domestic 121,063 units, exports 13,146 units) sold during October 2015. The company saw sales decline in its mini (Alto, WagonR), compact (Swift, Ritz, Celerio, Baleno, Dzire), super-compact (Dzire Tour), and van (Omni, Eeco) segments. Still, on the other hand, sales of its utility vehicles (Gypsy, Ertiga, S-Cross, Vitara, Brezza) zoomed to 18,008 units last month, 9,435 units sold in October 2015.

Automobiles

Similarly Hyundai Motor India Ltd said it sold 64,372 units (domestic 50,016 units, exports 14,356 units) in October, up from 61,701 units (domestic 47,105 units, exports 14,686 units) sold during October 2015. With a highest-ever domestic volume of 50,016 units, Hyundai registered record cumulative sales of 64,372 units in October 2016. Hyundai achieved the highest and fastest domestic sales of 50,000 units mark within 15 months from the earlier milestone of 40,000 units,” MD and CEO Y.K.Koo was quoted as saying in the statement.

Nissan Motor India reported domestic sales of 6,108 vehicles versus 3,246 units sold in October 2015. On its part, Tata Motors Ltd said it sold 16,311 passenger vehicles, up from 12,747 units sold during October 2015. Tata Motors closed last month with a total sales of 52,813 units against 43,486 units sold during the corresponding period of the previous year. A smaller player in the Indian car market, Volkswagen Passenger Cars India, sold 5,534 units last month compared to 3,255 units in the previous year.

In the two-wheeler segment, high-capacity motorbike maker Eicher Motors Ltd increased its sales volumes by 33 percent to 59,127 units compared to 44,522 units sold during October 2015. The bulk of the sales for Eicher Motors came from two-wheelers with engine capacity up to 350 ccs (55,188 units), while vehicles with more than 350cc engine capacity accounted for 3,939 units sold last month. Commercial vehicles major Ashok Leyland sold 12,533 units, up from 9,803 units sold in October 2015. The other major commercial vehicle player Tata Motors logged 15 percent growth selling 30,169 units last month.

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Aurangabad: A research scholar Pierpaolo Carlone from Salerno University, Italy, inaugurated a one-day workshop organized by the Maharashtra Institute of Technology (MIT). He shared his insights on different developments in the field of polymer composite materials. Adding to the importance of this product, he said that Polymer composite materials enabled the automobile industry to beat the competition with pricing.

While addressing the students, Carlone said that the current research in polymer composite materials might double the efficiency of automobiles. He said, “Polymer composite material is the latest development in the field of material science. The polymer is used in automobile industries due to its properties like a lightweight with high strength but low cost at the same time. The excellent combination of desired properties has made polymer one of the most effective raw materials.

Italian automobile researcher addresses MIT students 9

A teenager writes fiction on farmer suicide.

A class X student, Ganesh Aithal, has penned down a fiction book, ‘The Drought Within’ on farmer suicide, giving a positive message that such unfortunate incidents can be avoided if farmers avail themselves different welfare schemes of the center and the state. The book describes few positive-minded people who can ensure the prosperity of farmers with determined action taken towards different government schemes. The book was published a few days back, and it is available for online sale.

Maharashtra Education Minister Vinod Tawde has also appreciated the book. Ganesh said, “The issue of farmer suicide has stirred me from within and compelled me to write a book. He said, “It said it is depressing to hear about such incidents. In an attempt to put me in the shoes of the people living in adverse conditions, I wrote this book. Though the characters are fictional, I have tried imagining them in real-life situations. I have noticed an equal number of people trying to solve the situation through honest social work.

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Car purchase and servicing platform BookMyTime has acqui-hired car management startup Servicemykar, according to a press statement. Raghavendra Chandrappa founded Servicemykar. The 10-member team of Servicemykar, as well as CEO Chandrappa, will become a part of BookMyTime. With this acquisition, we are ready to expand our operation in terms of service and geography,” said Raghuram Kote, founder of BookMyTime.

The BookMyTime app provides the user with price comparisons of cars and servicing requirements such as providing details of puncture shops and round-the-clock towing services. The company, which is currently present in Bangalore, claims to have partnered with more than 182 authorized dealers for servicing and 110 dealers for new cars. In the automobiles space, online classifieds firm Quikr has acquired Step, a platform that connects vehicle owners with service providers nearest to them, in September.

Servicemykar

Before that, Girnar Software Pvt Ltd, which owns CarDekho.com, Gaadi.com, and Zigwheels.com, has acquired roadside assistance (RSA) provider help Wheels Pvt Ltd in an all-cash deal in April. The automobile marketplace and repair segment has seen a lot of investor interest recently. In September, Deepak Nathani, co-founder of technology consulting firm Cybage Software Pvt. Ltd acquired a 20% stake in automotive services startup Demyto for an undisclosed amount.

In May, Bengaluru-based Let’s Service raised angel funding from QuEST Global chief operating officer Ajay Prabhu and Julia Computing Inc. co-founder Deepak Vinci. The firm provides services for a bike- and scooter owners at authorized service centers. The same month also saw Mumbai-based MotoMojo secure angel funding from the founders of startup enabler VentesAvenues. The firm connects owners of two- and four-wheelers with service stations through its mobile app.

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NEW DELHI: The country’s top two carmakers Maruti Suzuki and Hyundai, said they sold over 45,000 units on Dhanteras. Maruti Suzuki India Ltd and Hyundai Motor India Ltd (HMIL) reported good sales on Dhanteras, considered auspicious for making new purchases. This Dhanteras, the customers have made heightened purchases with deliveries of 15,153 Hyundai cars, a growth of 26 percent over last year.

 

HMIL Senior Vice President Sales and Marketing Rakesh Srivastava told PTI. He further said: “We expect to have 50,000-plus deliveries for the full month, making this festival season the best in the last couple of years. Good monsoons, better consumer sentiments, and the 7th Pay Commission award have fuelled demand for automobiles. Stay updated on the go with the Times of India News App. Click here to download it for your device.

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