Finance your new journey with a two-wheeler loan
Buying a new bike or scooter can be an exciting journey. However, financing can be a challenge if you're on a tight budget. Be it Honda Activa 6G or Royal Enfield Bullet 350, two-wheeler loans are an easy financing solution for those looking to buy a new car with EMIs. This article will discuss the advantages of getting a two-wheeler loan, the price range of two-wheelers in India, and how a two-wheeler loan EMI calculator can help you make an informed decision. Know about two-wheeler loans A two-wheeler loan is a type of personal loan specifically designed to help you buy a motorcycle or scooter. Financial institutions offer these loans to make it easier for buyers to afford a new car. Whether you want a stylish scooter for city commuting or a powerful bike for long rides, a two-wheeler loan can be a convenient financing solution. To get a two-wheeler loan, you need to meet the basic eligibility requirements and…
Reasons why you should choose a car loan to finance a new car
Buying a car is a major financial decision that requires strategic financial planning. By taking out a loan to buy a car, you can spread the cost over a period of time and keep your savings. Financing with a loan not only helps establish a good credit history, but also allows you to benefit from low interest rates. Here’s a list of reasons why choosing a car loan to finance your new car purchase may be a smart decision. Benefits of Financing a Car: The Right Choice for You Financing a car can make owning your dream car more attainable and manageable. Other benefits you can enjoy with a car loan include: Lower upfront costs Financing your car allows you to break the total cost into affordable monthly installments, rather than depleting your savings with a large one-time payment. This approach can be beneficial for those who may lack sufficient cash or choose to keep their savings. By getting a…
One in four Americans owe more on their car loan than
In the United States, more than 24% of new car transactions have negative equity, and that number is rising. One in five drivers with negative equity owes more than $10,000 on their car loan, according to an Edmunds study. Paying more than MSRP and lower trade-in values during the pandemic are hurting buyers trying to upgrade in 2024. U.S. drivers who take out loans to buy their cars are increasingly finding themselves with negative equity, with a disturbing amount now being owed more than $15,000 more than the vehicle is worth, according to a new study. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); According to Edmunds data, the proportion of U.S. drivers who had an inversion on their car loan when they traded in their old car for a new one rose from 23.9% in the second quarter of this year to 24.2% in the…
Trump says he’ll make car loan interest tax deductible
Donald Trump says he will make car loan interest tax deductible. Specific details are scarce, but it is believed the program will mimic the mortgage interest deduction. If implemented, the move could save borrowers money and encourage sales. The 2024 presidential election will go down in history as a time when we saw last-minute troop withdrawals, two assassination attempts, and a plethora of bizarre events. While the substance has largely been set aside, Donald Trump recently raised an interesting idea while speaking at the Economic Club of Detroit. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); In a speech that lasted nearly two hours, the former president said he would make auto loan interest tax deductible. Trump did not reveal specifics, but it sounds similar to the home mortgage interest deduction that has been around for more than a century. MORE: Trump now threatens 200% tariffs…
Rivian seeks new loan to kick-start $5 billion Georgia project
The brand's CEO said the Georgia factory is "an extremely important part of our strategy" go through Brad Anderson October 8, 2024 13:11 The automaker said it could be ready to start producing electric vehicles in Georgia in the fourth quarter of 2028. Rivian has previously received $1.5 billion in state and local incentives for the plant. Rivian said it would save more than $2.25 billion by initially producing R2 at its Illinois plant. Rivian is making progress toward restarting its long-planned manufacturing facility in Georgia and is applying for a federal loan to help facilitate further work at the plant. The electric carmaker originally planned to use the $5 billion Georgia plant to build its R2 series of models. However, it has since been decided that the R2 will initially be produced at the plant in Normal, Illinois in the first half of 2026, before moving to the Georgia plant. Rivian CEO RJ Scaringe said bringing R2 to market…
EVgo secures nearly $1 billion in government loan to take over Tesla charging business
The funding will be used to build approximately 7,500 new fast charging stations across the United States EVgo has received a conditional commitment from the Department of Energy for a $1.05 billion loan. The low-cost financing will allow the company to build approximately 7,500 new charging stations across the country. Many of them will be located in rural and low-income communities and “marginal areas overburdened by environmental impacts.” Tesla seems destined to solidify its status as the charging king as the automaker adopts North American charging standards and enters the Supercharger network. However, EVgo is fighting back with assistance from the U.S. Department of Energy. EVgo said the charging company had secured "a conditional commitment of loan guarantees of up to $1.05 billion (£800/€952m) of debt financing... to accelerate the expansion of its fast-charging network in community locations across the United States". The cost financing will allow them to build approximately 7,500 new fast charging stations across the country. More:…