Ganesh Chaturthi marks the onset of the festive season in India and is often considered as the best festival to purchase a car and embrace new beginnings. One of the reasons is that exciting Ganesh Chaturthi car offers and Ganesh festival car schemes start surfacing during the festive season.
If you’ve been eyeing a pre-owned car during the best festival to purchase a car in India, then this festive season may just be the right time. Read this blog as we delve deeper into the benefits of used car financing during the festivities and why a pre-owned car may be your best choice. Read on to know more!
Why Ganesh Chaturthi is the Best Festival to Purchase a Car
With the Ganesh festival marking the time for new beginnings, numerous devotees in India find it as the most auspicious time to purchase their own vehicle.
Here are some significant reasons making Ganesh Chaturthi the best festival to purchase your own car:
Cultural significance: Lord Ganesha is revered as the God of prosperity and new beginnings. This cultural significance makes it an auspicious time for new purchases, including the purchase of your first car.
Festive offers and schemes: With increased market demand, used car dealerships introduce limited-time Ganesh Chaturthi car offers and Ganesh festival car schemes during the festivities. Besides festive discounts, you can also enjoy affordable financing with festive loan offers. All of these converge to make the festive car purchase more rewarding.
Auspicious timing: Not only because of Ganesh Chaturthi car offers, but many devotees wait till the Ganesh festival to make big purchases to celebrate the auspicious timing.
Festive sentiment: There is also a tremendous emotional significance of making aspirational purchases during the festive season in India. This is yet another reason making Ganesh Chaturthi the best festival to purchase a car.
Why a Pre-owned Car is a Smart Choice This Ganesh Festival
With Ganesh Chaturthi being the best festival to purchase a car, there are certain benefits of opting for a pre-owned car over going for an overly priced brand-new vehicle.
Here are the key benefits of buying a pre-owned car making it a smart financial decision.
Budget friendly: Used cars are inherently priced lower than new cars, allowing you to get a vehicle of your choice without having to extend your budget.
Lower Depreciation: The depreciation rate of used cars is much lower than that of new cars, leading to better value retention and resale.
Value for money: A second-hand car allows you to get high-end models or extra features at a reasonable price.
Ideal for first-time buyers: If you’re a first-time car buyer then a pre-owned car might be a better choice due to practical and cost-effective entry into vehicle ownership.
Benefits of Used Car Loan During Festivals
A Pre-owned Car Loan can be the key to turning your dreams into reality, aligning perfectly with the festive spirit of new beginnings and opportunities.
Here are the benefits of getting a used car loan:
- High Loan Amount: A Pre-Owned Car Loan offers a high loan amount, allowing you to get up to 100% of the car’s value in certain cases.
- Minimal Paperwork: Minimal documentation allows you to invest in choosing the right car and avoid getting caught up in hefty paperwork.
- Flexible Repayment Tenure: Getting a loan allows you to choose tenure based on your financial capabilities and preferences.
- Competitive Interest Rate: With competitive interest rates, a second-hand car loan can keep your monthly payments affordable.
- Quick Approval: Most used-car loans come with a quick approval process so that you can take your dream car home before Ganesha’s arrival.
Also Read - Loan For Used Cars: Here’s How You Can Get it Easily
To Conclude
The auspicious occasion of Ganesh Chaturthi in India marks the start of the festive season and is often revered as the best festival to purchase a car. The cultural significance associated with this festival and the availability of Ganesh Chaturthi car offers during the festivities makes it even more lucrative time to purchase your dream vehicle.
Considering the significant benefits of a used car over a brand-new vehicle, this festive season can mark new beginnings for you. Poonawalla Fincorp offers a Pre-owned Car Loan of up to ₹75 Lakh at attractive interest rates with minimal documentation, quick approval, flexible repayment tenure, and no hidden charges. Get up to 100% of the car’s value and drive home your dream car this Ganesh Chaturthi without worrying about finances.
Frequently Asked Questions
Which is the best festival to purchase a car in India?
With Ganesh Chaturthi marking the start of the festive season in India, it is often considered as the best festival to purchase a car. This festival also has tremendous cultural significance making it an auspicious time to buy a vehicle.
Is there any benefit of a used car over a brand-new vehicle?
Purchasing a second-hand car over a brand-new vehicle offers certain benefits including greater value for money, lower cost of acquisition, better value retention etc.
Can I get a loan to purchase a used car?
Yes, you can definitely finance the purchase of a used car with a Pre-owned Car Loan from reputed banks and NBFCs in India.
What is the maximum loan amount I can avail with a used car loan?
Depending on various factors such as your creditworthiness and lender’s internal policies, you can get a second-hand car loan of up to ₹75 Lakhs.
Can I get a 100% loan-to-value for a used car loan?
With Poonawalla Fincorp, it is possible to get up to 100% loan-to-value for a used car with our hassle-free Pre-owned Car Loan.
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Loan disbursal is at the sole discretion of Poonawalla Fincorp.
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