subject: Planning To Buy A Car Soon? [print this page] In todays world, owning a car is not a privilege like it was a few decades ago. Its an absolute necessity. Automobile manufacturers make cars to cater to all segments of society. Buying a car is far easier then it used to be before. Today, banks offer all sorts of car loans and other financial support which make getting your dream car a much simpler and realistic goal. If you take a car loan all you have to worry about is the additional interest you will have to pay the bank for your loan. The amount of interest is based on things like credit history, the amount of your loan and the time frame within which you promise to pay of your loan in, also any other terms and conditions the bank has included in your loan. Also the scheme of EMI is very popular when it comes to buying things like cars as you pay a specific amount every month which would, within a period of time add up to the total amount you would have to pay. Even the EMI scheme works on the basis of interest. Keeping this in mind, itis no surprise why there is such a surge in the number of cars on the streets. Almost all international car manufacturers have set up their production plants in India, in order to reduce the cost of their cars. Also, car giants like Toyota, Chevrolet, Honda and Volkswagen have started manufacturing cars which are specifically made for the Indian market keeping in mind the Indian roads and the traffic scenario. This demonstrates the potential the Indian automobile market has and how all the reputed international car companies are trying to gain a strong hold of the market. The Indian automobile market offers such a wide variety of cars today, with each segment having so many cars to choose from. The newest segment in the market which is grabbing a lot of attention is the multi purpose vehicle (MUV) segment. These cars seat at least seven people and are mainly used by big families who travel around the city. An MUV is like an SUV in size and shape, however, the difference being MUV is do not have such a powerful engine as they are not meant for off-roading and hence are much cheaper than SUV.
Some of the multi utility vehicles in India are the Toyota Innova, the Mahindra Xylo and the newly launched Maruti Suzuki Ertiga. These cars are all moderately priced and are very feasible for a large family. Similar to an SUV, if you have excess luggage you can always fold up the last two seats which makes room for extra luggage.
by: Tanya Collins
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