Category Archives: Commercial Vehicle

List of Things to Consider Before Buying a Two Wheeler


Considering the conditions of roads in India, buying a two wheeler is always a feasible option to go for. Not only it makes whipping through traffic much easier but also makes parking absolutely anywhere convenient. But before deciding on buying a new two-wheeler, the following is the list of things you should take into consideration.

Budget:

Top selling two wheeler motorcycles in India range between Rs 45000 – 50000. Although there are few international brands that sell bikes at the cost of Rs 1lakh and more. The bike you want to buy will totally depend on your affordability. If you have surplus wealth, you can buy your vehicle by paying the lump sum amount or else select the option of paying equal monthly instalments. Keep in mind that you are going to own the vehicle for at least next 5 years, it will also incur service and maintenance charges.

Model:

The model of the motorcycle is the most important factor to consider before buying one. There are sports bikes, cruisers and standard bikes. Choose one as per your comfort level. If you are a first-time rider, consider buying a second-hand vehicle and upgrade to the new one after getting a knack of riding. Also, mileage is another factor to look for; usually motorcycles start at the mileage of 80 kilometres per litre.

Financial deal:

After deciding on which model to buy, get your financial transaction done with your dealer. It is crucial to visit at least two or three dealers to avail the best deal. Also, do not forget to negotiate on prices as many sellers tend to give lucrative discounts.

Insurance:

As the owner of the motorcycle, it is mandatory to have a bike insurance policy by law. It not only protects you from all sorts of damages incurred by accidents but also takes up the liability for injuries caused to third parties. Many insurance providers have eased their insurance buying procedure by switching online to sell insurance policies.

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Commercial Vehicle Finance and its Importance


First of all, what are commercial vehicles? These are vehicles, like pick-up trucks, mini-vans, three-wheelers, etc., that are specially designed to transport cargo or paid passengers. These vehicles are engineered in such a way that they are able to take on both the smooth city roads and the tough rural terrain.

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Alright, so what significance do these vehicles have for a country India? Well, our economy is booming, mostly due to small and medium scale businesses. These businesses have seen a tremendous increase in their supply needs, this requires them to have commercial vehicles. Usually, these businesses need to purchase more than one commercial vehicle, which puts a lot of financial pressure on them and to ease this pressure, commercial vehicle finance comes in.

Commercial-VehicleThere are a lot of private and nationalized financial establishments that provide commercial vehicle finance. Most of them would first try and understand the need of your business and would then tailor make their loan to best suit the growth of your business. These loans are applicable on almost all commercial vehicle brands and unlike other vehicle loans, are disbursed fairly quickly. Many financial establishments tend provide loan of about 75-100% of the price of the commercial vehicle, thus, letting business owners focus on the growth of their business and not on running around to gather funds. Interest rates too tend to be on lower side, typically ranging between 10-20%. Most establishments also require minimal documentation and provide you with various flexible repayment options.

Small and medium scale businesses are the backbone of our nation’s economy. Pick-up trucks play a major role for cargo needs, whereas mini-vans and other vehicles are used as a means to transport people. These businesses along with their commercial vehicles will play a vital role in the economic growth story of our nation. Commercial vehicle finance will simply help such businesses prosper.