Dear Saurabh ji,
Hi, hope doing great
Sure, happy to assist !!
1.
Car Loan Car Loan Interest rates in floating are dynamic in nature.
As interest rates have almost bottomed out in 2021 and inflation a concern - its expected that this soft trend of interest rates will reverse in 2022 and in coming years. So - recommendation for you is
a) If loan horizon going to be 3 yrs then basis existing 40 bps differential in between SBI and PNB - it may still be worth to take chance with PNB
b) However, if loan horizon going to be 5 yrs or even higher 7 yrs then recommend to lock in rates with SBI and opt in with 7.25% for better peace of mind. Do note that existing 7.25% rates are at its historic lows in SBI and is unprecented.
2.
Add on Insurance: Some recommended must add on covers are :-
a) Zero Depreciation : Covers depreciation aspect on plastic, paint and rubber parts
b) Engine Protection : Covers engine damage due to oil leak or water ingress
c) Key Loss Cover : Considering Hefty cost of Car Keys in present times where if key lost can cost in rs 15000 and low premium of just 400 to 500 approx - recommended to opt for cover.
Rest based on risk appetite may consider
a) Return to Invoice : covers car at 100% On road price as new car are prone to theft, as against regular insurance which is done at 95% of exshowroom price as IDV
b) Consumable cover : covers consumable items like nut, bolts, seals, fluids if required to be replaced due to accidental damage
May read more on
Car Insurance add on covers
3.
For Bharat Series: 2 Factors which depends
a. Are you in transferrable job or plan to relocate to other location
b. Are you saving in going with BH Series number plate (on 15 yr cycle) as against state level number plate
If answer to it is yes then should opt for same
You can compute Road tax on
>
Bharat Series Car Tax Calculator
>
Pune Road Tax Calculator
4. Accessories Packages are not recommended.
Generally is seen that accessories are priced at premium over dealer counter but still some accessories
> which involve Wiring work
> Chrome Accessories (as after market chrome accessories are mostly of mediocre quality)
are recommended to opt from showroom
PPF is pretty expensive treatment - may cost to tune of 1.5 Lakh to 2 Lakh for a car like XUV700
Ceramic - well you need to be specific on why going with Cermac, what exact is your expectation towards Ceramic - as Ceramic life varies basis number of coating and dont expect to offer protection against dirt
5.
PDI Checklist : Pls refer
Car PDI Checklist
Hope should help !!
