The modern automobile was born in the last decade of the 19th century. Steam and horse power ensured all forms of mobility. As an experimental mode of transport that was just taking its first steps, it had great novelty value, and owning one meant you had to have a lot of money. While the technology, comfort and safety have made great progresses, the price of a car, in terms of relative affordability, has come down a lot during the last century. Today, the automobile has become a necessity for most of us. The whole travel and transport industry relies on the motor vehicle. In the developed countries, and increasingly in the developing countries, vehicle ownership is shooting up as development and market economics go hand in hand. The range of cars available is huge – from cheap entry level cars, to luxury sedans, to the top of the line luxury vehicles. Financing options available today ensure that we do not need to pay the whole cost of car upfront, but avail of handsome financing schemes that break up the cost into installments payable over future months and years.
With dozens of car makers in the market and hundreds of models to choose from, owning a car has never been easier. Car financing is available from the car makers themselves, who offer loans in collaboration with some financing agency. Some financing agencies offer car loans even without such collaboration. In choosing a car financing scheme, the rate of interest is not the only factor to be kept in mind. One should take a look at the terms and conditions, the length of payout, one’s own future financial prospects, etc.
In this section of the webdirectory, we provide links to many auto financing options and financing agencies.