Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply
Quick Links for loans
Quick Links for Insurance
Investment
Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Vehicle > GST Just Made it Cheaper to Buy the Car You Were Waiting For

Loan for Vehicle

GST Just Made it Cheaper to Buy the Car You Were Waiting For

GST Just Made it Cheaper to Buy the Car You Were Waiting For

If you have been waiting to buy a car for some time now, then GST has been a harbinger of good news for you. Broadly speaking, most cars are expected to become slightly cheaper after the GST implementation.

Know More About Used Car Loan

As of today, there will be a standard GST of 28% on all vehicles irrespective of make, model, engine capacity or body type. But over and above this 28%, there will be and additional cess levied depending on the segmentation of cars (ranging from 1% to 15%). This effectively means a reduction of 2-3% for small & compact cars. For larger cars, the tax reduction ranges from 1.7% to whopping 12%.

So all in all, chances are high that whatever be the chosen car, it would seem some prices cuts.

Therefore, it makes sense for you to grab this opportunity and buy that car. If you wait longer, it’s possible that automobile companies might increase the prices if raw material or other input costs increase. And if you don’t have the money with you for the car, then there is always help at hand in form of car loans.

Car financing companies like Tata Capital offer up to 100% of the ex-showroom price of the car as loan. Repayment is also available for up to 5 years. So if you don’t want to burden yourself too much with the loan repayment, then you can opt for a longer tenure. For example, if you take a vehicle loan of Rs 6 lakhs for 3 years, your car loan EMI would be about Rs 20-21,000. But if this doesn’t seem to fit your monthly budget, you can easily opt for a 5-year tenure with an EMI of Rs 13-14,000.

So GST has come as a blessing in disguise for those who were just on the verge of buying their new cars. And with affordable financing options easily available, there is no point delaying the decision to buy a car now.

Apply Now
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.