Vehicle finance is the Company's largest business of Ciffund Investment & Finance Company Limited (CIFCL) accounting for over 80% of assets. The Company offers finance for a range of vehicles, including Heavy and Light Commercial Vehicles, Multi Utility Vehicles, cargo three-wheelers and cars. Traditionally, Ciffund has financed the acquisition of commercial vehicle and cars, while passenger cars account for a small proportion. The Company has now begun to utilize the rising demand for three-wheelers, a segment in which the Company is a market leader in India.
Over the years, Ciffund vehicle finance business has built significant strengths, namely strong distribution with presence in 120 locations, major product presence and strong credit and recovery systems, marked by customer service excellence.
Approaching the purchase of a new car can be both an exciting and a daunting experience. The thrill of considering a new vehicle in which to commute, run errands, and simply let loose on the road of life can bring a lot of positive images and ideas to mind, but the high costs of automobiles means that there are typically financing considerations to be made before a new car or truck can be driven off the lot. A number of options exist for the modern car buyer, whether the object of sale is a new or used vehicle, is associated with a special period or type, or has any number of esoteric attributes when it comes to seeking financing. Frequently, car buyers may choose to work with the sellers themselves or with dealerships to arrive at a workable financing solution, but this is not always the best choice. Consulting with a vehicle finance broker is an excellent way to ensure that the maximum value is obtained with a minimum of hassle and needless expense.
Company Vehicle Leasing
Company vehicle leasing can offer many wonderful benefits for any type of business. It is often more cost effective and it allows them to have late model vehicles all the time. There are always newer models that come along with great features that a business will want to take advantage of.
Company vehicle leasing means you will have a great warranty in place as well. Should there be something wrong with the vehicle during the warranty period then it is going to be taken care of by the company. Either they will fix the vehicle or they will offer another one to replace it. Most leases also cover the vehicle should it be involved in an accident by a licensed driver of your business. Therefore you don't have to worry about a loss when something like that happens.
Motor Vehicle Finance
Zooming around town or to and from work or school in a new or used vehicle -at any rate, in something far more agile and enjoyable than your last mode of transportation-- is a joyous experience that can provide a great deal of convenience and even entertainment for busy motorists. But choosing an unwise or inappropriate financing option for a new or used vehicle can seriously detract from the enjoyment of the drive.
The world of finance, particularly when it comes to automobiles, can be confusing, and some car buyers work with the first option they're offered in an attempt to bypass the frustration and fine-print. But taking the time to understand the different types of motor vehicle finance available, including the situations in which they work best and the time commitments involved, can lead to an experience that's hassle and worry free -both now and in the future. Individuals are likely to primarily encounter two basic financing options, either through a broker or directly from the party selling the vehicle.
A consumer car loan is a very popular choice and is widely used when the individual is using the vehicle for personal purposes. A consumer car loan considers the vehicle itself as the security for the loan. This type of loan comes with a number of terms including the basic interest rate, establishment fee's, monthly fees and discharge costs. It's important to ensure that all fees are disclosed prior to signing an agreement for a consumer car loan. It is imperative that you feel comfortable and understand what you are signing up to. |
