Acceleration Clause : A stipulation in hire-purchase agreements that upon default in payment of any one instalment, the full outstanding balance of the price shall immediately become due. The acceleration clause confers upon the owner the right, while keeping the agreement alive, to recover from the defaulting hirer the full unpaid balance of the hire-purchase [...]
The documents usually contained in the agreement booklet are:
Hire-Purchase Agreement
Schedule of Charges, Deposits and Rates
Irrevocable Power of Attorney
Promissory Note
FORM 20 for Registration of Vehicle
Certificate of Inspection
FORM 26 for Intimation of Loss or Destruction of Certificate of Registration and Application of a Duplicate Certificate
FORM 27 for assignment of new registration mark on removal of [...]
Budgeting is most important because the costs associated with owning or leasing a vehicle doesn’t end when the vehicle is delivered or the loan is paid off. In fact, possession is just one phase of the car cost-cycle. Costs, including repair and maintenance, gas, insurance, plates, taxes, and registration, can all [...]
Car rental is becoming very popular nowadays as it gives you a lot of benefits over other options as buses or cabs. You are able to move freely according to your own liking without worrying about place and time. However there are a couple of things that you should make sure while you hire a [...]
In case of loss or destruction of the RC Book (Certificate of Registration), the owner must inform the nearest police station and also inform the RTO with whom the car is registered.
A duplicate RC Book can be obtained from the RTO on submitting the Form No. 26 If the vehicle [...]
Most of the lending institutions finance up to 90% of the cost of the car, depending on the model of the car and the repayment period. Here are some popular schemes:
Margin Money Scheme
Under this scheme, you are required to pay margin money of at least 10% of the [...]
The Used Car Market has shown a steep growth and most financiers are looking at the industry that appears promising. With the used car prices spiraling downwards many people who would earlier have not consider the expense of owning and maintaining a car are now seriously considering buying one. [...]
Luxury car rentals are the way to go if you want to ride in style but also comfort and ease all at the same time apart form that it adds some excitement to your trip. Instead of renting a boring Toyota, van, or other vehicle you can rent a BMW, Jaguar, or some other luxury [...]
The eligibility and Clearance criterion for Auto Loans varies from one company to another. However, the following key parameters decide the amount and tenure of the Auto Loan
Loan to Value of the Car (LTV).
Age of the Borrower (There is a minimum and maximum age limit).
Tenure of the Loan.
Employment Period (balance [...]
Car rentals are very much in demand nowadays. Practically all countries and cities have car rentals that cater mostly to the tourists of the country. People visiting a different country, usually on business; prefer to rent their own cars instead of using public transportation when traveling from place to place. These are the people who [...]
| 1 | you drive your vehicle day & night? |
| 2 | burn fuel and spoil money. |
| 3 | lets write something on your bike or car. |
| 4 | at least you can  Spoiling money. |
| 5 | just now! |