The demand for SUVs has increased dramatically in India where hatchbacks have been the preferred choice of the car buyers so far.
Going the pre-owned way has become the popular choice among car buyers over the past few years. While new-car owners usually have to take a massive hit in terms of depreciation, going the pre-owned way reduces the impact substantially. While finding a used vehicle is easy, transferring its ownership and insurance documents can be an arduous task. This essentially entails ownership amendments to the registration certificate of the vehicle. To complete the process of transfer of ownership, the car must at least have a valid third-party car insurance policy, like an ACKO car insurance plan. You can go through the following insights to better understand the nitty-gritties of this process.
A family went out for a picnic in two cars, each of which was loaded with the family members only. Both were Toyota Fortuner of 2018 and 2019 model. The latest model of Fortuner had add-ons of Consumable cover and Zero Depreciation purchased under the Comprehensive Cover. On the other hand, Fortuner 2018 was a 1-year-old car covered with Comprehensive Insurance Policy only. On the way, a biker came speeding to merge in traffic and just a few minutes both the cars banged. The owner of the car filed claims to the insurer but there was a difference between the amount of settlement. Other than the variation in the extent of damages, the settled claim amount was different due to the Zero Depreciation Cover. Let us understand Zero Depreciation Car Insurance in detail.
New Delhi, Aug 23 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday announced that BSIV vehicles bought before Mar 31, 2020 will remain operational for their full period of registration.
Kolkata, Mar 25 (IBNS): Japanese automobile maker Honda, which has recently launched its first subcompact crossover, the W-RV, in India has received 4500 bookings in two weeks, said the CEO Honda Cars India Ltd at the launch in Kolkata.