How to select the ideal family car in India with a car loan

Meet Ramesh, a father of two. With a busy career and an equally bustling household, Ramesh and his wife, Sunita, have realised that their two-wheeler just isn’t cutting it anymore. Whether it’s school runs, weekend getaways, or simply accommodating their growing children, they need a vehicle to keep up with their evolving needs. Like many Indian parents, Ramesh is now in the market for the ideal family car that offers safety, space, and comfort—all without breaking the bank.

But with so many options available, how do you decide on the best car for your family in India? And once you’ve made your choice, how can you finance it in a way that fits your budget? Let’s understand this better.

Tips for choosing the ideal family car in India
 

Consider your family's growing needs when you are in the market for the ideal family car. Here are some tips to help you make a conscious choice –

• Determine your budget

A realistic budget will narrow your options and ensure you’re not stretching your finances too thin. While a higher-end vehicle may offer more features, choose a car that fits within your means.

• Consider the number of passengers

Your choice will also depend on the size of your family. If you have a large family, an SUV or a multi-purpose vehicle (MPV) might be your ideal family car. These vehicles often have flexible seating features to accommodate more passengers or cargo as needed.

• Evaluate the cargo space

A family car should have enough space to carry your family’s belongings comfortably. Look for cars with enough boot space for your kids’ school bags, sports equipment, or groceries.

• Fuel efficiency

With fuel costs rising, you will need a car with good fuel efficiency. It will not just save you money in the long run but reduce the environmental impact as well.

• Tech and connectivity features

Cars today come with various technological features to make family trips more enjoyable. Look for vehicles with features like good infotainment systems, USB ports, Bluetooth connectivity, and rear-seat entertainment options. These can be particularly useful on long journeys.

• Ease of maintenance

The ideal family car is reliable, easy to maintain, and affordable. Research the availability of spare parts, the reputation of the service network, and the car's maintenance cost before making your decision.

Importance of considering safety features, space, and comfort
 

Which car is best for the family? One that provides safety, space, and comfort. Here’s why –

• Safety features

An ideal family car should have –

- Airbags

Modern family cars come equipped with multiple airbags to protect all passengers in the event of a collision. Ensure that your vehicle has airbags for both front and rear passengers.

- Anti-lock braking system (ABS)

ABS is a must-have feature as it prevents the wheels from locking up during sudden braking, allowing you to maintain vehicle control.

- Electronic stability control (ESC)

This feature helps maintain the car’s stability during sudden manoeuvres or on slippery roads, reducing the risk of accidents.

- Child safety locks and ISOFIX seats

Child safety locks on the rear doors and ISOFIX anchor points for child seats are essential for families with young children.

• Space

An ideal family car should provide –

- Interior space

A spacious interior ensures all passengers, including children, have enough room to sit comfortably. Look for cars with adequate legroom, headroom, and shoulder room.

- Boot space

You will need sufficient boot space to carry all your family’s belongings. SUVs and MPVs generally offer more boot space than sedans or hatchbacks.

• Seating comfort

The best car for your family is one that eases your worries. Comfortable seats with good cushioning and support are vital for long journeys. Features like adjustable seats, lumbar support, and rear AC vents can enhance comfort.

• Ride quality

The ideal family car should offer a smooth and comfortable ride. Test drive the vehicle to assess its suspension and overall ride quality.

Introducing IDFC FIRST Bank New Car Loan
 

Once you’ve identified the best car for your family, financing is the next step. This is where IDFC FIRST Bank can help. With their financing options tailored to meet the needs of families, car loans make it easier to bring home your dream car.

Here’s how they make the purchase more affordable –

• Competitive interest rates

IDFC FIRST Bank offers competitive interest rates on car loans starting at 9% p.a., making it easier to manage your monthly payments. The interest rates are affordable, ensuring you don’t have to compromise on choosing the best car for your family.

• Flexible repayment options

IDFC FIRST Bank provides flexible repayment options, allowing you to choose a car loan tenure that best suits your financial situation. You can reduce monthly payments with flexible loan terms of up to ten years.

• Quick and easy application process

The car loan application process is straightforward and hassle-free. You can apply online from the comfort of your home, and the bank’s representatives will assist you at every step.

• High loan amounts

IDFC FIRST Bank offers high loan amounts of up to ₹2 crores, enabling you to finance up to 100% of the car’s on-road price. You can choose your ideal family car without worrying about a large upfront payment.

• Transparency

IDFC FIRST Bank is committed to transparency, ensuring no hidden charges or fees are associated with the car loan. Plan your finances better and avoid any unexpected costs.

Steps to apply for the car loan
 

Ready to drive home your dream vehicle? Applying for a car loan is a simple process –

• Step 1

– Click Apply Now and enter your mobile number

• Step 2

– erify your mobile number with the OTP sent to you

• Step 3

– Fill in your name, address, income, and occupation details

• Step 4

– Submit your application. A representative will contact you within 24 hours to guide you through the following steps

Or, you could give a missed call at 1800 10 888. You may be eligible for a pre-approved car loan if you are an existing customer. Your loan amount could be approved even before you finalise the car to bring home, giving you more confidence when negotiating with dealerships.

Conclusion

Choosing the best car for your family involves balancing safety, comfort, and practicality. As a parent, you want a vehicle to keep your loved ones safe while providing the space and comfort needed for everyday journeys and family trips. With a car loan, you can easily finance your ideal vehicle and enjoy a smooth and manageable repayment plan.

So, whether upgrading to an SUV or opting for a spacious MPV, let IDFC FIRST Bank help you bring home the ideal family car for your family’s needs. Apply now!