Buying a car this Diwali? From processing fees to insurance, don't ignore these 5 charges before applying for a car loan

Published 04 Nov 2026, 23:04 IST

What's behind this

Diwali promotions such as Dhanteras offers and attractive financing schemes are encouraging many buyers to consider a new car, but experts warn that the purchase involves more than the loan EMI, including processing fees, insurance and other charges. In addition, purchasers can explore tax benefits for business‑use vehicles, claim depreciation, avail electric‑vehicle loan deductions, and face a 1 % TCS on cars priced above Rs 10 lakh if the benefits are claimed before March 31.

AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.

RSS excerpt

Dhanteras offers and attractive financing schemes can make buying a new car appealing. However, buyers should remember that a vehicle is a long-term financial commitment involving expenses beyond the loan EMI.

✓ Corroborated Coverage 2 news outlets reporting

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Reported by multiple independent newsrooms.

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Livemint Center-Right HT Media Ltd. Current article 04 Nov 2026, 23:04 IST

Buying a car this Diwali? From processing fees to insurance, don't ignore these 5 charges before applying for a car loan

Read full article at Livemint ↗

NDTV Center-Right Adani Group (AMG Media) 05 Nov 2026, 18:24 IST

Bought A New Car During Diwali? Check These Tax Benefits Before March 31

Bought a new car this Diwali? Understand tax benefits on business-use vehicles, depreciation claims, EV loan deductions, and 1% TCS on cars costing above Rs. 10 lakh before March 31.

Compare on Varta → Read at NDTV ↗