Finance

Our financial service division has affiliated itself with Farm Mutual Financial Services, an Insurance Investment and Wealth Management organization created by the Farm Mutual Insurance Companies operating in Ontario.

Our financial service experts bring a wealth of knowledge and experience to serve you.

If one has set his eyes on a wonderful car but the size of his pocket restrains him to buy one, then opting for Car Finance is the best way out since they claim to be specialists in car finance, helping the customers to finance their cars in the most cost effective way.

The Car Finance Dealers help the customers in the following ways

a. Provision of retail automotive financing
b. Provision of wholesale financing
c. Provison of capital loans.

Car Finance cover both old and new cars

The car finance services rendered by the different car finance dealers or brokers can be discussed as follows: Private Purchase Plan

1. Traditional Purchase Plan: In this scheme the buyer has to start with an initial deposit which has to be 10% and above.

2. Flexible Purchase Plan: Here the buyer can postpone the payment till the expiry of the contract. In this scheme the buyer agrees for the final payment taking into account the age, mileage and the use of the car.

3. Advantage Plan: Here the buyer has the option of not making the final payment and returning the car .

In the present days there exists several sources of finance. Keeping in view the type of requirement the finance sources are chosen. Find below various types of finance source:

1) Long-term Sources of finance

The long-term sources of finances can be raised from the following sources:

a. Share capital or Equity Share.
b. Preference shares.
c. Retained earnings.
d.Debentures/Bonds of different types.
c. Loans from financial institutions.
d. Loan from State Financial Corporation.
e. Loans from commercial banks.

2) Medium-term Sources of finance

The medium-term sources of finance can be raised from the following sources.

a. Public deposits/fixed deposits for duration of three years.
b. Commercial banks.
c. Financial institutions.
d. State financial corporations.

3) Short term Sources of finance

a.Trade credit.
b.Commercial banks.
c.Fixed deposits for a period of 1 year or less.
d. Advances received from customers.