All about pre-owned car loan

All You Want to Know About Pre-Owned Car Loans

Owning a car is not just a luxury in today’s fast-paced world, it is also a safety measure against the harsh elements out there. However, it is not necessary to invest in a brand-new car when you can derive maximum value from a pre-owned car. Several financial institutions offer excellent financing options for the purchase of used car.

Why Should I Opt for a Pre-Owned Car Loan?
It is recommended that one doesn’t lose liquidity over purchasing a car, hence, loans are the best option. It is better to make affordable monthly payments than dipping into your savings to buy a pre-owned car. In case of emergencies, you can rely upon the money you saved.

How Pre-Owned Car Loan Works?
For the purchase of a used vehicle, you can find financing options in almost all financial institutions. They offer attractive interest rates and comfortable repayment tenures. These companies are known to disburse 90-100% of the value of the car you want to purchase.

In Poonawalla Fincorp, for instance, this is the workflow of a pre-owned car loan-

What Are The Features of Pre-Owned Car Loans?

What Are The Benefits of Pre-Owned Car Loans

When you take a loan to buy a second-hand car, you must consider the benefits you receive as there are a lot of competitors out there. Here is a list of the benefits of pre-owned car loan from Poonawalla Fincorp-

What are the eligibility criteria for used car loans?

What Are The Documents Required for Pre-Owned Car Loans?

To apply for a pre-owned car loan, the following documents are necessary:

To sum it up

A pre-owned car loan will make your dream of buying a car easier and economical. Poonawalla Fincorp offers Pre-Owned Car Loans with affordable EMIs at competitive rates of interest. Fill up this application form and our representatives will get back to you.

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