Getting behind the wheels of your car is a wonderful experience. But finding the right car that fits your budget and aspirations is not a cakewalk. Besides buying a house, your car may be the most expensive purchase you make. So, sometimes it makes sense to consider a used car rather than a new one.This is especially true if you consider the associated costs and depreciation value. A used car will save you money.
Today, the used car market in India is thriving, thanks to its accessibility and easy access to finance for used cars. In addition, the entry of organized companies in the market has increased the popularity of used cars among buyers as these companies ensure that used cars are guaranteed for good quality and are well maintained.
Do you want to buy a pre-owned car without making it a difficult and an expensive affair? Used car loans can help you with that. Even if you have a low budget, you can still easily become a car owner asa used car is a lot more affordable to your pocket compared to a new car. Depreciation rates, as well as the cost of used car insurance, are lower for new cars.
Owning a car was considered a luxury, as not everyone could afford it. Buying a car was a milestone for many people, who could afford to pay for their dream car in one go. With the growing income levels, changing demographics, and the emergence of used car loan lenders, owning a car today is no longer a luxury, but a necessity, made possible by taking out a car loan.
In large cities, it is difficult to commute without a car given the quality of public transport, crowds, and fear of spread of diseases. As new cars get introduced, that have advanced technology, the cost of cars increases, often making it difficult for the average person to buy a car right away using their own money.
Therefore, in view of the huge need to finance used and new cars, India's leading lenders offer car loans, which are floating interest rate products, which allow you to buy your car and repay the loan amount gradually through EMIs.
With Poonawalla Fincorp, your favorite car is just a few clicks and steps away. What makes Poonawalla Fincorp pre-owned car loan a good choice for people looking for a used car loan? Let's see below.
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Pre-Owned Car Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply
The COVID-19 pandemic has entirely changed the way we commute. The fear of the coronavirus and social distancing norms have forced people to depend less on public transportation modes, including buses, autos, local trains, and taxis.
Most people prefer buying a second-hand or used car after they turn 18 and obtain a driving license. The justification is that it is good to buy a new car after honing oneâ€™s driving skills on a used car.
Buying a car is a luxury for some and a requirement for some. Even during the COVID-19 period, the importance of owning a car was felt by many individuals when they could not use public transport freely.
Purchasing a car is a big decision that brings with it many questions, even if its a pre-owned or used car. Which car model should one buy? Which car will be ideal for the family?