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Top Four Benefits of a Used Car Loan

Having a car of your own car is a great feeling but finding the apt car that fits your desires and budget is not an easy task. Besides buying a house, your car probably is the second most expensive purchase for you. It therefore, is beneficial to consider a used car instead of a new one.

This is a good consideration if you keep in mind the further expenditure, associated charges, and depreciation value of a new car. A used car saves your pocket from a burning hole without making you compromise on the quality.

Today, the used-car market is flourishing excessively, thanks to the easy availability and affordability of used car finance. As per Survey reports, for every sale of 100 new cars, the arrival of 220 old cars for sale annually takes place in the market, and the number has reached around four million units. Plus, companies like ours make sure that people get the used car of their own preference and also that the used cars are well maintained and certified too

Why Take a Used Car Loan?

Do you want to purchase a used car without making it a costly and troublesome affair for you? A Used car loan can absolutely help you with the same. Even with your having budget constraints, you can easily become a car-owner as a used car loan is an extremely pocket-friendly option as compared to buying a new car. The insurance cost as well as the depreciation rates, of a used car, are way lower than the new car.

How to Get a Used Car Loan?

Availing of a used car loan is convenient and simple. A2U offers used car loans for people with poor credit and also offers an extensive selection of used cars that come at 0% financing so there’s no need to worry about interest rates going up either!

Four Benefits of Used Car Loan from A2U

With A2U, your wanted car is just a few easy and effortless steps away. What makes used auto loans in city an ideal choice for people? Let’s read below.

1.A lot of Loan Amount

To buy a used car, you can avail a loan of as much as INR 50 lakhs.

  • Low Interest Rates

Though interest rates in the market for used cars are higher because of the risks associated for both the lender and the buyer, however the interest rates offered by A2U are not very high and are unparalleled. Though most lenders desire 65-80% of the value of the bought used car as their down payment, A2U has the option of lending Used Car Loan interest rates of up to 95% of the estimated value of the car.

3.Flexible Conditions

A2U provides you with the flexibility to decide your loan tenure, loan amount and EMI period. You can also choose the method to pay back as per your own convenience: it can be online payment, post-dated cheque, an auto debit facility or ECS (Electronic Clearance Service).

4.Very Less Paperwork

The entire process of a used car loan can be easily conducted on the available online platforms. The only paperwork requirement is the application form for the used car loan that needs to be submitted at the branch. Even the other documents required are minimal and very basic , making the entire used car loan application procedure hassle-free. Besides, you get a very speedy approval after the verification of the documents and the application.

New cars indeed do smell great; however, looking at the initial value as well as the long-term spending plus the loan availability, buying a used car is an excellent economical option to be availed.

With the availability of extremely trustworthy financial options with us, you can now buy used cars at cheaper rates from us. Now choose from a wide selection of used cars with us and take finance too to fulfill your desire of having your dream car!!

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