Second Hand Car Loan Process??
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1. HDFC ZIP Drive Reviews?
2. HDFC ZIP Drive Instant Approval Loan is it Eligible for Second Hand Cars?
3. How to Avail Loan For Second Hand Cars or Old Cars?
4. Which company/scheme is overall best for Second Hand Car Loan?
5. Is it worth to buy TATA Electric Car in 2021, if yes then share best loan scheme for electric car?
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I agree with you…
OP Check if your creditcard has some offer. You might get personal loan at home loan rates cheaper than car loan. the killer is the 18% gst on interest which spoils big time.
Might as well save double the emi amount now and take a smaller loan. Like 3 lakh car with 1 lakh down payment for 3 years would save you about a year 20000.
Also save on price. The local dealer would have 50k to 1 lakh Comission on a car (he buys a car cheap and makes you pay higher price plus 2% Comission even when he owns it) so look for shriram auto plaza for car auctions in your city.
Usually, personal loans work better than used car loans for buying used cars. Lower interest rate and lesser paperwork.
Atleast it was, when i researched the market 3 years back.