Benefits of Used Car Loan from Finserv Markets

The market for second hand cars or pre-owned cars become popular day by day. Because of these reselling agencies for cars, people are now able to buy a car of which they are dreaming every day but can’t buy because of the budget.  There was a time when people are not much sure about buying a pre-owned cars as they suspect about the true ownership of the motor vehicle.

In case you are facing some financial issues then don’t worry there are various financing companies who offer second hand car loan with the help of which you can have your own vehicle without hurting too much to your pockets.

Check out some of the benefits of used car loan:

1. Low Interest Rate:  Car loans for used cars come under the category of secured loans. These loans are basically ask for collateral against the money such as property, jewellery.  If we compare the rate of interest of this loan with personal loan then low interest rate will have to pay by the borrowers.

2. Reliable security check performed by the financier:  The financing company who provides loan to the customer undertakes a thorough background about registration document of the second hand car. So don’t worry it will be a genuine transfer of ownership of the vehicle. The forged registration risk is considered as a big risk because 100% money will be lost under fraudulent transaction.

3. Flexible Repayment Tenure:  Flexible repayment options are provided by the most of the financiers in monthly installments between 11 months to 7 years. According to your needs and comfort, you can structure your EMIs.

Benefits of second hand car:

1.      Saves your money: You can save approx. 50% of money on used cars. This will helps you in case your financing condition is not good. For example, if you paid $10,000 for a used vehicle which costs approx. around $20,000, you can even try two vehicle also at the same time.

2.      Warranties: There are few used car who are still the part of original warranty. In case you don’t get any original warranty , you can create new warranty also. You can even use the money that you saved by buying a used car on buying the warranty also.

3.      Certified and Thoroughly Inspected: Used car is basically a thoroughly inspected car. It is certified by the manufacturer to assure that it is a high quality vehicle. One of the best benefit of the certified pre - owned vehicles is extended warranty.

4.      Environment friendly: During manufacturing or its initial shipment, a quarter of carbon dioxide is produced by a vehicle. Carbon dioxide output into the environment is reduced by the used car. New car has more impact on nature as compared to the used car.

Do you want to want to buy an used car and looking for a relevant company? Visit Zavron Finserv, one of the best digital finance company provides individual and entrepreneurs loan i.e. MSME loans, vehicle loan, small & micro loans and personal loan in Nagpur. Get your own car now.