USED VEHICLE FINANCING MADE EASY

What if you want to own a second hand vehicle but don’t have enough money, so what are your options? Simple you look out for various vehicle finance companies for your vehicle, but do you have sufficient information about second hand vehicle loans and finance?

It is always recommended to polish your skills on used weapons and then go for the new ones – the saying is finding an apt application in vehicle segment of India today. Most of new drivers prefer to opt for pre-owned vehicles before investing huge money in new one. Though, acquiring financial help for used vehicles is nothing less than headache at present. There are 2 factors that play a vital role in pre-owned vehicle loans and they are vehicles age & the model. In India, people availing pre-owned vehicle financing options have to pay 3% more than the amount they are required to pay for latest vehicles. And, lastly, there is more chance that you may not get the complete value of the vehicle as loan.

As per norms, used vehicle loan is granted only when age of the vehicle and loan’s tenure do not go beyond 7 years in combined manner. Thus, if you are planning to get loan for 5 years, the age of your vehicle should not exceed two years in any condition. If you need a loan for 3 years, than the age must not exceed 4 years and the same is applicable for lesser years.

For used financing in India, there are two types of financial bodies available that can help you in this cause: banks and non-banking financial companies (NBFC’s).

You can benefit by connecting with Organised Dealer

Today you have enormous options available in market for you to choose from among the second-hand vehicles. And along with the vehicle many options of organised service providers are also available. These service providers source the vehicles, & put them up for sale.

Moreover most of the banks & NBFCs are at ease while financing a vehicle through an organised service provider because of the due vehicleeful checks done by them, which reduces the financiers' risk.

What we suggest you today is to connect with Shriram Automall, which solves both of your problem. Shriram Automall India Limited is the leading service provider in used vehicle industry and provides services from Parking to disposal, from acquisition to finance and Insurance Services. Being a wholly subsidiary of Shriram Transport Finance Company, Shriram Automall also provides assistance in getting instant loan from STFC on used vehicles & other equipment. Having a large inventory of Used Vehicles and equipment, Shriram Automall provide customers with nothing but the best  through its unique and Transparent mode of dealings i.e. Bidding Events.