BankBazaar | Features of used car loans!

BankBazaar | Features of used car loans!

Features of used car loans!

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The loans offered for pre-owned cars differ slightly from those offered for new cars. The basic difference between new Car Loans and Used Car Loans is that the age of the car and its model play a key role in determining the financial intricacies of the loan.

And, unlike new car financing where certain lenders offer up to 100% of the car value, a used car financer usually provides only 70% to 90% of the car value.

You can easily apply for a Used Car Loan online through BankBazaar’s Used Car Loan portal, which offers customers a fantastic range of loan options that are tailor-made to meet all your requirements.

You can zero in on a Used Car Loan of your choice by browsing through and comparing different loan parameters for pre-owned cars such as interest rates, documentation required, eligibility conditions, fees and charges and more.

Looking for Car Loan? Click here.

BB Expert