How to get a loan to buy a pre-owned car
How to get a loan to buy a pre-owned car Did you know that you can get a car loan to buy a second-hand/pre-owned/used car? That is right, you can fund the purchase of a used-car by availing a loan. However, there are several things you need to check before you can get such a loan. For instance, you should find out whether the lender is willing to provide a pre-owned car loan. “The used car you’re purchasing needs to be eligible for financing by the lender. For example, some lenders may not finance used cars older than three year informs Adhil Shetty, CEO, Bankbazaar.com. Here’s how to get a loan for a pre-owned car. 1. Visit lender Visit a lender, either online (via lenders’ website) or offline (by visiting its branch office), to apply for the pre-owned car loan. Also, to get a better rate of interest, do proper research before applying for a pre-owned loan. Check the deals on a wide range of used cars at the lender’s online marketplace for used car loans. For example, you may check HD...