Second Hand Car Dealers

Second hand or used cars are an integral part of the car market. People prefer purchasing a second hand car because it proves to be more economical as compared to buying a brand new car. To ensure that the car is worth the money you are investing into it one needs to be sure of the source of the second hand car. One needs to do a thorough research before actually purchasing a second hand car and for this one should always take expert guidance. By taking a mechanic or a person who is an expert with cars a person can actually find out the faults and damages in that particular vehicle. Although sometimes you might feel that you have bought a car for cheap but that necessarily might not be the case. A second hand car will always have the issue of repair and maintenance since it has already been used so the need for maintenance would be more in the case of a second hand car than for a new car.

Certified Used Cars: To combat fraudulent car dealers the reputable car dealers in cooperation with manufacturers have come up with a way of certifying cars to assure that the customers are paying the right price for the right product. This move made by the dealers and manufacturers subjects the cars to rigorous tests and thorough inspection. Dealers and manufacturers may then add certain advantages like extended warranties, financing terms, service perks just like in the case of purchasing a new car.

Car Dealers

New Car Dealers are by and large the safest to buy second hand cars from because they sell only those second hand cars that are in good condition. However they might be a little more expensive as compared to the rest. Even reputed dealers have huge stocks of second hand cars and their pricing policies are also cheaper than the new car dealers

How to choose a car Model

Agencies often owned by the parent company deal with second hand cars. It is advisable to purchase cars from such agencies as they would generally sell good quality cars because of the name in the market. Details of reliable dealers can be got from magazines, newspapers and also the internet.

Bank offering loans for second hand cars

Name Loan Amount Interest Rate Address
  Loan Amount Interest rate Address & Phone Number
UCO Bank Rs 3,50,000 13.25% Nariman Point, Mafatlal Centre, Mumbai - 400021 022 2047735
HDFC Bank 80% of the value of the car 10.5% 1&2, Mayur Plaza Mayur Vihar Phase-1, Delhi 110091
011 41514332
Vijaya Bank 50% of the value of the car 11% 6, Alipore, Hastings Park Road, Kolkata, West Bengal 700027 033 24008656
Bank of India Rs 85,000 11.25% C 5 G Block Bandra Kurla Complex Mumbai Maharashtra 400051, 022 2657 2319

Last Updated on 1/3/2012