things to do before you take a used car loan
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5 things to do before you take a used car loan

Used car loan is a type of secured loan. As the name suggests, you can buy a second hand or used car by taking this loan. Be it a brand new car or a second hand car, buying it can be fairly expensive. But there are many benefits attached to buying a used or second hand car. You can buy a luxurious expensive car in almost half of its price if you buy it second hand as you just have to pay its current on-road price. You also get better deals on loans and can bargain with the car seller.

Things to do before you take a used car loan

Many banks and NBFCs in India offer used car loan to its customers. But before you embark on the path of taking a loan, we suggest you to go through these 5 things first.

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