A quick overview of used car financing

1
A quick overview of used car financing
2
Factors to consider before taking a used car loan
3
Credit score

• Poor credit score reduces your loan approval
  chances.

4
Car's condition and manufacturing year

• Get the car's interior and exterior checked.
• Check the car's age before buying it.

5
Odometer and fuel type

• Check the car's odometer to see how much it has
  travelled.
• Check if the car engine is petrol or diesel.
• Petrol engine cars have a longer lifespan, while
  diesel engine cars have higher market value.

6

• Different ways of financing a used car

7
Zero down payment used car loan

• Get 100 financing for your used car without
  making any upfront payment.

8
Personal loan

• Purchase a used car with a personal loan.
• Stable income and good credit history required
  for obtaining a personal loan.

9
Hire purchase

• Get a hire purchase secured loan by making a 10
  down payment.
• The loan is available for a maximum tenure of 5
  years.
• Skipping 3 EMI in a row can result in the seizure
  of your used car.

10

• Obtaining a used car loan is simple. Just follow
  the steps outlined above.

11
Thanks!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi -
110057
Tel [phone]
Email corporate_at_herofincorp.com
Website https//www.herofincorp.com/
Know More A quick overview of used car
financing