Low cost used car in Kerala | Used Car Buying Tips

Mega offer used car in Kerala , One lakh rupees Four cars , You can’t get used cars anywhere else for such a low price That too in our country.

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The used car market is booming, and how. The reasons for considering going for a pre-owned car are focused on, but are not limited to, how much financial sense they make. You can save big money by going to a car that is only a few months old, as new cars are literally losing value the moment they leave the showroom. For others, the decision to go for a used car opens the door to multiple options that fit a limited budget.

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Used Car Buying Tips

  • Check the car

Look for damage, corrosion, and tire conditions because you will have to bear the cost of repairing or replacing them.Check if you can find any recent paint or have a touch up function.

  • Drive the test

Make sure the headlights, steering wheel, gears and brakes are working properly.Pay attention to the sounds from the engine, especially sharp bends, holes and holes.Try to run it at different speeds, in different situations if possible.

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  • Check Documents

Ask for the original registration papers (RC book) of the car before you can communicate your decision. Also, read the current insurance policy and check the claim no bonus.

Second hand car loan

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Not only new car buyers will get credit for buying pre-owned (second hand) cars. But for a pre-owned car, this is not easy. Financial institutions that help buyers of used cars get a detailed look at the documents required to obtain a loan.

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The loan is available to salaried earners, business people, those who work abroad and those with other incomes. Banks are allowed to take loans from the SBI at the Credit Information Bureau of India Ltd. But private firms can compromise on terms. Age of the borrower should be in the age group of 21-65 years. EMIs can be 40% of salary for monthly income earners.

Required documents

ID Proof (Aadhaar Card, Election Card, PAN Card, Passport, Driving License), Address Proof (Ration Card, Aadhaar Card, Election Card) PAN is mandatory for transactions with income tax return of over Rs 10 lakh (Income Tax Returners will get 5% more in loan amount), Photo, Land Tax, Building, Tax Documents, Electricity Bill, Rental Agreement (any one of them) and six month bank statement.

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