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i want to buy a old car price 170000. is there any loan available for same

Published On : Aug 7, 2018 Subhajit Adhya
Category : Financing
Answers for this Question

Thank you for trusting in our services & writing to us.

You've landed on a perfect platform. CarDekho is one-stop destination for all your cars related questions!

It's good to know that you wish to buy a car and we'll be glad to assist you.

If you are considering taking a car loan, feel free to ask for quotes from multiple banks from the dealership itself. A lot of banks and lending authorities have tie-ups with dealers to offer you easy loan. Or, you can check with your own trusted bank and authorities in case they have a better loan plan to offer. To find out more on the lowest possible EMI's on your loan, visit CarDekho car Finance.

Click here - Get Best Car Loan Offers

Please click on the below link to check the EMI details. Kindly select the Brand, Model and Variant accordingly from the drop down list.

Click here - Car Loan EMI Calculator

Talking about the used car finance, then financing the used car is no more a nightmare. You can get finance for any model of a new car. However, in the case of used cars, the age of the car plays a crucial role in deciding whether it is loan worthy or not.

The car model too plays an important role. If the car model has been phased out, it is unlikely that it will be financed. Most financers consider the age of the car, along with the tenure for which the borrower wishes to take a loan, before sanctioning a loan.

Once you have identified a car you wish to purchase then approach a bank, the bank sends in a valuation expert to calculate the value of the car. This would be determined based on the condition of the car, number of kilometers run and the model of the car etc. Based on the valuation of the car, a bank or finance company would lend to you.

Here are some points that needs to be checked before purchasing a used car:

1. Do check the services and insurance record of the car to know about the car condition & damage areas.
2. Let the car be parked into an open space, avoiding shadows with adequate sunlight falling on the car & check for any dents and repair work.
3. Step inside and check the interiors and monitor the overall features and details on offer.
4. Get the car checked with the authorized service center to know about the car condition.
5. At last take a test drive & don't forget to bargain over the price to grab a best deal.

In addition, you can refer to some of the articles mentioned below:

Click here - Must Read: Used Car Buying Guide
Click here - Inspect a Used Car in 3 Easy Steps
Click here - 6 Things to Know Before Buying A Used Car
Click here - 5 points to check before buying a used car
Click here - Very Helpful: A Pre-Delivery Inspection Checklist For Used and New Car
Click here - All You Need to Know About Used Car Paperwork
Click here - How to Buy a Used Car? 

Moreover, to have the information on your finger-tips you can also download our mobile application which is available on iOS and Google Play Store.

You may also reach our experts by calling on our toll free number i.e. 1800-200-3000 from Mon-Sat (9:30 AM - 6 PM) or write to us at support@cardekho.com. Our team will be more than happy to help you.

test on Tuesday, August 7, 2018 3:08:28 PM
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    Published On :May 27, 2019 By Arun
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    Thank you for considering us worthy enough to address your concern & writing to us.

    It's good to hear that you are looking for Jeep Compass & we'll be glad to assist you.

    CarDekho is a one-stop destination for all your car related questions!

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    Thank you for using our services and writing to us,

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    If the car you are purchasing is under a loan, you will have to apply for removal of hypothecation before proceeding. The loan should be completely repaid for this to happen. 

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