Why New Car Loan Is Cheaper Than a Used Car Loan in India

1. Presented By: Car Lelo

2. Why New Car Loan Is Cheaper Than a Used Car Loan in India • New car loans attract less interest compared to used car loan • Getting a new car loan is easier than a used car loan due to strict regulations • New car loans come with flexible tenure and waiver on pre-closure charges. • When you're in the market looking to buy a car, you will be tempted to look for a used car over a new car. • After all, used cars are usually cheaper than new cars.

3. The Difference Between New and Used Cars Loans in India - New car loans are generally cheaper than used car loans in India for several reasons. - First, new cars tend to depreciate less over time than used cars, so lenders are typically willing to offer lower interest rates on new car loans. Second, new cars also tend to come with manufacturer incentives and rebates that can make them even more affordable. - Finally, many lenders offer special financing deals on new cars that are not available on used cars.

4. Additional Reasons on Why you Should Consider a New Car Loan Over a Used Car Loan - There are many reasons why you should consider a new car loan over a used car loan in India. - For one, new cars usually come with warranties that cover repairs and maintenance, while used cars typically do not. - At the time of delivery, car dealerships tend to bundle in attractive discounts and service packages that helps makes your car owning easy.- This means that you may end up paying more out of pocket for repairs and maintenance on a used car than you would on a new car. Original source: https://www.carlelo.com/blog/why-new-car-loan-is-cheaper-than-a-used-car-loan-in-india

5. Thank You Team CarLelo