Can a car loan be purchased for a used car?
Yes, there are many lenders in the market who are willing to finance the purchase of used cars. The main factor of influence here is the age of the car. A car loan EMI calculator can be used when planning for loans for used cars as well. It is mandatory to have a car insurance policy for used cars too.
- What is the formula required to estimate the EMI?
- What documents are needed to use the car loan EMI calculator?
- How many times can I use the car loan EMI calculator for free?
- Is buying a car insurance policy mandatory for car loan approval?
- How much is the difference between the EMI estimated by the car loan calculator and the actual EMI quoted by the lender?