Best Low Budget Cars In India: Due to the Kovid-19 epidemic, most people prefer to travel with their vehicles. Due to this, auto sales have also increased for the last 2 months. Good news for those who are short of budget and want to buy a second hand car. Talking about second-hand cars, they have a big market in the country. Apart from metros like Delhi, Mumbai, Kolkata, Chennai, there is a market for second-hand cars on a small scale in various cities. However, in the market located in Karol Bagh, Delhi, you get luxury cars up to many times cheaper. Here you can buy a car of your choice by paying up to 40 thousand rupees. The remaining amount can be paid by loan. All the papers of loan and car are got prepared by the dealer.
Second hand cars Price
In the market located in Karol Bagh, Delhi, you can buy a used car Maruti WagonR at a minimum price of 50 to 60 thousand rupees only. However, models of these cars can be up to 10 years old. If we talk about their on-road price, then it comes to about 5.50 lakh rupees. At such a low price, you can easily buy a second hand car. This car market of Karol Bagh is near the Jal Board. There are options for many brands of cars from Maruti to Mahindra, Ford, Hyundai, Volkswagen.
The condition of these cars is very good in appearance. That is, there is no scratch or dent on them and they look gleaming. The older the model of the car, the lower its price.
There is no permission to drive a 15 year old car in Delhi. In such a situation, people sell such old cars very cheaply. Many states have permits to run the car for 20 years or more. People there can buy them at low prices.
Used Car Loans Process
According to the market dealer, customers can finance up to 75 percent of the car’s price. For this, they have to provide the necessary documents. Along with the car, its registration certificate is also given. Based on this certificate, you can know the important things like life, engine, color of the car.
Second hand car finance
For government and private employees
6 month bank statement
2 year ITR or Form 16
3 month salary slip
Aadhaar card, PAN card and 2 photos and a copy of a service certificate
These documents are also sought for businessmen and others. But these require only 2 years ITR and 6 months bank statement.
In case of not having Form-16 and ITR, it is necessary to have a copy of land documents and a bank statement of 6 months. Aadhar card, PAN card, 2 photos and electricity bill.
Talking about markets other than Delhi, you will have to pay 15% more in Bangalore for second-hand cars. The condition of cars in Mumbai and Chennai deteriorates quickly. Second-hand cars cost more in Chandigarh than Delhi, because the cars here are driven on clean roads and highways. The ratio of petrol and diesel cars in Delhi and Mumbai is 55:45 in terms of demand. Bengaluru has the highest number of petrol cars. Here the ratio is 65:35. The ratio is 60:40 in Chennai.
Whenever you buy a second hand car, negotiate about its price. Do check the interior and exterior of the car you are buying. Apart from this, you must take the car on a test drive for at least 50 km. With this, you will also know all the defects of the engine of the car.
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