NEWS & ADVICE : CAR LOANS
Used Car Loan Melas in India
By Neelima Shankar
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A huge ground with neat looking cars lined up and a number of tie-clad executives engaged in polite discussion seated comfortably in huge stalls, are a regular part of urban scenery now-a days. Don't be surprised, if I tell you that it is a car loan mela. Organized frequently by major banks like ICICI, ABN Amro, HDFC, Citibank etc., these special events are becoming quite a rage, as they provide good value used cars at a great price. A buyer who satisfies the bank criteria can drive away a car of his choice without burning a hole in his pocket.


Used cars are fast gaining popularity for more than one reason, but the biggest one is the amount of savings they bring in terms of price. Considering the fact that a used standard car or premium car be easily bought for a price 20% to 60% lower or even more depending on the model, mileage and condition of the car, makes people flock to the used car loan melas.


Banks do a lot to attract people to the used car loan melas. A big issue with buying any used car is the verification of the vehicle ownership, its accident history, maintenance record, quality checks and whether the vehicle is not a stolen one. An individual buyer doesn't have the requisite expertise and time to do these things. So, the banks take care of all such formalities and get the vehicle inspected, tested and quality checked before displaying them at any such event. The tests and checks done on such vehicles are quite comprehensive and it more or less ensures that a buyer is getting a good deal. Moreover, there is a norm that banks provide a one year warranty on any used car.


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(Comments Posted : 3) Post Your Comments
1. DEAR SIR/MADAM,

I\'M REV.Stephen Jett THE PUBLISHER OF THE CHURCH OF CHRIST IN
ENGLAND.WE WANT YOU TO KNOW THAT WE HAVE THE CALLING FROM THE LORD TO
HELP THOSE WHO ARE IN NEED AND IN FINANCIAL PROBLEM,BY GIVEN OUT LOAN
TO ANY,INDIVIDUAL,COMPANYS AND SOCIETY THAT NEED MONEY TO DO BUSINESS.

THE AMOUNT OF THE LOAN HAS BEEN SIGNED AND APPROVED BY THE CHURCH
COMMITTEE THE SUM OF £900,000.00 WHICH YOU HAVE THE PRIVILEGE TO LOAN
£50,000.00 TO £1,000.00.YOU ARE TO RETURN THE LOAN WHICH IS GRANTED TO
YOU IN 4 YEARS AGREEMENT.

IF YOU ARE INTERESTED KINDLY CONTACT BISHOP JOSH WITH THE INFORMATION
BELOW.

NAME: BISHOP JOSH
Email: loanbusinessinvestment@gmail.com
STAY BLESSED.
REV.Stephen Jett
REV.Stephen Jett (Posted: Oct 31, 2016)
2. Greetings to you all! My name is Mr Abdul Majeed, a private and reputable loan lender. I render all kind of loan to individuals with an interest rate of 3% with a repayment length of 1 to 30 years maximum. A lot of people have benefited from my loan offer and it have change their lifestyle positively giving them the opportunity to create their own business.
I render loan such business loan, agricultural loan, education loan, house loan, automobile loan, etc. If you are in need of a loan, kindly fill the borrower form below with your valid details and reply back for more information at abdulmajeedloancompany@gmail.com

Full Name:
Country:
State:
Sex:
Age:
Home Address:
Amount Needed:
Currency Needed:
Loan Duration:
Monthly income:
Phone: Number:
Occupation:
Purpose for Loan:
Website you saw our ads:

Note: All reply should be forwarded only to abdulmajeedloancompany@gmail.com for immediate attention.
Do you need an urgent loan? (Posted: Dec 4, 2015)
3. I received my first loans when I was 20 and this aided my relatives a lot. However, I require the student loan also.
HENDRIXLOUISE21 (Posted: Mar 6, 2013)
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