While keeping the above factors in mind will help you land a good deal on a used car, you can also get a loan to make the purchase process simpler. Leading financial institutions offer attractive second hand car loan interest rates these days, so that you can repay the loan amount conveniently and without overshooting your monthly budget. They usually have flexible tenures and multiple repayment modes in place too. All you have to do is compare different loan terms and conditions, see what suits you best, and then take a decision.

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