Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Vehicle > When is the Best Time to Buy a Used Car?

Loan for Vehicle

When is the Best Time to Buy a Used Car?

When is the Best Time to Buy a Used Car?

Purchasing a used car has many advantages! They cost considerably less than new cars, and you are not as affected by the depreciation of the car value. However, did you know you can save up even more by buying the car at the right time? Read on to find out the best time to buy used cars.

When a quarter or year ends

Ask any sales professional, and they will tell you; a large percentage of sales happen at the end of a quarter and year. These dates include the last week of March, June, September, and December.

Showrooms and dealerships have designated targets, which they need to reach before the deadline. As such, quarter and year ends are some of the best times to purchase a preowned vehicle. Since the sales team is eager to meet their target, they usually offer additional discounts on used-car purchases. And in such cases, you also have the upper hand and can negotiate a better deal for yourself.

When newer models are launched

If you are one of those people who wait for the new smartphone models to launch, so the older model’s price comes down – you should know that the same trick works for cars as well! During new launches, people often trade in their older models for a new vehicle. With a flush of traded-in cars, dealers are more willing to part with their pre-owned vehicles for a lesser price.

Additional Read: Most popular used car models in India

During the sales season

Dealers and showrooms offer many sales and discounts, especially during major festivals. Shopping for a pre-owned vehicle during these sales will save you a ton of money. These offers include a free extended warranty, free accessories, and upgrades, as well as an overall reduced price.

However, you must take these sale signs with a grain of salt! They may contain some hidden costs or additional charges. Be sure to enquire about the same before you finalise the vehicle purchase.

When you are financially secure

This might sound obvious, but while buying a pre-owned vehicle over a new one will cost you relatively less, it is still a substantial investment. Preparing ahead of time will ensure you don’t have to struggle with your monthly expenses.

You can also consider taking a used car loan if you are short on funds. Most lenders nowadays rely on relaxed used car loan eligibility criteria to provide a loan. Moreover, you can even plan out your loan tenure using a used car loan calculator.

Additional Read: 4 things to keep in mind before you buy a second-hand car on loan

In conclusion

Purchasing a pre-owned vehicle during the sales season or towards quarter/year ends will help you get considerable discounts. But sorting out your finance options before buying your preowned car can save you a lot of trouble in the future.

We, at Tata Capital, can offer you a used car loan to make a smart and value-for-money purchase. We offer quick processing, easy documentation, and competitive used car loan interest rates. Get a loan of up to Rs. 50 lakhs with flexible tenure and EMI options you can repay according to your convenience. So, wait no more and contact us today!

Apply Now

Your Smooth Ride Awaits: Take a Quick and Easy Vehicle Loans!

Apply now
Popular Searches
safest car in india car down payment pdi full form tax benefit on car loan pdi checklist best cng mileage car sedan cars under 10 lakhs what is adas top rated electric cars best sedan cars in india
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.