Gone are those days when car loan were given by banks only if you bought a new car from a showroom. Aaj kal agar apko second hand car khareedna hai, to bhi banks aapko loan de dete hai. Keep reading, because we’ve got all your pre-owned car loan questions covered.
The biggest challenge of this business is ownership transfer.
Here’s a quick look at the RTO requirements:
|Form 20||Application for Registration of a Motor Vehicle|
|Form 26||Application for Registration of a Motor Vehicle|
|Form 27||Application for assignment of new Registration Mark|
|Forom 28||Application for No Objection Certificate and Grant of Certificate|
|Form 29||Notice of Transfer of Ownership of A Motor Vehicle|
|Form 30||Report of Transfer of Ownership of a Motor Vehicle|
|Form 31||Application for the Transfer of Ownership in the name of the person succeeding to the possession of the vehicle|
|Form 33||Intimation of change of address to be recorded in the Certificate of Registration|
|Form 34||Application for Making an Entry of an Agreement of Hire-Purchase/Lease/Hypothecation subsequent to registration|
|Form 35||Notice of Termination of an Agreement of Hire Purchase /Lease /Hypothecation|
|Form 36||Application for issue of a fresh Certificate of Registration in the name of the financier|
|Form 60||Declaration to be filled by a person who does not have Permanent Account Number|
We really hope this detailed blog has answered all your questions around second hand car loans.
Yeh sab jan ne ke baad, ab bas apni car chuniye, aur pre-owned car loan ke liye apply kariye.