How Used-car loan size has been on the rise in pandemic years

Buyer behavior has changed when it comes to cars due to the pandemic. People are not interested in saving money but want to spend it all today. The pre-owned car market is witnessing a surge in demand. The average car loan value has increased from Rs 3.5 lacs to Rs. 4.5 lacs from pre to post-pandemic. You can buy a good second-hand car through a used car loan. You can get a used car loan at attractive interest rates, and the repayment tenure can stretch to seven years. You will also find some lenders providing 100% loan of the car’s value. Most NBFCs and banks provide used car loans. Know more about the features & benefits of used car loan : https://blog.ruloans.com/how-used-car-loan-size-has-been-on-the-rise-in-pandemic-years/