Having your own private vehicle is important for navigating busy roads quickly. With increasing pollution, owning a car helps reduce some of the discomforts associated with it. However, buying a brand-new car in Nepal is costlier. Thus, choosing a second-hand car on EMI (Equated Monthly Installment) can be a practical and affordable option. It allows you to own your desired vehicle while managing payments through flexible monthly installments. It allows one to own a car while spreading the cost over time and makes the car more affordable.

Table Of Contents:

Why Choose a Second Hand Car on EMI?
Drive a Second Hand Car on EMI with Hulas Finserv
Steps to Drive Your Second Hand Car with Hulas Finserv
Research Your Options
Check Your Budget
Apply for Second Hand Car Loan EMI
Receive Approval
Finalize the Deal
Drive Home Happy
Conclusion
FAQS

Why Choose a Second Hand Car on EMI?

Buying a second hand car with EMI is a wise decision for several reasons. It’s a great way to get the car you need while spending less. Here’s why it’s a good idea:

Affordable Price

Second-hand cars are much cheaper than new ones. Therefore, one can easily get a good car without necessarily paying an expensive price for it. The biggest hit on the price has already been taken by the previous owner; hence, you save a lot of money.

 Slower Depreciation

New cars depreciate fast, and most of their loss in value occurs within the first few years. Once you purchase your used car, you will already have taken that huge hit. Your car will not lose its value over time as much.

Cheaper Insurance

Insurance for used cars is usually less expensive than for new cars. Since the older car costs less to insure, you save more money.

Flexible Financing Options

While new cars often come with promotional financing offers, flexible loan options are also available for second-hand cars. These can help you manage your budget better while getting the car you need.

These factors make buying a second-hand car on EMI a cost-effective and practical option.

Drive a Second Hand Car on EMI with Hulas Finserv

With Hulas Finserv, you can drive a reliable second hand car on EMI. With us, you can finance up to 60% of the total cost of second hand cars. This allows you to drive away in a quality second-hand car on EMI with minimal upfront investment.

Loan Details for Second Hand Cars on EMI

• Loan Amount: Up to 60% of total product cost
• Tenure: Up to 60 months
• Interest Rate: 8.25% – 9.25%

Hulas Finserv also provides financing options for new four wheelers through authorized dealers approved by the company.

Hulas Finserv makes it simple to get behind the wheel with competitive interest rates and flexible EMI options. Our financing options for second hand cars on EMI offer significant savings, giving you more financial freedom to drive the car you want.

Note: Rates are subject to change from time to time. Please read the documents carefully before proceeding.

Steps to Drive Your Second-Hand Car with Hulas Finserv

Following the steps below, one can easily purchase a second-hand car on EMI with Hulas Finserv. 

Research Your Options

Start by researching the type of second-hand car you want. Consider factors like model, mileage, and condition.

Check Your Budget

Calculate your budget, including the EMI, insurance, maintenance, and other costs.

Apply for Second Hand Car Loan EMI

To apply for an EMI loan, visit the Hulas Finserv website or contact customer service. Provide the necessary documentation and complete the application.

Receive Approval

Once your application is processed, you will receive approval. Hulas Finserv aims for quick turnaround times, so you can expect a fast response.

Finalize the Deal

Once you’ve chosen your car, complete the necessary paperwork and finalize the loan with Hulas Finserv.

Drive Home Happy

Once the paperwork is done, you can drive home in your new second-hand car, knowing you made a wise financial choice.

Conclusion

Owning a car enhances mobility and lifestyle, and with Hulas Finserv, financing a second hand car on EMI is easier. Enjoy the advantages of a more affordable vehicle while benefiting from a flexible and user-friendly loan process. Take the leap, and get ready to hit the road with your new ride.

For more information, visit Hulas Finserv’s website and take the first step towards driving your dream second-hand car today.

FAQS

1. What is a second hand car on EMI?

A second hand car on EMI allows you to purchase a used car and repay the financed amount through fixed monthly installments instead of making the full payment upfront.

2. How much can I finance for a second hand car through Hulas Finserv?

Hulas Finserv provides financing of up to 60% of the total product cost for second hand cars.

3. How long is the time for repayment?

The repayment time for a second hand car that has availed of EMI is up to 60 months.

4. What is the interest rate for second hand car EMI financing?

The interest rate depends on the down payment option:

• 40% down payment: 9.25% interest rate
• 50% down payment: 8.25% interest rate