New vs Used Car Loan: Rate, Tenure, and Eligibility

New car loans get longer tenure and lower rates. Used car finance depends on vehicle age, valuation, and lender policy — typically shorter tenure and slightly higher ROI.

Certified pre-owned programs from OEMs sometimes get rates closer to new-car pricing. Private sale used cars face stricter inspection and LTV caps.

Get the RC hypothecation and insurance sorted at disbursement. We compare financiers for both dealer and direct purchase. Car loan assistance.