Published on Sept 2, 2021Updated on Aug 29, 2026
Used cars come with multiple benefits. Pricing is what draws us the most towards purchasing a used car. Once you have decided to buy a used or a second-hand car, you can work on many other factors to work in your favor too. Those factors are related to the timing of your purchase of the car. There are many advantages from which you can benefit and it is worth pursuing them We will discuss below how you can capitalize on the best time to buy a used car:
When it is a quarter or year-end, a huge chunk of sales takes place in many businesses. One of such is the car business. The focus is typically on the last week of March, June, September, and December. This is because showrooms and dealers have certain sales targets, which are achieved at an accelerated pace during these periods. Since the sales teams are keen on completing their targets, you are likely to get an additional discount on used car purchases. In this scenario, you can negotiate a better deal for yourself. Hence it makes a lot of sense to wait for the quarter end of year-end to clinch that most desired deal.
This is an age-old trick that still works. During new launches, car lovers are willing to trade in their older models for a new vehicle due to the excitement of owning the new model. There are used cars galore with dealers. So with the influx of these traded-in cars, dealers are more than happy to give the pre-owned vehicles for a discounted price. So if there’s a specific car that you are vying for, you need to wait for the right moment and sign up when it is the right time.
Must Read: Should You Take a Personal Loan to Buy a Car or Not?
Car showrooms offer many sales and discounts, especially during major festivals in India. Consumers are in a celebratory mode during such times. So if you are looking for a used car, then buying it during such times will help you take advantage of festive offers. You may even get benefitted from some accessories, extended warranty, or some special upgrades.
You must be prepared with the required funds before you make the purchase. While a car loan may not be applicable for used cars, you can choose to go for an instant personal loan instead. You must also be aware that dealers may ask for a downpayment on the car, and so it would be wise to save up and ensure you have the required amount.
SMFG India Credit provides personal loans instantly and at attractive interest rates. Our online personal loan application journey gives you an easy experience and disburses the loan into your registered bank account shortly after loan approval. However, do note that the approval will depend on the successful verification of your information as well as your documents as per SMFG India Credit’s policy. The process is paperless and seamless.
SMFG India Credit provides online personal loans at attractive interest rates. SMFG India Credit personal loan interest rate is as low as 12.5%. All you need to do is to apply online and submit the basic documents required.
SMFG India Credit requires you to submit some easy documents for personal loan approval. All you need to do is to fill up and sign the application form. Along with the application you need to submit the following:
As a salaried individual, you also need to submit the following:
As a self-employed individual, you need to additionally submit the following:
Must Read: How Much Personal Loan Can I Get On My Salary?
SMFG India Credit personal loan can be applied through 2 modes, online and offline. For the offline channel, you can visit any of the SMFG India Credit branches, and our SMFG India Credit service representatives there will guide you through the entire process.
If you choose the online personal loan process, then you can start right away by clicking on the ‘Apply Now’ button. Thereafter, you need to fill- up the form that is provided on the website. You then need to enter basic details like the amount and tenure. The next step is to upload the requisite documents to the website. If you keep the scanned copy of your documents ready, it will certainly make the online application process easier. The final step is to submit the application. Upon due verification, the loan will get approved and the funds will be credited to your account.
Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.
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