Now India is one of top as fast growing country, standard of the people living in India is increasing day by day. Along with development utilize of the car in India growing fast. The demand of the car is becoming more significant within these couple of years. A lot of Car manufacturing companies in India have increased due to massive car utilization in India. There are approx. 50 new car launched in India in the year of 2012. So it is easily understand how the importance of the car is increasing in India. Options of variety of cars are now easy available in the hands of the customers.. You can easily put a glance on the charts that the most branded car companies are now available in India .To see the increasing popularity of the use car in India, Car Companies offer attractive price for their car. If who are not able to buy a new car then there are lot of car dealers who can easily offer the used car loans at low rate of interests. Sell of the car in India in last 2-3 yeas increase very rapidly. Now customers can get car loans at different rates of interest. Even increasing of the selling of the used car bank also offer attractive loan to buy a used car. Car Company and dealer help to get a loan on used car. Due to help of the bank loan to buy a used car selling on the used car increasing day by day. People fulfil their dream to buy a used car with the help of the bank loan and full fill their dream with budget. But now the controversy begins between the new car loans and the used car loans. But the reports reveal that now day’s rate of interest for the used car loans are increasing day by day.
