Public Notice

NOTICE is issued in the interest of consumers planning to buy used cars and want to fulfil their dream of owning a car. Please be aware while buying used cars compulsorily keep three basic parameters in mind i.e. quality, precise price and clear documentation of the car, with a great deal of Trust and Transparency.

Please do not give into the deceptive look and feel of used cars anywhere and everywhere as trust is paramount when you buy and sell your car which even though is a used car, it is YOUR CAR… may be the 1st one and we understand it…

Mahindra First Choice Wheels Limited – One of India’s leading Multibrand Used Car Company fulfils all used car needs and is a Subsidiary of Mahindra Group - A USD 16.9 billion multinational group trusted by millions of consumers with varied interests ranging from Automobile, Farm Equipment, Technology, Hospitality, Aerospace, Defence and many more spheres touching consumers globally.

This notice advocates all your used cars related needs, and requests you to explore your options with Mahindra First Choice Wheels which is a pioneer in creating the organised used car industry in the country. Today, it is a company with network of 600+ dealers in more than 290 cities servicing all your used cars needs from buying, selling and exchanging used cars of all brands, doorstep finance, documentation and insurance along with a great Consumer Satisfaction on Trust, Quality, Precise Price, Car health, and widest choice.

With Mahindra First Choice Wheels you get the following advantage:

• Transparency and trust
• Hassle free documentation with clean papers of the car
• Certified quality cars
• Widest choice
• Assurance on every car from roadside
assistance to comprehensive warranties
• Insurance
• Finance options
• Buyback facility
• Available near you

For more details
SMS BUY or SELL to 5757555

Toll Free no

1800 102 4800

SMS Buy / Sell


Are Used Car Loans Cumbersome?

With ever expanding cities, cars are no longer considered as a luxurious commodity. This fact has not gone unnoticed by the car markets, specially the used car market. The cascading effect of this new trend can be clearly seen on the financial institutions that offer used car loans. Gone are the days when getting second hand car loans used to be a nightmare. There are many banks as well as non-banking financial companies (NBFC) are offering used car finance.

Certified Used Cars in India

There are certain things that you need to keep in mind while choosing a second hand car if you want to opt for used car loan. Read on to know more:

Pre Owned Cars

  1. Most financial institutes consider the model and the age of the car while processing the loan. If a car is of a older model and has lots of years on it then you might find it difficult to get an approval for such used cars. Go for newer models that have seen 2-4 years of use.
  2. Like any other loan, you need to have a good CIBIL report. With a nice CIBIL score you can get loan approval for about 95% of the used car price.
  3. In case you are going for partial financing, you need to first arrange that amount. Only after you have paid that sum and submitted the receipt for the same, the loan amount will be approved.
  4. You need to carefully consider various factors and work out the tenure and a comfortable EMI amount. Once you have clarity on these factors it will become easier for you to find the right used car loan.
  5. Never settle with the first option you come across. These days there are many banks out there that are offering used car loans at attractive interest rates. Scout a bit to find the best that is out there.
  6. Last but not the least, you have to take extra care to arrange for the exact documents as required by the bank. Note different banks might need different type of documentation. Right documentation smoothens the process and you can get the loan approval in the minimal time.

With the entry of reputed car manufacturing brands into the used car market, these days some banks are collaborating them and offering customers lower interest rates. Such collaborations are a win-win situation for both the banks and the customer. While the customer enjoys a lower rate of interest, the banks get an opportunity to enjoy a healthy conversion rate.

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