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Q.
Does Bestusedcarfinancing.com finance for
all cars instead of financing for only used car?
Ans. Yes, Bestusedcarfinancing.com does finance for
all the cars, no matter whether it is a new car or a used
car.
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Q. I have just migrated to this country. So am I eligible
to get finance for purchasing a used car?
Ans. Best used car financing company also provides
finance for those people who have been migrated to a new place.
But you have to fulfil all the required documents that will
be explained to you at the time of filling the application.
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Q. If I have an existing fixed deposit with you so
will you accept that amount as security and finance me with
a higher amount?
Ans. No, We do not entertain such cases.
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Q. Is finance available on accessories also?
Ans. If it is an approved standard fitting then only
finance is available otherwise finance is not available on
accessories.
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Q. Are there any service charges?
Ans. No, there are no service charges. But there are
stamp charges depending on the place of execution of the contract.
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Q. If I wish to settle my account, what is the procedure?
Ans. Under the finance agreement, settlement of account
is not considered. However, on your special request, we may
give the settled amount to you and on remittance of the same
the necessary termination papers would be issued.
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Q. Which papers should I collect on termination?
Ans. Best used car financing company advice you to
collect three most important documents. 1) The hire purchase
termination letters, 2) the no-objection letter addressed
to the RTO and 3) the insurance endorsement cancellation letter.
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Q. When will you send me the statement of accounts?
Ans. Statements of account would be sent only on a
request from you.
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Q. What should I do in case my address changes?
Ans. You should intimate the branch, which you normally
deal with.
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Q. What about the 0% scheme if the financier offers
for financing the car that I purchase?
Ans. For customers it is 0%, though it is not 0% for
the financing company. Sometimes dealers offer certain discount
either by themselves or pass on to the financing company or
some benefits is also given by the manufacturers. The discount,
which is received, is figured out in the pricing by the financing
company. As a result, the financing company accept such discounts
and protect their Minimum Estimated Return (MER), while for
the customers, it works out as 0%. Due to these reasons, '0%'
schemes are offered only on certain cases and for specified
periods.
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