How to Apply for a Used Car Loan: While buying a brand-new car might seem like a matter of pride and prestige, a pre-owned car comes with its own set of advantages. With the used car market in India growing by leaps and bounds, you can choose the brand, make and model you want easily. Plus, you need to pay less for a second-hand car when compared to a brand new one, which makes sense if you are saving up for some other life goals. Purchasing a pre-owned car is also hassle-free, thanks to the many financial institutions that offer affordable loans. So, today, you will find out how to get a used car on loan without any hassle.