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Thinking of buying a car? Besides the new cars that you can avail from, the used car market is gaining popularity day by day. It might generally be a good idea to start off with a second-hand car for first time buyers. You maybe able to pick up good deals on premium cars in the used car market. Financing of the cars, however, be it used or new, poses a question. Several banks like HDFC,ICICI and SBI offer attractive loans for both used and new vehicles. So it would be a good idea to check out the interest rates of different banks before taking a decision.
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