Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Vehicle > How to Buy a Used Electric Car in Hyderabad?

Loan for Vehicle

How to Buy a Used Electric Car in Hyderabad?

How to Buy a Used Electric Car in Hyderabad?

We get it. You want to breeze through your city without polluting the air. Hence the decision to buy an electric car. And why not? Electric Vehicles (EVs) are environment friendly, require less maintenance, and offer a smooth driving experience.

Buying a pre-owned electric car means you sidestep the high prices and long waiting times or the limited availability of new electric cars. But, with the market teeming with second-hand EVs, choosing the right car can be confusing.

So, here’s all you need to do when buying a used electric car in Hyderabad.

Decide on the electric car type

First, you need to choose from Plug-in Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), and Range Extended Vehicles (REx). Here, PHEV models come with a petrol-powered combustion engine as a backup. A REx car also packs a petrol engine to charge the battery if it ever runs out on the road. However, a BEV-type is a pure electric car.

Search for a used car

After deciding the car type, you can scout for an electric car in the second-hand car market. With multiple eCommerce platforms dedicated to used cars, you can also find great deals online. Just Google a second-hand electric car in Hyderabad, and you will get numerous results right on your phone.

Additional Read: How to Buy Second Hand Electric Cars in India?

Pick a model

Now, you must shortlist a few models and compare them on various benchmarks. Consider key factors like the year of purchase, kilometres driven, insurance details, and ownership history. Also, negotiate on the price if you can.

You may even go for a pre-owned car loan if you’re short on funds. Check your used car loan eligibilitywith the financial institution before applying. Keep an eye out for seasonal offers and discounts to land a more lucrative deal.

But, before you finalise the deal, here are some important things to check.

#1 Battery status

The battery is the soul of an electric car. However, depending on maintenance, temperature swings, charging cycles, or even age, it degrades with time. So, you must check battery capacity and status when buying a used electric car. Besides, don’t forget to check its warranty with the dealer.

#2 Maintenance history

Ask the dealer or previous owner about the car’s service history. EVs require relatively low maintenance as there are no exhausts, spark plugs or cam-belts to change. Still, these cars demand occasional tyre changes, washer fluid top-ups, windshield wiper replacements, regular cleaning, etc.

Thus, reviewing maintenance should be an essential part of your used car purchase. Verify the service receipts from the dealer to assess a car’s condition.

Additional Read: How to Buy a Used Electric Car in Bangalore?

Closing thoughts

Found a used EV model you like? Well, take care of the funding with Tata Capital’s used car loan. We extend loan amounts ranging from Rs. 1 lakhs to Rs. 50 lakhs with minimal documentation, easy eligibility, and zero hassles. Our flexible EMI plans ensure that you repay the loan at your convenience.

Moreover, we offer extended repayment tenures of up to 5 years. Get competitive used car loan interest rates, starting at just 15%. Get in touch today!

Apply Now

Your Smooth Ride Awaits: Take a Quick and Easy Vehicle Loans!

Apply now
Popular Searches
safest car in india car down payment pdi full form tax benefit on car loan pdi checklist best cng mileage car sedan cars under 10 lakhs what is adas top rated electric cars best sedan cars in india
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches
Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.