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Consumer perspective: Watch out for flood-damaged cars on used vehicle market

Girnarsoft’s auto website CarDekho has partnered by non-banking financial Inc. (NBFC) Hero FinCorp to offer financing options for used vehicle buyers.

Hero Fincorp going to Utilize the company’s loan management platform, to provide loan processing service to possibility borrowers on CarDekho’s on-line platform & its dealer network.
Both the companies going to work closely to deploy technology & large information to make the used vehicle financing trial further convenient.
In addition, Hero FinCorp going to Utilize CarDekho Trustmark report to assess the valuation of used cars to let faster processing of used vehicle loan applications.
Expansion into insuranceMeanwhile, earlier this year, CarDekho’s parent Girnarsoft received a agreement from the Insurance Regulatory & Growth Authority (IRDA) to launch an auto insurance vertical.
CarDekho partners

Thousands of hurricane cars Guessed to flood used vehicle market

Please able Javascript to watch this videoDENVER– AAA has a caution for aftertime vehicle buyers: Beware of flooded cars from hurricane zones.
“We’ve seen it after every great hurricane: Colorado’s used market gets flooded by flood-damaged vehicles,” said AAA Colorado spokesman Skyler McKinley.
A ‘salvage title’ means the vehicle was declared a total loss by an insurance Inc. due to a serious accident or some other problems.
A ‘flood title’ means the vehicle has damage from sitting in water deep sufficient to fill the engine compartment.
AAA Colorado offers these advices for used vehicle buyers:

Shocking used vehicle mystery EXPOSED which can cost you while buying a second-hand vehicle

Fresh study vehicle clocking is continue rife across the country, by 2.3million cars in the UK by modified mileage.
The invention of digital milometers was supposed to eradicate vehicle clocking & false mileage readings in the UK however it appears which 1 in 16 are continue affected.
Customers suffer also by estimate costs associated by these discrepancies rated at £800 mn annually, according to cap hpi.
Motorists in UK are paying a premium for reduce mileage cars just to disclose which they are Actually being ripped off.
There are a number of reasons the reason clocking is on the up Barry Shorto, cap hpi“There are a number of reasons the reason clocking is on the up.
Shocking used car secret

CarDekho.com ties up by Hero FinCorp for used vehicle financing

NEW DELHI: Auto portal CarDekho.com on Monday said it has partnered by Hero FinCorp to provide financing options to its used vehicle buyers.CarDekho.com is a portal of Girnar Software founded in March 2008.Hero FinCorp, an NBFC , going to utilise LoanBox , CarDekho’s proprietary loan management platform, to provide seamless loan processing trial to possibility borrowers on the CarDekho platform & its dealer network, said Girnar Software in a statement.
“Both the companies going to work closely to deploy technology & large information to bring innovation & convenience in used vehicle financing experience,” it said.Hero FinCorp going to Utilize CarDekho Trustmark report to assess the valuation of used cars to let faster processing of used vehicle loan applications.Unlike Fresh cars where 70 per cent of cars are purchased on loans, finance penetration in used cars is low at 12-15 per cent, according to the portal.
“This association going to help America achieve our vision of making used vehicle buying as simple as Fresh vehicle buying & help purvey used cars on simple EMIs,” said Amit Jain, CEO, GirnarSoft.Abhimanyu Munjal, Joint MD & CEO, Hero FinCorp, said his Inc. sees digital platforms such as CarDekho.com playing a key role in the segment.

collected by :Haily Jackson

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