Cars24®: Buy & Sell Used Cars

CARS24 – Buy, Sell & Finance Cars

Founded in 2015, CARS24 is one of India's leading automotive platforms, helping customers buy, sell and finance pre-owned vehicles, along with a range of vehicle-related services.

Buy Quality Used Cars

Choose from a wide range of quality pre-owned cars that undergo a comprehensive 300-point quality inspection.

Benefits include:

• 300-point quality checked cars

• Home test drives or visit a nearby CARS24 Hub

• 30-day return policy

• Exchange and upgrade options

• Financing options for eligible customers

Sell Your Car Easily

Sell your used car in a few simple steps.

• Instant online valuation

• Free vehicle inspection

• Fast payment

• RC transfer assistance

• Loan closure support

• Seller Protection Policy

Vehicle Finance

Cars24 Financial Services Private Limited facilitates vehicle financing both directly and through regulated lending partners.

Vehicle Loans

Eligible customers can apply for vehicle loans through the CARS24 App.

Features:

• Quick eligibility check

• Simple application process

• Flexible repayment options

• Competitive interest rates

Personal Loans

Personal loans available through the CARS24 App are facilitated by Cars24 Financial Services Private Limited, acting as the Lending Service Provider (LSP), in partnership with EarlySalary Services Private Limited (Brand: Fibe), which is the regulated lending entity.

The CARS24 App acts as the Digital Lending App (DLA) for this arrangement.

Personal Loan Details

Repayment period: 3 months to 60 months

Processing fees: Starting from 2% of the loan amount (plus applicable taxes)

Maximum APR: Up to 45% per annum

Representative Example

Loan Amount: ₹5,00,000

Tenure: 36 months

Interest Rate: 20% p.a. (Reducing Balance)

Processing Fee: 3% + applicable GST (₹17,700)

Monthly EMI: ₹18,582

Total Amount Payable: ₹6,68,945

Total Cost of Loan: ₹1,86,645

Effective APR: 21.92%

The final loan amount, interest rate, processing fee, APR and repayment terms depend upon the customer's eligibility and the lending partner's credit assessment.

Other Financing Arrangements

Cars24 Financial Services Private Limited also partners with other regulated financial institutions, for separate financing products and offline co-lending arrangements.

Other CARS24 Services

The CARS24 App also offers:

• FASTag purchase and recharge

• Traffic challan payment

• RC transfer services

• Roadside Assistance (RSA)

• Car insurance

• GPS tracking

• Vehicle scrapping services

Download the CARS24 App to buy, sell, finance and manage your vehicle with ease.