Vehicle Finance (New/Used)
At Sole Capital Finance, we make car ownership simple, fast, and affordable — whether you’re buying brand-new or pre-owned. Our customized car loan solutions are designed for salaried individuals, business owners, and professionals, helping you drive away in the vehicle of your choice without financial stress. Looking for a new car? From hatchbacks and sedans to SUVs and luxury models, we offer quick approvals, flexible EMIs, and attractive interest rates that fit your lifestyle. Thinking about a used car? We provide easy financing for vehicles up to 10 years old, with competitive rates and convenient repayment options, making it easier than ever to invest smartly in a pre-owned vehicle. contact us today.
Gujarat’s most accessible Financial Advisor
What is vehicle finance?
Vehicle finance is money that is borrowed to acquire a vehicle, usually to buy or lease. While car loans are the most common kind of vehicle finance, the term also refers to motorbikes, caravans, and boats.
How does vehicle finance work in India?
A vehicle finance loan gives you a lump sum of money to buy a car or other type of vehicle. You pay the money back in monthly instalments along with fees and interest.
The exact rates and fees you will need to pay will depend on the lender and type of vehicle. Carefully review the rates, fees, and payments you’ll need to pay before you enter into a loan agreement.
Different vehicle finance options suit different products and situations. For example, some people find having a balloon payment at the end of their loan suits them more than the usual repayment setup. This means that they pay less in repayments and make a large payment at the end of the loan to cover the remaining cost.
Key Features
New Car Loan
Loan up to 100% of on-road price. Attractive interest rates starting from industry-low. Flexible tenure up to 7 years. Special schemes for Women Applicants and Corporate Employees.
Used Car Loan
Up to 95% financing of car value. Tenure up to 5 years. Funding for individual, commercial, or luxury second-hand cars. Hassle-free documentation and quick disbursal.
Automobile finance FAQs
If you haven’t used a finance broker before, you probably have some questions. Let’s help you get some answers.
Vehicle finance or personal loan?
Vehicle finance is a type of personal loan used specifically for the purchase of a vehicle, often a car.
It might seem counterintuitive but in some instances, a vehicle loan may not be the best choice for you. For example, if you have other loans, it might be more financially savvy to get a debt consolidation loan. This means you get the money to finance your vehicle and pay off your other debts from one loan. That way you aren’t paying interest on multiple loans, and it is simple to keep track of your payments.
Can I get vehicle finance with a low credit score?
You may still be able to get automotive finance with a lower credit score but you will have fewer options. A vehicle finance broker can help you find a loan to suit your financial situation.
How old can a vehicle be to finance?
The max limit on vehicle age will depend on the lender and client. For example, most lenders will finance a vehicle that is up to 10 years old at the end of the loan term. Whereas other lenders do not have a limit on vehicle age and decide eligibility based on the client profile.
If you are unsure about your eligibility, contact us for more information.
What are vehicle loan rates?
The interest rate on auto loans is calculated by how old the vehicle is (newer vehicles have lower rates, second-hand vehicles have higher), the length of the repayment period, your credit score, and the lender you choose.
An auto finance broker can help negotiate terms to suit your individual financial situation.
Is a vehicle loan tax deductible?
This will depend on your type of vehicle loan. Vehicles being used for business purposes can claim certain tax deductions, like interest costs and depreciation value. But personal use cannot be claimed for tax.
Why choose Sole Capital Finance?
Large network of specialist lenders
Fast, friendly service with access to lenders nationwide. We have a solution for every credit rating – great, good, average or bad.
Tailored loan solutions
Everybody’s finance needs are slightly different. We don’t just get you any old loan. We work hard to get you the ideal loan and secure it on your behalf.
Friendly, local expertise
Sole Capital Finance is a team of local finance brokers, not a faceless corporation. We’re just Indians helping Indians get finance!
Large network of specialist lenders
Fast, friendly service with access to lenders nationwide. We have a solution for every credit rating – great, good, average or bad.
Tailored loan solutions
Everybody’s finance needs are slightly different. We don’t just get you any old loan. We work hard to get you the ideal loan and secure it on your behalf.
Friendly, local expertise
Sole Capital Finance is a team of local finance brokers, not a faceless corporation. We’re just Indians helping Indians get finance!
Our Process
Step 1
Submit basic information.
Step 2
One of our expert brokers contacts you for more information.
Step 3
We review lenders and negotiate to find the best loan for you.
Step 4
We file the application on your behalf.