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A car that you and your family can enjoy desire and even is
proud of owning it. Buying a pre owned car can better fulfill
these since it offers a wide range of cars within your planned
budget. For Example in a certain price range you can select
from a Santro / WagonR / Accent / Ikon and even a Honda City.
Typically the life of new car engine is approximately 150,000
kms*, and in average running of car in Indian Scenario is approximately
12,000/- kms* per annum. So year of registration and mileage
both defines the age of car.
New Car Depreciate quicker with high Percentage in initial years.
So on pre Owned car the rate of depreciation is always much
lower then the new car. This Percentage goes down subsequently,
which in turns justify the buying of Pre Owned cars since the
depreciation is only on the cost and not on the performance.
Choice of cars in the given budget is biggest value proposition
for a customer. And when a Pre Owned Cars comes with the “Toyota
U-Trust” assurance and warranty similar to what is available
at New cars to our esteemed customers. This also allows you
to upgrade to bigger car to match your aspirations in your budget.
Once you decide on the budget spend time on evaluating the options.
Car purchase is one of the major milestone of our life. Also
lots of hopes of family is involved. Also don’t miss on:
Complete Test Ride
Visit the showroom in day Light
Check weather all features are functional or not.
Documents.
At all over Stores across we are happy to take you through the
complete demonstration and not only once but till you satisfy
completely.
Look for signs of an accident, such as dents or new paint or
chrome. Make sure the hood shuts properly. Check the body for
rust or fill. Look under the car. Check for cracks in the frame,
rusting or welding. Check the condition of the muffler, tailpipe
and exhaust components. Look for signs of fluids leaking from
the car, including oil, brake or transmission fluid. Lift the
hood and check the condition of the belts and hoses. Check the
battery to see if it is cracked. Pull out the dipstick to see
the oil level, and whether it's dirty. Check the parts and accessories,
such as lights, horn, mirrors, seatbelts, radio, heater and
windows. Make sure they all work. Have a friend check the outside
lights for you. Make sure doors open and close easily, and that
handles and locks work well. Check the dimmer switch, headlights
and windshield washer.
You can pay total value in cash / pay order / demand draft /
credit card / cheque. As well you can take finance from financial
institutions
To get an immediate answer to your question, start at your nearest
Toyota U-Trust Store.
You can reach us by using Contact Form.
Put inputs for said fields on “BUY” section on Home
page.
No.
Send us your requirement, we will search a car for you.
Yes. Toyota U-Trust will help you in financing a car. You can
visit our store in your city; our sales executive will do the
needful. You can avail finance from our all India preferred
finance companies.
Yes. Toyota U-Trust will help you in insuring a car. You can
visit our store in your city; our sales executive will do the
needful. You can avail insurance from our all India preferred
insurance companies.
Yes. In fact, we'll buy your car even if you don't buy one from
us. We will carefully evaluate internal & external condition
of your car as well will check related documents and afterwards
we will give you best quote. And you are under no obligation
to buy one of Toyota U-Trust’s cars if you sell us yours.
You must either bring your car to a Toyota U-Trust store or
get it evaluated free at your doorsteps to receive an evaluation.
To determine your car's value, our evaluator will check the
documents, inspect and test drive your car. When we’re
done, we'll give you a quote, which will be valid for 7days.
For evaluation at our stores, no evaluation appointment is necessary.
Just visit our nearest Toyota U-Trust Store. For doorstep evaluations,
you need to contact us and we will fix an appointment with you
for free evaluation of your car. This process usually takes
15 to 20 minutes, and we'll give you the quote.
First, we check the documents of the cars & then will go
to the car to check the paint and body for signs of previous
body repair and frame or flood damage. Paint and body for paint
lines, overspray, body putty, dents and scratches. Frame damage
will also affect your car's value. At Toyota U-Trust, we don't
resell frame-damaged vehicles to our customers. Then we check
your car's interior, exterior, mileage, and age. Lastly, we
test drive your car to determine its mechanical condition. Excessive
mileage, ownership and wear and tear may lower your car's value
and decrease its resale value.
If you have any questions about the evaluation of your car,
speak with our evaluator who conducted the evaluation. Our evaluators
are trained to explain the evaluation process, including what
they looked for and what impacted your car's value.
If car is hypothecated with finance company, it can’t
be sold until full loan amount is paid back to said company.
You need to collect Foreclosure Statement from finance company
to know about the pay-off amount at the time of selling the
car. Either you pay the pay-off amount or Toyota U-Trust will
pay on your behalf & balance amount of the car will be given
to you against the delivery of the car along with relevant original
documents. Also, Toyota U-Trust will hold a small amount for
the NOC, which will be given to you against the NOC issued from
finance company.
If your pay-off amount is more than the value of your car, we’ll
calculate the difference between your pay-off and our offer
to you. We'll accept a cash or demand draft in favour of finance
company for the difference amount and then pay off your finance
to the company for you. Please note that you might be asked
to visit to finance company office along with our evaluator
to close the loan as this is a requirement by financier.
We’ll buy any car, each car must pass our evaluation process
before we’ll consider it for our lot & will be sold
at our stores. When we sell, we varify the status of the buyer
& ensure that documentation for transfer is handled properly.
Proof of transferred RC is kept in our record & can be sent
to you for your reference on demand.
In most cases, you can trade in your leased vehicle in almost
the same way as any other financed vehicle. Please note that
some leasing companies will not allow you to sell the vehicle
prior to the expiration of the lease.
Following steps involved -
Choose a Pre-owned Car
Fill up the application form
Submission of documents
Field Investigation will be done by financial institution
Approval of Loan by financer
Submission of PDC’s & post approval documents
Disbursement of Loan amount
Who can avail Pre-owned Car Loans?
Salaried individuals in the age group of 21 to 60
years (at the end of the tenure)
Self-employed individuals in the age group of 21
to 65 years (at the end of the tenure)
Partnership Firms
Public & Private Ltd. companies
HUFs and Trusts
Photo Identity Card.
Address Proof
Income Documents
Latest Bank Account Statement
Photographs
This varies upon Model/Year of Manufacturing and at the financer’s
discretion.
Toyota U-Trust will assist you for choosing a car which can
be financed.
You can get up to 80% of the car value on the discretion of
financial institution
Pre - owned cars can be financed for 12 to 60 months
Interest is calculated on a monthly reducing balance basis
Yes, all financial institutional use to charge “Processing
Fee”, which varies from institution to institution.
Loan processing is very quick now a day. Normally once the complete
set of documents is submitted it will take approximately 72
hours for banks to process the payment.
Your spouse or any blood relative staying in the same residence
can be a co-applicant. This is required if income of applicant
is not justifying the Loan amount. It will be required, if income
is less & it need to show more income
No, it is not must. But few financers also extend loan facility
based on Guarantor.
Loan is to be repaid with equal monthly installment (EMI’s)
either through Post Dated Cheques (PDC’s) or through ECS
facility if available.
Can I foreclose my loan before completion of full tenure?
Yes, but only after completion of first 6 months. Foreclosure
fee varies from 3-6% of outstanding principal.
Hypothecation on the vehicle
Noting of the hypothecation charges in the books
of the RTO
Please visit our section - Corporate - “About Us”
No, not necessarily you can BUY/ SELL car just by visiting BUY
or SELL Section. In case you get registered at our site we will
update you with all new cars added in our stock/ products/ different
offers available.
No. Individual buyers and sellers can use one login ID for both
Buy/ Sell.
Kindly write to us at toyota U-trust.com with your contact details.
Use the forgot password link in the login form. Click here
Logon and go to the Member Section (Click on Home after you
have logged in) & click on Edit Profile
Please sign-up for a free web-based email address that is easily
available. Email will be an important mode of communication.
You “Find a Store” section at our website. We are
in a phase to strengthen our pan India network to serve you
better.
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