What types of used commercial vehicles can be financed?

A wide variety of used commercial vehicles, including various models of trucks, buses, tempos, pick-up trucks, and heavy construction equipment, are eligible for financing from reputed loan providers.

Generally, used vehicles that are generally less than 8 years old from their year of manufacture, have total mileage under 6 lakh kilometres, and are in good working condition can qualify for financing. Financial institutions often finance vehicles like used tipper trucks, trailers, refrigerated trucks, tankers, and cash vans that meet the above criteria. Brands like Tata, Ashok Leyland, Eicher, and Mahindra have good resale and financing value.

While financing used commercial vehicles, aspects like physical inspection, valuation assessment, pricing negotiation, buyer credibility, and the vehicle's age and mileage also play an important role. Many banks and NBFCs now offer flexible loan options, especially for used commercial vehicles. Overall, a well-maintained used commercial vehicle that falls within common eligibility norms has reasonably good finance prospects