<h1>Understanding Interest Rates for Used Car Loans: Tips to Secure Better Deals with Shriram Finance's Flexible Options</h1> The used car market is expanding due to factors like affordability and technological advancements, necessitating an understanding of interest rates on used car loans. Financial institutions, including banks and NBFCs, offer attractive loan features, with Shriram Finance providing loans starting at 10% interest per annum. Interest rates vary based on credit scores, loan amounts, tenures, vehicle condition, and economic factors. To secure better rates, borrowers should improve credit scores, compare lenders, make larger down payments, and negotiate terms. Shriram Finance offers flexible repayment options, high financing percentages, and easy application processes, making it a preferred choice for used car financing.