5 Smart Reasons to Buy a Used Car in India - Everyone Must Know


If owning a car has always been one of your dreams and saving money is what you’re good at, a used car is the perfect way to combine your passions. There are a lot of advantages to buying a second-hand car but one of the biggest ones is that it can help you save a lot of cash. Given that the used car market in India has become one of the biggest in the world, finding a car that is perfect for you should not be difficult. But if you are still on the edge, 

Here are 5 smart reasons why buying a used car is ideal.

It Minimizes Depreciation

One of the biggest downfalls in buying a new car is that it depreciates extremely quickly and you lose out a lot of money within the first few years after purchase. As soon as a new car is taken out of the lot, its value depreciates by about 20 percent. It loses another 10 percent after the first year which means you lose 30 percent of your new car’s value in just a single year. This is where a used car comes in handy. If you manage to buy a used car that is just a year old, you save yourself from that depreciation. A 2-3-year-old car is even better as it not only costs less, but the depreciation value is significantly lower which means you lose out on a lot less when you invest in an older car.

It Reduces Insurance Costs

When you buy anything new, you go out to protect it. This applies more to a car than anything else. Insurance costs on a new car can often reach unimaginable heights. On top of that, theft and collision insurance costs add up to even more. A second-hand car, fortunately, does not require high insurance costs as their values are lower than new cars. You can even skip out on theft insurance or collision insurance if the car is an older model which means you save even more.

It Reduces Registration Costs

Registering a new car in India costs a lot and it depends on each state’s fee. You can avoid those costs by simply investing in pre owned cars and save a lot of cash. Since registration fees vary in different states and are always on the rise in a way to boost the revenue in the country, these fees are often extremely high and make buying a new car a headache. That is why buying a used car is so much better.

It Offers More

Today, the differences between new cars and used cars are so small that it is practically unnoticeable. That is why you can spend less and get more when you choose a used car. The used car market is massive and opens up more opportunities to get better cars for a lower cost. Even when it comes to buying a premium or luxury car, you can easily afford a second-hand model rather than a new one. In fact, premium 2nd hand cars in Bangalore are some of the most used cars in the city and a 2-3-year-old model can be had for the same price as a new entry-level model. Since manufacturers are making their cars a lot tougher and durable now, they are capable of lasting for a longer time and can be used for more than just a couple of years.

It Is No Longer a Risk

Usually, buying a second-hand item carries a certain amount of risk as nothing much can be known about it. The risk intensifies when it comes to used cars. Earlier, buying a used car was extremely risky as the seller would avoid sharing any information or faults of the car with the buyer. This is no longer the case as all the information for any car is available online. The details about the previous sellers, any accident information, or any other complications are easily available for any buyer to see. This makes it a lot more ideal for anyone looking to invest in a second-hand car.
Ever since people starting investing in used cars, there have been mixed feelings towards the segment. While some people agree that buying a new car is a lot better, there are a lot of people who have turned to second-hand cars instead. With a laundry list of advantages and benefits, used cars have come a long way in today’s market. From the pricing to the features available on them, pre-owned cars are today, some of the most used cars in the country – and for good reason. It has also become easier to get your hands on a used car today as many dealerships have their own websites that sell used cars online.
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Author Bio - I am Pawan Gupta and an automobile expert. I also write blogs related to the automobile industry over the last 2 years.
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