5 Reasons You Should Consider Buying Second-Hand Cars
With advancements in the auto industry, cars are becoming increasingly more expensive. This has put them far out of reach for a lot of Indians. But the good news is that the average life span of cars is also going down, helping push down their prices as rapidly as they launch. All thanks to manufacturers launching newer versions of their models sooner now as compared to a few years ago.
For you, this means it is now easier to buy your favourite car without burning your pockets or draining your savings. A used car makes much more sense, especially for first-time buyers who are upgrading from a two-wheeler. Here are five reasons why you should consider buying a second-hand car –
You can upgrade your segment and save money
Did you know that a new car loses almost 10% of its value as soon as it comes out of the showroom? That’s because once it is sold, it becomes a used car. Going for used purchase means you have to pay a lot less than the original value of the car (obviously also depending on the year of manufacture and kilometres done), hence helping you save quite a lot of money.
Moreover, if you have a specific budget, you can even jump a segment and opt for a slightly older car model in the same price band. Wouldn’t that be just great?
Second-hand cars have slower depreciation
While all cars undergo depreciation, a used car has a lower depreciation rate than a new one. Depreciation of a vehicle is at its peak during the first three years of purchase. When you are buying a used car, you will purchase it at a price which has already gone under major depreciation. This means your car investment loses lesser money.
Insurance is also cheap and you need not pay additional money
Getting insurance for a used car is much cheaper than that for a new one. Moreover, you don’t have to pay additional taxes, essential kit charges, extended warranty charges, and other clauses that make a new car expensive. If you are lucky, you can get a second-hand car which is already covered under insurance for a considerable amount of time.
Drive without stress
A used car comes with a lot less baggage like the jitters of getting that first scratch or dent on a shiny new car. You can take it out for longer journeys as soon as you buy the car, since taking a brand-new car out for longer trips before the first service or inspection is something that is better avoided.
Used cars now are as good as new ones
The way used cars are sold and purchased now has evolved. You can get certified used cars at your fingertips, with a plethora of apps available at your disposal. Most of these apps have experts who guide you through the process, or engineers who do a thorough inspection of the used car before listing it on the platform, to avoid any troubles to the new user.
A second-hand car is a practical decision for first-time car buyers. Not only do you save money, but also don’t lose out on much whenever you decide to sell it. So, unless you really want the latest model, we’d say give used cars a chance.
Debarati is a perpetual wanderer, a thorough planner and a closet Bollywood lover. She spends her time writing and reading about anything and everything, when not busy fantasizing about a cabin in the mountains and food. Lots of food.