What is the right car for you: a new or used one? – Here’s The Answer!
Do you need help deciding whether to buy a new car or a used one? You can buy a used car for many reasons. When you purchase a car, you display your pride and indicate your social status. We usually end up doing this when buying a brand-new car. There is still a stigma attached to purchasing a used car in India, but we disagree. We will show you why a used car is always a better choice than a new one in case you are wondering which one is right for you: new or used. Because the used car industry has become more organized, it is now easier to buy a Second hand car than ever before. You might want to consider used options if you are looking to buy a car for these valid 5 reasons
Buying a Used Car Saves Money
New cars are more expensive than used cars. Furthermore, a well-maintained used car is more cost-effective than a new one. You can buy a well-kept, less used, months-old sedan for 6-7 lakhs instead of a brand new car for Rs 8 lakhs (on-road). India's cars are all the same.
Likewise, used cars are more affordable than new ones if you're on a tight budget. As an example, if you have Rs 2 lakh to spare, the only new car you can buy is the best-used car Vitara Brezza base model. Alternatively, you can get options such as the Alto, Wagon R, Santro, i10, etc., for the same money!
You Can Upgrade In Life
This point continues from the previous one. Here's an example of a middle-class family who wants a larger car for their growing family. If his budget is Rs 5 lakh, he might consider the Hyundai Grand i10 or the soon-to-be-launched Tata Tigor. Alternatively, he can happily buy used Maruti Dzires, Hyundai Vernas, or even a second hand car Tata Nexon for the same amount of money. Cars like the Grand i10 or Tigor are definitely in a different segment. The bigger the car, the more comfortable, the better the features, and the safer it is, and of course, the more socially acceptable it is.
Depreciation is handled
Most buyers are unaware of this fact. The depreciation value of every car varies. The value of your new car goes down the moment you drive it out of the showroom! A car depreciates 25-30% in its first year and another 10-15% in its second year. If you sell an 8 lakh rupee car after 3 years, you will lose 4 lakh rupees. You'll lose half your money if you sell a used car after 3 years because a used car already has the depreciation absorbed by the first owner. Sounds nice?
Easy financing options
In light of what we said above, the used car market is starting to organize. Almost all car manufacturers offer pre-owned divisions, and more and more financial institutions offer lucrative loans. Therefore, buying a used car is no longer associated with high EMIs. Used car manufacturers are also now offering zero-down payment schemes. Let's splurge!
Peace Of Mind
Used car buyers have often been apprehensive about the reliability of used cars. Nowadays, cars are highly reliable thanks to modern engineering. Furthermore, most owners purchase extended warranties due to the longer warranty period. Best used car that is 1-3 years old is risk-free purchases. A car owner can also provide a buyer with the service history from any authorized workshop. Are you better off buying a new or used car? We hope you have the right answer by now. It is now beneficial to buy a used car as you have read. Taking advantage of these schemes gives you more for your money, you can upgrade to a bigger car, and you have the peace of mind you need. Pre-owned cars also allow you to change cars whenever you want without losing a lot of money! The first step in selling your old car and buying a bigger ‘new’ used car is to do a free online valuation. Also, check out our article on the best-used sedans under Rs 2 lakh.
