Reasons Why Buying Used Cars makes Sense Over New Cars This Festive Season
By:Sutanu Guha Updated On: October 27, 2021 18:50 IST
As an auto enthusiast, Sutanu has always been captivated by the world of automobiles. From a young age, he developed a keen interest in cars, fascinated by their designs, performance, and engineering. His passion for automobiles only grew stronger over the years, as he delved into learning about different makes and models, their histories, and the latest technological advancements in the automotive industry.
The recent pandemic has hit several industries, especially the automotive industry. The global shortage of semi-conductor chips has pushed the waiting period of several cars and has even forced some manufacturers to take drastic steps. But besides that, new cars have now become so costlier that it makes them a high-value purchase for the common man. So, in these grim circumstances buying a used car makes the most sense. Below are some of the points that further enunciate the above claim:No Waiting PeriodThe best part about buying used cars is that there is no waiting period at all. You can go to a certified showroom, choose your car, and return home the same day with the purchase. Unlike, when buying a new car for which youll have a long waiting period. And given how the global chip crisis is acting out, there are several SUVs like the new XUV700, the Thar, or the Maruti Suzuki Vitara Brezza - they all come with long waiting periods. Also Read: 10 New Tata Electric Cars to Launch in the FutureNo Dramatic Cost DepreciationNot many people are aware of the fact that when you buy a new car, it loses 8-10% of its purchase price the minute it leaves the showrooms. Precisely the reason why used car purchase makes more sense. Not only are they priced better, but the percentage of depreciation cost also is not as high as new cars.For example, the base model Maruti Suzuki Lxi has an on-road price of Rs. 5,28,057. But if you wanted to buy the same model from the used car market it will cost you around Rs. 4,11,000 including all costs. It can even cost cheaper if you directly buy it from the owner. Similarly, you can also jump segments and directly get your hands on one of the premium cars that you have always aspired to buy. Chances are it will not big hole in your pocket. Cheaper Insurance CostsGetting a used car insured costs less than a new car. This is primarily because the new car has several other parameters, like additional taxes that shoot the purchase price easily. On the flip side, the insurance cost of a used car is not determined by any such factors. Or if youre buying a used car that is still under insurance cover, all youll need to do is pay the remaining amount, or you can get it transferred under your name. Either way, its not going to cost as much as to ensure a new car. Thereby, Easier Finance SchemesMost car dealerships now have their own used car catalog, which they are willing to sell with easier finance schemes. Basically owning a car has now become much easier, especially when it comes to buying used cars. This is particularly due to the tie-ups that dealerships have with lenders, so they utilize all of their resources to get your finance approved as soon as possible. Even if you have a bad cibil score. Reliability Most modern cars that are manufactured now, are more reliable than yesteryears. Cars now not only long laster, but some models can also do 1,00, 000 kms without breaking a sweat. Thus, if youre buying a used car, you can very well be assured that it wont break down sooner. Unless the said used car has a bad history. In which case, you can always look for other models. But the majority remains reliable in the long run. Also Read: 7 SUVs with Long Waiting PeriodSupport from Aftermarket CommunitiesAnd because at the end of the day the used car feature in the aftermarket segment. There are many communities that would be willing to guide you to the right buy. Everybody realizes the importance of used cars, and how lucrative this collection can be. So, when youre going for a used car, you are also becoming a part of a community that will always be honest about the issues that a said car has, upfront. Unlike, showroom salesman, who are motivated by sales numbers rather than offering a quality product. So, now that you have a fair idea about the used car market and why they are better, what do you think? Would you still buy a new car and wait for long periods? Let us know by joining our91Wheels Telegram and91Wheels Whatsapp. You can also conduct discussions on your favourite ride and much more! Also, you can subscribe to ourYoutube channelfor video content on the latest from the world of cars and motorcycles. Also, connect with us onFacebook,Instagram, andTwitter for more about vehicles!
