5 Benefits of Buying a Used Car

5 Benefits of Buying a Used Car

Buying used cars is an intelligent way for saving money on your everyday commute. Not just that, a used car has lot more benefits than one could actually imagine. They not just save money on the ex-showroom price but also saves many taxes that adds on the time of registration of a vehicle. Here are some benefits of buying used cars in India.

#1 Better Price Tag

If you are always dreaming about a certain car but could not reach due to pricing issues, going for a used car can definitely help you fulfill that dream. The value for cars can fall by up to 40 percent in the first year while decent usage and under warranty placement of the car makes you carefree about the ownership experience.

#2 Reduced Insurance Cost

Cars have a high insurance value for first few years while the same goes down with passing years. Even if you look for a car with 2 years on its life cycle, you can save up to half the amount on its insurance premium. Try looking for cars without accidental history to avoid the bump in insurance value.

#3 Certified Options

Online marketplaces like Truebil and Droom are known for their certified cars that pass through as many as 150 checkpoints before delivery. This brings peace of mind to the new owner. They even offer the best available market prices with number of other benefits like discounts on various other services.

#4 Least Depreciation

Suppose you buy a new car and plan to sell it for another car in just 10 months. The value will drop drastically and you may loose around INR 1 lakh from a car worth INR 5 lakh. If you have bought the same car through used car marketplace, the depreciation after 10 months would fall to just 5-10 percent (INR 25,000-50,000).

#5 Multiple segments in one price

Used car market is such vivid that you can get a used Skoda Octavia for the money you might be planning to spend on a new Honda City. The different resale values help buyers switch multiple segments and one could easily buy a premium car at the price of a new budget sedan. Those who change cars frequently will definitely get benefits from buying a used car.