If you are still stuck in the dilemma of new vs old cars, here are 10 reasons that prove buying a used car can be beneficial.
Innovation has taken the automobile industry by the storm. Every new car that rolls out of the maker’s garage is loaded with features better than previous one. The idea here is to grab the audience’s attention by making cars more futuristic; this somewhat has attributed to the increase in car prices all over the world. However, there is a way you can own a car in such market conditions by purchasing a used car.
Sometimes people sell cars just months after owning them while looking for an upgrade. This can be your opportunity to own a car for a lower price. Here are 10 reasons that prove buying a used car can be beneficial.
- Save money: New cars lose their value as soon as they come out of the showroom. Within first six-seven months, the car loses more than 15% of its value. Also, when buying a new car, you have to pay numerous charges before you finally own it. For example. To own a new Maruti Suzuki Swift Lxi in New Delhi you have to pay INR 5, 28, 057. On the other hand, the same car after a few months will be available at much lesser price (INR 3, 85,000) if you buy from an individual first owner.
- Get an upgrade: Suppose you are planning to buy a car with a budget of INR 6 lakhs. At this price, the best car you could get is a bulky looking hatchback with standard features. On the other hand, if you look for a used car at this budget, there are chances that you can get an elegant looking sedan with exclusive features that make driving more comfortable.
- Stress-free driving: Used cars come with perks, which make the buyers life easier. One of them includes freedom from damage stress. New car owners stay very conscious about their car for first few months or a year. Even a minor malfunction sends shivers down their spine while a scratch or dent is a farthing. Used car owners even take cars on trips and long journeys as soon as they buy them, which is not the case with new car owners.
- Low insurance cost: Car insurance is one of the most important things to have when driving on Indian roads. With potholes and turns on every road, Indian roads increase the risks of the accident by 15%. For a new car owner insurance comes with a hefty price so that he or she can avail claim benefits for any damage caused due to accidents. But if the car is old then taking depreciation into account, the insurance company offers coverage at a lower price.
- Cheap registration fees: When buying a car, we often refer to the online data, but websites only display the ex-showroom price and do not show other charges, which will be levied at purchase. At purchase, a new car owner has to pay INR 15, 000 to 20, 000 more for vehicle registration charges. Since, used cars are already registered, the new buyers has to just pay the charges for owner name change.
- Buy exclusive cars: Some people often go looking for cars that are either limited edition or have low market awareness. In order to avoid spending a huge amount of money on latest or limited edition cars, you can opt for vintage or retro cars as they serve as better eye candy on the streets.
- Quick ownership: It can take days or perhaps weeks to get your new car at your doorstep. Factors like availability, inspection and accessories installations take time, which is the primary cause of the delay. Used cars do not require such hassles as you just pay the money to the seller and drive away with the vehicle. Processes like registrations are also less time consuming for used cars.
- Repair anywhere you like: New car owners have to stick to their authorised service centres for a brief period of time. It is a common fact that service centres charge you for every single thing whether your car needs a small nut fastening or oil change. A used cars buyer can get his car repaired anywhere he feels right. Used car buyers can save a lot of money by getting their car serviced from good local mechanics.
- Modification freedom: For people who like to customise their cars with special parts and accessories, buying a used car is the best option for them. Body or parts changes in the initial years of the car might not be a good idea as it can affect the car's performance. Whereas a used car easily slips through the knot of modification.
- Variety: if you have a low budget for a new car, there are fewer chances that you may find variety. But if you have around INR 6-7 lakhs and you are looking forward to purchase a used car, you can choose among different models from diverse segments.