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If you are wondering if you should invest in a used car, then you are at the right place. With diminishing lifespan of car ownership and frequent introduction of newer and revised models, it makes sense to purchase a good quality used car rather than investing in a brand-new car which may leave a huge hole in your pocket. The used-car market has a great variety of relatively new cars, which are worth considering. So, let’s summarise why you should buy a used car.
- Saves money:
- It’s cheaper to Invest in a used car because it saves a huge sum of money. Given that there is a steep depreciation in value in the initial years of ownership, you lose a lot less money here because the initial owner would have borne the depreciation costs. You can easily get a decade of driving from your pre-owned car or even upgrade your segment in the future easily.
- A used car is not only affordable but also cheaper to insure. Many charges including handling, RTO and showroom costs are exempted. Sometimes, you might even get lucky and enjoy the remaining period of insurance that can get transferred to your name.
- With an improvement in credit financing interest terms, it’s easy to save a lot of money in the long run.
- A used cars market opens doors by allowing you to buy your dream car, which wouldn’t affordable otherwise.
2) Minor scratches, dents and other cosmetic damages will not burn a hole in your pocket. After all you can sell it off, exchange it for an upgraded model or even get the damages fixed at a cheaper rate.
3) With strict regulations in place, it is easy to obtain certification and warranties through portals such as CARS24. You could even extend it for more than 6 months. This ensures you have a proper written agreement in place. Some manufacturers even participate in Certified Pre-owned (CPOs) programs to document everything and protect you.
4) If you are lucky, you could find sparingly used and well-maintained latest models in the used car market. They are often still partly covered by warranty.
5) You can easily check for a car’s accident history or the repairs it has undergone through online portals. This ensures you’re not misled and can buy the best second-hand cars available.
6) The availability of data and reviews for older models allows you to have a fair idea on the trends, which can be extrapolated to know how long it may last or what type of problems/maintenance issues to look out for. Moreover, online community forums offer great support and advice. Furthermore, inspections can actually help to understand the condition of the car better.
7) With a lot more flexibility, you can either sell the car after a short period or even scrap it as the loss is minimised.
8) Since used cars aren’t perceived to be of high value, there is less risk or concern of theft.
Conclusion
If you’re seeking to buy a car, the used car market is definitely worth checking. Moreover, with CARS24 you can get benefits like:
- Thorough inspections and testing, backed by a 6-month warranty
- Cheaper competitive pricing
- Great financing options with low interest rates
- Flexible policies, including a 7-day trial money back satisfaction guarantee
- Free RC ownership transfer
- A huge variety of models to choose from
- Prompt delivery for buyers and disbursal for sellers
So do come along and connect with CARS24 – your next dream car awaits you.
