Automotive

3 Reasons Why You Should Consider Buying a Used Car

When someone wants to buy a car, they first think of buying a new car. Why wouldn’t they? A new car has its charm and when you are buying a car, which is a large expenditure, why would anyone want to spend on a car that’s used? It makes sense from that perspective but when you step into the automobile market, you will find that it’s more practical to buy a used car.

The market of used cars was once unorganised, and people were justifiably wary about buying a pre-owned car. However, now that brands like Maruti Suzuki have stepped into the market, it is now a viable option to buy a used car instead of a new one. Recent years have seen a rise in the sale of used cars in Delhi. Many people now consider it more practical to buy a used car than a new one. So, what is it about a used car that is so lucrative? And if it is such a practical option, should you buy a used one as well? At least, you should consider it. Here are 3 reasons why:

  1. Low Rate of Depreciation

If you have bought a car before or have read about owning one, you would know that a car is a depreciating asset. This means that its value reduces with time. One thing you may not know is that the rate of depreciation of a car is the highest when it’s new. However, the rate of depreciation of a car lowers with time. So, when you buy a new car, much of its value has already been depreciated. At that point of purchase, its rate of depreciation is the lowest and it will only become lower with time. In other words, if you decide to sell your used car for another one after only 1 year of owning it, its value will not have depreciated much.

  1. More Value for Your Car

One way to look at used cars is that you get to buy your favourite car at a lower price. Another way to look at it is that you can buy an otherwise expensive car that you wanted but could not afford the new one, but you can afford a used one. To put it simply, imagine that your budget for your car is Rs 5 lakhs. The new car that you initially wanted to buy was for Rs 7 lakhs. However, instead of a new car, if you go for the pre-owned option for the same car, it would be in your budget. It’s a win-win for you. You will get to buy your favourite car and won’t be going beyond your budget to own it. In other words, you will get to buy a used car in Delhi, the one that you always wanted to buy.

  1. Vast Variety of Options

One of the best parts about buying a used car is that you will get a vast variety of options to choose from. The market for new cars may have only a handful of cars but the used cars market is huge. You will check out the same model of a car that’s nearly 7 years old, and the one that’s almost as good as a brand new and is hardly 2 years old.

With brands like Maruti Suzuki stepping into the used car market, you can now find plenty of used cars for sale in Delhi and other regions. Choose the best one for yourself. Although you may still want to buy a new car, at least consider buying a used one.

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