Industry for cars has recently been growing at a steady rate ever since the common man in India could afford them. The auto industry gives a huge push to the GROSS DOMESTIC PRODUCT of the country (as big as 7. 1%) yearly. But that is merely for newly created autos. These new cars come with a lot of technology and gizmos. Many of the first-time potential buyers are confused about which car they would like to buy, and how well they might be able to maintain it. Think about the pre-owned automobiles? How about the 5-years old car which the family doesn't drive now?
Very well, it turns out that India has a growing with regard to used cars as well. Relating to The Economic Moments, India's used car market has had a secure growth. From 1 ) 6 million units (worth Rs 38, 500 crore) in 2011, it is today pegged at 3. 3 million units (Rs 96, 000 crore). This kind of is forever growing, because there is always a circulation of money and cars in the Native american indian economy. That raises the question, For anybody who is buying a pre-owned car The answer, very simply, is certainly. Our team at checkmygaadi believes that the first car you buy should be a pre-owned one. Here are 5 reasons why:
1 ) Selling price: You guessed it? the most evident reason is price. And why would not it be? You are essentially spending 60% of what the car was formerly worth, getting the same model, with some miles on the odometer- nothing wrong with that. Not only that, you have a much larger array of choice available with you if you consider buying an used car. You can purchase a bigger car with this of a smaller one. In fact, who doesn't like saving some bucks, right?
2. Fall: A car, on an average, loses 40% of its value in fall in the first season of its purchase, which makes it easier for you, because you'll be paying for what the car costs after the initial couple of years. Along with the financial depreciation, what all car owners experience is mental depreciation- the initial few scratches and bumps, that happen to be bound to happen, really take a toll. But you will not have to worry about this with an used car.
3. Insurance: The insurance of the car also falls using its monetary value, which to you paying a smaller premium cost annually, to insure the car of your dreams.
4. Reliability: All the cars created nowadays go through series of demanding test procedures to ensure that the car which rolls from the factory floor is ready to go through all of the real world challenges, which too, for a long time. Japanese companies boast of guaranteed performance of the vehicle till 200, 500 km. So even when you are purchasing a pre-owned car, won't have to worry about it breaking down for some time.
5. Extended Warranties: Most car buyers these days choose for an extended warrantee. In case you are buying a two-year old car, chances are that you get an extended warrantee with it. Of course, the components included in the warrantee vary a lot.
six. Financing: Due to the huge investments being made, a lot credit is available in the region. Banks and other establishments now offer financing for used vehicles, which always takes some burden off our chests.
7. Decision: This is a complicated one. While also being a con (not all cars designed for buying second-hand), it is an benefit to those looking to buy used cars. In the event you are into timeless classics, or else you desire a specific make/model of the car, buying pre-owned cars is your only choice.
8. Qualified Cars: We, at checkmygaadi, assure the client of the highest level of satisfaction. We check the automobiles inside-out, and give a detailed report, so as to make a better-informed decision, and buy the pre-owned car you want, without a smidge of doubt.
Consequently buying an used car nowadays is not only common, but also quite easy, which is why we recommend one to buy a pre-owned car as your first one.
Very well, it turns out that India has a growing with regard to used cars as well. Relating to The Economic Moments, India's used car market has had a secure growth. From 1 ) 6 million units (worth Rs 38, 500 crore) in 2011, it is today pegged at 3. 3 million units (Rs 96, 000 crore). This kind of is forever growing, because there is always a circulation of money and cars in the Native american indian economy. That raises the question, For anybody who is buying a pre-owned car The answer, very simply, is certainly. Our team at checkmygaadi believes that the first car you buy should be a pre-owned one. Here are 5 reasons why:
1 ) Selling price: You guessed it? the most evident reason is price. And why would not it be? You are essentially spending 60% of what the car was formerly worth, getting the same model, with some miles on the odometer- nothing wrong with that. Not only that, you have a much larger array of choice available with you if you consider buying an used car. You can purchase a bigger car with this of a smaller one. In fact, who doesn't like saving some bucks, right?
2. Fall: A car, on an average, loses 40% of its value in fall in the first season of its purchase, which makes it easier for you, because you'll be paying for what the car costs after the initial couple of years. Along with the financial depreciation, what all car owners experience is mental depreciation- the initial few scratches and bumps, that happen to be bound to happen, really take a toll. But you will not have to worry about this with an used car.
3. Insurance: The insurance of the car also falls using its monetary value, which to you paying a smaller premium cost annually, to insure the car of your dreams.
4. Reliability: All the cars created nowadays go through series of demanding test procedures to ensure that the car which rolls from the factory floor is ready to go through all of the real world challenges, which too, for a long time. Japanese companies boast of guaranteed performance of the vehicle till 200, 500 km. So even when you are purchasing a pre-owned car, won't have to worry about it breaking down for some time.
5. Extended Warranties: Most car buyers these days choose for an extended warrantee. In case you are buying a two-year old car, chances are that you get an extended warrantee with it. Of course, the components included in the warrantee vary a lot.
six. Financing: Due to the huge investments being made, a lot credit is available in the region. Banks and other establishments now offer financing for used vehicles, which always takes some burden off our chests.
7. Decision: This is a complicated one. While also being a con (not all cars designed for buying second-hand), it is an benefit to those looking to buy used cars. In the event you are into timeless classics, or else you desire a specific make/model of the car, buying pre-owned cars is your only choice.
8. Qualified Cars: We, at checkmygaadi, assure the client of the highest level of satisfaction. We check the automobiles inside-out, and give a detailed report, so as to make a better-informed decision, and buy the pre-owned car you want, without a smidge of doubt.
Consequently buying an used car nowadays is not only common, but also quite easy, which is why we recommend one to buy a pre-owned car as your first one.
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