Why Buying a Pre-owned Car Is a Better Economic Decision Than Buying New?

Why Buying a Pre-owned Car Is a Better Economic Decision Than Buying New?

1. Prices of used cars are 30% - 50% lower than new cars.

2. One can easily own a luxury car by buying a certified pre-owned model.

3. If you opt for a loan to buy a used car, the EMIs will be much lower.

4. Registration charges, road tax, etc. are very low on used cars.

5. You can avoid hidden charges, sales tax, etc. by buying a used car.

6. You will have to pay lower insurance premiums.

7. At times, warranties on your used car can be extended.

1. New cars lose almost 40% - 50% of their value in the first 3 years.

2. When you buy a used car, the depreciation rate will not affect you much.

3. You can also get a better resale value in the future.

1. Due to the lower rates, you get a lot of options to choose from.

2. Buying a certified vehicle ensures that the car is tested for any defects.

3. You can also sell your current model & upgrade to a higher segment (pre-owned).

4. Pre-owned cars can be customized at lower prices

Sources of Reference Top 5 Advantages of buying a used car (autoportal.com)

9 Advantages of Buying a Used Car Instead of New | Rawhide Second Hand Cars vs New Cars: Benefits of Buying Used Cars Instead of New One - ICICI Lombard Benefits of Buying a Second-Hand Car - Tata Capital Blog

Advantages of Buying a Pre-Owned Car (herofincorp.com) What are the benefits of buying a pre-owned car? - Quora Pros and Cons of Buying a Used Car, and How to Make Your Decision (roadloans.com)

YOUR 5 year old car : Keep, Upgrade or Swap? | Team-BHP (team-bhp.com)