Buying Your First Think Pre Owned}

Buying your first- Think pre-owned

by

alenaross07

The market for cars has been growing at a consistent rate ever since the common man in India could afford them. The automobile industry gives a huge push to the GDP of the country (as big as 7.1%) every year. But that is only for newly manufactured cars. These new cars come with a lot of technology and gizmos. Most of the first-time buyers are confused about which car they want to buy, and how well they would be able to maintain it. What about the pre-owned cars? What about the 5-years old car which the family doesnt drive now?

Well, it turns out that India has a growing demand for used cars as well. According to The Economic Times, India’s used car market has had a relatively stable 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 is forever growing, because there is always a circulation of money and cars in the Indian economy. That raises the question, Should you be buying a pre-owned car? The answer, very simply, is yes. Our team at checkmygaadi believes that the first car you buy should be a pre-owned one. Here are 5 reasons why:

1. Price: You guessed it the most obvious reason is price. And why wouldnt it be? You are essentially spending 60% of what the car was originally worth, getting the same model, with just some miles on the odometer- nothing wrong with that. Not only that, you have a much wider range of choice available with you if you consider buying a used car. You can buy a bigger car with the budget of a smaller one. After all, who doesnt like saving some bucks, right?

2.Depreciation: A car, on an average, loses 40% of its value in depreciation in the first year of its purchase, which makes it easier for you, because youll be paying for what the car costs after the initial few years. Along with the financial depreciation, what all car owners experience is mental depreciation- the first few scratches and bumps, which are bound to happen, really take a toll. But you wont have to worry about that with a pre-owned car.

3.Insurance: The insurance of a car also falls with its monetary value, which to you paying a smaller premium fee every year, to insure the car of your dreams.

4.Reliability: All the cars manufactured these days go through series of rigorous test procedures to ensure that the car which rolls off the factory floor is ready to endure all of the real world challenges, and that too, for a long time. Japanese companies boast of guaranteed performance of the vehicle till 200,000 km. So even when you are purchasing a pre-owned car, wont have to worry about it breaking down for a long time.

5.Extended Warranties: Most car buyers these days opt for an extended warranty. If you are buying a 2-year old car, chances are that you get an extended warranty with it. Of course, the components included in the warranty vary a lot.

6.Financing: Due to the huge investments being made, a lot credit is available in the nation. Banks and other institutions now also provide financing for used vehicles, which always takes some burden off our chests.

7.Choice: This is a tricky one. While also being a con (not all cars available for buying second-hand), it is an advantage to those looking to buy used cars. If you are into classics, or you need a specific make/model of the car, buying pre-owned cars is your only choice.

8.Certified Cars: We, at checkmygaadi, assure the customer of the highest level of satisfaction. We check the cars inside-out, and give a detailed report, so that you can make a better-informed decision, and buy the pre-owned car you want, without a smidge of doubt.

So buying a used car nowadays is not only common, but also pretty easy, which is why we recommend you to buy a pre-owned car as your first one.

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Article Source:

eArticlesOnline.com}