Used cars: The market for used automobiles is enormous. In the market, the demand for both new and used cars is nearly equal. Buying a used car can be done for a variety of reasons. Some people purchase a used car due to a limited budget, while others see it as a wise investment. Compared to purchasing a brand-new vehicle, purchasing a somewhat out-of-the-way vehicle has a lot of advantages. Today, we’re going to discuss three such advantages, which may persuade you to choose a slightly used car over a brand-new one.
a. Difference in price
It is stated that as soon as an automobile leaves the dealership, its price drops. The same applies here. The price difference between a new and used car purchase is the biggest benefit. For instance, a secondhand automobile with a few thousand kilometres on it and a price of Rs 10 lakh can be found for as little as Rs 1.5 to 2 lakh.
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b. No waiting time
There is a problem with the length of the waiting period these days, which affects the majority of automobiles. However, this issue won’t arise if you purchase a vehicle that has been slightly shifted. For instance, there is a waiting period of 1.5 to 2 years if you want to purchase the new Mahindra XUV700. But you can still purchase it today on the used goods market if you so choose.
c. Reduction in registration charges
With increasing vehicle age, insurance costs decrease. The cost of insurance rises with the age of the vehicle. You will also have to pay less in registration fees in addition to the insurance. In reality, the registration fee is determined by the car’s current value, therefore an older car will require less payment than a newer one.
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