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Second hand car: In the years following COVID-19, personal mobility is being strongly encouraged. Self-hygiene and social seclusion have emerged as two of the main factors driving an increase in four-wheeler purchases. While showroom traffic has steadily increased due to automobile sales over the past six months, there has also been an increase in the sales of used cars. Given the nation's current economic situation, it is understandable that not everyone can afford to buy a brand-new car.
One of the major drawbacks of purchasing a secondhand car is reliability, particularly if you purchase from an unlicensed vendor. After a short while, you could find that you need to do more repairs. If in doubt, purchasing from authorised vendors who occasionally provide warranties of up to a year might be a smart move.
The cost of renewing the registration for passenger vehicles older than 15 years has been recommended to be increased by 25 times by the Ministry of Road Transport and Highways (MoRTH). Therefore, the present Rs. 600 could increase to Rs. 15,000 in the future. Therefore, if you intend to purchase a car that is 10 years old, you can only use it for 5 years before you must re-register it. Long-term ownership will therefore be a problem.
Another drawback of purchasing a used automobile is that you will frequently have to make concessions on things like colour, features, and occasionally even the type itself. You might need to broaden your search to other models if you can't find the model of your choice within the desired price.
When you purchase a brand-new car, you receive a vehicle with all the newest features and accessories on the market. A new car also gives you an emotional high that is unsurpassed.
A new car's maintenance costs are considerably lower than those of a used car, and the majority of new cars require very few repairs during the first few years of ownership. Additionally, they have a lengthy guarantee as well as unique services like roadside assistance.
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