The smart guide to buying a pre-owned car
Buying a pre-owned car can be a great way to get a good deal on a quality vehicle. If you’re thinking of buying a pre-owned vehicle, you might have a few questions in mind. Read on to learn some of the advantages and disadvantages of owning a pre-loved car
- You can get your favorite car for a lesser price. According to stats, a car depreciates by 8-10% [i]as soon as it comes out of a showroom.
- Insurance companies calculate the premium based on the market value of the car, which means, that a used car attracts a lesser insurance premium.
- A lot of carbon emission is emitted from the vehicle during the production and other initial stages, by buying a used car; you contribute in reducing the carbon footprint.
- A used car depreciates slower.
- Small dents and the scratches on the car may not worry you as much.
Above were some advantages, let’s have a look at some disadvantages as well
- Every year, cars are made with better technology and features. Buying a pre-loved car would mean that you are buying a car that has old technology or features
- A new car comes with a warranty however, a used car may not.
- While you may get your favorite car for a lower price, you may not get the specifications of your choice, for example, the seat color or the color of interiors might be different.
- Although pre-used cars come with all papers and thorough inspection, it’s quality and reliability is still not 100% guaranteed
- Sometimes, some flaws are hidden in a used car and repairing them can be costly. For example, changing car parts or oil.
Buying a pre-owned car is a very smart choice. It can save you thousands of rupees and give you a sense of freedom, in a way where a small dent will not cause you a lot of stress.
Now that you’ve got the smarts, it’s time to get out there and start shopping for that perfect pre-owned vehicle. However, keep in mind to thoroughly read the advantages and the disadvantages of it.
Ensure to ask for all documents from the car owner, including it’s insurance papers and pollution check papers. If possible, request for a test drive, it can help you understand a lot about the car and lastly, conduct a thorough examination of the car before you make the payment.