New Car vs Used Car: Why are people choosing pre-owned cars over new ones? - All About Buying & Selling of Used Cars, New Car Launches

New Car vs Used Car: Why are people choosing pre-owned cars over new ones?

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New Car vs Used Car: Why are people choosing pre-owned cars over new ones?

The mindset of the consumers in India is changing with the growth of the organized pre-owned car industry, CARS24 the pioneers in streamlining the used car industry provides end to end professional services for both buying and selling used cars.

In the good old days, it was a hassle to look for a second hand car through a local dealer or classified as the entire process would take anywhere between a week and a month. The used car buyers were not quite sure about the condition of the car, the paperwork, the transfer of ownership and most importantly trust! – the question always remained “ Am I buying the car from a trustworthy person?

CARS24 is present in close to 48 major cities in India which include Delhi-NCR, Mumbai, Bangalore, Chennai, Kolkata, Kochi to name a few. Used car buyers now understand the benefits of buying and selling a car through an organized player like us where the cars undergo a strict 150 point inspection with ease of paperwork and an instant payment with an hour.

Let us look at reasons of consumers buying a used car over a brand new car.  

Depreciation doesn’t hurt you as much as a new car:

The depreciation of a new car priced around 10 lakhs will anywhere between 20-25 percent the moment you drive the car out of the dealership and clock a few hundred kilometers on the ODO.  It is indeed a smart move to opt for a used car if you’re feeling the pinch and consider it a burden paying the EMI’s month on month. With manufacturers launching new cars, face-lifts, limited editions every few months, the consumers are constantly upgrading to newer cars selling their old cars within a year of purchase.

On the other hand, we have people selling their cars as early 6 months unable to pay the loan amount; all you have to do is to browse through our website to find a pre-owned car as good a new for cheap.

Cost-efficient safety & luxury as good new :

Most cars produced in the last 5 years have standard safety features like airbags, ABS, and reverse parking sensors which are the primary things a consumer needs in his or her car. When it comes to the interiors these cars have a decent music system with USB, Bluetooth, and AUX connectivity. If you’re lucky you might also find a used car with additional accessories such as an amplifier, sub-woofers, leather seats, reverse camera, touch-screen infotainment installed by the owner. Why spend more when you can avail the features of a new car in a good condition pre-owned car.

Cheaper insurance cost than a new car:

One of the main benefits of a used car is cheaper insurance costs, the premium amount of insurance reduces with the age of the car. The premium is calculated in accordance with the depreciation of the car when you sell or buy a car. The premium amount of the insurance is recalculated during the transfer of ownership which results in cheaper car insurance.

Best choice for Learner Drivers:

Used cars are undoubtedly the best choice for a learner driver or a beginner.  A few scratches or dent is quite common when you begin to start driving and it wise to go buy a new car once you’re thorough with driving and confident to take on the crowded Indian roads.

India’s used car market has shown stable growth than the new car market. According to the Economic Times report, the second-hand car industry is grown from 1.6 million units in 2011 to3.3 million units in 2018 and growing.

If you’re looking to sell used car or had difficulties finding a buyer when you sold your previous car, it’s time to try CARS24 for a hassle-free car selling experience within 1 hour with an instant payment transferred to your bank account. You can also buy used car which has been thoroughly inspected with a moneyback guarantee from CARS24.