Is It A Good Time To Buy A Car Now In India?
Indian Car Market
Est. Reading Time:
4 mins

Is It A Good Time To Buy A Car In India?

India is currently reeling under the second wave of COVID-19 pandemic with the capital New Delhi including states like Maharashtra, Karnataka, Tamil Nadu, Uttar Pradesh etc under a lockdown. Health authorities in the country have already warned about a possible third wave in the coming months.

So, coming to the question ‘is it a good time to buy a car now in India?’, the answer is Yes, there was other time truly a personal vehicle, especially a car which can ferry a family was of such importance in one’s household. While public transport services have taken all the safety measures, it still cannot be safer than travelling in one’s own vehicle.

With that said travel is largely permitted for essential and emergency purposes only. Most public transport services like buses, trains, metros including auto rickshaw & taxis services are not operational (some of the states permit taxi & autos for emergency travel) – All You Need to Know on Travel, Driving, E-passes, and More.

Overcrowded Autorickshaw in India – Public Transport

The biggest issue faced by millions across the country is that of transport. In these turbulent times, more and more people are turning to the comfort and safety of their own private vehicles to commute. Foregoing public transportation seems to be a wise choice as it not only helps maintain social distancing, it also prevents exposure to infected surfaces.

Indian couple traveling by car

Further studies also suggest the intent to buy a car, notably, a used car has increased since the pandemic. The intent to use private cars increased by 41%, proving that it is indeed the right time to buy a car for you and your family is now!

Other private vehicles like bikes & scooters are too gaining more traction due to the lack of safety in all public transport. According to our research, much of the target population chose private vehicles over public transport services, including taxis. The consumers’ intent to buy their own cars increased exponentially, with 53% planning to buy a new one in the next six months. This was also aided by the fact that major car companies offered online and contactless services, which ruled out the possibility of any unsafe interactions.

Car Expert Sanitizing a Hyundai Creta – CARS24 Preowned Cars

The Question Remains- Is It A Good Time To Buy A Car? But Where?

It’s not only a good time but also the right time to buy a car, and it is the need of the hour for safe travel.

At CARS24, you can buy a car at the click of a button. Yes, you heard that right, visit or download the CARS24 App to access thousands of quality used cars online.

With financial instability in large across the population, one can get a quick loan with minimum documentation & same day disbursal for buying a car from us. We deliver the car to your doorstep, if you don’t like it for any reason, you can return it within 7 days and get a complete refund. Also, those of you looking to sell a car can book a home inspection.

Try: Free Home Inspection to Sell Car

Car Dealership

Further, online car sales are on a roll with top brands providing newer ways for customers to buy a new car without the need of visiting a car dealership.

However, buying a new car doesn’t come cheap. The monetary prowess of many people across the globe is not the same as it might have been, say pre-lockdown. The economical constraints by the lack of work, pay cuts, closure of businesses during the lockdown can be felt by most, like tremors simmering away underneath us all.

The entry-level cars in India cost nothing less than 3 lakhs, on the other hand, you can find good used cars to buy under 1 lakh, for bigger families you can get used sedans, SUVs and MPVs for under 5 lakhs.

Thus, buying a car is more of a necessity than a choice and in the new “normal”. Most people seem to be at crossroads, playing tug of war with the need for a safer way of commuting and the need to spend less money. Buying a pre-owned car seems to do the trick! While all of us begin to learn how to live with the virus, it is better to be safe than sorry. Given the nature of the virus, the safest way to travel for you and your family is by car. And we’d be happy to help.

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Indian Car Market
Est. Reading Time:
4 mins

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