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TOP 5 Misconceptions When Buying A Used Car

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TOP 5 Misconceptions When Buying A Used Car

Are you buying a used car and concerned about the misconceptions that exist when buying a second hand car?

You don’t have to worry! The answer is, used cars that have been generally well taken care of can seem almost brand new. As a matter of fact, when you see it; you won’t be able to recognize that the car had a previous owner.

If you’re still not convinced, here are the top 5 misconceptions associated with buying a used car.

5. FULL-CASH PAYMENT GETS YOU THE BEST DEAL

While paying the entire amount in cash may certainly help you save on the EMIs but you get more or less the same deal by paying in cash. When it comes to car loans, buying a used car isn’t much different than buying a new one. It all depends on the period of the loan and the interest rate. So, cash or loan the used car cost doesn’t differ.

4. USED CARS HAVE PROBLEMS

People sell cars for different reasons, most have nothing to do with the condition of the car. For example, the previous owner might have upgraded to a higher segment car or an electric car because it’s 2020!

These days most used cars come with a service record which also adds value to the vehicle while selling it. This should give you the full vehicle history including the parts or components changed, the type of service performed on the car, vehicle accident history, and even flood damage information.

3. USED CARS LACK MODERN ENTERTAINMENT AND VITAL SAFETY FEATURES

If you’re a classic car or a vintage car buyer, you better know your machine in-out, some of them sell for millions of dollars and are highly collectible. These are the only category of pre-owned cars that lack modern entertainment and safety features.

Used cars these days come with Air-conditioning as standard. The music system and infotainment can vary based on the model. All the used cars these days come with a USB Port, Bluetooth Connectivity, Smart Phone Connectivity – Android Car Play and Apple Music. If you get lucky you might get a touch screen panel with fully connected car services, it all depends on the used car you are buying, it might be a Maruti or a Maserati!

Coming to the safety features of a used car, Anti-Lock Braking System commonly known as ABS and two front safety air-bags are standard in most used cars. Reverse Parking Sensor, Camera and even driverless park assist are available on cars such as used Skoda Octavia VRS and most luxury used cars.

2. USED CARS GIVE BAD MILEAGE AND INCUR HIGH REPAIR COSTS

It is a terrible cliché to say used cars give bad mileage (fuel economy) and requires expensive part replacements at regular intervals. The fact that a car is used has very little to do with its mileage and reliability. As mentioned above the service record of a used car is its Bible where you can get a clear picture of the car’s history. The mileage or the fuel economy of a used car is more or less the same as its brand new counterpart. The mileage of a car solely depends on the engine capacity and regular maintenance. Buying a well maintained used car is key!

Interested in one? Buy Used Car

1. NEW CAR IS MORE PROFITABLE THAN A USED CAR

Buying a new car is more profitable than a used one BIG misconception; in fact, a new car depreciates once you drive it out of the dealership and clock a few hundred kilometers. The deprecation of a new car is around 30 per cent in the very first year and is about 60 per cent in 5 years’ time. On the other hand, the rate of the depreciation is low on a used car plus you save on various taxes which is already borne by the person who purchased it new.

A few say a new car comes with a warranty and hence they do not have to shell out any money from their pocket in case of an untimely repair or a component failure.

You do not get any sort of warranty or guarantee when you buy a used car from a private seller. However,  a certified pre owned car comes with a 14-day buyback guarantee (if you are not satisfied with the performance of the car) and assurance by CARS24.

The next time you hear someone saying a used car is not worth it! Take them through this article and don’t forget to check the best preowned cars for sale – Buy Used Car