Second Hand Car Prices In India

By Author: Carazoo
Total Articles: 59
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India is a country that has just begun moving from two-wheelers to four-wheel vehicles. However, in most parts of the country, it is only food, clothing and shelter that are man's basic necessities. Cars for transportation are still considered a luxury. Fortunately, the trend is changing and Indians have begun moving from the small automobiles to family cars. India too has begun realizing the need for a car per family for ease in transportation. One need not necessarily have a brand new car; a second hand car would serve the purpose. In this article let's have a look at the second hand car prices in India.

As far as car prices are concerned, it is always better to go in for a second hand car. Of course, the new automobile does not need too many checks. The reason is simply that the vehicle is new. But how about a car that's not too old, is handled by a single driver and the owner wants to sell the vehicle just because he wants to buy a new one? That can be a great deal. On an average, a new car in India loses 20 per cent of its value the minute it is driven out of the showroom. The decrease in the car's price is sad for ...
... the car owner, but nevertheless, is true and good for second hand car buyers. The stabilized rate of depreciation in India of 7-12 a year makes pre-owned cars a better value than new ones.

When a used car is bought within a year of it leaving the new car showroom, the first car owner suffers a flat 25 - 30 per cent decrease in the actual amount. Also, since the car is not too old, chances are that the car with all its features is intact. The new buyer gets to enjoy a massive gain in the car price. The car price also depends on the distance driven. If the car has been driven a lot, the depreciation too will be greater. Once again, the used automobile price goes lower and the buyer gains.

However, used automobile prices do not depend only on time. The rate of depreciation is not the same for all cars. It depends on the model too. Popular models and the newly launched ones that are faring well in the Indian market may be priced a little higher than the less popular ones. However, buying a second hand car that is currently doing very well in the market can be a better deal. You can be sure that the maintenance is going to be easier and spare parts would be easily available. The second hand car of a less-popular model may carry a lower price, but remember, should any problem occur, you may have to just re-sell the vehicle again for a really low price or pay a really high price in repairing it.

Maruti TrueValue, Honda Auto Terrace, Ford Assured, Toyota U Trust, Hyundai Advantage, and M&M's First Choice are the current branded second hand car dealers in India. Over here, the second hand car price will be slightly higher. But, the buyer can rest assured that it is really worth the deal. These dealers offer cars after inspecting them thoroughly and they also come as certified cars. They carry a higher price tag even while being sold a second time. The business has been faring well for the car makers too and it is believed that India will soon be the home for second car business for other car makers too.

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