Cars are one of the primary necessities to invest in if you desire more comfort and luxury in life. In a country like India, cars are viewed as a status symbol, and everyone indeed enjoys indulging in the pros of the same. However, none of this negates the fact that buying automobiles is an extremely big investment that can take out a huge chunk of your finances. If you have only recently become a financially independent adult, investing in a brand new car would be a financially poor decision. Instead, take a look at pre owned cars and invest in one to save a good amount of your money.
India’s pre owned cars industry is currently more popular than ever, with more and more people opting for them. This is because pre owned cars are a financially efficient decision that will help you save money in multiple ways. Here’s how:
- No Extra Charges: Buying a car comes with a lot of additional charges that have to be considered & paid along with the base price of the car. Most of these charges are one-time fees like registration fees, road taxes, etc., that must have been paid off by the first owner of the car. So, when you invest in pre owned cars instead of brand new ones, you’re cutting your costs considerably no matter what car you buy.
- New Models at Low Prices: Many buyers tend to gravitate towards new cars as they believe it will be difficult to find the used variant of any model of their choice. This, however, is far from the truth. With the high-quality build and modern technology used in the latest cars, you can rest assured that you will find any model you like. Moreover, you can get your hands on your favourite car with a hefty drop in its price, so you get the benefits of driving a stylish car for much less money.
- Slow Depreciation: The depreciation rate of any car refers to its market value which starts depreciating the moment a car is driven out of the showroom. The depreciation rate is rapid for the first few years, meaning if you buy a new car, by the time you want to sell it, its market value will have dropped quite a lot. On the other hand, you can be sure that the rapid depreciation period of a used car has passed, and with a slower depreciation rate, you will get a great resale value for any car you purchase.
- Lower Insurance Premiums: The insurance premiums for pre owned cars are automatically much lesser than the ones for brand new cars. It is also possible that the car you buy already has an existing insurance policy, so this is not something you’ve to think about for a while. All you have to do is make sure you get all the necessary documents transferred to your name and enjoy the benefits of low insurance premium amounts.
Check out the pre owned cars available on Spinny, a certified used car dealer, having its USP to be a 200 point inspection & 5 Days money-back guarantee, and take your favourite one home today!