Can a 1-3-year-old used car be a better option than buying a new Car?
Blog- Buying a car is fun but a very chaotic process. From selecting the best ride available for oneself to taking care of the finances, buying a brand-new car is a very time-consuming process. But while buying a brand new car, we usually overlook the huge second-hand car market which might provide you with better options at a relatively cheaper price. And among those second-hand car options, the ones which are 1-3-year-old models can surely grab your attention. Here are a few reasons why one should choose a 1-3-year-old used car-
Factory Warranty
One of the many benefits of choosing a 1-3-year-old vehicle is that they come with a standard company warranty. The risk which comes with buying such vehicles is effectively zero. And as people can buy an extended warranty for the vehicle, the risk is significantly minimized.
Depreciation
Car losses around Rs.60,000 to 75,000 of its value the moment you drive it out of the showroom and continues to depreciate heavily, especially in the first three years of its sale. The owner losses less after the first three years. This stiff depreciation means that you will be paying a lot less for an "almost new" car. A three-year-old car will cost less than a new car and will also depreciate slowly compared to a new car.
Feels like a new car
A 2-3-year-old car might be an old car when it comes to ownership, but even a 3-year-old model is a relatively newer model. With little maintenance and a touch-up session, the car will feel like a new one.
Taken care of
A 1-3-year-old car is usually serviced only at authorized workshops. This ensures a better vehicle quality and instills a feeling of confidence in the mind of the buyer. This also enables the buyer to check the service history of the vehicle and make a better decision.
The Indian market now moves 24-lakh new cars every year, which is a result of buyers constantly upgrading and moving towards newer technologies leading to many newer cars being sold to second-hand car dealers. With such long-standing benefits in sight and a pool of automobiles to choose from, a 1-3 year-old car is not only a beautiful solution but also a logical one.
