Advantages of Buying a Second Hand Car

Purchasing a used or a second hand car has lots of advantages. The cost of car is considerably lower than new car prices, the depreciation on the cars is much lesser, the loans are much easier to get and moreover the cars are promptly available. According to a recent study the second hand car market in India has a demand of approximately 1.5 million cars per year.

A great percent of second hand car market in India is unorganized occupying 90% of total car market. In the unorganized sector, second hand car sellers make up to thirty percent, while 70% dealing of cars is carried out directly between owner and buyer.
Buyers should be aware that the second hand car sector is much unorganized and is influenced by individual urge and whims. There are also chances of fraud. The mileage, pricing, and ownership records can be cooked up. Individuals like brokers and mechanics can also influence the decision.

Nevertheless, these things should not discourage used car buyers as there are many car owners who want to sell of their well preserved cars at best car prices and buy bigger cars. A few drawbacks of second hand cars are lack of warranties, OEM equipment, taxes and insurance.

To balance these issues, car manufacturers have brought forth certified used car outlets which are supervised by car manufacturers. For the sellers of used cars, these outlets offer the best car prices in the market. For the purchasers, these outlets offer many services such as warranty, insurance, use of OEM parts and rigorous in-depth check by trained experts.

Some of the well known certified used car dealers in India are; Maruti TrueValue, Ford Assured, Mahindra’s First Choice, Toyota U Trust, Honda Auto Terrace and Hyundai Advantage. These branded second hand car dealers have rejuvenated the used car market.

Car Industry in India

It was year 1898, when the first Indian made car made its debut on the streets of Mumbai. Since then, the car industry in India has come a long way. In the early phases, the car segment was neglected by the Government, and its policies were also not favourable. In recent years, liberalization policy of the government and several tax reliefs has really boosted Indian car industry. Indian car industry is currently developing at the rate of around eighteen percent per year and many international players like General Motors, Volvo, Ford, Volkswagen and Honda has established their offices in India.

With the emergence of a better transportation system, the car industry in India is also growing at a very fast speed and has become one of the largest and fastest growing in the world. India manufactured more than 3 million cars in year 2009and emerged as Asia's 4th largest exporter of passenger cars just behind Japan, South Korea and Thailand. In this year, approximately 1.5 million cars were sold in India, emerging as the 2nd fastest growing car market in the world.

All these cars are disturbed through car dealers who sell new and used cars. All main manufacturers have their own car dealers such as Maruti car dealers, Ford Car dealers and Toyota car dealers. These car dealers also offer maintenance services for cars.

Majority of India's car manufacturing units is based around the city of Chennai, which is also known as "Detroit of India". Chennai accounts for around sixty percent of the country's automotive exports. Gurgaon near Delhi, Chakan near Pune and Kolkata in West Bengal are some of the other main car manufacturing areas in the country.

Some of the leading car companies in India are Maruti Suzuki, Hindustan Motors, Fiat Ford, Honda, General Motors, Hyundai, Skoda and Toyota. Even the big brands like Ferrari, Rolls-Royce, Mercedes Benz and Aston Martin have also entered the Indian car market.