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.
