As we all know, buying a perfect car is one of the most crucial decisions that we take in our life. When you go to buy a new luxury car you have to look at many points like the price of the car, the color of the car, the type of car you want to purchase, and whether you make a one-time payment for a car or avail the services of a car loan. If you want to buy a car for your family but you do not have enough money to buy it, then you can also purchase a second-hand luxury car. In this article, we will talk about 5 benefits of buy used luxury car in India.
Here Is The List Of Benefits OF Buying A Second Hand Luxury Car Instead Of New Car:
1. Full Assurance Of The Vehicle:
Some years ago, the idea of buying a second-hand luxury car is not good because before two to three years second-hand cars are considered junk, but now the situation is improving fastly during the past two to three years because of the entry of organized players in the market. These professional car dealers provide you full assurance about the performance of the vehicle and some of them also give you a limited warranty on the vehicles.
2. Avoiding Registration Fee And Other Paperwork:
Before buying a new vehicle, you have to pay many additional payments to the government of your country like one-time registration fees, road taxes, RTO charges, etc. But if you buy a second-hand luxury car then you do not have to pay these payments because your first owner already paid these payments. If you buy a second-hand luxury car you have to check these documents:
- Registration Certificate.
- Pollution Control Certificate.
- Invoice For Road Tax.
- Purchase Invoice Of The Car.
3. Add Installation At No Extra Cost:
When you buy a new luxury car you have to pay extra money to add necessary installations in your car, sometimes these installations are very costly, but if you purchase a second-hand luxury car then there are very high chances that the former owner of the car already add the necessary installations in the car like alloy wheels, windscreens, bumper guards, etc, there is no need to pay extra money on additional installation if you buy a second-hand luxury car.
4. Reduced Cars Insurance Rate:
If you purchase a new luxury car, then you have to pay a lot of money for its insurance because the motor insurance is calculated on the market value of the vehicle. If you buy a second-hand luxury car then you have to pay a much lower price for insurance of your vehicle by quoting a nominal IDV or insured declared value of the vehicle.
5. Minimize The Depreciation Of Your Vehicle:
We know, the value of a new car depreciating at a rapid pace when it is driven out of the showroom. According to the statistics, the value of the new car decreases by up to 50% in the first two to three years. The depreciating rate of every brand is different, the depreciating rate of Maruti brand is higher than the depreciating rate of BMW. But after three years the depreciating rate of cars decreases gradually, that’s why if you buy a second-hand car then the depreciating rate of your vehicle is minimum.
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