Second Hand Car: Here are five reasons why you should buy a used car instead of a new one in the first place!

While taking a car for the first time, there is always a question in mind whether the car should be taken old or new? After the corona epidemic, people are preferring to walk in private vehicles in view of the safety of their health. As a result of this, the second hand car market is flourishing very fast in the country. Still, while buying a used car, there is always a question in mind that how profitable is it to buy a used car. Today we tell you five advantages of buying an old car, which you will not get in a new car. These are benefits that are much better for your pocket.

1. It is cheaper to buy a used car

Buying a used car is more economical for the pocket than buying a brand new car. The car is considered a depreciating asset. The time you buy the car, its original value gets reduced at the same time. You can buy your favorite car in better condition at a lower price.

2. You will get better options

For the amount of money you will have to spend to buy a new car, you can buy a better segment old car than that. You can buy a used sedan in better condition for the price of a new hatchback. While buying a used car, the customer gets many options in different segments.

3. Low Depreciation Level

As already mentioned, the car is considered a depreciating asset. As soon as you take the new car out of the showroom, its value reduces within a few months. According to experts, after a year of buying a new car, its value reduces by 30 percent. If you buy a car worth 15 lakhs, then within a year its value will come down to 4.5 lakhs. In the coming years, this value becomes even less.

4. Better Finance Scheme

As the market for second hand cars is growing rapidly, their financing facilities have also become better. Now used cars can also be bought from dealers with attractive offers and low EMI. Many banks are financing second hand cars with low EMI even with zero downpayment.

5. Stress Free Experience

Most of the people prefer to buy a new car because they do not want to get into any hassle. But even if you buy a car that is 1-1.5 years old after seeing the history of the car, you will not face any problem in driving. Often people get the warranty of old cars extended. Such a car does not give any kind of problem to the driver.