
The automobile industry is rapidly evolving, and car prices are only going up. New cars get more costly every year, making them very expensive for the common man. Compared to a few years ago, more and more recent vehicles are now entering the used car market, making it easier for you to make a decent purchase without having to bust your pocket. Here are four reasons to explain why it is better to purchase a used car instead of a new car.
Save Money and Upgrade Your Segment
For a new vehicle, straight out of a showroom, all it takes is less than a minute to lose 8-10 percent of its purchase price as it reaches used car territory. Going to buy used means you have to pay even less than the vehicle’s original value (depending on the year of manufacture and kilometers completed), which means you can save some serious cash.
Take the example of a new Maruti Suzuki Swift Lxi, which on the road costs close to $45,000 (it includes. Ex-showroom, RTO, Insurance, Other fees). Now, considering depreciation, presume that if you go for a 1-year-old, same car and model (Swift LXi Delhi) that is approximately 12,000 km driven, it can be yours by paying just $21,000 if you buy from a dealer and $15,000 if you buy from an individual first owner directly. You can see the difference you can save by opting for a used car.
Why stop there? You can also jump a category …