Do's and Don’ts of Purchasing a Pre-Owned Commercial Vehicle

Are you hunting for a used commercial vehicle for your business? Great! That means your business is growing. But in case you are doing it for the first time, then be cautious as it can be a little intimidating thing to do. Do not relate it with buying a car because the considerations that go into the purchase of a used commercial vehicle are quite different. To make things easier for you, here are some dos and don’ts of buying a used commercial vehicle.  

Do's

• Your decision for a purchase must be based on your usage of the vehicle. Depending on that you will decide the category of options that you should explore. In case, you need it for transporting heavy goods, then a used mini truck will not serve the purpose.
• Fuel is one of the most important considerations that you should look for. In case, you are hunting for a bigger commercial vehicle, then remember that it will consume more fuel. If your business can afford that level of consumption then only go for this option. Otherwise, you will end up in a big tension in future.

Don’ts

• Never go unprepared while you visit a dealer to purchase a used commercial vehicle. It is mandatory for you to have all the technical knowledge so that you can make the most appropriate choice.
• Never say ‘Yes’ until you are not sure about the used commercial vehicle. Because that will result in future problems. That’s why, it is necessary to physically inspect the vehicle through a test drive.  

Now, after reading these dos and don’ts, if you wish to purchase a pre-owned commercial vehicle, then do get in touch with Shriram Automall India Limited (SAMIL). As a pioneer in giving structure bidding platforms for the trade of used vehicles and equipment, the company has spread its Automall facilities across the nation.

“At SAMIL, we make consistent efforts in ensuring customer satisfaction through our bidding platforms. We serve a wide range of pre-owned vehicles and equipment with utmost transparency.” – Mr. Sameer Malhotra, CEO of SAMIL.

How to Purchase the Most Appropriate Second Hand Commercial Vehicle

If you wish to begin your own business, purchasing a second hand commercial vehicle is the best way to give a kick start to your journey ahead. People must take the decision of choosing a used commercial vehicle keeping different features, safety aspects and prices in mind, so that it fits every business requirement. Let’s see how we can make the most apt purchase in case of a second hand commercial vehicle.

·         Hunt for a pre-owned commercial vehicle online as this medium is flooded with a lot of options. There are various reputed sites serving a wide range of second hand commercial vehicles. You can look for local online advertisements as well. There are various private sellers also present on such platform. This helps in making the correct choice out of various options served.

·         You can visit the local dealers of your area with reference to their details in a local newspaper or community directory. Make sure that you explain them your requirements correctly. Do not forget to go for a test drive before you make the final decision.

·         You can also attend an auction for a used commercial vehicle. Information regarding this can be obtained from a dealer in your area.

·         When you have decided to purchase a particular second hand commercial vehicles, conduct a proper research on its price. Do not blindly agree to the price. Let your decision be based on a proper research.  

Shriram Automall India Limited serves the most organised and transparent bidding platforms for the trade of second hand commercial vehicles in India. With world-class services, the company offers a completely unique experience to its customers.

“The pre-owned commercial vehicle segment of our company is served with an extensive variety, which caters to every need of our customers. Besides this, we also offer used construction equipment, tractors, cars & SUVs, 3 wheelers and 2 wheelers to serve as one stop solution provider for every need of our target audience.” – Mr. Sameer Malhotra, CEO of SAMIL

Reasons to prefer second hand commercial vehicle

Starting a business with the second hand commercial vehicle or upgrading the existing vehicle is a right choice.

While starting a business huge capital is needed to raise assets and more funds, buying a second hand commercial vehicle is a good way out as one can decently use the raised capital on the most prioritised asset or other things.

·         Second hand commercial vehicles are comparatively more reasonable than the new ones;

·         All you need to do is carefully set the budget and decide from where to raise funds to purchase the second hand commercial vehicle.

·         Each and every commercial vehicle is unique when we see to its price, safety and features.

·         Buyer of the second hand commercial vehicle firstly needs to decide his preference for the brand of the second hand commercial vehicle. There is a long list of commercial vehicles manufacturers. Buyers of the second hand commercial vehicle generally go with their brand loyalty.

·         Always select the used commercial vehicle that goes with your business needs and has a clean record i.e. no accident report, no major damages.

·         So after deciding the price, manufacturer now it’s the time to decide how to raise funds for it.

·         Negotiate the claim price with the seller or the dealer of the used commercial vehicle.

·         Carefully examine the used commercial vehicle that you are willing to buy.

·         Visit the bidding events and bid from the large displayed variety of used commercial vehicles

“Shriram Automall India Limited is the pioneer in facilitating well-structured bidding platforms and offer its prospective buyers with a wide range of used vehicles and equipment in various segments, namely Construction Equipment, Commercial Vehicle, Tractors, Cars & SUV’s, 2 Wheelers, 3 Wheelers “- Mr. Sameer Malhotra, CEO of SAMIL.

Eicher Motors aims at 15% of total sales through export within 5 years

VE Commercial Vehicles (VECV) has decided to increase export with the introduction of its Pro Series of products, aiming at capturing 15% of its total sales through overseas markets within 5 years. As a joint venture between Volvo Group and Eicher Motors, the company has concluded to expand the export of Eicher brand in commercial vehicles by leveraging on the distribution network of Volvo in Africa, South East and Middle East Asia.    

However, as per company sources, there is no scope for Eicher to be taken to developed markets as it is supposed to remain affordable despite of being taken to volumes market with modern technology.

The company is also keen in entering left hand drive markets. After capturing 8.1% of its total sales in 2013 for the export of 3,300 trucks and buses, it now wants to go beyond Bangladesh, Shri Lanka, Tanzania, Kenya, Ivory Coast and Ghana to enhance exports.

Read more from automotive industry, click here 

Auto Industry seeks incentives on tax from Government

After facing a tough time from many months, the automobile industry is asking government to make the taxation structure uniform and take away the uneven excise duties on passenger vehicles.

At present the excise duty on automobiles range from 12% to 30% while it is 12% on commercial vehicles. The government has already been asked to cut the excise duty on CV to 8%.

Suggested Readings for news:

INDUSTRIAL SLOWDOWN TO PUT ADDITIONAL STRESS ON CV LOANS

RANDOM COMPANIES REVIEW FOR DECEMBER 2013

• VE Commercial Vehicles, a 50:50 JV between the Volvo Group and Eicher Motors, reported 30.38% decline by selling 4,032 units in the same month of previous year.
• Toyota Kirloskar Motor reported 12.21% decline in its total sales at 12,622 units in December.
• Ashok Leyland, Tata Motors and Volvo are in the race for an Rs.450Crore order for supply of about 1,500 buses to the Andhra Pradesh State Road Transport Corporation.
•  Mahindra & Mahindra reported 15% increase in total tractor sales at 17,037 units in December.
• Maruti Suzuki India stated 4.4% decline in its total sales at 90,924 units in December 2013.
•   General Motors India reported 19.27% drop in sales in December 2013 at 5,705 units.
• Suzuki Motorcycle India had a successful year 2013, registering more than 10% M-o-M growth in sales.