What to look for in pre-owned cars of India?

Pre-owned cars market in India is experiencing the most fruitful phase of its journey. From Tata Nano to Mercedes, every brand is spread across the market. It is difficult to give credit to a single reason for this booming period as there are so many in the list, including

·         Low Cost

·         Easy Financing

·         Less Depreciation

·         Availability of Better Models

With the entry of major players in used cars of India, the market has evolved tremendously with lucrative incentives for the buyers. Apart from these, pre-owned cars in India are now available in one year warranty. This is yet another key attraction to this market. Despite of these advantages, it is imperative to check following aspects in a second hand car.

Brand: Do not forget to carry out research on a brand’s generic maintenance track.

Cost: While you make your decision, put in efforts to recognise the running cost of your second hand car. Also, take care of its spare parts and their price along with its resale value.

If you are looking for some credible source for your next second hand car, do not forget to get in touch with Shriram Automall India Limited (SAMIL). The company offers various pre-owned vehicles and equipment on its bidding platforms.

“With our used cars segment, we cater to the dreams of our country’s youth. That’s why we have best brands in the market for our customers.”  - Mr. Sameer Malhotra, CEO of SAMIL

Auto Loan Rates – New Vs Old Cars

As per the market sources, interest rates on loans for new and used cars remained same for another week. The rate of loan for a 60-month new car is still 4.22%, whereas a new car with the age of 48-month and 36-month had the rate of loan at 4.13% and 4.03% respectively. The scenario remained the same in case of used cars in India loan rates, with the average 36-month loan staying at 4.72% and the average 48-month loan remaining at 4.73%. Visit SAMIL on Facebook.

NEED OF PRE-OWNED CARS

Cars, now, in any country are indispensable. Work has enlarged and so is the root for movement from one place to another. Now, more and more people are getting financially independent escalating the demand. Women too are learning to drive and gaining financial independence to do their own everyday jobs. This again is swelling the demand for pre-owned cars.

When a buyer can get a car in good condition for a price one –third less as compared with a new one, there is something to be said for buying a pre-owned car. The availability of many good internationally acclaimed cars on the Indian roads has added to the charisma of owning a car, be it even a pre-owned car.

The rapid growth of the organized pre-owned car dealers, the market for old vehicles continues to be dominated by individuals trying to sell and buy cars. In the testimony to the growing market of pre owned cars, its authenticity should be carefully checked. Wider selection and ready availability of car loans is driving the Indian pre-owned car market.

The process of buying a pre-owned car can be fruitful and risk free, if you take the necessary precautions and opt for buying certified pre-owned car.

Shriram Automall is yet another pioneering initiative engaged in facilitation services for disposal of pre-owned and repossessed/refurbished commercial vehicles, farm/agriculture equipment, construction/industrial equipment /machinery of all types and categories, passenger vehicles, three wheeler's and two wheeler's. Mr. Sameer Malhotra, CEO takes pride in setting up one of the most innovative concepts to address the massively diversified transportation system in India.