Buying a used car can save you lots of cash. With a wide variety of options available in the market, you will surely not be disheartened. But second-hand car owners fear the cost of maintenance of a used car. Hence prefer cars that are cheaper and with easily available replaceable parts.
Used cars are cheaper than new cars
The on road price of a new Hyundai i10 in Bangalore will cost between 5 to 6 lakh rupees whereas a used Hyundai i10 in Bangalore online would cost anywhere between 2.5 to 5 lakhs depending on the kilometers driven and the age of the car.
How much will a pre-owned car cost will come down to what car you get. Used cars are going to be less expensive and a better bargain. You will not have to the take the big initial hit that the previous owner took.
Take advantage of Depreciated value
There are a number of ways to bring down the total bill of a used car. For example, the upfront cost of a one year old car is dramatically slashed due to wear and tear. Additionally, you can also aim to make a purchase at quarterly ends, at the end of March, June, September and December. This is the time when dealers are willing to negotiate to meet targets.
Insurance rates are slashed with time
Just like the price of a new car depreciates with time as soon as it rolls off the lot, insurance rates will be affected with the age of the car.
If you are person who loves modification or a model that no longer is in production of the same car you will not a disappointed with the choices in hand.
Falling registration fees
If this is not enough, you can also take advantage of the falling registration fees. With each passing year, the fee to register the car also decreases. By avoiding new car registration fees, buying a used car that is three, four or five years old will save you money.