RISING DEMAND OF USED CARS IN INDIA

Demand for used car have risen because of the consumers increased concern to get the best value for their money  Average price of a used car increases about 10% year-on-year .but some dealers  disagree saying that used car still offer great value, as new car lose 15% to 30% of their value just in the first year of driving. Once knowing what you want, you can now easily do pre test drive research these days. Take the following steps

*Set your budget and just fix with it- consider each and every cost from cost of insurance and mileage to the terms of car’s warranty i.e. from running cost to potential repair cost of the used car

*Compare used car with the old car- compare the condition of used car with the brand new car. Inspect thoroughly every inch of the car’s interior and frame.

*Investigate the used car history- after comparing look into the history of that used car. Any undisclosed flaw like damages in an accident etc.

*Check the warranty- assuming that the original warranty has expired ask for extended warranty. Make sure the offered warranty on used car matches with your pre-owned car usage

*Establish a fair value- after setting the budget and comparing the used car, now comes establishing a fair price range. Carefully and watchfully estimate the price considering all the factors. Keeping in mind that some sellers in the used car segment are flexible than others make the best use of it.

*Negotiate your deal- once you have established the fair price of used cars in India visit different dealers or sellers and negotiate for the same

“Shriram Automall offers maximum choice of used vehicles through its platforms namely physical bidding, online bidding, private treaty and one stop classified to appease the customer’s comfort.

These platforms are implemented with high operational integrities and transparency” – Mr. Sameer Malhotra, CEO of SAMIL