Is buying second hand car good in India?

Is it better to buy used car or new in India?

Buying a car is not an easy decision. Not only do you have a range of models to choose from, but you also have the option to choose whether to buy a new or a used car. Now, the value of a car depreciates over time so it is not an investment.

Cost of buying an old car
Total cost of buying an old car ₹5.2 lakh

Is it OK to buy second hand car?

Getting your used car insured will cost you a lot less as compared to a new car. … Even if you decide to sell it in the future, it won’t dent your wallet much by losing less amount of money than a new car would do. Especially for the first timers, a used purchase is more practical and affordable at the same time.

What car should I buy in 2021?

10 Best Upcoming Cars To Buy In 2021 In India

  • Altroz EV.
  • Tata Safari 2021.
  • 2021 RR Ghost.
  • 2021 Mercedes E Class.
  • 2021 Volvo S60.
  • VW Taigun.
  • Hyundai Elantra 2021.
  • Hyundai Ioniq.
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What are the disadvantages of buying a used car?

9 Disadvantages of Buying a Used Car

  • Not Made to Order. When you buy a new car, it’s made to order. …
  • Little to No Warranty. …
  • Old Technology. …
  • Possibly Less Safe. …
  • Worse Fuel Efficiency. …
  • Little to No Financing. …
  • High Maintenance. …
  • Previous Owners.

How much mileage is good on a used car?

As a general rule, you should assume that the average car owner puts 12,000 miles on a car each year. To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that’s 5 years old is 60,000.

What are the disadvantages of buying a new car?

Disadvantages of Buying New

The price of a new car is typically much more expensive than if you bought the vehicle used. Be prepared to pay much more in sales tax. New vehicles are said to lose up to 20 percent of their value as soon as you drive off the lot.

What is the best age to buy a used car?

All in all, the best age to buy a used car is around the 5-year mark, as this minimizes depreciation and maximises reliability for the price you’ll pay, meaning you’re less likely to have any problems or need to pay any more money for later on which is a common problem with really cheap or much older vehicles.

Which old car is best to buy?

Best Second Hand Cars to Buy in India

  • Maruti Alto 800. The first car in our list of Best Second-hand Cars to Buy in India is the Maruti Alto 800, which is also among the cheapest cars in India. …
  • Maruti Swift. …
  • Hyundai Elite i20. …
  • Volkswagen Polo. …
  • Maruti Dzire. …
  • Maruti Ciaz. …
  • Honda City. …
  • Maruti Vitara Brezza.
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What is the minimum age to buy a car in India?

Minimum age is 18 years in india .