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Bangalore And Chennai Are Considered As Hot Spots For Used Car Deals

Pre-owned vehicles are an important segment of the auto market. It is a profitable deal too. Buyers prefer buying a used vehicle rather than a brand new car as it is far more economical. A higher model of a used car may cost almost the same as the brand new version of a lower model. This brings a basic cost advantage to the buyer.

Depreciation is another advantage of buying a pre-owned four wheelers as over time, all vehicles depreciate in value but used vehicles depreciate slowly. The insurance premium is also less for the second-hand vehicle in India which makes a great difference on the overall amount spent.

A few years ago, most of the pre-owned vehicles were sold among the friends and relatives or by local unorganized dealers which resulted in paying heavy price for a used vehicle as a lot of deceptive dealers used to sell pre-owned cars for more than they are actually worth. In 2001, Maruti was the first player to enter the used car segment under the brand – Maruti True Value. In 2011, Maruti True Value has sold 2,31,000 models. Mahindra First Choice Wheels, used car segment of Mahindra & Mahindra has sold 34,000 units in the same year. The big players have branded pre-owned vehicle inventories that provide quality checked certified pre-owned four wheelers and also post-sale services. This has enhanced the growth of second-hand vehicle market in India.

The statistics depicts that in India, the ratio of a new car sold to a pre-owned vehicle sold is is 1:1.1, and is expected to be 1:1.3 by 2015. The economic slowdown has affected the new vehicle sales which are fueling up the pre-owned vehicle market in India, with almost 25 lakh of second-hand four wheelers being sold each year. The second-hand vehicle market is growing very fast in Bangalore and Chennai.

Buying used four wheelers is the new trend prevailing in Bangalore. The car enthusiasts of Bangalore love to upgrade their vehicle very often. They either buy the new car which roll out in the market or go for a higher end used car. The brand of the car matters a lot in this city as it can be a status symbol. Moreover higher end four wheelers are loaded with more safety features.

In Bangalore and Chennai, most of the couples are working and people prefer to travel on their own. Rapid urbanization around Bangalore and Chennai has led to the growth of suburbs. This has increased the number of people commuting to work from these places. Though two wheelers are cheaper, a four wheeler is a better option as it is safer and more comfortable. Many families while buying the second or third car prefer buying a pre-owned four wheeler. A lot of people also buy pre-owned four wheelers in Chennai for their college going children.

Buying a second-hand four wheeler in Chennai, is no more a hectic procedure. Simply get online and search for second-hand four wheelers in Chennai. In Bangalore also, buying a second-hand four wheeler is easy. Many used car dealers have their inventory listed on websites.
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  Published Date - August 10 2013
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  Mrs. Naisha Sharma
The second-hand vehicle market is growing very fast in Bangalore and Chennai. Find all information about used cars in Bangalore and check the list of used cars in Chennai for sale.
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