Alphation Auto - 8 Impressive Benefits of Buying a Pre-owned Car
Demand for pre-owned vehicles is constantly growing and the ratio of used cars compared to new cars is expected to double by FY25. Owning a car in an Indian household is getting increasingly common especially with the rise in the younger population and increase in the middle-class & upper-middle-class population. Studies show that in FY 2021, the pre-owned sector in India stood at 3.8 million units, making it 1.5 times bigger than the 2.6 million units new car market in the same year! During the pandemic, with the increased number of people preferring individual mobility and more finance options infused into the used car market, the market is set to grow considerably. With the sales and production of new vehicles hindered due to the pandemic, the immediate option for the buyers is the used car market. There are several advantages of buying a pre-owned car beside it being a financially prudent decision and we will list them down here for you so that you can make an informed de...