Used Cars

The mention of the word ‘Cars’ makes the mind wander to a wide range of brands offered by various automobile companies. Cars today have become a status symbol not only for the elite members of the society but also for the not so affluent ones. This is the reason why we have cars ranging from a Nano to a Rolls Royce – prices to suit all budgets.

But since commuting has become such a task with more time being taken for the same distance, people prefer independent cars for all members in the family. For some, cars are a status symbol while for some they are just a mode of convenient transport. A car purchased for a status symbol obviously is a new one of the latest model with as many additional features as available. But a car purchased only for taking someone from one place to another either is a new car but certainly not the top of the line brand or a used one.

Actually the price of a car falls by about 15% to 20% the moment it is driven out of the showroom. So it might still be a more sensible and financially viable option to buy a used car as that might also give the individual an opportunity to change cars more often than the purchase of a new one.

First used cars were difficult to deal in because of security issues of its original owners, transfer of papers in the new owner’s name and getting a loan for the purchase. However now there are many companies who have launched ‘Used Car Outlets’ to facilitate sale and purchase of used cars. Financial institutions have also opened up to providing loans for the purchase of used cars. These outlets make arrangements for valuation of the car, finding a suitable buyer, transfer of ownership and getting a loan as well.

So it will just be right to say that since a customer is getting similar facilities to buy a used car that s/he gets to buy a new one then why not venture into purchase of used cars. Also ‘Customer Service’ is of great value today and if one gets all the related services under ‘One Stop Shop’ then why not make optimum use of this?

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