Lets face it, buying a car is not easy. When you need help, you turn to the internet but many times,the internet either does not have what you need or it has too much of information. So, we at Zoomo decided we will create the ultimate used car guide which will have everything you need to know about used cars and simplify the process of buying used cars. In this article, we talk about why buying a used car is better than buying a new car.
First of all, let me state the obvious, buying a new car is not exactly a good idea. The only good thing is that you don’t have to be that careful and you get the new car smell but you are paying a huge price for that smell. When you sell the new car, you will lose more than you would want to. Buying used cars does not drain your wallet. Its just that you have to be-careful and not buy the first car you find. Its important to do good research on the cars regarding which we will be creating more guides soon.
Reason No. 1 — More car for same amount of money
Think about it, if your budget is 6 lakhs,you can buy a brand new Maruti Swift, it’s a nice car, but still tiny littlecar. Not the type people would have a second look at or not the car to enjoy long trips. Now, if you were to buy a used car, you could be driving a Honda City. It’s a beautiful, quite luxurious and a powerful car. So why settle for something small when you can have it big? Check out this table which shows more examples of how you could buy a bigger used car
Reason No. 2 — Same car for less money
There is one more angle to the earlier point, Lets take an example of mid-range sedan like the Honda City 1.5 MVT. For a new Honda City, you will have to spend around 13 lakhs including road tax etc of over 2 lakhs. Now, if you were to sell the car within the next two years or so, you would lose at least 3–4 lakhs, which means the depreciation is over 2 lakhs per year. Instead, if you buy a 2 year old used Honda City, you would be spending only around 8.7 lakhs. Now, when you sell this used city after driving it for 3 years, you will lose only 3 lakhs in 3 years depreciating at 1 lakh per year. So what we can see here is that,by buying a used car, you are incurring less depreciation, avoiding paying all the road tax and in total, making a smaller down payment
Reason No. 3 — Cars are meant to last looong
Cars are built to last years, and most cars for at least 2,00,000 kms. So when you are buying a used car which has run less than 40000 kms, you have nothing to worry about because they will easily run for another 100000 kms without any major changes. If you give it the right amount of care, you will only have the occasional trips to the service centre.
Not only that, Usually most first owners love their car and take it around carefully. They wash it regularly, and service it only from the company itself. They are probably the only one driving it so the car will be pretty smooth. To ensure that the car was maintained well, you should either buy certified cars or get the car inspected with the help of an expert which Zoomo provides.
Reason No. 4 — Used cars are ideal for beginners
Bought a new car and didn’t like it? Sell it and you are gonna lose a lot of money. Bought a used car and didn’t like it? Just sell it and you are not going to lose much money. You don’t have to worry about giving the car too much care because, a little scratch or dent, here or there is not going to affect the value as much as it would have if it was a new car. This means, used cars are always best for first time drivers.
Buying a used car involves pretty low risk, unless you did not get the car inspected. It’s very crucial, that you get an expert to inspect the car and that you test drive it. Zoomo offers inspections for only Rs.299 on any car in Bangalore. Having said that, buying used car has low risks and is also a good idea for anyone who is buying cars for the first time.
Reason No. 5 — Used cars are better for the planet
If everyone kept buying new cars, there is going to be more cars than the world can handle. Companies like Airbnb and Ola cabs is encouraging more and more sharing of each other’s resources and it’s important that we continue to move towards a society which shares and utilizes its resources smartly. Used cars plays a crucial part in helping us have a better planet to live in. Think about it, when we were small, we used to wear our elder sibling/cousins clothes and play with their toys, and now that you have grown up, you could own cars similarly.
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Originally published at blog.gozoomo.com.
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Business Editors & Automotive Writers
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IRVINE, Calif.--(BUSINESS WIRE)--Aug. 26, 2002
Kelley Blue Book, the trusted resource for used and new car information, invites consumers to use its name and seal to help sell their vehicles.
As of today, consumers can log on to www.kbb.com, research the suggested private party Blue Book value of their vehicle and then quickly and easily print a personalized "FOR SALE" sign with the recognized Kelley logo.
When consumers decide to sell their cars, they turn to Kelley Blue Book to determine the fair, private party value. In July, consumers generated more than 10 million private party pricing reports on cars they were looking to sell or buy. As a champion of the transaction, the company now offers this simple tool to assist owners in selling their cars quickly and easily.
"With this new window sticker, sellers can compare their asking price to the trusted Kelley Blue Book value," said Stephen Henson, vice president of marketing, business development. "It helps build credibility and trust with any potential buyer."
The window sticker is topped with the words "FOR SALE" in large 30 point type, so that drivers at a car-length's distance can read the sign. The Kelley Blue Book seal and suggested private party value follows, letting potential buyers know the seller had done their homework.
The sign also includes the year, make, model, mileage and condition of the car, along with a list of the vehicle's standard and upgraded features. In the center of the sign is a large box with a dollar sign for consumers to write in the amount they are seeking for the vehicle.
To print a personalized window sticker, go to kbb.com and click on the 'Private Party Values' link on the home page. Quickly select the year, make, model and condition of the car to be sold. When the final pricing report is displayed, just click on the 'Print For Sale Sign' link.
About Kelley Blue Book
Based in Irvine, Kelley Blue Book has been relied on by both consumers and the automotive industry as the trusted resource for car-buying research and information since 1926. Its Web site, kbb.com, is the number one automotive information site in the nation, according to Nielsen/NetRatings.
For the fourth year in a row, kbb.com is also the most visited site by consumers who go on to buy new and used vehicles, according to J.D. Power and Associates.
Note: A Photo is available at URL:
Some Essential Tips to Know Before Buying Used Cars for Sale
When you are considering buying a new car, you want to go into the deal with as much knowledge as possible. You also want the full range of choices available to you, which buying online can provide. You can buy a car from the comfort of your living room, and have it delivered to your home or you can go pick it up from a local dealer. There is no pressure to buy, and no hassle. Sounds good!
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Rental cars have a reputation for being abused, which makes some people wary of buying one. However, the reputation is exaggerated, and rental car sales are in fact a legitimate and growing business. Rental cars do have abusive drivers on occasion, but they are well-maintained by the rental company and usually retired after less than two years of service. They are then inspected before being offered for sale. They also come with pretty good warranties, so far as used-car warranties go. If you're in the market for a new car, consider buying a rental.
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