Buying a car is the second most expensive expense that a person can incur after buying a home in Ghaziabad. Public transport is an option in Ghaziabad and going to work is often seen as a major headache given the pathetic traffic conditions. But still, if you don’t have the courage to board a public mode of transport, a car is the only option. But then buying a used car makes a lot more sense than buying a new one.
People have an affinity for expensive cars, but buying them fresh can be heavy on the pocket. So, why not go for the second hand one. This will not only satisfy your desire to drive an expensive car but will also be light on the pocket.
A new car depreciates really fast and about 40% of its value is lost in the first year itself. This depreciation is higher if it is a higher end model. On the other hand, used cars gradually depreciate in value and do not really depreciate in value. Then road tax is already paid on the vehicle. So, if you’re driving in the same state you can save a few thousands on that front as well. Now with the new transport law coming soon, the road tax paid will be applicable across India, thus saving you the hassle of paying again if you change states.
Another great advantage of buying a used car is that the insurance, which tends to be heavy in the initial years, reduces significantly as the car ages. Apart from these perks, there are some things that dealers do for first hand owners like protective film, anti-corrosion treatment etc. Now getting these things done from dealers costs a bomb. Used car owners either get it already installed by the previous owner or if it isn’t a local garage person can do it for you for a very nominal cost.