Ah, the joys and perils of car ownership! It seems simple enough at first glance - choose a car, agree on a price, and voila, you're the proud owner. Figuring out what's the best age to buy a second-hand car in India - is an oft-overlooked yet one of the vital car - buying tips.
This guide takes you through the things to check before buying a used car in India
and whether a 'car on subscription' model is better for you:
Things to check before buying a used car in India
A key part of our car buying rule book is understanding that when it comes to buying a used car in India, your budget and specific needs are vital considerations. To help steer your decision - making process, let's break down the characteristics of cars across various age ranges:
0-3 years old
These cars are fresh off the manufacturing line and boast low mileage - reducing the likelihood of major repairs. They may still be under warranty providing an added layer of security. However, they’re high on the price ladder due to limited depreciation.
3-5 years old
These vehicles offer a middle ground of affordability and modernity. They've weathered the steepest depreciation but may have slightly higher mileage and may no longer be under warranty.
5-7 years old
You start seeing pocket - friendly options in this age bracket. If well - maintained, they can deliver excellent value, but maintenance needs may increase compared to their younger counterparts.
7+ years old
The most cost - effective choices fall in this age range. However, with potential major repair requirements and difficulty finding replacement parts, they might also present the biggest risks if not purchased through proper channels.
Benefits of opting for the right age for second-hand cars
In making an informed decision about the age of your second - hand car purchase in India, there are numerous advantages to keep in mind:
Cost-efficient choices
A car that's a few years old can result in substantial cost savings compared to buying a brand - new vehicle - thanks to avoiding the steep initial depreciation that occurs when a new car is driven off the dealership lot.
Enhanced reliability
Newer cars are generally reliable, providing peace of mind on the road. They often come equipped with the latest safety features, reducing the chances of unexpected breakdowns and accidents.
Warranty coverage
Choosing a used car within the 0 - 3 - year range may still grant you the benefits of a manufacturer's warranty - a safety net offering financial protection in case of unexpected issues.
Improved fuel efficiency
Newer models typically sport enhanced fuel efficiency which helps save on long - term fuel expenses. These vehicles employ advanced technology to maximise mileage, thus reducing your environmental footprint.
Technology and safety evolution
Older cars may lack contemporary safety features and technological advancements present in newer models. Considering a car's age ensures you acquire your desired level of safety and convenience.
Maintenance
With age, cars often demand more frequent maintenance and repairs. Being aware of the car's age allows you to budget for potential maintenance expenses.
Resale value
Its age directly affects a car's resale value. Generally, younger cars retain their value better than older ones, potentially fetching you a higher resale price. So keep these things in mind when buying a used car.
Conclusion
According to the car buying rule, the ideal age to buy a second-hand car in India depends on several factors. Be mindful of the many things to check before buying a used car in India to find the perfect vehicle that suits your preferences.
While purchasing a used car can certainly be beneficial, there's another alternative that millennials are increasingly exploring - a car on subscription! Quiklyz's comprehensive 'car on subscription' model redefines mobility by offering hassle - free access to personal vehicles. Not only does this model ditch hefty down payments, but it also includes auto insurance and maintenance for a single monthly fee. Talk about convenience!
