So, you found a great deal on a certified used car and badly want to purchase it? What's stopping you? Let's face it; we all surf used car selling platforms to see our dream cars selling at a fraction of the original price. But, the misconceptions revolving around used cars deter most of us.
The good news is that most of these beliefs about used cars are false! For instance, used cars do not always have low resale values. This article will shatter top five such misbeliefs people have when buying used cars!
You need to understand that people sell cars owing to different reasons. Car owners do not only sell the car when it is no longer properly functioning. For instance, there's a high chance the previous owner just upgraded to an electric vehicle or a better car.
You can check out the service record of the used car before finalising the deal. The service record contains all history concerning damages and repairs that can be insightful.
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“Used cars offer poor mileage,” - It's become a cliché statement! Whether the car is used has very little to do with the mileage. You can treat the service record as a piece of reliable information here to get a clear picture of the car's performance.
As for the repairs, it depends on the car you buy. If you invest in well-maintained certified cars, repairs are never a problem!
You only get outdated entertainment systems if you are buying a vintage beauty. But, for people who invest in vintage cars, the vehicle is way too precious to ditch just for an old infotainment system.
These days, used cars feature an entertainment system with all the updates. You can find Bluetooth connectivity, smartphone connectivity, and USB ports. It also depends on the model you buy!
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One of the biggest misconceptions about used cars is that they have lesser resale value than new cars. Once you clock in a few hundred kilometres, the value of your new car depreciates. It is worth mentioning that the depreciation rate is relatively lower for a used car.
Moreover, the first owner of the car already bears various taxes. As a result, you do not have to shell out extra money for taxes.
Regardless of whether you pay in cash, card, cheque, or EMI, you'll score the same deal on a used car. Don't let anyone else make you believe otherwise! Used car buyers get more or less the same bargain by paying through any method.
Regarding car loans, getting one for a used car is not much different from a new one. The loan criteria depends on the interest rate and loan duration.
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Hopefully, we have successfully debunked these myths revolving around used cars. Used cars have several benefits that you shouldn't ignore!
