The reason behind this is that they feel more satisfied in buying a luxury used cars in the same range in which they would buy a mid-segment car
. For instance, to buy a used Honda Accord one needs to invest around five to ten lakh rupees and if the customer go to buy a brand new car in the same range then he has to adjust with other mid-segment cars such as Honda City, Swift desire. So nowadays the market of used cars is booming due to several reasons, in which on e is style statement.
Another reason why people are moving towards the used car is that it is cheap and nowadays after noticing the rising traffic nobody is interested to buy a new car. A use car can be used as you like it but if you buy a new car then you have to be more cautious. However there are some problems also arising such as loan facility. If you buy a new car then you can easily get a loan but if you want to buy a second hand car then it becomes very difficult to arrange loan, because most of the banks do not provide loan facility to those who are buying a second hand cars. And if they provide then they give it on higher interest rates such as 4 to 5 percent high interest.
There are several cities where the demand of used cars are increasing day by the reasons behind this is that in these cities you can easily buy a stolen cars. People are experts in making fake papers so if you are planning to buy a second hand car be prepared for all such nervous shocks. Always try to grab a genuine car dealer. And if you are unable to find out an authentic car dealer or if you suspicious about the car dealer then you can buy it from pre owned car dealers who car company authorized dealers.
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