A second hand car can be cheaper in comparison to brand new. The depreciation in used car often lesser and car financing can be easily achieved. In a survey, it is clear that the used cars sale in India is increasing day by day. 1.4 million Second hand cars are available in buying and selling market. It is really a matter of concern that only 10 percent of Indian used car market is organized and remaining 90 percent business is unorganized in nature.
30 percent of the business is handled by the private dealers while the remaining 60 percent are usually carried out directly by buyer and seller. Such unauthorized dealing can be risky for the buyer. In India, cheatings are often noticed and complaint. People who are first time buyers have no idea about the market about used cars and fooled very easily. Middle man often misguides the buyer and he has to face a big loss.
To help out people and save them from cheating, some of the certified pre-owned dealers entered into Indian market. Name of the reputed dealers includes Maruti TrueValue, Honda Auto Terrace, Hyundai Advantage, Ford Assured, Toyota U Trust, Mahindra and Mahindra's First Choice among others. The branded used car companies are slowly realizing the future potential of the used car market so many more companies are yet to come to India.
The branded second hand car outlets have now started buying and selling used cars at good rates. They also allow people in solving their queries and getting important information beforehand. The best part of purchasing cars from such outlets is that you can also take the finance if facing cash shortage. Repayment of borrowed amount is really easy and you can repay the amount in flexible repayments. You can also take help from insurance facility.