Used cars in India emerging as a potential business

Buying or owning a new car has become costly for the common man in India who now thinks of buying a used car instead. Thanks to rising fuel prices, increased duties and higher interest rates. All these factors add to the dillydally attitude of the customer thereby impacting new car sales in India.

However, in the recent months there is a significant upsurge in the number of customers preferring used cars over new cars, sources report. This is in fact the reason why big companies have also jumped into used car sales in India. Be it Maruti, Tata or Mahindra to name a few, even private owners are minting money out of used car sales in India. Another reason why people readily go for used cars is the depleting value of cars and of course attractive bargains. Moreover, there are advantages and disadvantages of buying a used car but seeing the rising car prices; a used car looks feasible to the common man.

Besides the used car showrooms that have opened up like anything even in nook and cranny parts of the country affirm the potential in the used car business. The used car industry also seems to have become more organized after the influx of professional players like Maruti, Tata, and Mahindra. Where people used to feel duped at the hands of the local dealer, these pan India used car companies give various assurances that help in building trust among the used car buyers. Also, just as they give it on new cars, almost all the companies give one-year warranty on every used car purchased from them. This builds confidence and the customers feel that the used car is worth buying if it has almost the same warranty as the new one. Besides there is CarDekho.com, an online portal selling and buying used cars, where users can upload their car with pictures and asking price and sell their car online. Used car buyers can also log on to the website and choose the used car they intend to buy from a list of used cars displayed on the website.