10 Reasons why you should go for a Used vehicle than going in for a New one !

Lets explain this by taking an example of a SUV which costs 20 lakh ₹ or 33 thousand $ and same vehicles price after 6 months 

1.  As soon as a new car goes out of the showroom its value depreciates by 8% approx - (i.e in case of our suv we mentioned for reference the value drops by 1.6 lakh ₹ or 2666 $)
2. The insurance cost of a new car cost around 3.8 % which you dont have to shell out from your pocket as the previous would have already paid for it .(i.e in our case we save another 80 thousand ₹ or 1333 $ )
3. Registration cost of vehicle is another 10 % ( i.e another 2 lakh ₹ or 3333 $ )
4. Any new vehicle comes with a 2yr or 3 yr warranty which means you still enjoy and can drive the vehicle stress free without worrying for a break down for another 2.5 or 1.5 yrs which is sufficient time for a fault to come up if previous owner had mishandled the vehicle
5. Some owners buy fancy registration numbers which can come around 50 thousand ₹ or 800 $ .
6. Whereas you need to pay the amount by your bank account , you can purchase a pre owned vehicle by paying in cash as well !
7. While buying a new car you need to furnish your tax account details , which can be skipped in case of a pre owned vehicle .
8. You are just lucky enough the previous owner could have bought a maintenance package , which would be win win situation 
9. Same pride , comfort , convenience and ownership of the same vehicle as that of a person who bought a new vehicle !
10.  And in nut shell if you add all the benefits ,On the price of a new vehicle costing  20 lakh ₹  or  33 thousand $ you save 24.5 % which is " 4 lakh 90 thousand ₹ or 8160 $ "

So new car costs 20 lakh ₹ or 33 thousand $

Same new car after six months is available for 17 lakh ₹ or 25200$ .

By : Anmol Lakhanpal