Used Cars in Hyderabad

Used cars in Hyderabad

The demand for pre-owned cars is hitting an all-time high. It reached a record-breaking point last year, as the researches by CRISIL point out. Companies in the pre-owned car market are witnessing growth like never before, courtesy the growing aspirations of consumers, manufacturer-backed offers and exponential growth in the e-commerce space. Till a few years back, the ratio of new to used cars was 1:1.2. This has now grown to be 1:2.2, according to the reports of CRISIL. This implies that for every 10 new cars sold, 22 used cars are finding buyers. It is interesting to note that with steady decline in the holding period of a vehicle from six years to three years, there has been a significant increase in the supply of used cars. Market watchers have also asserted that the new passenger vehicle market is set to close at 2.8 million units this year.

A study by a renowned car portal has recently revealed that about 80% of the used cars in Hyderabad comprise compact cars and hatchback. It is noteworthy that white and silver are the most preferred colour shades amongst the people who seek to buy a second hand car. The top 3 car models which are the most popular amongst used cars in Hyderabad are as follows:

1. Volkswagen Polo : It is one of the main cars that this German company has launched in India to retain its market share here. The makers have endowed the new version of Polo with some upgrades that mostly cater to its interiors. One can hardly deny that the Polo has an extremely stylish and modern edge to it. Owing to its contemporary looks, it is arguably the most sought-after hatchback vehicle. It is also a highly preferred one amongst used car buyers.

2. Hyundai i10 : A relatively smaller hatchback, it has managed to make a stir owing to its looks and affordability. It flaunts an aesthetic design that gives it a solid upper edge in the entry level segment in the country. It looks compact from the outside, but the elegant designs in the interior offer ample space to fit in 4 adults comfortably. This car is also known to offer great fuel efficiency and has thus, remained a favourite over the years.

3. Toyota Etios Liva : This hatchback model has been built based on the Etios sedan and it shares most of its parts with the sedan. Launched in India by Toyota in December 2010, it was followed by the launch of the Liva hatchback in June 2011 for the Indian market. Ever since its release, the company did not introduce any changes to the hatchback until October 2014, when minor cosmetic upgrades were introduced.

With the Indian automobile market brimming with different car brands, it indeed becomes a difficult choice to zero in on one. And as more cars are being added every month to tap the potential of the growing market in India, consequently, the second hand car market is also growing in tandem. And, Hyderabad is no exception. Apart from these, there are also many other options which you can explore.

Used Cars - Benefits and Caution

Everyone dreams of owning a car. Depending on your ability to spend on buying the vehicle and maintaining it, you need to choose a model. Most people are quite possessive about their first cars. They service them regularly and do not let chauffeurs drive the car. If you are also worried about damaging your brand new car, that you would spend lakhs to buy, then you can choose to buy secondhand car in Hyderabad.

When you buy a used car Hyderabad, you need not be worried about damaging the car. If you are a new driver, then there is a good chance that you will not be able to handle the car skilfully on the road. You might bump it into an object or some other minor mishap may happen that would damage your car. If other people will also drive your car, then it is all the more advisable to go for pre-owned cars.

Pre-owned cars are also cheaper. If you intend to buy a brand new car of the WagonR or Santro make, then you will have to dish out more than Rs 4 lakhs. However, for a one year old car of the abovementioned makes, you will have to pay Rs 3 to 3.5 lakhs only. You will be saving close to Rs 1 lakh on your purchase. The working condition of the two cars won’t be much different either.

There are certain things that you should keep in mind when intending to buy a used car Hyderabad. You should bear in mind that more than cost effectiveness you need to be concerned about the condition of the car. There is no point in buying a car at one-fourth the price and then spending more than the buying price of the car to get it repaired. Not only does it cost you money, but it also costs you time.

You should not buy a car that has ran more than 30,000 km. The more a car has been on the road, the more worn out its tires will be. You will have to replace the tires once the car has ran for more than 40,000 km. Each tire of a car like WagonR will cost you around Rs 3000. So, to get all four tires replaced, you will have to spend around Rs 12000!

You should also not buy a car that is more than 5 years old. Older cars tend to have back dated technology that would be hard to maintain and won’t be fuel efficient. You should also buy a car that has been well maintained. It is common knowledge that doctors maintain their cars well. Make it a point to go for cars that are owned driven.

You can also check for the tax payment of the car. There is no point in buying a used car whose tax period will expire within 6 months. That can set you back by almost Rs 20,000!

If you are interested to buy a second hand Santro car in Hyderabad, log on to the free online classifieds website, to find such a car.