Better employment opportunities along with improved salaries have led to the increase in the aspirations of people. Most people working in cities require buying a car not only as a status symbol but also as a necessity. Cars give a family the freedom to travel whenever they want and at whatever time they want. It is also cheaper than hiring taxis or cars. Even though the want for a car has increased, the personal disposable income of a person has not increased to that extent. Therefore, a lot of people are now deciding to buy used car in Bangalore over a brand new one.
Picture this scenario that a family of 5 needs to buy a car for weekend drives and getaways and their budget is only Rs 4 lakhs or so. This family could opt for an entry level hatchback such as the Maruti Alto 800 or the Hyundai Eon for that amount. Would they be able to sit comfortably? Would it not be better if they opted for an SUV? Opting for a car from the used car in Bangalore market gives them the freedom to choose an SUV even with a limited budget.
A large number of first time buyers in the age bracket of 25 years to 34 years is opting for used cars over brand new cars because it gives them the freedom to buy cars which are suited for their purpose instead of vehicles which fit their budget. The used car market has been growing in double digit figures for the past couple of years and buyers expect the growth to continue. Market experts have predicted that the market would grow to Rs 50,000 crore within the next 5 years. The current inventory of used cars is around 3.2 million. In India, for every new car sold, the number of old cars sold is 1.2. This number is around 3 in foreign countries such as UK and USA and India would soon reach that figure.
The inventory of old cars in the market is quite large now because of the seizures conducted by financial institutions and banks for non-payment of loans. During 2007 to 2011, the numbers of cars sold was a lot which has also given rise to the inventory of old cars. Most people hold onto their cars for 5 years or so and that period has arrived. Online car selling websites have also helped the cause of used car selling because most people look up online for the best deals possible. Almost 1 out of 2 people consult the internet, prior to buying cars. The traffic to websites has gone up by 30 percent due to the advent of mobile devices, which was only 10 percent earlier. Car selling websites have launched apps which can be downloaded for easy browsing of old cars.
In order to attract more traffic, automobile selling websites have introduced articles and reviews of latest cars which are launched, comparison between similar cars and also videos of experts driving the cars. Some websites have also introduced live chat systems which allow you to speak to an expert regarding a particular car. Conversations and chats regarding cars and latest launches are also features on the website. These articles and blog posts are mostly featured to keep visitors interested in the websites.
If you too are planning to buy a used car in Bangalore, you can look these websites up to read reviews of various models and people’s experience with them. Regarding used cars, you must understand that judging a vehicle only on one parameter may be difficult. For example, you may fear that a car which has been driven extensively may have problems in its engine. However, that may not be the car when it is on road. The common factors which affect a used car’s performance have been discussed below:
1. Age of the Car
A car’s age is one of the biggest determinants in its quality. Usually cars which are older than 7 years or so should be avoided because their engines have suffered a lot of wear and tear and may give you a lot of trouble. The newer the car, the better its performance is. Needless to say, a newer car is more expensive than an older one. However, buying a car which is too new (i.e. has not gone past 10,000kms) mark may not be a good buy because the car won’t be performing smoothly and also it will also not offer the best possible mileage.
2. Number of Kilometres travelled
The more the number of kilometres a vehicle has travelled, more would be the wear and tear on its engine. You should avoid buying a car which has travelled for more than 25,000kms or so. However, this is not a very clear indicator of the quality of the car because if it has been maintained well and serviced regularly, then it would perform very well. The more a car has travelled, the lesser is its price tag.
3. Fuel Variant
Usually diesel cars are more expensive in India because the engines are bigger and these cars have better fuel economy. This stands true in the used car market as well. The vehicles which make use of diesel usually have higher compression ratios which cause a lot of wear and tear on the engine. However, if you have to travel long distances, the fuel efficiency of diesel cars combined with the lower price of diesel makes diesel cars quite attractive to a buyer. If you have to travel more than 50kms in a day, then it would be best if you opt for a diesel car. Those buyers travelling only 30kms or so in a day should buy petrol cars.
4. Colour of the car
Metallic colours such as silver and white colour are preferred among car buyers and hence they are more expensive. If you are trying to save a little on the expenses of your used car in Bangalore, you can opt for a coloured car such as red or blue.
Though a small business owner, Avinash Bhosale is an auto engineer and does part time auto modification. He writes about new and used cars; give updates on offers for used car in Bangalore .