As Bhubaneswar continues to grow into a bustling urban hub, the demand for personal vehicles has surged. While many dream of owning a new car, the high price tags often make them inaccessible. For this reason, used cars have become an increasingly popular choice for many residents of Bhubaneswar. Here are some compelling reasons why it is a smart and practical decision to buy used cars in Bhubaneswar.
Affordability
The most obvious reason for buying a used car in Bhubaneswar is the cost. New cars, especially popular models, can be expensive, and the price often includes a significant amount of depreciation as soon as the car is driven off the lot. On the other hand, used cars are typically much more affordable.
Depreciation Benefit
New cars lose value quickly, especially within the first few years of ownership. This rapid depreciation can be a financial disadvantage for new car buyers. A new car may lose up to 20-30% of its value within the first year alone. In contrast, used cars have already experienced significant depreciation, meaning buyers do not face the steepest drop in value. This makes used cars a much more stable investment, as the vehicle’s value tends to remain relatively steady over time.
Wide Selection of Models
Bhubaneswar’s used car market offers a vast variety of vehicles, catering to different needs and budgets. Whether you’re looking for a small, fuel-efficient car for daily commuting or a larger vehicle for family outings, there is a wide selection of options available. From popular hatchbacks to luxury sedans and SUVs, used car buyers have plenty of choices in model, brand, and price range. Additionally, used car dealerships and online platforms make it easier to find specific vehicles that suit your preferences.
Lower Insurance Costs
Insurance premiums for new cars are typically higher than for used cars due to the higher value of the vehicle. Since the value of a used car is lower, the cost to insure it is generally less expensive. For many buyers, saving money on insurance is just as important as the initial cost of the car. In Bhubaneswar, purchasing a used car can significantly reduce your overall vehicle-related expenses, making it a budget-friendly choice.
Availability of Certified Pre-Owned Cars
For buyers in Bhubaneswar who may be concerned about the condition of used cars, many dealerships offer certified pre-owned (CPO) vehicles. CPO cars are thoroughly inspected and refurbished to meet the manufacturer’s standards. These cars typically come with a warranty, offering buyers peace of mind that they are purchasing a reliable and well-maintained vehicle. The availability of CPO vehicles ensures that even used car buyers can enjoy the reliability and quality typically associated with new cars.
Easier Financing Options
Many banks and financial institutions in Bhubaneswar now offer financing options for used cars, with competitive interest rates. While the loan terms for new cars may be more favourable, used car financing has become increasingly accessible and affordable. Buyers can secure financing to purchase a used car, making it easier to manage their budget and make monthly payments without straining their finances.There are several reasons to consider buying a used car in Bhubaneswar, from the affordability and wide selection of models to the financial benefits of lower depreciation and reduced insurance costs. Whether looking to save money or make a more environmentally friendly choice, being at the used car showroom in Bhubaneswar of CARBAAZR to buy a used car offers numerous advantages. Additionally, we make it possible to purchase certified pre-owned vehicles and avail financing options, to enjoy a reliable and cost-effective transportation solution.
