In this fast-paced world, owning a car is often a necessity rather than a luxury. However, the high price tag of brand-new vehicles can be a significant barrier for many potential buyers. The car market in Bhubaneswar caters to a diverse range of buyers, but not everyone has the budget for a branded vehicle. This is where the used car dealers in Bhubaneswar fulfill the need and open the doors to many who might not be able to afford a new car. At Carbaazar, we allow you to experience the freedom and convenience of owning a car while staying within your budget!
We Carbaazar are a trusted name when it comes to the online second-hand or used car marketplace in BBSR. The improved used car quality we offer online, a wider variety of models, easier financing options, and environmental concerns make us the leader in the used car dealers’ market in Bhubaneswar. Our ‘value for money’ quotation for used or second-hand cars makes us the preferred choice among budget-conscious car buyers. Have you ever considered the reasons behind the perception of used cars in that way? Well, here are a few reasons that make buying second-hand cars from the Carbaazar marketplace a great value proposition: –
Used Cars are a lot more Affordable To Buy.
One of the primary factors contributing to the affordability of second-hand cars is their considerably lower price point compared to new vehicles. Typically, used cars experience a depreciation in value of approximately 15% to 50% within a period of 1 to 5 years. It makes them affordable for second-hand car buyers.
Slower Depreciation
Depreciation affects the value of all cars. The depreciation rate for pre-owned vehicles is meaningfully less compared to its new Counterpart vehicles. It has already experienced substantial depreciation by the time a used car is resold. It has a rapid decline in its value, which is approximately 20%-25% of its original sale price. Furthermore, vehicles tend to depreciate at a much slower rate after the initial three years. It means that if you acquire a used car and retain it for several years, you will still sell it at a favorable price.
Easy to Upgrade
Do you want to buy a used car and plan to upgrade it to a new model? We have a slightly older car model for you in the affordable price bracket. Modifying it can provide a superior value proposition. For instance, you might be able to get features such as a decent music system with USB, Bluetooth, and AUX. Apart from that, some of our used car models come with safety features such as airbags, ABS, and reverse parking sensors. You can get 4-5-year-old cars under a 2 lakhs budget.
Lower Insurance Costs
One additional factor contributing to lower operating expenses when purchasing pre-owned vehicles. It will decrease the value of insurance costs. Used cars experience a reduction in insurance premiums by approximately 30% to 40% after a certain number of years. Insurance premiums are generally determined based on the car’s depreciation at the time of sale or acquisition. The insurance costs decline with the age of the vehicle. So, it will make things affordable.
Accessibility of Spare Parts
A significant advantage of owning a pre-owned or used vehicle from an online marketplace is the easy accessibility to spare parts. This facilitates a relatively straightforward process for servicing and maintaining the vehicle. As the used car market in Bhubaneswar continues to expand and mature, the methods of buying and selling pre-owned cars have also progressed. With an increasing number of certified used cars and a variety of beneficial features, the preference for second-hand vehicles is rising more than ever.
At Carbaazar, we offer certified used cars with warranty and free service benefits. We allow you to enjoy a car-buying experience that’s similar to buying a new car. Explore the wide range of used cars at Carbaazar that are digitally evaluated, along with fair prices. We offer exemplary services and convenient processes for buyers and sellers.
