Used Car

China’s used cars put a dent in global industry

Traffic in Taiyuan, China. The country’s used car market is poised for growth, meaning fewer sales of new cars for foreign manufacturers © Bloomberg China’s car market has been key to the recovery in global auto sales growth since 2009, as the chart below shows. Its passenger car sales in the first half of each year have risen threefold between ... Read More »

Planning to buy a second-hand car on loan? Here’s what you need to do

According to a survey done last year, the size of the Indian pre-owned car market is 3.5 million cars. This, as per the survey, was 1.2X of the annual sales volume of new cars. But, despite having a much bigger share in terms of the number of cars sold, only 15% of the used cars sold, were financed through used-car ... Read More »

Carspring, a London and Berlin startup that lets you buy a used car online, raises £5M Series B

Carspring, the London and Berlin used car buying platform founded by Rocket Internet, has picked up £5 million in Series B funding. Backing the round are Rocket Internet itself, along with Channel 4’s Commercial Growth Fund, which offers media in the form of TV advertising in return for equity. In other words, a portion of this round (£1.3m) isn’t cash per ... Read More »

Where Should You Sell Your Used Car In India?

Selling a used car in India can be a tedious exercise. With multiple listings on different online portals, numerous spam calls, random inspections by mechanics and endless negotiations with individual buyers, it’s definitely a time-consuming process at the end of which, we mostly don’t get a fair price for our cars. Cars24 Home page This is why a TV commercial ... Read More »

GST Effect on Used Cars Deals: Buyers Pay More, Sellers Fetch Less

The Indian government has clarified that the Goods and Services Tax (GST) on used cars will be paid only on the margins made by dealers. There will be no incidence of GST on deals between individuals, as it is assumed that the taxes have already been paid at the time of buying a new car and charging GST on a ... Read More »

Things to Keep in Mind When You’re Hunting for a Reliable Used Car

An elderly woman is crying profusely over the phone, and all anyone can do is listen and try to console her. Through no fault of her own, she’s now beside herself with a $7000 repair estimate for a car that has become a 3500-pound paperweight. The only thing she knows about cars is how to drive one. Guess who was responsible ... Read More »

Things to Keep in Mind When You’re Hunting for a Reliable Used Car

An elderly woman is crying profusely over the phone, and all anyone can do is listen and try to console her. Through no fault of her own, she’s now beside herself with a $7000 repair estimate for a car that has become a 3500-pound paperweight. The only thing she knows about cars is how to drive one. Guess who was responsible ... Read More »

Additional cess above GST to be removed on used car sales

Earlier Maharashtra had enforced an additional road tax of 2 percent on varying vehicle rates over and above the GST on purchase of new vehicles. This 2 percent cess was to replace the existing octroi duties in the state. NEW DELHI: Good news seems to be in the offing for the used car market. The additional cess of 15 percent that was to be imposed ... Read More »

Need a Used Car? Need Auto Repairs? You Need S & B Auto Repair

Whenever you need an affordable used car or reliable auto repair services, you need to check into S & B Auto Repair. S & B Auto Repair is named for Steve and Britny Braun, who focus on auto services, maintenance and repairs for all types of vehicles. Steve has more than 20 years of experience as an auto mechanic and ... Read More »

Additional cess above GST to be removed on used car sales

NEW DELHI: Good news seems to be in the offing for the used car market. The additional cess of 15 percent that was to be imposed on certain categories of second hand vehicles will now not be chargeable, according to a recent notification by the Under-secretary to the Government of India. For instance certain categories of larger vehicles in the above 4 metre range were ... Read More »