Used Car

9 Things To Keep In Mind When Buying A Used Car Online

It’s a highly digitised world where what can be done online is being done online. The added convenience of online shopping extends to buying cars as well, especially used cars. Sure you can configure and pre-order a new car from a manufacturer’s website but when you’re looking to buy a used car, it’s a bit more complicated. While there are ... Read More »

Higher depreciation rate may lift used-vehicles market

Besides bringing down resale value, it will lead to lower insurance premium: Industry players The doubling of depreciation rate to 30 per cent for vehicles bought until March 31, 2020, as announced by Finance Minister Nirmala Sitharaman on Friday, augurs well for the used-vehicles market, say industry players. A higher depreciation rate will mean that the resale value will come ... Read More »

Things to be noted before you buy used car online

Scams can come in any number of forms and disguises and you have to ensure that you do not become a victim. (Representational Image) Purchasing an automobile is a major investment for anyone, especially today when the world has gone digital. With shopping increasingly going online, the wise customer is one who is vigilant and takes steps to protect himself ... Read More »

Buying A Used Car – Should Mileage Be The Only Factor?

The foremost factor that comes to mind when considering a used car is how many kilometres it has been driven. For instance, if you were choosing between two similarly priced cars of the same make and year, and one had 40,000km on it while the other’s odometer read 55,000km, you’re more likely to be inclined towards the first one as ... Read More »

Why online brands are going offline to tap fast-growing used car market

In India for every new car sold, there are 1.3 to 1.5 used cars sold. The ratio in US is around 2.5. Armed with $110 million funding received in January, Girnar Software-owned CarDekho is building a network of 200 used car dealerships across the country. It has already set up 31 stores altogether in Delhi-NCR, Bengaluru and Jaipur. Four new ... Read More »

This 2019 Study Reveals the Best Used Car Values for Under $20,000

New car sales are slowing down and due to the rising average cost of a brand new model, more buyers are pivoting to the preowned market. It’s no secret that letting someone else take the depreciation can result in a better value for your dollar, but a new study from iSeeCars examines which models can get you the most for your money. Even though ... Read More »

Value picks: Used car financing is now outselling new car loans

With many more consumers opting to buy second-hand cars, given how prices of new cars have shot up, banks are now focusing more on used car financing. Indeed, at a time when the demand for new car loans has flagged, credit for used cars is growing at perky 15-18%, according to bankers. CarDekho.com puts the pace of growth at an ... Read More »

China’s used-car marketplace Uxin to raise $230M via convertible notes

Uxin,  a Chinese second-hand car dealer with Leonardo DiCaprio as its latest brand ambassador, is tipped to get a bag of new funding less than a year after it raised $225 million from its public offering on the Nasdaq. The company announced on Wednesday that it’s selling $230 million worth of convertible notes to 58.com  — China’s answer to Craigslist, Warburg Pincus, TPG and other investors. ... Read More »

This Chinese Used Car Marketplace is Making all the Right Noises

One may have a second thought before purchasing a used car, but millennials in China are slowly changing this attitude towards owning one. A research firm recently published a report stating that the supply of used cars in China will increase as the market matures and the cost benefits will start to stand out more. And reaping full benefit is ... Read More »

Used-cars market shines bright as sales hit 4 million mark in FY19

As automakers continue to report plummeting April sales numbers, the factors triggering a slowdown in the new-cars market don’t seem to be weighing on the used-cars market. Used-cars sales crossed the 4 million unit mark in FY19, with it being 1.2x the size of the new car market. It is also poised to reach between 6.7 to 7.2 million cars ... Read More »