X

06th October 2021

Superadmin

Seasons of celebration are a great time to buy and sell cars

Cars are always a significant investment when you buy them, and it does take a lot of research to buy the perfect one that works for you. While you research, you would have also come to know that the value of a new car starts dipping as soon as you start using it. The value of most cars goes down about 20% within the first year of buying them. That could lead to a strain on your wallet after a few years. That is why you must purchase a car at a specific time of the year to reduce your expenses. You must also know when to let your car go and where you should sell it so that you can recoup most of the money you spent while buying it. Firstly, you should understand that many factors affect the price of your vehicle when you are selling it, and the selling cost would depend on the specifics of these factors. Keep reading to learn more about buying and selling cars- what affects their value, when to sell a used car and what factors play a role in the pricing.

Factors that affect the selling price of your car
  1. Environmental factors: You understand that cars are pretty complex machines, and there are times that something might happen to them. Moreover, automobiles run a greater risk of malfunctioning due to environmental factors like dusty roads, pollution, adulterated fuel etc. For example, you would know that Delhi has been ranked as the most polluted city in India for a few years now. By this example, you can understand how bad the environmental situation in our country is, which ultimately affects cars. Further, the quality of roads could upset a car’s suspension and sometimes might even misalign the steering system. All of these eventually lead to the depreciated value of your car.

  2. Depreciation Hit: As mentioned earlier, as soon as you start using your new car, it will lose up to 20-25% of its value in the first year or the first twenty thousand km of it running. The rate of depreciation gradually decreases after the first year. But, the value of your car will again take a massive depreciation hit after 3-4 years, when you can lose up to half of your car’s value since the NGT or National Green Tribunal of India banned the use of diesel cars after ten years of service. Thus, if your vehicle is more than ten years old, this will further decrease its value. Therefore, the earlier you sell your car, the maximum value you would get for it.

What is Depreciation, and why does it happen?

You would have now understood what depreciation is, but that brings us to the question of what causes depreciation. The first reason is the decrease in mileage. After a car has run about 30,000 to 40,000 miles, most bumper-to-bumper warranties start expiring. This is usually the time when cars are returned to the dealer or re-leased or re-sold. Plus, at this point, you need to do significant servicing for your vehicle, and that is quite expensive. Finally, during the fourth or fifth year of a car’s use, the maintenance costs start to skyrocket, so people prefer to purchase a second-hand which has only been used for two or three years when it has run no more than 30,000 to 40,000 miles.

Facelifts or model updates: Car manufacturers generally launch new updates or facelifts of every car model in their portfolio every couple of years- that is, in two or three years. Since most manufacturers are focusing on safety nowadays, new updates of car models come with ABS and AIrbags. These updates can make your three-year-old look outdated. Moreover, environmental authorities scrutinise cars, and new norms lead to the manufacturers releasing more frequent updates. Therefore, most people would want a car not more than three or four years old with the latest features which have not run more than 50,000 km. Thus, vehicles that are less than five years old have a better resale value in the market.

Best time to buy and sell cars in India

If you are looking for a new car to buy, India’s best time would be October to December. During this time, most festival seasons start, and showrooms and manufacturers offer considerable discounts to boost their sales. Thus, depending on your needs, you could buy a car with the latest features but make sure you research the vehicles available thoroughly. 
The factors listed above would tell you all you need to know about buying used cars or selling them. For example, the first thing people check before buying a used car is the odometer to check the number of km the vehicle has run. Plus, the years that the vehicle has been in use is also an important aspect. Hence, considering all of these aspects, make an informed choice on buying or selling a used car. For that, you can visit Delhi's Auto Best Emporio (ABE)  and grab any affordable premium car of your dreams!

Leave Your Comment

Your email address will not be published. Required fields are marked *

Recent Post

Porsche Boxster…

25th January 2020

Manual Or Automatic…

14th September 2020

Diesel Or Petrol…

01st October 2020

Tips To Keep In…

20th August 2020

How to Get the…

24th August 2020

Avoid These Seven…

24th August 2020

Second Hand Car…

29th August 2020

Perks Of Investing…

29th August 2020

10 Ways to Save…

29th August 2020

Car Organizers…

05th September 2020

Useful Tips for…

05th September 2020

How to Get a Used…

05th September 2020

10 Tips When Selling…

11th September 2020

Items to Keep In…

11th September 2020

10 Tips for Financing…

25th September 2020

A Comprehensive…

25th September 2020

Buying Second Hand…

01st October 2020

Car Servicing:…

01st October 2020

Second-Hand Luxury…

01st October 2020

Performance-Check…

01st October 2020

Clear Title for…

12th October 2020

Best Modifications…

15th October 2020

No Claim Bonus…

17th October 2020

Best Fuel-Efficient…

22nd November 2020

Difference Between…

02nd November 2020

Top Five Luxury…

06th November 2020

Petrol V/S CNG…

05th December 2020

Questions To Ask…

19th October 2020

Learn How To Clean…

26th October 2020

Step-by-Step Guide…

29th October 2020

Ten Reasons To…

31st October 2020

5 Common Mistakes…

04th November 2020

Easy To Maintain…

08th November 2020

Used Car Selling:…

10th November 2020

Tips To Make The…

12th November 2020

Safety Tips For…

18th November 2020

How To Avoid Car…

20th November 2020

Tips To Protect…

24th November 2020

How GST affects…

26th November 2020

Tips That Can Keep…

01st December 2020

Car Maintenance:…

03rd December 2020

Perks Of Having…

07th December 2020

Tips To Drive A…

09th December 2020

Winter Car Care…

11th December 2020

5 Typical Scams…

13th December 2020

Easy Maintenance…

17th December 2020

Kilometers Driven…

23rd December 2020

Transfer of Car…

27th December 2020

How To Calculate…

30th December 2020

Car Warranty Vs…

03rd January 2021

Why Is It Important…

06th January 2021

Car Battery Check…

23rd February 2021

5 Best Hybrid Cars…

10th February 2021

How To Choose The…

08th January 2021

Benefits of Buying…

10th January 2021

Safety Measures…

12th January 2021

Used Car Polishing…

14th January 2021

Car Seat Care:…

16th January 2021

Car Clutch: How…

20th January 2021

Tyre Maintenance:…

22nd January 2021

Have Long Distance…

24th January 2021

The Right Car Body…

27th January 2021

10 Bad Driving…

31st January 2021

Hybrid Cars: All…

02nd February 2021

AMT vs CVT vs DSG:…

06th February 2021

Increase your Fuel…

08th February 2021

How to Increase…

12th February 2021

History Report…

25th February 2021

Hidden Costs On…

27th February 2021

Important Things…

05th March 2021

Car Tyres: Myths…

07th March 2021

Fastest Cars -…

30th March 2021

7 Tips On Buying…

21st March 2021

Transferring Car…

25th March 2021

Common Car A/C…

19th April 2021

Beat The Heat:…

29th April 2021

Top 8 Reliable…

30th June 2021

Top 5 electric…

05th September 2021

Best Place Second…

16th September 2021

How to know if…

25th September 2021

How can you get…

23rd June 2021

Confused To Buy…

31st July 2021

India Luxury Car…

16th August 2021

9 Reasons You Need…

19th August 2021

8 Emergency Road…

26th August 2021

Monsoon Tyre Care…

30th August 2021

7 ways to extend…

02nd September 2021

Car Wrapping |…

08th September 2021

5 Reasons To Buy…

12th September 2021

4 REASONS A WIRING…

19th September 2021

Car troubleshooting:…

22nd September 2021

Car Scratches:…

30th September 2021

What is the best…

03rd October 2021

Car insurance:…

09th October 2021

Test drives for…

27th October 2021

The Concept of…

10th December 2021

xx reasons behind…

27th November 2021

How does a VIN…

19th December 2021

Tips for using…

25th December 2021

Cars with hybrid…

18th October 2021

Unstable Car Alarm:…

24th October 2021

Fogging your car:…

16th November 2021

Ford SYNC3 - a…

07th January 2022

After how many…

15th October 2021

A comparison of…

02nd November 2021

Car Tailgating…

06th November 2021

15 minute flat…

09th November 2021

What your car's…

13th November 2021

Car waxing: How…

22nd November 2021

Ten cars that are…

25th November 2021

What is the best…

29th November 2021

The top 5 luxury…

01st December 2021

Hypermiling - what…

04th December 2021

Synthetic fuels:…

07th December 2021

Antifreeze - what…

13th December 2021

BMW i Drive: What…

16th December 2021

Why is Anti-lock…

22nd December 2021

Types of Automatic…

28th December 2021

Audi's Virtual…

01st January 2022

What do you do…

10th January 2022

Certified Used…

08th February 2022

Deregistration…

24th January 2022

Vacation car hire:…

16th January 2022

How do LED running…

20th January 2022

Brakes - Drums…

27th January 2022

Fueling a diesel…

02nd February 2022

Bluetooth: What…

05th February 2022

Mileage-friendly…

11th February 2022

Driving laws around…

18th February 2022

In India, what…

21st February 2022

The 10 Best Foreign…

24th February 2022

Used cars that…

27th February 2022

Indian Cars Vs…

06th March 2022

Disksticks! Over…

15th March 2022

Driving safety:…

04th April 2022

How to convert…

07th April 2022

Not using your…

10th April 2022

India's 2-seater…

19th April 2022

Future Hyundai…

22nd April 2022

Car Engine Types

26th April 2022

Which is better:…

29th April 2022

An Introduction…

02nd June 2022

A Buyer's Guide…

11th June 2022

What is a Role…

29th June 2022

How "Torque" is…

04th July 2022

Low Engine Oil…

09th July 2022

Reasons behind…

11th July 2022

Nitrogen vs Air…

12th July 2022

What should be…

13th July 2022

How maintaining…

14th July 2022

Tips To Increase…

03rd August 2022

What is a Dash…

16th July 2022

What makes XC90…

20th July 2022

TOP 5 BMW CARS…

21st July 2022

Top 10 Signs of…

26th July 2022

What Is The Best…

08th August 2022

What To Do If a…

09th August 2022