The rapid growth of industries, the stretching as well as the expansion of roads all around and the changing lifestyle have insisted people to have a vehicle for safe and quick journey. It is everybody’s dream today to buy a four wheeler, because it not only makes us different from others in the society but also multiplies our personality. But having a brand new car is not always possible for each social group. The expenses of a brand new car are out of the budget for many, therefore the second hand cars make the best option. Second hand vehicles can be much cheaper than the new ones. The depreciation cost can be lesser and financing of loans for these second hand cars too can be obtained easily.
In early days, people were staying only in a limited area and the rest were the vast expanses of forests which were the home of wild animals and birds. But with the rapid pace of industrialization, the jungles and the trees have been cut down to build small and large industries and wonderful buildings. The places which were only the home to the wild animals have now transformed into overcrowded towns and cities. In order to reach the office or a shopping center, we need to travel miles of distance. So owning a second hand car can really make our travel easy and comfortable.
A car is now the second largest purchase that many families make. According to a survey, it has been estimated that the market for Second hand vehicles sales is increasing at a rate of 25% and the present rate is about 80 to 90 percent across the world. This figure may surprise everyone, but this is happening because more than 80% of second hand cars market is unorganized and only 10 to 20% market is organized. Around 60 to 70% transactions are usually carried out directly by the used car buyer and the car owner, but within the limits of law. From these statistics, it is clear that the demand for second hand cars is much more than new cars.
There are numerous dealers in the market who offer
