Why Second Hand Cars Are Becoming Popular in Mumbai?

Second hand cars mean a car that has been purchased, used and driven from many Kms and now it is knocking on the door of another buyer. A car which has served enough for one user and now its turn to be a partner of another user is a second hand car. There is no shame of using a second hand car in India. The stigma prevalent in India is not having a car or bike at your house, but people will not judge you if you but a second hand car.

Why Second Hand Cars Are Becoming Popular in Mumbai?

If you are staying in Mumbai, then you must be familiar with the fact that people are fond of purchasing cars a lot. This can be more prominent in Delhi as compared to Mumbai. Most of Mumbai people are accustomed to public transport mainly trains, but still, in comparison to other cities in India, Mumbai has a large number of cars. People do not bother to differentiate between new or used cars.

Mumbai is a city full of people who are struggling to make their dreams successful. So, the obvious thing is they have a budget crunch. This has elevated the scope of used car sale in the city. As we have studied in Economics, if the demand increases, the price of the product decreases. The same theory applies over here. Due to the increased demand of cars both new and used cars, the prices drop. It is obvious that the price of a new car cannot be reduced as it remains the same pan India. However, the prices of the second hand cars get reduced.

This is one of the most important reasons why the second hand cars in Mumbai are getting popular than other parts of India. Price is always the driving factor of buying second hand cars. So, for no doubt, this is the best reason for popularity. However, there are other reasons too.

Generally, as per Indian rules, a person is not supposed to run on roads after 10 years if you have a diesel orient car. Similarly, if you have a petrol variant, you are not supposed to run after 15 years. So, people are trying to sell off their cars after 5 – 6 years of driving at a lower price. If the condition of the car is fair, good, very good or excellent, then the market value of the car will be pretty decent. This will be good news for sellers too. Nowadays, special online tools are available for estimating the accurate market or real-time value of the car as per the present condition of the used car. For example, you can refer to OBV to obtain a fair and unbiased market value of the used car. This is one of the prime reasons why second hand cars for sale in Mumbai are so famous.

If you review a few examples of second hand cars in Mumbai, you will be able to understand the real scenario prevailing in the used car market in Mumbai.

Hyundai Creta 1.6 SX+ Petrol 2015

Hyundai Creta car of 1.6 SX+ model with petrol variant is available at Rs. 8.80 lakhs. The offer is extremely lucrative because the car has only run for 2,000 Kms. The first owner of the car is from Mumbai and he/she is trying to sell the car along with RC copy, Insurance copy and Service Logs copy. The condition of the car is excellent as per the inspection report of OBV and it has obtained 8.2 score on Full Circle Trust Score with 6.9 transparency score, 9.5 seller score, 7.5 health score, and 9.5 pricing score. The benchmark market value is between Rs. 8.14 – 8.80 lakhs.

Honda City V 2011

This Second Hand Honda City car model with petrol variant is available at Rs. 3.52 lakhs. Here the car has run for 75,650 Km in the last 8 years, so the price is a little lower. But, still the condition of the car is good as per the inspection report of OBV and it has obtained 6.3 score on Full Circle Trust Score with 5.9 transparency score, 7 seller score, 3.8 health score, and 9.4 pricing score. The benchmark market value is between Rs. 3.69 – 3.92 lakhs. The first owner of the car is willing to sell the car along with RC copy only.

BMW X1 xDrive20d xLine 2017

This is only 2 years old car which is available at Rs. 29.38 lakhs. The car has run for 80,000 Kms and it is a diesel variant car. The first owner of the car is from Mumbai who is willing to sell the car along with RC copy, Insurance copy and Service Logs copy. The condition of the car is good as per the inspection report of OBV and it has obtained 8.1 score on Full Circle Trust Score with 7.5 transparency score, 9.9 seller score, 6.7 health score, and 8.7 pricing score. The benchmark market value is between Rs. 22.96 – 29.38 lakhs.

These are some of the popular second hand cars available right now for sale. So, if you are looking for a similar car, you can surely go for these options.

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