Did you know that the pre-owned car market in India is growing by 13% annually, while new cars are gathering dust in showrooms? Here’s why people are ditching new rides for second-hand deals:
🔸 Heavy Taxation – New cars are taxed up to 28% GST, making them super expensive!
🔸 15-Year Diesel Cap – Many states have banned diesel cars older than 15 years, killing their resale value.
💰 The Math Speaks for Itself!
✅ A used car can cost ₹3.5 lakh less upfront than a new one.
✅ Depreciation win! New cars lose up to 65% value, while used ones drop only 50%.
✅ Over 5 years, you could save ₹6 lakh just by going pre-owned!
While new cars offer better maintenance and insurance perks, used cars are the real MVP for budget-conscious buyers! 🚘💨
Would you choose a new or used car?
