The reason why People in Tamil Nadu prefer used cars over new ones

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Affordability

Reduced Price: Compared to new cars, the used cars will cost you significantly cheaper especially when it comes to cars that are only 2-3 years old at 30-50% lower.

Less Loan Burden: The lesser the loans the less the EMI burden.

Why the Used Cars Are Used More Than New Cars in Tamil Nadu

Lower Depreciation

New cars depreciate quickly: A newly bought car deteriorates in value up to 15-20 percent as soon as you drive it out of a car dealer showroom.

The rate of depreciation then stops after a period of 23 years. When you purchase a used car, therefore, you are much lower on your resale.

Source of Insurance

The premium on insurance is based on the value of the car. As the used cars have low IDV (Insured Declared Value), insurance is cheaper.

Road Tax Saving

In Tamil Nadu, the road tax is normally paid up front by the original owner. By thinking used, you do not have to spend that hefty amount to another dealer anymore all you need to spend are transfer fees and miscellaneous.

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Access to Branded Used Car Dealers

Used car outlets have got certification of big brands (Maruti True Value, Mahindra first Choice, Hyundai H Promise).

You have warranty + service support and that means less risk.

Improved Cars at Lower Costs

Your money can also purchase a car of high-segment (e.g., used sedan instead of a new hatchback) with more options for the same amount of money.

Enclosed Registration & RTO Nuisance

Purchasing a used car in most cases comes with less paperwork especially when purchased through a well-established dealer.

Emotional Factors 8

First Car: Most of the people learn how to drive on a second-hand vehicle so that they have no fear of scratches or dents.

Second cars are also seen being purchased second hand in the joint families to do their errands in the city.


Tamil Nadu Particular Reasons

  • Heavy Taxes on buying new cars: The slab of road tax in Tamil Nadu is also one of the highest.
  • Famous Buy-Back Market: Used cars are well traded in major cities such as Chennai, Coimbatore and Madurai.
  • Middle-Class Demand: Clients like value and utility more than a new brand.
  • There are Better Condition Used Cars: There are excellent roads thus resulting in used cars that are typically in good condition.

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