BouncyMarshmallow
BouncyMarshmallow
29d

What's with the second hand car rates!

I recently thought of buying a small second hand car to learn driving. Obviously, bangalore roads+ new big car + no prior car driving experience didn't make any sense to me. So I started by checking out some websites and apps for second hand cars. MyGate also gave quite a few options but I don't understand why these small old car owners are quoting such prices. Came across multiple i10s which are like 17-18 years old quoted at 2.5-3L. Whereas bigger cars are newer and their asks seem more reasonable. Would you be able to suggest how to go about this scenario?

29d ago
FuzzySushi
FuzzySushi

Never understood the second hand car market in India. Actually I never understood the second hand market for anything here. People will sell a 10 year old product 20-30% less than what they bought it and call it a great deal 😂

BouncyMarshmallow
BouncyMarshmallow

I agree. Seems like they try to use the logic of housing price increase over years on depreciating assets as well. After seeing so many posts, I came to the conclusion that people who bought these cars almost 20 years ago might have put their entire jeevan punji for this purchase and are still undergoing the trauma of spending this money. Chindi log!

SillyNarwhal
SillyNarwhal

buy a first hand vehicle. Or else you'll be paying for someone else's mistakes

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