Love that snazzy SUV? Buy a pre-owned one if a new vehicle is out of reach

Just make sure it's in good shape, the papers are in order and the price you're paying doesn't pinch in the long run

An increasing number of buyers in India are opting for pre-owned vehicles. Last year, about 4.1 million such cars were sold in the country compared to 2.5 million new ones. In other words, around 1.6 pre-owned vehicles were sold for each new one.

Cost-effectiveness, aspirations driving demand

One factor driving demand is the pandemic, which has made people more reluctant to use public transportation and shared riding options. “An increasing number of individuals now favour individual mobility,” says Gajendra Jangid, co-founder and chief marketing officer, CARS24.

Adds Niraj Singh, founder and chief executive officer (CEO), Spinny: “People have realised the