Pricing in the Indian Second Hand Car Industry

While walking on the street you are bound to come across a number of Hyundai i10 cars. The Korean company, Hyundai, launched this car in 2007 and a decade later this car is still up and running and attracting the buyers’ attention.

Features that make it Popular 

The car has great mileage and all the security features required and though the leg space at the back is not as much, it is as good as a hatchback can get. Moreover, to make all these features worth it, the Hyundai i10 is very affordable. The most expensive of its variants is priced at about rupees 5 lakh, and this price is of a brand new i10. In the used market, price for used Hyundai i10 in Bangalore can be as low as 1.5 lakh.

Low Price Doesn’t Mean Low Quality 

Though the car is sold for as low as rupees 1 lakh, that does not in any way mean that the car is in a bad shape or that there are some faulty parts. Low pricing is usually done due to competition. Buyers usually look for the cheaper option and if the seller has guaranteed quality then the buyer is sure to buy from them, giving them profit.

Factors that Affect Price 

The overall price, however, does increase after payment. For example, at times to avail extended warranty, you need to pay extra. If the buyer is paying for the car using a loan, then repaying of loan does take time. So these factors must be looked into beforehand to ensure that the buyer does not feel cheated.

The second hand car market is growing in India rapidly and is a market to be paid attention to. All the cars that are sought after, be it a vintage car or a Hyundai i10, everything is available online with all kinds of demands being able to be fulfilled.