How to judge the right time to Buy a Used Car?

1. OLX Cash My Car How to judge the right time to Buy a UsedCar? There is always the right time to do things, to turn your wish into realities. Therefore, don’t fool yourself by hurrying into a decision which is also applied while thinking or planning to buy a used car . Though some can easily argue that if they wish to do something one shouldn’t wait for the time to come to you. The pre-owned car market value depends on various factors around the year to arrive at a definitive price for a particular car. The factors could be brand, the month of the year, season, financial period, new launches, and obviously demand-supply of used cars. While these are few of the important driving factors which one should keep in mind deciding when to buy a used car. Let’s look into the reasons briefly of which are the best and worst times of the year to buy a pre-owned car . Best of the Times: Wait for March and September – These two months are favourable to do the purchase of used cars as they are the months where the graph of new car buyer goes up. Therefore, leaving many used cars available with the organized dealers’ post valuation and complete transfer papers. OLX Cash My Car prepares their team for

2. quick inspections of used cars so as to keep the pre-owned cars ready for the new buyers. Occasions like Diwali: So as far as Indian market is considered, any of such industries are highly driven by festivals. Especially Diwali, it’s an auspicious time of the year which is marked as the time begin something new or do purchases. Thus, many of the new cars are bought during that period which again leads readily supply of used cars to the organized dealers making the supply go higher while demand still trying to catch up. Hence, it’s the time to get a profitable deal as far as supply has been surpassing the demand. End of the month or quarter end: Each salesperson is struggling with a target to be met at the end of the month or end of the quarter. This results in better-negotiating deals with the organized dealers. You will find many who are still crawling to meet the numbers who will give you a good platform to bargain in your favour. Discount season: In India, we have got multiple discount seasons when it comes to automobile industries. When there is a discount on new ones you have more number of people being lured by the deals and they end up selling their cars to dealers. Because they would have sold their cars below average cost to earn cash on the spot you can leverage the situation to purchase a cheaper car. With the help of an online database with OLX Cash My Car , the data is not restricted to localities but a vast area. Dealers’ time to Clear up: During July and August, most of the dealer prefers to start clearing the old stock of pre-owned cars to make space for the ones which will be sold when new cars are being launched in the market. Thus, they sell at a lower rate than the average rate during peak season. Worst of the Times: A Vehicle on high demand: When a vehicle is on high demand its cost will go up too. For example, you will find that mostly Maruti or Honda models are priced high because they are on high demand most of the months of the year. You would only find them priced average or below when the brands have started launching new cars in those particular categories.

3. Till Report Card has been generated for the new cars: It plays a vital role in deciding to spend a heavy amount of money to buy a new model used car from the dealer. It is crucial to wait for the report card being generated across different automobile consumer forums to decide on the purchase. Make sure you do your research before you invest in a used car – new model or old doesn’t matter. Supply at its lowest: It’s worst time to buy a used car when your shows the model is not much available on dealers’ websites. Such used cars will always be highly priced automatically basis the algorithm set the OLX Cash My Car . Therefore, it’s advisable to always wait for the right time to let the number of such cars increase. When the fuel price is at a hike: Used cars tend to use more fuel in comparison to a new car for sure though maintenance plays an important role as well. So, when fuel prices are being hiked or even announced one should not consider making a purchase. As a new owner, you will start facing a mileage issue which can be a huge burden. As well as, it will add up to in the increment of maintenance cost of the used car. Finances are unhealthy: There will be quite a few numbers of second-hand car buyers who would get their purchase financed by banks. Such buyers should ensure to take a loan when the interest rates are lower because it might not be worth for a used car. We advise doing a forecasted calculation of how much money finally will be invested in a used car vis a vis life expectancy of the car. There can be many such scenarios where one should know when to take the right decision to buy a car, though, the aforementioned reasons are valuable enough for the guidance.