When Buying A Used Car May Be The Better Choice

When Faridabad-based Raman Sharma, 49, an IT professional, was posted at a remote location in Uttarakhand in 2011 for a wide area network (WAN) project, he decided to buy a used car for his daily needs there. “We had bought a new Honda City a year before my posting. My wife started using that car when I shifted location. For the initial few days, I somehow managed, but because of the remote location, treacherous terrain, and inclement weather, I decided to buy a used car." Raman sold off the car after his three-year stint got over. In India, used cars are primarily bought for servicing certain needs, including temporary usage like in the case of Raman, or to learn to drive, or, as the family’s second or third car. For most people, small vehicles suffice for these needs. But, nowadays, many first-time buyers in the luxury segment also prefer a used car. The word on the street...