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17 Tips for Buy Pre Owned Luxury Cars In India | Pre-owned luxury car market growing at 15% CAGR despite increase in prices

  • The car that you drive says a lot about your personality. If you are a car lover and have the desire to purchase a luxury car, nothing can stop you now! You might be worried about your finances but you can now afford to buy pre-owned luxury cars of your choice. Everyone should get a chance to live a life of luxury! - Source: Internet
  • A luxury car conjures up images of supreme comfort, exceptional ride quality, and first-rate engineering. You get special add-ons that make the ride more stylish and comfortable, but they don’t allow you to go any further or faster than a standard passenger car. A luxury car is a status symbol that many people are willing to pay a high price for, but it is unnecessary. Instead, visit a pre-owned car dealership to find great deals on high-quality pre-owned vehicles. - Source: Internet
  • Sumit was born to a business family, the path to entrepreneurships was always given. He has completed engineering from RVCE engineering college and right after his college he founded KoiBhiCar.com in 2012, an online marketplace for pre-owned luxury cars. After a quick realization about the industry, Sumit shifted his business to an offline model and established Luxury Ride in 2015 along with his two friends. - Source: Internet
  • A pre-owned car’s value depreciates less exponentially than a new car’s. While a new vehicle’s value can drop by up to 50% in the first four years, the value of a pre-owned vehicle depreciates much more slowly. You will get more comfort, better features, and increased safety if you choose a pre-owned luxury car over a new economical car then all of this comes at nearly the same price. - Source: Internet
  • The service team of Luxuryride.in is skilled, empathetic, and engaged to deliver the most effective service in the Pre-Owned Luxury car industry. They tailor the delivery of your car to best suit you, while the unconditional aftercare will guarantee an extended and lasting relationship. Luxury Ride is a leading pre owned luxury car dealer with a name for providing their customers best in class of services and a fantastic selection of the latest, rarest and best examples of luxury cars. - Source: Internet
  • India’s pre-owned car market is growing at 15 per cent while the new car market is growing at 10 per cent, in terms of CAGR, with used car volumes poised to become 1.5x more than the new car market by FY26, a recent study by OLX Autos and CRISIL shows. Even within the overall used car market, the luxury cars have seen a sharp rise in both demand and supply in the first half of 2022. - Source: Internet
  • Since the coronavirus pandemic devastated the global economy, times have changed, and the pre-owned luxury car market environment has evolved as well. With the used automobile market becoming more organized and stable, it’s a great moment for first-time purchasers to check out new models, great design, and cutting-edge technology all in one vehicle. Purchasing a quality used car in Delhi NCR is easier and more cost-effective than purchasing a new economy. - Source: Internet
  • Nobody will be able to persuade you to select one over the other. It is largely dependent on your circumstances, requirements, and preferences. Purchasing premium used vehicles in Delhi provides a number of advantages over purchasing a brand-new luxury vehicle. - Source: Internet
  • The best thing about owning a used car is its low cost and quality assurance. Sometimes, the maintenance cost is also included for a particular time frame. The pre-owned car industry is well known for its simple mantra “More for less is always good”. If you are constrained by budget and want to live your dream of buying a BIGG car, then reach a certified pre-owned car dealer. - Source: Internet
  • Since its beginning it has successfully served the industry of pre-owned luxury cars. Luxury Ride aims to deliver the very best quality vehicles at the foremost competitive costs, all in an impeccable, truthful, relaxed and pressure-free atmosphere. With a courteous and friendly team of sales professionals, the brand is dedicated to provide the best in class service. - Source: Internet
  • Luxuryride.in is India’s largest & fastest growing multi-brand pre-owned luxury car player. Established in the year 2015, it is the final shopping destination for the foremost exclusive and fascinating luxury cars. - Source: Internet
  • Who does not want to be the owner of a Mercedes? Mercedes mode Benz’s GLA SUV is an incredible model that falls under classic luxury cars and has a hybrid engine and remarkable torque. The distinctive features include, the GLA has a 10.25-inch touch screen infotainment system, a panoramic sunroof, and ambient lighting. This unique vehicle entails both gasoline and diesel engines and an automatic transmission. - Source: Internet
  • The study said that cross Tier I and Tier 2 cities, demand growth was led by ultra-luxury brands on a year-on-year basis. “In Tier I cities, absolute growth in demand continues to outstrip growth in supply by 3.8X vs 2.6X in Tier 2 cities, (H1-2022 in comparison to H1-2021). Pre-owned luxury cars are cheaper to buy in Tier 2 cities vs Tier 1 cities,” the study said. - Source: Internet
  • Buying a car, whether new or pre-owned, comes with additional costs, such as car insurance. The good news is that the premium for a new car is higher than for an old car. Aside from insurance, you must also pay a lower amount for registration fees. Because the cost of registration is based on the car’s transaction price, buying a pre-owned car lowers the cost of registration. - Source: Internet
  • Used car valuation on CarTrade takes into account factors such as purchase year, make of the vehicle, car model, car variant, kilometers driven and overall condition of the car to get an unbiased and fair pricing. Pricing engine on CarTrade is updated regularly with the market data from millions of verified buyers and sellers. It gives a fair valuation for the resale value of the car. - Source: Internet
  • Owning a luxury car is a dream for many and there are very few who can turn their dream to reality. The pre-owned luxury car market has now evolved and changed the mindset of people. A swift change is seen in the audience’s behavior when it comes to buying pre-owned luxury cars instead of a new luxury car. Earlier, buying a pre-owned luxury car was noeasy, there were a lot of trust issues however the industry is slowly getting organised with the introduction of verified pre-owned luxury car dealers. - Source: Internet
  • Luxuryride.in has a presence in 7 cities across north India – Delhi, Gurugram, Karnal, Chandigarh, Jaipur, Dehradun and Ludhiana. The showrooms are a mix of company owned and franchise operations. Primarily focuses on the price range of Rs. 12 lakhs to 2 crore which encompasses most premium luxury brands from Audi, BMW, Mercedes, Porsche, Volvo, Jaguar, Lexus, Mini Cooper, VolksWagen & Land Rover to Bentley and other exotic cars. - Source: Internet
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