In the face of skyrocketing car prices due to Pakistan’s economic situation, the prospect of buying a new car for budget-conscious first-time buyers seems increasingly challenging. However, there is a compelling alternative – opting for a second-hand car. The advantages of buying a used car are numerous and noteworthy.
This blog explores the undeniable benefits of choosing a pre-owned vehicle, from significant cost savings to a diverse selection of models, including coveted JDMs. As the demand for used cars surges, it becomes evident that they have emerged as the preferred choice in Pakistan’s current automotive landscape.
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Let’s explore the advantages that have turned used cars into the hottest trend in Pakistan’s automobile market.
This is obvious. Imagine you planned to buy your dream car at the start of this year. You’d been saving money for a long time and just when you were about to make the purchase, its price went up. Now it’s out of your budget.
Car prices, like petrol prices, keep going up every month (though petrol prices get reviewed fortnightly). And the reason given by every auto manufacturer is the same – economic uncertainty and a weaker Rupee against the US Dollar.
The economy is still weak and the Rupee continues to slide against the Dollar. So, should we expect more price hikes this year? Most likely. Therefore, it would be a better decision to buy a used car instead of a new one.
More Options in Your Budget
One of the most important advantages of buying a used car is that you get more options in your budget. Do you know that you can buy a used Honda Civic (2013-2015) for a lesser price than a new Suzuki Swift? Surprised right? The same is the case with many other cars.
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It Will Not Hurt When Reselling
Used cars may have bad resale in the rest of the world but not in Pakistan. Just remember, if your car is not damaged, its value will not decrease. It doesn’t matter whether you bought it brand new or second hand.
As the prices of new cars keep going up, the prices of used cars keep going up too. So, might as well buy them cheap and sell them when the price is high.
When you buy a new car, you have to get it registered. When you buy a used car, you don’t have to wait to drive your car. The vehicle is already registered and has a number plate. All you need is to get it transferred in your name.
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Don’t Have to Pay “Own Price”
“Own money” is still an issue in Pakistan. If you want to buy a new car immediately, you will have to pay “own price”. It takes an auto manufacturer anywhere from 1 to 10 months (if not more) to deliver a car. If you can wait this long, good. If not, you’ll have to pay for it. This further increases the cost of buying a new car.
This is not the case with a used car. All you need is to check the car, bargain with the seller, verify the documents, pay the money, and the car is yours. You just need to get it transferred later on.
Chance to Get a Great Deal
There is more than just saving money when it comes to buying a used car. In rare cases, you can get a used car at a very cheap price. It happens when a person is going abroad and wants to sell everything in a hurry. There are many other reasons why some people sell their cars at a cheaper price.
While getting a new car is a dream for many, not everyone gets to live this dream. For those who cannot afford a new car, getting a used car is the best option. Especially these days when the prices of new cars keep going up. In addition, buying a used car offers advantages which a new car doesn’t.
Have the recent increases in the price of cars stopped you from buying a new car? Tell us in the comment section below.