Warranty: Car retailers sell certified second-hand vehicles, which gives buyers a peace of mind. From used Mercedes in Mumbai to second hand BMW in Delhi, several pre-owned luxury vehicles are available for sale across India.Ĥ. Buyers have more options to choose from, allowing them to find a car as per their specific needs. Variety of Options: The pre-owned luxury car market offers various models. This allows buyers to access premium features without paying the high price of brand-new vehicles.ģ. By opting for a pre-owned luxury car, buyers can enjoy these high-end amenities at a lower cost compared to buying a new one. Better Features: Luxury cars often have advanced features and technologies that enhance the driving experience.
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Alternately, a pre-owned 2019 Audi A4 Premium Plus in Bangalore is available at Rs. One can compare the cost of new vs used Audi cars in Bangalore as the value depends on the model, year of manufacture, mileage, condition and more.įor instance, Audi A4 Premium Plus' on-road price in Bangalore is Rs. By purchasing a pre-owned luxury car, buyers can enjoy an invaluable experience and technical performance at a significantly lower price. Price Point: Luxury cars are typically associated with higher costs, and purchasing a new luxury vehicle can be a considerable investment. In addition to the factors mentioned above, several other reasons contribute to the growing popularity of pre-owned luxury cars, which are as follows:ġ. Reasons Why People Are Choosing to Buy Pre-owned Luxury Cars This upward trend is due to robust second-hand retailers who are catering to the growing market. Car buyers are now showing immense interest in buying luxury models.
This has not only increased the cost of luxury cars, but has also led to a rising demand for pre-owned luxury vehicles. The tariff on completely-built units (CBU) is going to seek a hike of 70% from 60% in taxation, while semi-knocked down (SKU) units, including electric cars, will see a surge in tax from 30% to 35%. As per the Union Budget 2023, the government has proposed an increase in the import duty on cars. However, the high taxes levied on luxury cars in India are making them out of reach for many people. Porsche India and Lamborghini are the other two luxury car makers that recorded the best sales last year. Recently, Mercedes, the largest luxury car maker in the country, announced its best-ever first-quarter sales numbers at 4,697 cars, which equates to a 17% growth. The surge in numbers is being driven by a variety of factors, including rising incomes, increased dependence on personal mobility and a growing desire for luxury among Indian consumers, which reflects well in the growth trajectory of luxury car sales. The industry is slated to reach an unprecedented milestone of 43,000 to 45,000 cars in 2023, despite slow economic growth in the country. GURUGRAM, India, June 9, 2023 /PRNewswire/ - The luxury car market in India is continuously growing. Spinny, the used car buying and selling platform, shares insights on how the Indian automobile market is transforming and discusses the growing demand for used luxury cars in India Category Name : General Spinny on the Growing Demand for Pre-Owned Luxury Cars in India
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