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How technology changed the used car market forever

Clix December 5, 2018

Everybody stays away from buying used cars. Why? Because of hidden payments and lack of upkeep. However, with the gift of digital technology, a simple web search can open up several options at your fingertips. In fact, you’ll be surprised to know that the used car market accounts for nearly 3.4 million^ annual car sales in India alone. And this has been made possible by cutting-edge features of digital platforms..

Here’s a look at how digitalization has made buying used cars easy, fast, and simple.

Reliability and transparency of information

Digital platforms provide reliable information about everything you need to know — from the date the car was manufactured on to the total distance travelled. With so much transparency and accessibility of information, people feel confident about purchasing used cars online.

Hassle-free purchases

Back in the day, buying a used car from dealers was a tedious task. Moreover, there was no way of verifying the validity of the information the dealer would provide the customer with. Cut to the present, one doesn’t have to think twice before buying a used car online. Everything you need to know is available at the click of a button.

Accessibility of car loans

Depending on the car’s price and your budget, you can look up banks and NBFCs online to fund your purchase. While you’re at it, don’t forget to lookup the best loan packages available by checking loan tenures, down payment, and EMI amounts.

Most of us live life in the fast lane and need to get to places ASAP! This makes owning a car a necessity. Thankfully, the high rate of used car sales has got the attention of financial institutions. This in turn has made getting a car loans easier than ever.

Source
^ https://www.mordorintelligence.com/industry-reports/india-used-car-market

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