Cars Have Become The Necessity In Mumbai


The city of Mumbai is the financial capital of India. And thus, it creates 100s and 1000s of jobs each year. The rising employment opportunities in this region have meant that people across India have migrated to this place and settled here permanently. The increased population has put immense pressure to existing infrastructure in the city. This has also affected public transportation leading to increased loss of lives due to overcrowding in trains. The local trains and buses are extremely crowded in peak hours making it almost impossible for people to commute. All of this has resulted in people having no choice but to opt for their own mode of transportation – car or 2 Wheeler.

While, car provides a safety net and comfort, driving a 2 Wheeler is more affordable. However, the bikes are certainly not the best option considering the pollution level and traffic situations. Therefore, citizens of Mumbai have no option but to go for cars. Having said this, affording a car is not everyone’s cup of tea. A compact Sedan costing anywhere between 7 to 8 lakh rupees will attract a down payment money of 1.5 lakh rupees and a minimum loan of 5.5 lakh rupees. Furthermore, this will lead to equated monthly installment of 12,000 rupees along with cost of petrol and maintenance cost. All of these expenditures lead to monthly outgo of nearly 20,000 rupees. Nevertheless, this issue has given way to new industry - Resale cars in Mumbai.

The wave of resale cars is fast catching up in metros. This is because of the following reasons:

•         Affordability factor – One of the key drivers of 2nd hand cars in Mumbai has been its affordability. The resale cars are easily available at the discount of 40 to 50%. This translates to savings of nearly 3 to 4 lakh rupees for an entry level sedan. What’s more, the hatchbacks can be easily available in the range of 1 to 2 lakh rupees. This is best for new employees, graduate students and a family of 4 people.

•         Ideal for first time drivers – Driving a new car can be extremely challenging especially in densely populated city like Mumbai. The chances of scratch or minor accidents are always prevalent more so due to the negligence of fellow drivers. Hence, the resale cars are an ideal starting point for someone who is driving in Mumbai for the very first time. These cars also enable drivers to get used to:

o    Basics of driving

o    Challenging traffic environment

o    Unpredictable weather conditions, etc.

This is not all;the resale cars also act as great learning curve and keep the drivers in good shape in long run. Considering the huge rise in number of road accidents, it is important that drivers have good hands on training before experimenting with new cars. After all, there is nothing more precious than a human life! Considering all of these benefits and the lower cost attached to it, the resale cars in Mumbai are here to stay for ages.

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