Why Not Try A Second Helping!

Sumit Chhazed, Co-Founder, CredR
Tuesday, March 29, 2016
Sumit Chhazed, Co-Founder, CredR
Headquartered in Mumbai, CredR is India's CredR is an online platform enabling the users to list and purchase verified, pre-owned vehicles at the reasonable rates.

Initially people had an appalling perception about pre-owned vehicles, largely attributed to dubious sellers, atrocious prices, repairs and most importantly, not getting a good condition vehicle in hand! Much of this situation has improved today, and there is a growing affability for pre-owned vehicles. But interestingly, consumers still carry different perceptions about owning a pre-owned vehicle.

These perceptions are a result of their personal experience, or feedback from the immediate social circle. One cannot however, generalize the category based these selected opinions, since the desire and expectations of each buyer is different. Some buyers seek economic viability, while others seek short term convenience and some might be making an impulse purchase. So often the predicament of 'pre owned vs new' is a tussle in the buyers mind: So here are some pointers from community experience, to help you decide on buying a pre-owned vehicle:

Cost: The pre-owned vehicle comes at a lower price, so it allows the buyer to look for better options. Instead of buying a brand new bike, one can opt for a second hand good quality bike on the higher end, with better features. Here, the buyer often seeks value for investment as one is getting a higher model at a cheaper cost, and most often the perception also changes towards the bike.

Lower Insurance Premium: The premium amount for any used vehicle is comparatively much less, compared to the new one. So effectively, the second hand bike is cheaper and if the quality of the bike is good, one can save some money on maintenance too.

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