How does depreciation work in used car market??

How does depreciation work in used car market??

I am searching for a second-hand car, and a lot of my posts have told me I am overpaying, and the value of the car has depreciated a lot. Can someone please explain to me how it works based on the car model, year and mileage, and do dealers or used car sites charge more? What ceiling should be followed while looking at listings on online platforms like truevalue,spinny and olx?

u/Potential-Art6942 — 4 days ago

WE FORGOT ABOUT THE OTHER 2 CARS IN NANO VS COMET DEBATE

Both cars are discontinued redi go and reva, I found one listed online but damm why is it for 5 lakhs just because its electric also found a redi go it was for 1 lakh, so before comet we had them as well though only nano was popular the other two faded out

u/Potential-Art6942 — 24 days ago

Did you make a mistake by buying a second-hand car?

I just wanted to know if there are any buyers who have regretted their decision to buy a used/ second-hand car? Was it because of the price/specific brand/transmission/not getting a new car by investing some more, etc.

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u/Potential-Art6942 — 1 month ago

What type of issues will a used AMT car most likely have??

I am confused between MT and AMT, alot of people told me gearshift will be jerky if the car is 4 plus years, actuator may need to be replaced because of fuild leak and stuff and problems when the traffic is halt and move, replacing their parts also costs a lot

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u/Potential-Art6942 — 1 month ago

What type of issues will a used AMT car most likely have??

I am confused between MT and AMT, alot of people told me gearshift will be jerky if the car is 4 plus years, actuator may need to be replaced because of fuild leak and stuff and problems when the traffic is halt and move, replacing their parts also costs a lot

reddit.com
u/Potential-Art6942 — 1 month ago

Have you faced familial/ societal stigma while buying a used car?

I am a fresh graduate. I work in Vimanagar, and I travel there every freaking day from Kasarwadi. I have a heart-patient dad at home, and the only car we own, a Tata Zest, is giving us issues. I am new in my job; it doesnt make sense to pull a loan when my job hasn't become safe, I am facing back issues because of the local bus travel thingy I work a nine-to-five that extends to 6ish then I take bus to station then local to Kasarwadi or bus if I have missed it, if a bus is late I am stranded and then I miss my local so basically a lot of time and energy spent travelling, I felt that I should sell the Zest and get a cheap second hand car that can last me 2-3years or so, my family is soo freaking against it,I don't get it I just need a car to sustain me for sometime, I cant move closer to work because of some obstacles so not everyone can afford a first hand car and thats ok dont make them feel like they don't earn or do enough

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u/Potential-Art6942 — 2 months ago

Why is a nano priced at 1.5 lakhs????

Is this because of the car, or is this because it's in Bangalore and how is the car soo less driven??

u/Potential-Art6942 — 2 months ago

Buying a used Maruti Suzuki Celerio

So the car is available at a lower price for some time. I have no idea about cars; I am a noob,I am struggling currently because the family car, Tata Zest, is giving me issues with the conveyor belt, its my dad's car so I was young when they bought it, right now I using the same car to commute to work, I work in Vimannagar and we live in Kasarwadi so its a long distance and public transport exhausts me, just suggest me what car I can buy within 3 lakhs tax included I don't have a budget beyond that

u/Potential-Art6942 — 2 months ago