A Maruti Zen for Rs 2 lakh, Mitsubishi Lancer for Rs 3 lakh and Skoda Octavia for Rs 6 lakh. Unbelievable prices, isn’t it? These are just a few examples of the unbelievable mouth watering price tag worn by the most sought-after used cars for sale in Hyderabad in the certified outlets of the city.
A handful number of vehicles didn’t had a smooth ride history to boast about, but by refurbishing they are made to look as good a new car can be. They also come along with the certification of quality which ranges from as high as 1 year to low as six months.
Hyderabad has seen lately major players putting up their refurbishing units and shops. Local second hand cars in Hyderabad dealer Mahavir Auto and Automart of Pune origin- promoted by Mahindra and Mahindra-have already set-up certified used car showroom, with an inventory boasting of 60 vehicles of different brands. This is been supplemented by Maruti’s true value shop and other such counters run by small unorganized players.
Financial assistance is also provided for purchasing such used cars for sale in Hyderabad. The annual sales of second hand cars in Hyderabad are a decent 1,000 units and its monetary worth is estimated at Rs 36 crores.
Second hand cars in Hyderabad, of which, the sales peak during Diwali and Dassera are seeing a sudden change of events. Experts on the field attribute this to higher rates of interest on car loans.
With inflation boring big holes in the pockets of many potential buyers, the twin city is witnessing a rude shock courtesy to the rising prices. The sale of used cars has scaled down to half of what it was last year.
In the same vein demand for larger cars like the Skoda, Honda City, Scorpio, Verna, Honda Civic and Safari have also gone southwards.