Should you buy used luxury cars in India?

Is it bad to buy a used luxury car?

A used luxury car isn’t without its downsides. … Buying used you’ll likely have to make some repairs far sooner than you would need to in a new luxury car. Parts cost more, and because luxury cars are often more complicated, you’ll end up paying more in labor fees, too.

Is it good to buy luxury cars in India?

Yes definitely,buy a expensive car and enjoy it for 4–5 years and after that sell it. After 5 years car starts swallowing money. Suspension overhaul, clutch replacement,tires, alloys, rattling etc all become headaches.

Are second hand Mercedes a good buy?

Due to the faster depreciation rate of luxury cars, buying a used Mercedes can be more attractive than you think. The value of a Mercedes will see the biggest hit within the first 5 years of its life, this makes the initial purchase price less of a concern if you are looking at a vehicle 5+ years old.

Who can afford luxury cars in India?

For entry level luxury cars your average income must be 50 lakh per annum. If you have got this much package then you must be giving more than 15 lakh tax. All car customers owning luxury cars fall in this bracket. They can afford down payment of 8 to 10 lakh and monthly Emily of 80000 to 1 lakh for luxury cars.

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Which city has most luxury cars in India?

Delhi remained the largest market for luxury cars in the country, while Mumbai too held on to its second place on the list. Ludhiana and Surat have become two of the 10 biggest markets in India for luxury cars.

Which is the cheapest and best car in India?

Best Budget Cars in India under 3 lakh

  1. Bajaj Qute. Available in both petrol and CNG variants, the Qute from Bajaj justifies its name, along with maximum fuel efficiency. …
  2. Datsun Redi-GO. The Datsun Redi-Go is another hatchback in this list of the best budget cars in India. …
  3. Renault Kwid. …
  4. Maruti Alto 800.
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