No Fuel For Old Vehicles: Second hand cars become cheaper by 50 %, golden chance to become a car owner

No Fuel For Old Vehicles: Second hand cars become cheaper by 50 %, golden chance to become a car owner

by with No Comment Car Review

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Prices of second-hand cars have fallen by 50% from fuel ban on old vehicles in Delhi. CTI chairman Brijesh Goyal said that 6 million vehicles will be affected by the EOF ban. Will be applicable from November 2025.

No Fuel For Old Vehicles: Second hand cars became cheaper by 50 %
New Delhi. If you feel that fuel ban on old vehicles in Delhi has made the car owners sleep, then it is very true. But, not only the car owner but the second-hand car is proving to be a bad dream for dealers because according to a new report, the price of second-hand cars is getting a decline of 50 %.

Resell value decreased
Due to the age of 10 years of diesel vehicles in Delhi NCR and the age of petrol vehicles to 15 years, the resail value for a car selling is almost negligible, and on the other hand, car dealers are being forced to sell them at low prices. The Chamber of Trade and Industry (CTI) has revealed that there is chaos in the second-hand car market as about 60 lakh vehicles are being affected by the end-off-lif (EOF) ban, which will be applicable from November 1, 2025.

The best time to buy a second-hand car?

Some people may say that this may be the best time to buy a second-hand car, and this is true. Speaking to PTI, Chamber of Trade and Industry (CTI) Chairman Brijesh Goyal said that the prices of second-hand cars are falling at the rates before before the EOF ban on vehicles. He said that since the campaign against old vehicles started, the prices of second-hand cars have fallen from 40% to 50%. This can be a temporary relief for the residents of Delhi, but they will have to face challenges again as soon as November.

One quarter price
Goyal said, “Delhi traders are now forced to sell vehicles at one-fourth of their price. The luxury second-hand cars were sold for 6 lakh to 7 lakh rupees earlier, they are now barely sold for 4 lakh to 5 lakh rupees. Buyers of other states are borgane accordingly. This can be a good time to sell your old vehicle and see Value for Money in the second-hand car market.

Location:

New Delhi,Delhi

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No Fuel For Old Vehicles: Second hand cars became cheaper by 50 %

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You will not be able to stop yourself from buying a new car, if you know the benefits of selling your old car at the end of the year!

You will not be able to stop yourself from buying a new car, if you know the benefits of selling your old car at the end of the year!

by with No Comment Car Review

Selling Car in Year End: New Year is near and on this occasion people plan many new things in their life. Upgrading your car can also be a great start to the new year. If you want to sell your old car and buy a new one or want to get a good price for the car, then year-end can be the best opportunity.

Here we are going to tell you the five big reasons due to which upgrading your car at this time can prove beneficial for you. Let us know…

1. Benefit from special offers and discounts at the end of the year
The end of the year is a time for auto dealers to clear out old inventory so that new cars can arrive in the new year. In such a situation, you are more likely to get special offers and discounts at this time, due to which you can get the car of your choice at an affordable budget.

2. Opportunity to get good resale value on old car
If you want to sell your existing car, you can get more benefits by doing so before the end of the year. There is a risk of the resale value of cars decreasing at the beginning of the new year, because the prices of cars are often decided based on the year of their purchase.

3. Benefit from the latest features of new models
Often, many new car models are launched at the end of the year, which have advanced technology, safety features and better fuel efficiency. By upgrading to a new car, you can take advantage of the latest features, which will make your driving even safer and more fun.

4. Avoidance of repair and maintenance expenses
If your current car requires frequent repairs, upgrading your car can save you both money and time in the long run. New cars have less maintenance hassles and often come with a warranty, which covers the service expenses.

5. Take advantage of tax savings
If you are a business owner or use a vehicle for professional work, you may get tax benefits if you upgrade before the end of the year. Talk to your tax advisor to find out how your new purchase can benefit from tax benefits.

You should upgrade your car at the end of this year. If you are planning to sell your old car then you can get the best resale value on OLX India. It is very easy to list a used car for sale on OLX India. Here you will not have any trouble at all in finding a customer for your old car.

Tags: auto news, Festive Season, new year

FIRST PUBLISHED: November 15, 2024, 13:22 IST

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