Most of them are not very much bothered to match their day to day needs but want to own a latest product. The frequent changes in the technology and heavy players in the field of engineering had led to the increase in many models. Especially in certain industries like mobile, laptops, televisions, bikes and cars, the change in technology could be seen every day.
Reasons for purchase of new cars
The days are gone where people buy a product which suit their needs and days have come where people buy to showcase their status. One such product which is purchased in markets to showcase their status is the “CAR” and people are crazy in buying new cars. There is a small percentage of population who purchase new cars as and when it launches. Also as there is a steep increase in the affordability of the current young population, they prefer buying latest cars with exclusive specifications.
Another important factor to buy a latest car is easy financing that’s available in the market, by submitting pan card, last three months’ pay slip and address proof of an individual, apart from this, there are many finance companies who offer the customers to own a latest car by just paying one rupee and submitting some of the basic financial documents.
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