The Next Big Thing in the Old Car Selling Market: Olx Cash My Car

GURGAON, India - Feb. 21, 2019 - PRLog -- The used car market is flourishing at a good pace these days. This market consists of various players dealing with second-hand cars and there is a good competition going on between all.

In fact, it is not known to many that the pre-owned car market is bigger than the new car market. According to SIAM data, in 2017 the used cars market was 1.25 times bigger than the new cars market. This is because a new car that costs around 12 lakhs on road is sold for as low as 5.5 lakhs after four years of wear and tear. A new hatchback bought for 8.5 lakhs will cost around 3.5 lakhs after few years of use. Price depreciation is the foremost reason for the shift in demand from new to pre-owned cars. But there are many other reasons responsible for this shift. These are:

1. Less ownership period:
These days' people are not using cars for a longer period which has led the market to flourish with used cars. And a used car with less ownership time is automatically demanded more by those who find it better to buy the pre-owned car than the new ones.

2. The price difference between new and used cars:
For some, a used car close to the quality of new car and at a cheaper price is better than buying a new car at much higher price. This gives rise to the demand for old cars.

3. The shift in consumer demand:
Looking at the value of the new cars there are many people who shift to the pre-owned car section for their use. Many find it as a value for money deal.

4. Luxury car market:
In the case of luxury cars, the demand is increasing day by day. Many feel that it is important to maintain status symbol but getting that in lesser money spent is a win-win situation for them. They don't want to deal with higher depreciation value born by the luxury cars with passing years.

The traditional way of selling or buying a second hand car demand lot of labour work. Also you are dependent on others rather than self. Thus, it is more of a dependent procedure than leaving you with an independent decision. But the new era offers you with more freedom and independence. It is in fact a revolution in the market of selling used cars. This new method offers no dissatisfaction in terms of valuation of the car or the paper work that follows once the deal is locked. Thus, it is a favorable situation for both- the car seller and the buyer. The transparency in the procedure makes it more reliable and efficient.

As a seller of a second-hand car, every individual must have a reality check before expecting anything from these selling companies. This requires you to understand the following things:

1. Wrong Price:
As a seller one should first study the market and then quote a price, as the wrong price would do nothing but delay the sale of your used car. Thus, to quote a price which is not worth is of no use.

2. Curb Appeal:
The phrase is used in the real estate markets to refer the look of the home from the curb. It is used for a car in the same context. A buyer buying a second-hand car would expect the car to be as new in looks. Thus, to increase the demand for your second-hand car and get your desired price for it, it is important to spend a few bucks to maintain your car.

3. Pictures:
Another important thing is to share high-quality pictures with buyers to stand out. Better pictures lead to a better deal.

4. The car that is not in demand any more:
It is important to accept if the car is not in demand in the market. This is because if you are trying to sell a car that is not demanded by anyone but a junk collector you need to stop wasting your time.

To sell your used car online you need to follow few simple steps. This includes:

1. Schedule an inspection for your car to be checked by the company executives.

2. Get your car inspected by the executives and also get all your documents verified so that correct and best valuation can be done.

3. Get offers from chain partners and other buyers. If the offer is accepted and the deal is made, you can take support from the team of the company to do all the paper work for you. This makes life easier and hassle-free.

To make life simpler for its users OLX has partnered with Frontier Car Group to launch its offline pre-owned car business called OLX Cash My Car. Currently, there are 50+ stores across the country and the company plans to set up 150 stores by the end of 2021.

OLX Cash My Car
+91 9818262262
https://www.cashmycar.olx.in/