Are used SUVs more economical for Indian families?
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    Are used SUVs more economical for Indian families?
    Updated:02/09/2024
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    1 Answers
    MoonVoyager
    Updated:09/04/2024

    As the popularity of SUVs continues to grow in India, many families are considering whether buying used SUVs is a cost-effective option.

    Q: What are the benefits of owning a used SUV for Indian families?
    • Cost-effectiveness: Used SUVs typically have lower prices compared to new models, allowing families to save money.
    • Durability and Space: SUVs are designed to be durable and offer ample space for families, making them ideal for longer trips.
    • Lower Depreciation: Used cars depreciate slower than new cars, making them a smarter financial choice.
    • Variety: The used car market offers a broader selection of models and features.
    Q: What are the downsides of buying a used SUV?
    • Maintenance Costs: Older vehicles may require more frequent repairs.
    • Warranty Issues: Many used SUVs may not come with warranties, leading to potential unexpected expenses.
    • Fuel Efficiency: Some older SUV models may not be as fuel-efficient as newer alternatives.
    Q: How do the running costs of used SUVs compare to other vehicles?
    Vehicle Type Average Fuel Efficiency (km/l) Average Monthly Maintenance Cost (INR) Average Insurance Cost (INR)
    Used SUV 10-12 3000-5000 10000-15000
    New SUV 12-15 4000-6000 15000-20000
    Compact Car 15-20 2000-4000 8000-12000
    Q: What are the most popular used SUV models among Indian families?
    • Mahindra Scorpio: Known for its rugged build and reliability.
    • Toyota Fortuner: Provides a good balance of luxury and utility.
    • Renault Duster: Offers good mileage and space.
    Mental Map of Buying Used SUVs
    • Research: Check market prices, models, and amenities.
    • Inspection: Inspect the vehicle for damages and maintenance history.
    • Test Drive: Ensure the vehicle meets performance expectations.
    • Financials: Evaluate the total cost including insurance and maintenance.
    Statistical Overview of Used SUV Market in India
    Year Used SUV Sales (in thousands) Average Price Range (INR)
    2020 150 8,00,000 – 12,00,000
    2021 180 9,00,000 – 13,00,000
    2022 220 10,00,000 – 14,00,000
    Conclusion

    While used SUVs can be economical depending on the model and condition, families must consider various factors, including maintenance costs and fuel efficiency, before making a purchase.

    Upvote:760