Price is one of the most important factors that play a role in deciding whether to go ahead with a purchase or not. Moreover it is also a factor which affects sellers, but how is the price of a used car determined?
The physical condition of the car is one of the first things that a buyer looks out for. Any rust spots, dents, scratches, worn out tyres reduce the price of the car. The buyer wouldn’t want a dented car and the seller wouldn’t want a lower price so a paint job fixes this issue for both, the seller and the buyer. Any leaks or corrosion is also something that brings the price down considerably.
The insides of the car also matter while determining the price of the car, working locks, vipers, damaged seats; play a role in determining the price. The number of kilometres the car has run for is also a factor.
Determining the price
From the buyer’s perspective, he or she gets the lowest price while making the entire payment via cash. If the buyer goes in for financing the car from a bank or other loan providers, then he has to pay a certain amount as interest which might increase the overall price of the car.
The price for used Hyundai i20 in Bangalore ranges from 3 lakh rupees to about 7 lakh rupees based on the various factors mentioned above, moreover, cars that have certification and a warranty are priced higher as they have had all the pre-existing problems resolved and fixed which costs the dealer money and increases the goodwill of the dealer/ seller that the buyer buys from.
The Hyundai i20 is a relatively affordable car in Bangalore and the prices of this car can be searched for online on various websites that deal with the sale of used cars.