With the new XUV500 being launched and hitting the road, many used car buyers are looking at buying a used Mahindra SUV. So should I buy a used Mahindra XUV500? Let’s find out. If you’re looking for a Mahindra SUV that is not too old and has been well-maintained, buying a used one can be an excellent option. Used cars often cost much lesser than their brand-new counterparts, making them a great value for money. Owning a second-hand car also helps in reducing your monthly instalments on loan if you opt to finance your purchase. If you’re considering Should I Buy a Used Mahindra XUV500 here is what you need to know –
What is the depreciation rate of a Mahindra XUV500?
Before we can decide whether you should buy a used Mahindra XUV500, we need to understand how much a new car loses its value over a period of time. This is called the depreciation rate. For the Mahindra XUV500, the new car depreciation rate is about 20-25% over a period of 5 years. This means that if you buy an XUV 500 that has been in the market for 5 years, you will be getting it at 80-85% of its original price. This also means that if you’re buying a Mahindra XUV 500 that is close to 10 years old, you will be buying it at just 25-30% of its original price. While the XUV 500 is a great car and has held its value well over the years, it is always advisable to buy a used car that is less than 5 years old. This will help you get a vehicle that is still under the manufacturer’s warranty and has been well-maintained by its previous owner.
Why should you buy a used Mahindra XUV500?
There are many reasons why you should buy a used Mahindra XUV 500. Some of them are New cars lose their value as soon as you drive them out of the showroom. Buying a used car will help you save a significant amount of money because you will be buying it at a lower price than its brand-new price. The maintenance and repair cost of a used car is significantly lower than buying a brand-new car. This makes it a great choice for people on a budget or just starting out in life. If you’re looking to buy an SUV, a used car is the best option as it will have lower road tax, fuel efficiency and will make less noise than a brand-new SUV. You can also easily upgrade a used car according to your changing requirements and lifestyle. You can easily upgrade the engine, and interior, or add accessories to give the car a new look. Buying a used car also helps you reduce your carbon footprint by not contributing to the excessive use of natural resources and energy while manufacturing a brand-new car.
What to look for in a used XUV500?
If you are planning to buy a used Mahindra XUV500, it is important that you know what to look for in the car. Here are a few things that you should check before you make your purchase.
- Engine and gearbox: The gearbox is one of the most important parts of the car because it is the one that engages and disengages the clutch. If the clutch is not engaging properly, it might cause issues like jerking while shifting gears, excessive noise and vibrations. This can damage your transmission and other moving parts of the car. Before you make your purchase, make sure the engine and gearbox are in top-notch condition and there are no issues with either of them.
- Suspensions: The suspension of the car is supposed to absorb the shock and vibration of the road when you drive over it. This helps reduce the noise and vibration that is produced while driving on bad roads or potholes. A faulty or worn-out suspension can severely damage the car’s tires and wheels. Make sure the car you are planning to buy has good-quality suspensions that are not too worn out.
- Body and interior: Since you will be spending a lot of time in your car, make sure the interiors and exterior of the car are in good condition. Check the paint job and body of the car for any dents or scratches. Make sure the car doesn’t have any broken parts like a broken headlight, door handle, etc.
Is Mahindra XUV 500 worth buying as a used car?
As we have seen above, there are many benefits to buying a used car. The Mahindra XUV 500 is a great choice if you’re looking at buying a used car. Let’s see why – – The XUV 500 has great fuel efficiency and low road tax – Buying a used XUV 500 will help you save a significant amount of money on fuel efficiency and road tax. A used XUV 500 offers a smooth, comfortable ride – The XUV 500 features a state-of-the-art suspension system with monotube shock absorbers that ensure a smooth and comfortable ride.
- A used XUV 500 offers ample space to passengers and luggage – The XUV 500 comes with 7 seats and is a great option for families who want to travel in comfort without giving up too much space.
- Used XUV 500 are available at a lower price than buying a brand new SUV – A used XUV 500 is cheaper than buying a brand new SUV. This makes it a great option for people on a budget or just starting out in life.
- Used XUV 500 can be easily upgraded and customized – The XUV 500 can be easily upgraded and customized according to your changing requirements and lifestyle. You can easily upgrade the engine, and interior, or add accessories to give the car a new look.
- Used XUV 500 helps you reduce your carbon footprint – Buying a used car also helps you reduce your carbon footprint by not contributing to the excessive use of natural resources and energy while manufacturing a brand-new car.
Should you buy an XUV 500 with no warranty?
As we have seen above, there are many benefits to buying a used car. However, buying a used car with no warranty can be a big risk. If you want to buy a used XUV 500 with no warranty, it is important that you thoroughly inspect the car and check for any issues before you make your purchase. This will help you detect any problems with the car sooner and get them rectified before they become a problem. If you are buying a used XUV 500 with no warranty, you can also consider getting it serviced at an authorised Mahindra service centre. This will help you detect and rectify issues with the car before they become a problem.
Our Take: Should you buy a Mahindra XUV500 or not?
The XUV 500 is a great SUV that is easy to drive, has ample space and is good on both the road and off-road. It comes with a powerful engine and is equipped with modern safety features like traction control, ABS and EBD. You can also easily upgrade and customize it, making it the perfect car for someone who likes to stand out. If you are looking to buy a used Mahindra SUV, the XUV 500 is a great choice. It is available at a lower price than its brand-new counterpart and is a great value for money. If you’re considering buying a used XUV 500, make sure you check the car thoroughly and get it serviced at an authorised service centre.