New car with low mileage – why is it being sold as a used car?

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When talking about used cars, everyone might think they must be in poor condition or have been in accidents causing dents. However, many used cars are still in 90-100% perfect condition. There are numerous reasons why the owners of these cars need to sell them.

Everyone may have seen used cars being sold by their owners, either online or at used car dealerships. Nowadays, most used cars are in excellent condition, having been used very little, almost like brand-new cars. Some cars might not even have run 10,000 km but are sold as used cars. Why is this? Motorist has the answers for you.

From New Car to Used Car

Most people might wonder why cars that look as new as brand-new ones, only 1-2 years old and still available in showrooms, end up being sold as used cars. You might think these cars are illegal or have a bad history, but there are many other reasons why new cars become used cars, such as the following:

Car Repossessed by Finance Company

During the period when cars are transitioning to electric or hybrid systems, car manufacturers aim to sell as many older gasoline models as possible by lowering prices and offering promotions, discounts, and giveaways. This strategy also helps boost sales. Many people become interested and purchase cars during this period. However, as time goes by, they start struggling with payments due to the rising cost of fuel. After missing three consecutive payments, the finance company has to repossess the car, causing the buyers to lose both their money and their credit standing.

Original Owner Couldn't Keep Up with Payments

This reason might stem from the owner's financial situation starting to deteriorate, prompting them to quickly decide to sell the car before it gets repossessed by the finance company. If any car owner realizes their financial situation is becoming problematic and wants to sell their car, they can contact Motorist or call 02-8216967.

Lease Expired

Some nearly new used cars might be ones whose leases have expired. These cars are often registered under corporate entities, such as rental car businesses or company cars used within an organisation. Once the lease ends, they are sold as used cars.

When choosing a used car, it is essential to select one that is in good condition, has not been involved in severe accidents, flooding, or rollovers, and has been well-maintained.

Deciding to purchase a used car requires considering various factors, such as ensuring the car is in good condition, has not suffered from major collisions, flooding, or rollovers, and has been consistently well-maintained throughout its usage before being sold. This helps minimize potential issues that might arise later.

If you are looking for a well-maintained used car, you can browse a curated selection of vehicles from Motorist at www.motorist.co.th/used-cars

Read More: How to Get the Highest Price for Your Used Car in Thailand

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