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Should I Buy A Second Car?

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Is it advantageous to have a second car at home or is it a burden in the long run? Should I buy a new car or used car as a second car at home? What should be an ideal second car?

These days many households have a second or even third car. We solve your dilemma whether to have a second car or not. First answer these seven questions.

  • Are your family members put at inconvenience when you are away with the car quite frequently?
  • Is your car so big that you find navigating thru the city difficult?
  • Do you regularly do long distance drives?
  • Can your wife or children drive?
  • Can you easily get a driver when you need?
  • Do you have space to accommodate one more car at home?
  • Can you afford one more car?

If you have most of the first six questions with a YES and you can afford one, you should consider a second car at home.

Benefits of a Second Car

  • Added flexibility at home.
  • A cheaper second car can be put to duty for all city errands which in turn helps to prevent your primary car from city battle scars.
  • Your spouse can get more work done in your absence, freeing up time for you.
  • If you do very frequent long trips, it is a good idea to have one car for the city and one for the long highway jaunts.

A sparingly used petrol hatchback or premium hatchback would be an ideal choice as a second car as the initial investment as well as subsequent depreciation will be less. Also a hatchback will be easy on maintenance front and also will be easy to drive in the city.

IBB Picks for a Second Car

  • Tata Nano
  • Maruti Suzuki Alto
  • Maruti Suzuki Wagon R
  • Nissan Micra/ Renualt Pulse
  • Maruti Suzuki Swift
  • Hyundai Santro
  • Hyundai Eon
  • Renault Kwid
  • Chevrolet Spark
  • Honda Jazz (Used only)
Get Attractive Finance Quotes

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