Where to Buy Cheap Used Cars in China?

To get into cheap used cars in china you need a mix of reliable sources and market insight so here is what I can tell you. The picture is different in the many Chinese cities with high rates of car ownership like Shanghai or Beijing – there the pre-owned market can win points, as prices are often 20% to 30% below those for new cars depending on brand and mileage. Autohome and 58Rumors are already a popular source many buyers go to. Com to help you search a huge number of available cars on the daily from private sellers and dealerships.

China: new launches typically mean lots of 2nd hand models out there, too, with the Shanghai Auto Show every April adding to the flow. Some models can be 50% less than they were three years old due to the depreciation. Local dealers in lower-tier cities (think Hebei or Shandong) frequently trade at 15-25% discounts relative to metropolitan areas because demand is that much weaker, offering buyers more choices.

In the used car sector quality assurance is at some point indispensable, because there usually are weak guarantees from the sellers. But certified pre-owned (CPO) options with warranties of up to 12 months are also offered by the likes of Guazi, which should lower some of those risks typically associated with the used-car market. According to China’s Automobile Dealers Association, through a recent report release, used car sales grew by 10% last year, buoyed by economic reasons and strictures license plate quotas in large cities that need most of the populace who shift to cars buy used.

Some dealerships in Guangzhou and Shenzhen import used cars from overseas with tariffs of zero or just 10 percent, offering discounts to customers looking for direct imports. But — as Confucius once said: “The man who moves a mountain begins by carrying away small stones.” The Property Federation hopes that it will release the economy somewhere i no distant past, sheeting many hopefully repository in a rank of years unprecedented prices, Don ignores organizations which submit to make loans.

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