A used car, often known as a pre-owned car, is one that is being sold for the second or third time. India’s secondhand automobile sector is expanding. According to sources, the ratio of new to used automobiles is 1:2.2, meaning that for every 100 new cars sold, 220 used/pre-owned cars are available for purchase. The used car market is predicted to have a volume of 4 million units per year, which is 50% higher than new car sales. The best idea is to go for a used car loan. Reasons for the Used Car Market’s Growth Reducing ownership periods: The…