Largo Bechtel (Anthropologist)

List of Contributed Answer(s) (Sorted by Newest to Oldest)

Answer # 1 #

The resale value will definitely come down slightly. When new cars become cheaper, used cars automatically lose some market value. Suppose you bought a Swift last year for ₹7 lakh. Today the same model new car costs ₹6.5 lakh. Then your used car cannot sell for ₹5.5 lakh, it may drop to ₹5 lakh or even less. But this effect will normalize over time. Resale depends more on demand, condition, and mileage. After 1-2 years, people will forget the GST cut and resale market will stabilize again.