Buying a second-hand car in China provides many choices with different advantages, prices and configurations that are suited to all budgets and needs. High-traffic onliine hubs,such as Autohome and Tuhu, carry thousands of boxes agarage in landlocked cities such as Chengdu for between 30, 000 and 200,000 RMB that are filterable by Kms covered, age and Marque and favouring activity over price negotiation.
Dealerships certified as alive and well give buyers all the comforts of exchange (inspection guarantees, extended warranties, etc.) along with their generally higher pricing. Nearly 40% of the Chinese used car buyers prefer certified dealers, and these options offer additional peace of mind with an accident history report along other repair services. And dealers do a roaring trade, many offering helicopter and seaplane delivery service from Vancouver–some dealers include a six month to one year warranty on average–which can be worth its weight in gold in what is becoming one of the largest car markets on the planet.
But in major cities such as Beijing, Shanghai and Guangzhou, the used car markets are huge, with hundreds of cars on display so buyers can come and see a variety of options from different brands and models. Beijing’s famous Yayuncun Auto Market, for instance, spans over 100,000 square meters and offers in excess of 10,000 vehicles every day. The popularity of these markets is significant; nearly 60% of China’s urban residents say that the live markets are their first choice for affordable variety.
Lower financing options, which can be secured through partnerships with some of the country’s largest banks, allows for rates as low as 3% yearly on used car buys. This method of finance is particularly attractive to younger buyers, which account for almost 30 percent of the Chinese used car market and helps them drive newer models without burning a hole in their pockets.
Although it is something that often concerns people when buying used, there are plenty of used car websites and dealerships who are likely to go as far as offering detailed inspection reports on vehicles. A recent survey by the China Association of Automobile Manufacturers showed that almost 80% of second-hand cars marketed in the last five years were up to acceptable standards, thanks to close quality supervision and a strong dealership network.
From a selection of used car China markets with thousands of cars on-site to the safety and convenience shopping online, used car China provides affordability for all auto shoppers must-haves a minor luxuries too.