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[aclmartsjaipur]

Navigating the Second-Hand Market: Your Guide to Buying and Selling Used Cars in Delhi

The bustling capital of India, Delhi, offers a vibrant market for both new and pre-owned vehicles. Whether you're looking for a budget-friendly runabout or a reliable family car, finding the perfect used car can be a rewarding experience. However, navigating the second-hand market can feel daunting, especially for first-time buyers or sellers. This guide aims to simplify the process, providing you with valuable insights to ensure a smooth and successful transaction.

Best 9 Platforms for Buying and Selling Used Vehicles in Delhi:

Maruti Suzuki True Value: This official Maruti Suzuki outlet offers a wide range of certified pre-owned cars, ensuring peace of mind with a warranty and service history.

Honda Accord: Similar to True Value, Honda Accord provides a curated selection of pre-owned Honda vehicles with a focus on quality and transparency.

Droom: This online marketplace boasts a vast inventory of used cars across all makes and models. Droom simplifies the process with detailed listings, virtual tours, and financing options.

Cars24: Another popular online platform, Cars24 offers a hassle-free experience with doorstep inspection, instant quotes, and on-site paperwork completion.

Spinny: With a focus on quality control, Spinny conducts a thorough 200-point inspection on all their pre-owned cars. They also offer hassle-free returns for added assurance.

CarWale: This established online platform allows both dealers and individual sellers to list their used cars. CarWale provides extensive search filters and detailed car descriptions.

CarDekho: Similar to CarWale, CarDekho offers a user-friendly platform for searching and comparing used cars from various sellers. They also have a used car valuation tool.

OLX: This classifieds website allows individuals to directly sell their used cars. While offering a wider variety, buyers need to be extra cautious and conduct thorough inspections before finalizing a deal.

Newspaper Classifieds: While less prominent now, traditional newspaper classifieds can still be a good option for finding specific used car models.

Maximizing Your Success:

Buying:

Research is Key: Start by researching the used car market and determining your budget, preferred make, model, and year.

Detailed Inspection: Regardless of the platform, always perform a thorough inspection of the car's condition, including the engine, bodywork, and interiors.

Test Drive: A test drive allows you to assess the car's drivability, handling, and overall performance.

Service History: Request service records to understand the car's maintenance history and potential red flags.

Selling:

Market Research: Research the current market value of your car to set a realistic asking price.

Detailed Listing: Create an informative listing with high-quality pictures highlighting the car's features and condition.

Be Responsive: Respond promptly to inquiries from potential buyers and be open to negotiations within reason.

Consider Trade-In: Dealerships often offer trade-in options, which can be a convenient way to sell your car while purchasing a new one.

Conclusion:

By utilizing the right resources and following these valuable tips, you can confidently navigate the pre-owned car market in Delhi, whether you're buying a reliable used vehicle or selling your current one. Remember, patience, thorough research, and a cautious approach will ensure a successful and secure transaction.

To know more about the "Best 9 Play Schools in Delhi", "Best Sale and Purchase Old Vehicles In Delhi", "Best 9 Sale and Purchase Old Vehicles In Delhi", "Best Security Services In Delhi", "Best 9 Security Services In Delhi". We recommend you to visit the ACL Marts. To see the Industries best rated and top businesses in the Delhi, Faridabad.

[madal3na-blog]

5 Must Have Lifestyle Apps for Android Phone

Phones Are Changing The Way We Interact With The World. Gone Are The Days When The Only Fascination About A Phone Was Its Inbuilt Torch Or Radio. In Today’s Time, Apps Have Become The New Way To Conduct Everyday Business. Be It Video Calling, Keeping A Track On Health, Shopping Or Ordering Food, As Long As We Have Our Smartphones With Us We’re Good To Go.

We Rarely Spend A Day In Which We Haven’t Made Of Our Smartphones To Carry Out Some Activity. They Have Become A Huge Part Of Our Lives. Here Are A Few Lifestyle Apps You Absolutely Must Download To Get The Best Of Lifestyle Apps.

FoodPanda

Instant Food At The Tip Of Your Fingers? This App Is Every Foodie’s Dream Come True As It Makes Sure Hot And Delicious Food Is Delivered To You No Matter Where You Are. Now You Can Order Your Favourite Cuisine Be It Chinese, Indian, Thai Or Fast Food From Joints Like McDonalds, Dominos And Many More To Make Sure You Are Never Far Away From The Food You Crave. They Have A Tie Up With All The Eating Joints In Your Locality And You Can Browse For The Food You Want Which Will Be Delivered To You. This Really Is The Dream!

FreeCharge

You Never Have To Worry About Running Out Of Recharge Or Internet Thanks To This App. FreeCharge Is Your One Stop Destination To Get Top Ups For Prepaid Recharge Or Payment Of Post-Paid Bill Payments. They Have A Tie Up With Major Retailers Like Airtel, Vodafone, Idea, Uninor And Many More To Make Sure You Are Always Connected To Services.

This Isn’t All. You Can Also Recharge Your DTH Services Through Them As They Are Tied Up With Videocon, Dish TV, Tata Sky And Many Others To Bring You Uninterrupted Entertainment.  You Can Also Get Your Data Card Recharged. This App Truly Is A Convenience.

Now Make Use Of Freecharge Coupons To Get The Added Benefit Of Cash Back Which Is Given Over And Above Discounts To Help You Save More.

Lakme Makeup Pro

This Is A Great Makeup App For Those Who Cannot Resist Make Up And Want To Try All The New Looks Sported By Models And Actors. This Great App Brings To You The Experience To Try On Makeup Virtually On Your Face So You Can Check Out Over 100 Cosmetic Shades In Real Time And Try More Than 75 Styles. You Can Get Looks That Are Recommended By Experts And You Can Save Your Favourite Looks. You Can Also Buy The Lakme Products Using The App.

Tinder

This App Brings Some Fun Into Your Life Letting You Connect With People In An Innovative Way. With A Database Of Over 6 Billion People, You Just Need To Swipe Through The Profiles To Register Your Preference. If The Person You Like, Likes You Back You Two Are A Match And You Can Hook Up For A Nice Date. You Can Find People Who Are Near You Using Your GPS And Can Discover People You Never Knew Could Be A Match For You.

Now Use Great Paytm Coupons To Get Amazing Deals And Discounts On Fashion Accessories And Clothes To Look Your Best On Your Date And You Never Know Who You Might Meet. You Will Also Save Extra Money By The Bonus Of Cash Back And Discounts Through CashKaro.Com.

CarWale

This Is A Great App That Helps You Find Cars, Buyers And Sellers And Find Great Deals. You Get To Know About The On Road Prices Of Your Favourite Car Model And Also Gives You Access To Expert Reviews From Over Six Thousand Users. There Are Over 25,000 Cars Listed For Sale And You Can Find The Car Of Your Dreams Thanks To This App And Get The Right Valuation For Your Car As Well.

These Lifestyle Android Apps Really Have Gone A Long Way In Bringing A Major Change In Our Lives And Helping Us Live In An Efficient And Easy Life Style And It’s Hard To Imagine Having To Live Life Without The Presence Of Our Beloved Smartphones.

[myautowallpaper]

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[wealthzi]

Nuvoco Vistas and CarTrade Tech IPOs open today; should you subscribe?

The IPO mania continues on Dalal Street. Opening for subscription on August 9 are IPOs of Nuvoco Vistas and CarTrade Tech. The companies will be together mopping up ₹8,000 crore as IPO frenzy reaches fever pitch. Here are all the key details you wanted about the IPOs, business, fundamentals and valuations. Read on.

1. Nuvoco Vistas IPO

Part of Nirma Group, Nuvoco Vistas Corporation Ltd (NVCL) is the fifth largest cement manufacturer in terms of installed capacity. The company is in the industry for 7 years and has been growing inorganically.

The IPO comprises a 23 per cent stake sale by the promoter entity (Niyogi Enterprises), amounting to ₹3,500 crore and a fresh issue for ₹1,500 crore to pare debt.

At a price band of ₹560-570, the company is valued at an EV/EBITDA of about 18 times (FY21). UltraTech Cement and Shree Cements trade at a premium valuation of 20-25 times EV/EBITDA. Other listed peers such as ACC, Ambuja and Dalmia Bharat trade at about 13 times EV/EBITDA.

Nuvoco has a concentrated presence in East, thanks to the recently acquired plants of Emami Cement. Going ahead, the company expects its EBITDA levels to rise by achieving operational efficiencies from its recent acquisitions. The company has debt outstanding of ₹6,885 crore, of which ₹1,500 crore will be repaid post the IPO. Besides, the company has planned capex outlay of about ₹550 crore up to FY23.

The minimum IPO application lot for Nuvoco is 26 shares, which mean investment of ₹ 14,820. Nuvoco IPO closes on August 11 and the shares are expected to get listed on August 23.

What brokers say about Nuvoco Vistas IPO * Canara Bank Securities – “The company utilises 50% of its power requirement through its captive power generation which lead company to derive operating efficiency. The company’s D/E stood at 0.83x in FY2021 and post issue, D/E would stand at ~0.63x. The company would trade at EV/EBITDA of 16.87x for FY21 which is attractive as compared to its peer competitors. We recommend ‘SUBSCRIBE’ for listing and long term gains.”

* IDBI Capital – “NVCL has plan of organic expansion in east of 2.7mtpa (12% addition) over FY22E and FY23E. We understand NVCL IPO at upper band is priced at 10x FY23E EV/EBITDA or EV/t of USD131. Valuation is at discount to its large cap peers at 12x-19x FY23E EV/EBITDA. Discount partially factors high debt in its books (FY21 Net Debt / EBITDA of 4.5x) and low ROCE. But given up-cycle in the cement industry and expectation of improvement in margin and balance sheet deleveraging over FY21-23E we recommend SUBSCRIBE.”

2. CarTrade Tech IPO

CarTrade Tech (CTT) is an asset light tech company operating as market place for automotive sales. The company is diversely held and has no promoter. Its IPO consists entirely of a secondary offer of sale by existing shareholders of around ₹3,000 crore, will value the company at a market cap of around ₹7,400 crore.

The IPO values the company at a price to revenue (trailing) of around 30 times and EV/ revenue of around 27 times. However, the revenue considered here includes 100 per cent revenue of a subsidiary (Shriram Automall) in which the company has only 55 per cent economic interest.

The company derives revenues from the three main segments. One, the Shriram Automall platform where it makes commission and fees for sale of used cars in its platform (57 per cent of FY21 revenue). Two, online advertising and lead generation solutions on its branded online platforms such as CarWale, BikeWale, Cartrade etc. Three, inspection and valuation services for banks and other financial institutions, insurance companies and OEMs. The company has a strong balance sheet with net cash of around ₹650 crore as of March 31, 2021.

The IPO closes on August 11. Shares are expected to get listed on August 23. IPO application minimum lot is 9 shares, which involve amount of ₹14,562.

What brokers say about CarTrade issue * Anand Rathi – “CarTrade Tech Ltd has a unique business model with no listed peers in the market. Covid-19 has impacted its FY21 financials. At the upper end of the IPO price band, it is offered at 4.4x P/BV and 29.6x EV/Sales and 73.4x P/E if we exclude accounting adjustments for deferred tax and attribute it on equity, then the asking price is at a P/E of around 199.26x to its FY21 earnings with a market cap of Rs 7,416 crore which shows the issue is priced exorbitantly. However, considering the future prospect of the company and it is also placed at a sweet spot as the first mover advantage we assign “Subscribe” Rating to this IPO investors can invest in this company with medium to long term perspective.”

* ICICIdirect – “CTT offers a unique play on rising digitisation of new and pre-owned vehicle transaction value chain/ecosystem. Given the prevailing preference for digital platforms including the recent listings, we assign SUBSCRIBE rating to the issue for listing gains. Long term wealth generation at CTT will be a function of scalability, relevance and journey towards healthier return ratios.

[un-enfant-immature]

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance.

Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. No valuation was disclosed, but a report from Economic Times one month ago suggested that the round would value the company in the $400-$500 million range. That’s up slightly on a $360 million valuation from CarDekho’s previous fundraising in 2016.

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

Founded in 2005 as GirnarSoft, CarDekho operates a range of online portals that sell new and second-hand cars and motorbikes in India. The company has also branched out into Southeast Asia where it operates portals in Malaysia, Philippines and Indonesia and, on the content side, it operates a YouTube channel and an auto blog and reviews site. CarDekho claims 39 million monthly unique visitors to its websites, and six million downloads of its apps, but it is not sharing revenue details.

CarDekho claims to work “actively” with 5,000 dealerships in India while it has direct retail partnerships with eight car and motorbike makers. It claims to influence 42 percent of sales for those dealerships and 15-30 percent of annual sales for those auto- and bike makers, although the company didn’t provide specific details on how it calculates those figures.

Beyond helping facilitate sales, it also offers car financing in partnership with over 10 financial entities who offer terms to its customers. It has provided insurance options too since 2017 and, with this new funding in the bag, it said that it intends to double down and build out more “transaction services” that go hand-in-hand with auto sales.

“Our contribution to a person buying a new car has grown manifold and this will continue to be a bulwark for us. Our used cars engine has scaled up tremendously and has also enabled us to incubate allied businesses like insurance and finance business as they are one of the largest opportunities ahead of us. The opportunity lies in extending formal credit and insurance coverage to the new-to-formal economy population and will continue to be a focus area for us” said CEO and co-founder Amit Jain in a statement.

CarDheko is rivaled by the likes of CarTrade, which is backed Temasek and Warburg Pincus and previous gobbled up rival CarWale, Truebil and Cars24, a service that buys cars from consumers and resells them to dealers. Notably, Sequoia India is also an investor in Cars24.

[williamsjoan]

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance.

Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners.

[Update] The company confirmed that the deals gives it a valuation of $400-$500 million, that’s in line with a report from Economic Times one month ago. The figure is up slightly on a reported $360 million valuation from CarDekho’s previous fundraising in 2016.

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

Founded in 2005 as GirnarSoft, CarDekho operates a range of online portals that sell new and second-hand cars and motorbikes in India. The company has also branched out into Southeast Asia where it operates portals in Malaysia, Philippines and Indonesia and, on the content side, it operates a YouTube channel and an auto blog and reviews site.

CarDekho claims 39 million monthly unique visitors to its websites, and six million downloads of its apps. On the finance side, it said revenue went from 114 crores ($16.3 million) in the 2016-2017 financial year to 160 crore ($22.8 million) in 2017-18. (The Indian financial calendar runs from April 1 to March 31.)

CarDekho claims to work “actively” with 5,000 dealerships in India while it has direct retail partnerships with eight car and motorbike makers. It claims to influence 42 percent of sales for those dealerships and 15-30 percent of annual sales for those auto- and bike makers, although the company didn’t provide specific details on how it calculates those figures.

Beyond helping facilitate sales, it also offers car financing in partnership with over 10 financial entities who offer terms to its customers. It has provided insurance options too since 2017 and, with this new funding in the bag, it said that it intends to double down and build out more “transaction services” that go hand-in-hand with auto sales.

“Our contribution to a person buying a new car has grown manifold and this will continue to be a bulwark for us. Our used cars engine has scaled up tremendously and has also enabled us to incubate allied businesses like insurance and finance business as they are one of the largest opportunities ahead of us. The opportunity lies in extending formal credit and insurance coverage to the new-to-formal economy population and will continue to be a focus area for us” said CEO and co-founder Amit Jain in a statement.

CarDheko is rivaled by the likes of CarTrade, which is backed Temasek and Warburg Pincus and previous gobbled up rival CarWale, Truebil and Cars24, a service that buys cars from consumers and resells them to dealers. Notably, Sequoia India is also an investor in Cars24.

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services published first on https://timloewe.tumblr.com/

[theinvinciblenoob]

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance.

Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners.

[Update] The company confirmed that the deals gives it a valuation of $400-$500 million, that’s in line with a report from Economic Times one month ago. The figure is up slightly on a reported $360 million valuation from CarDekho’s previous fundraising in 2016.

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

Founded in 2005 as GirnarSoft, CarDekho operates a range of online portals that sell new and second-hand cars and motorbikes in India. The company has also branched out into Southeast Asia where it operates portals in Malaysia, Philippines and Indonesia and, on the content side, it operates a YouTube channel and an auto blog and reviews site.

CarDekho claims 39 million monthly unique visitors to its websites, and six million downloads of its apps. On the finance side, it said revenue went from 114 crores ($16.3 million) in the 2016-2017 financial year to 160 crore ($22.8 million) in 2017-18. (The Indian financial calendar runs from April 1 to March 31.)

CarDekho claims to work “actively” with 5,000 dealerships in India while it has direct retail partnerships with eight car and motorbike makers. It claims to influence 42 percent of sales for those dealerships and 15-30 percent of annual sales for those auto- and bike makers, although the company didn’t provide specific details on how it calculates those figures.

Beyond helping facilitate sales, it also offers car financing in partnership with over 10 financial entities who offer terms to its customers. It has provided insurance options too since 2017 and, with this new funding in the bag, it said that it intends to double down and build out more “transaction services” that go hand-in-hand with auto sales.

“Our contribution to a person buying a new car has grown manifold and this will continue to be a bulwark for us. Our used cars engine has scaled up tremendously and has also enabled us to incubate allied businesses like insurance and finance business as they are one of the largest opportunities ahead of us. The opportunity lies in extending formal credit and insurance coverage to the new-to-formal economy population and will continue to be a focus area for us” said CEO and co-founder Amit Jain in a statement.

CarDheko is rivaled by the likes of CarTrade, which is backed Temasek and Warburg Pincus and previous gobbled up rival CarWale, Truebil and Cars24, a service that buys cars from consumers and resells them to dealers. Notably, Sequoia India is also an investor in Cars24.

via TechCrunch

[fmservers]

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance.

Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. No valuation was disclosed, but a report from Economic Times one month ago suggested that the round would value the company in the $400-$500 million range. That’s up slightly on a $360 million valuation from CarDekho’s previous fundraising in 2016.

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

Founded in 2005 as GirnarSoft, CarDekho operates a range of online portals that sell new and second-hand cars and motorbikes in India. The company has also branched out into Southeast Asia where it operates portals in Malaysia, Philippines and Indonesia and, on the content side, it operates a YouTube channel and an auto blog and reviews site. CarDekho claims 39 million monthly unique visitors to its websites, and six million downloads of its apps, but it is not sharing revenue details.

CarDekho claims to work “actively” with 5,000 dealerships in India while it has direct retail partnerships with eight car and motorbike makers. It claims to influence 42 percent of sales for those dealerships and 15-30 percent of annual sales for those auto- and bike makers, although the company didn’t provide specific details on how it calculates those figures.

Beyond helping facilitate sales, it also offers car financing in partnership with over 10 financial entities who offer terms to its customers. It has provided insurance options too since 2017 and, with this new funding in the bag, it said that it intends to double down and build out more “transaction services” that go hand-in-hand with auto sales.

“Our contribution to a person buying a new car has grown manifold and this will continue to be a bulwark for us. Our used cars engine has scaled up tremendously and has also enabled us to incubate allied businesses like insurance and finance business as they are one of the largest opportunities ahead of us. The opportunity lies in extending formal credit and insurance coverage to the new-to-formal economy population and will continue to be a focus area for us” said CEO and co-founder Amit Jain in a statement.

CarDheko is rivaled by the likes of CarTrade, which is backed Temasek and Warburg Pincus and previous gobbled up rival CarWale, Truebil and Cars24, a service that buys cars from consumers and resells them to dealers. Notably, Sequoia India is also an investor in Cars24.

Via Jon Russell https://techcrunch.com