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Tata Capital > Blog > Loan for Vehicle > Has buying your Personal Car become a Part of COVID safety in 2020?

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Has buying your Personal Car become a Part of COVID safety in 2020?

Has buying your Personal Car become a Part of COVID safety in 2020?

COVID-19 has well outstayed its welcome if it was even welcomed in the first place. Though the country is slowly opening up after a 5-month long lockdown, the danger of the virus persists. So, with more and more people getting out of the house due to the easing of lockdown restrictions, personal safety has become essential for a lot of Indians. As a result, there is a significant increase in the number of people looking to buy a personal car.

Why personal cars?

The surge in people looking to own a personal car is apparent, given the importance of social distancing, and how unsafe means of public transport like trains and buses have become. The surge is also reflected in many surveys conducted by various organizations.

For instance, according to a survey conducted by Ipsos, during the lockdown, there has been at least a 40% rise in people intending to buy a new or used car after the lockdown.

According to another survey conducted by Yulu, a micro-mobility service provider, there has been a staggering 20% increase in respondents opting for a personal vehicle during the lockdown, with the preference for public transport dropping by almost 25%.

New cars or used cars?

Of all the people opting for a personal vehicle, most of them prefer a used one instead of a new one. This discrepancy can be traced back to how financially unkind the pandemic was. Given the unstable financial conditions, buying a new car can be risky, since not only it is highly-priced, but a new car also requires a lot of maintenance, not to mention the exorbitant insurance costs.

Given the shortcomings of a new car, a used car is a preferable option. So if you’re running short of funds, opting for a used car loan can help you bridge that financial gap.

Additional Read: Expert Advice on Pros and Cons of Buying New vs. Used cars

Is a personal car safe enough?

Although personal cars provide a bubble of protection against the virus, cleanliness of the car has to maintained, lest the car becomes a virus carrier itself.  Proper cleaning of surfaces that you may frequently come in contact with, like steering wheel, door handles, or gear stick is necessary to curb any possibility of transmission, no pun intended.

Here are some handy tips you could employ to virus-proof your car:

  • Properly ventilate the car
  • Store items like masks, disinfectant wipes, hand sanitizers, and other protective equipment in the car
  • Thoroughly sanitize your hands before entering the car, especially if you’ve been to a public place
  • If travelling with someone suspected to be a COVID- 19 patient, thoroughly ventilate the car and sanitize the areas the patient might have touched.
  • If travelling with a confirmed COVID-19 patient, disinfect the car extensively and quarantine yourself and any other passengers for 14 days.

Additional Read: Make Your Life Easy with a Used Car Loan

Looking to buy a used car as a COVID safety measure? Apply for used car loans Tata capital today and avail benefits like competitive used car interest rates and flexible tenure.

Also, you can check your used car loan eligibility before applying for the loan.

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