Prior to the implementation of the new GST rates, auto companies announced price cuts for new vehicles. While new cars are set to become cheaper from September 22nd, Spinny, a platform for selling used cars, has made a significant announcement regarding changes in car prices even before the GST changes. If you’re planning to buy a second-hand car from Spinny, you might now benefit from purchasing a used car.
For those unfamiliar with Spinny, it’s a platform where used cars are bought and sold. Notably, the GST (18%) rate on used cars has not changed. However, let’s understand how Spinny is offering you benefits. Spinny has announced price cuts on cars, offering buyers discounts of up to ₹2 lakh and sellers a benefit of up to ₹20,000 per car.