Auto companies have already started reducing prices on new cars ahead of the new GST rate implementation. Alongside the expected price drops for new vehicles starting September 22nd, Spinny, a prominent platform for used car transactions, has revealed adjustments to its car prices. This move precedes any direct impact from the GST changes, potentially offering advantages to individuals looking to buy second-hand cars through the platform.
Spinny facilitates the buying and selling of used vehicles. The critical point is that there is no change in the GST rate of 18% on used cars. However, Spinny is making changes to the prices to adjust for the overall market changes. Spinny’s adjustments will allow buyers to get up to ₹2 lakh discount and sellers to get up to ₹20,000 benefit per car.