Cars

Used Car Buying Guide







It is always better to go for a used car if you are a greenhorn and have just learnt driving. This way you can refine your driving skills and gain the necessary confidence before investing a substantial amount on new car.

Some of the reasons, which have made used car market, a big attraction are:
But buying a used car has a few downsides too. Used cars have higher maintenance cost as compared to new cars. You may have to go for replacement of old tyres, battery, clutch plate etc. Used cars have low reliability and they are susceptible to frequent breakdowns. New cars tend to have advanced and more safety features as compared to old cars.

Now that you have decided to buy a used car just follow these simple tips to get the best bargain.

Decide your budget

It is always better to have a rough idea of the amount that you can afford to spend on buying the car before starting the car buying process. This way you can avoid overshooting your budget. While deciding about the budget also account for the insurance and other running costs.

Finding the right car

Unlike buying a new car you can't be fastidious while buying a used car. You have to be flexible. If you're set on one model, in a specific color, with a certain mileage or specification you may find it hard to get a bargain as you're focusing on a narrow market. If you're prepared to consider something similar to what you want, you'll find a much wider choice available and it becomes easier to negotiate.

Communicate with the seller

You can buy the used car either from a dealer or from an individual. While buying the car from an individual enquire why he/she is selling the car, how the car was used (single hand, daily commuting etc.), and finally ask for permission to get the car inspected by a car mechanic. If you get the right answers only then proceed further otherwise look for some other seller.

Thoroughly inspect the car

While an individual seller may permit you to get the car inspected by a mechanic, a dealer may not be so obliging. Don't let this stop you from doing some inspection on your own.

Keep following things in mind while inspecting the car.

Take a test drive

A test drive will give you the feel of the car and help you arrive at the decision whether the car is fit for you or not.

Look out for following things while taking a test drive:

Ensure that the paperwork is in order

It is very important to ensure that the paperwork of the vehicle is in order before finalizing the deal. It is quite possible that you may be lured into buying a stolen vehicle by a tempting offer. The checklist for paperwork is as follows:
If you are planning to buy a used car that was bought on finance by the seller, remember to collect the following documents in addition to the above mentioned ones.

NOC (No Objection Certificate): NOC issued by the finance company. This document ensures that the finance company has no claim on the car anymore.

Form 35: You must keep a copy of this form duly signed by the financier.

Negotiating the price

While negotiating the price keep in mind the condition of the cars. If the car requires some immediate repairs such as change of battery, replacement of tyres, wheel alignment, suspension etc then reduce the price of the car accordingly.

Transferring ownership

With the sale of the car the ownership is also changed. The original owner (Transferer) who is selling the car, must inform the RTO with which the car was registered about this transfer, by sending a letter with information about the new owner (Transferee) within a period of 14 days. In case the new owner falls in jurisdiction of another RTO, then the owner has to inform this RTO by sending a similar letter.

The following documents have to be submitted to the RTO to effect the transfer of ownership of the car: