HOW TO BUY A USED CAR

An ever increasing demand for new cars makes an obvious surge in the market for old cars as well. Buying a used car is not the end of the world. In fact, sometimes it is the more logical option. Albeit, there are a few lowdowns of buying a used car of which mental satisfaction and chances of getting duped during the purchase, ace the list.

So the first thing to cross off your plan list when buying a car is – Homework. You need to plan ahead of time all the pre-requisites in your car of choice – what kind of model you want to buy, what is your budget regarding it, what are the features that you wish to incorporate in your dream car and also make sure you are well informed about the source of your second hand car. Deciding on the car model and the desired features probably comprise of the easiest decision. The effort and diligence comes your way when finalizing on the finance part of your plan.Since car purchasing can prove to be a rather emotional event, one may feel carried away and spend more than they plan to. Also the source of the used car should be a reliable one otherwise chances of the car breaking down after a few months of use becomes a common feature.

The next step in the process would include knowing the car history in a proper certified manner. Also to know about the complete accident history of the car of your purchase is very important. For that, contacting the seller’s regular service station or insurance company is the best way out. Also one should be well aware of the warranties on the car and getting to know about them helps one avail the warranty coverage if any.

It is important to know about the car model that one wishes to buy. Discontinued cars should not be bought and prior knowledge about discontinued cars rids one of opportunities to be duped by the seller.

The third step would be to check out the car of choice. Existing problems about the car of purchase can be discovered by checking it out properly. And after that one should verify a number of documents pertaining to the car such as –

·         RTO tax receipt

·         Car registration certificate

·         Insurance

·         Original invoice

·         Finance NOC

One should always remember that when purchasing, negotiations are always entertained and one can easily hassle to get the price he/she wants for the car.

Certain points to remember when purchasing a car –

·         Duplicate keys must be received with the car

·         Brokerage fees should be bargained upon

·         During delivery of the car, a delivery note must be present recording the exact time, date and odometer reading.

·         The car must be received completely services with complete replenishment of fluids with changed filters and belts (as necessary).

·         The insurance of the car should be transferred to the buyer’s name at the time of delivery.

·         Many unpopular cars that may prove to be quite reliable in the long run have high demand in the resale markets and these often become the centre of attention for potential used car buyers.