By Chandeep Arora:
A second hand car is always a good option if you are a rookie and have just learnt driving. In this way you can test your hand and gain confidence before trying on a new car. Also, less capital investment and affordance of luxury models in reasonable price makes used car a fastidious preference. Albeit useful, second hand cars have a few downsides too. Old cars may require replacement of tyres, batteries and some worn out parts. They are less reliable and frequent breakdowns may occur. There are 10 most important things you should keep in mind while buying a used car:
1) Decide your budget: It is always better to have a rough idea of the amount you can afford on the used car. This way you can avoid overshooting of your finances and choose better. Keep in mind the insurance and other costs while deciding on the funds.
2) Choosing the apt model: Once your budget has been fixed, the next step comes to finding the right car. Internet is available with a wide range of information and is a good source to rummage around on automobiles and their specifications. If you have the specifications in mind, it’ll help you in narrowing down your search and thereby choosing the right one. Always possibly look for used cars that are comparatively newer. We recommend looking at carwale.com.
3) Dealing options: You can either buy the automobile from an individual, a dealer or also from the internet which has in recent times turned out to be a good option for trading old cars. The web offers fine offers and discounts. If you opt for buying from an individual ask him why he/she wishes to sell the car, how the car was used and finally get permission for getting it checked from a mechanic. Proceed only if you the right options otherwise find a different seller.
4) Certified Pre-Owned Vehicles: When buying used cars it is advisable to opt for certified pre-owned vehicles. These kinds of automotives give similar benefits just like new cars besides saving significant amount of money. While purchasing certified pre-owned vehicles, you not only get the additional extended warranty plus any remaining original manufacturer warranty.
5) Inspect the car: An individual may allow you to get the car checked from a mechanic but a dealer may not be that interested. In those cases don’t refrain from checking the car on your own. Just keep the following points in mind while inspecting the car.
6) Take a test drive: This forms the most important part of buying the vehicle. This would give you a feel of the car and help you arrive at the decision if the car is fit for you or not. Test driving should be preferably done on different road conditions and should be for at least 4 to 5 km. While driving just check for the condition of clutches and brakes.Â Also, verify whether the speedometer as well as the mileage recorder is working properly. If the steering is vibrating it could indicate that something is seriously wrong with the engine.
7) Ensure the paper work: It may be possible that you are lured into buying a stolen auto by a tempting price. This makes it important to ensure the paperwork is done properly before finalizing the deal. The checklist for paperwork is :
8) Car loans: If you are buying an expensive model, car loans may be a good option. Nowadays lots of banks offer car loans with low rate of interest. The car loan has an eligibility criterion which must be fulfilled by the owner. Besides, keep a check on the documents required for issuing of the loan. Be sure that you do all of the research necessary in order to not sell yourself short when getting a car loan and buying a car.
9) Transferring ownership:Â With the sale of the car the ownership is also changed. The original owner (Transferor) 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.
10) Bargaining: Try to negotiate the price according to the condition of the car. If the vehicle requires some immediate repairs, reduce the price consequently. Ask a friend or relative to help if you are not comfortable negotiating alone.
There are various websites which specifically deal with buying and selling of cars. As, they are in this business full time, they know what the customer wants. Ergo, it’s not a bad option to consult the web for information. Now, that you got all the information in your bag, get that dream car of yours and drive on!
Image courtesy: http://www.co2.ie/blog/?p=95
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