Even though the automobile sector has experienced sluggish growth over the past few years, the market for second hand cars in India has attracted a lot of customers. Many prefer buying such cars to get good value for money. However, without proper guidance, buying a pre-owned car can bring its fair share of troubles. Buying a car on an ‘as-is’ basis is never recommended. Therefore, the buyers need to be mindful of checking certain things in order to clinch the best deal.
What you should look for when buying a second hand cars
Inspect the engine
Checking the engine of your second hand car is a critical step. It gives you an idea about the wear and tear of the car. Don’t just rely on your own observation. Make sure that you get a mechanic to thoroughly evaluate the engine. Always check price of used cars at Used Car Valuation.
Ask for the Registration Certificate
The Registration Certificate contains the DNA of the car. It has all the necessary details of the car including the VIN number, engine number, and chassis number. You should check if all the details from the Registration Certificate match the car.
Take your car for a test drive
The best way to detect any hidden problems with a second hand car is to take it for a test drive. Keep an eye out for any noises from the engine, suspension brakes, and gears.
Check the battery
Most buyers forget to check the condition of the battery and acid levels. It is a great indicator of the general health of your second hand car.
Tires are also important
Look for wear and tear as well as the alignment of the tires. If you suspect that the tires will need replacement, you can use that to leverage a better price.
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Ask about the no-dues certificate from banks
If the present owner of the car had taken a car loan to finance the purchase of the vehicle, make sure that the bank has provided a certificate no dues pending. This is vital to secure a proper title to the vehicle.
Enquire about the car insurance policy
The policy should be valid as on date and the renewal should not be due for at least 3 weeks. You should have sufficient time to complete the formalities for the transfer of ownership and reflect the same in the Registration Certificate.
Don’t miss these important forms
Buying a second hand cars in India requires extensive documentation. As a buyer, you need to submit copies of Form 29 and Form 30 to the RTO. These forms have to be signed by the seller and are required for registering the transfer of ownership.
Make an offer only when you are completely satisfied with your inspection. Buying a car is a long term investment and also involves a significant financial commitment. If you are uncertain about anything, don’t hesitate to ask questions to the seller. If you do not find the answers satisfactory, don’t hesitate to call off the transaction.