People often opt for used cars for various reasons, whether for practice before getting a new one or due to financial constraints. Regardless, the sentiment attached to the vehicle often remains significant. With reputable car makers entering the used-car market, the organized used-car market in India is thriving, offering numerous options. However, caution and attention are essential when exploring these choices. Here’s a guide on what to consider before purchasing a used car in India.
- Thorough Inspection:
When buying a used car, a detailed inspection becomes crucial. If you are well-versed in the technical aspects, you can inspect the car yourself or seek assistance from a reliable mechanic. Even if the exterior seems fine, a mechanic can reveal hidden issues in the engine or other parts.
- Interior Examination: Check the upholstery, seats, and electronic devices. Ensure everything, including the music system, is functional.
- Exterior Inspection: Scrutinize the car for paint damage and rust from all angles.
- Frame and Undercarriage: Examine the framing for even positioning and check for any loose parts.
- Tires: Assess tire wear for consistency; uneven wear may indicate alignment problems.
- Engine Inspection: Perform a thorough inspection, checking tubes for cracks, corrosion, and leaks. Examine gearbox fluid and oil using a dipstick.
- Mileage: Investigate the mileage, as significant issues may arise if it doesn’t match the car’s age.
- Test Drive: Take the car for a comprehensive test drive, assessing performance, acceleration, suspension, brakes, and manoeuvrability.
- Maintenance Records:
Discuss the vehicle’s maintenance history with the seller. Some owners keep detailed records, while others may provide a verbal history. Well-maintained records can guide your future servicing needs.
- Registration Certificate:
Ensure the car’s registration certificate is legitimate, including accurate details like engine and chassis numbers. Verify if any changes, such as colour or engine displacement, are reflected in the certificate.
- Car Insurance:
Transfer the previous four-wheeler insurance policy to the new owner’s name. Confirm the coverage type, whether comprehensive or third-party liability. Verify the scope of coverage and consider relevant add-ons during four-wheeler insurance renewal. Claims are subject to terms and conditions set forth under the motor insurance policy.
- No Claim Bonus (NCB) Transfer:
Understand the NCB benefits, which can be transferred from an owner’s previous vehicle to a new one. However, it cannot be transferred between a seller and a buyer. *
Deep Dive: Considerations for a Wise Purchase:
- Vehicle Age: Cars may face increased maintenance costs and repairs after five years. Consider the long-term availability of replacement parts.
- Finance: Plan for the overall expense, including potential repairs or customization. Carefully evaluate loans, interest rates, and the used car’s exchange value.
Buying a used car in India demands thorough scrutiny. From inspecting the vehicle’s condition to evaluating maintenance records and transferring four-wheeler insurance, each step is crucial. One can easily get online car insurance in India in a hassle-free manner. Understanding the vehicle’s age, managing finances effectively, and considering long-term implications ensure a wise purchase. A comprehensive approach helps make an informed decision in India’s thriving market of used cars.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.