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Buying A Used Car? Remember To Keep These 5 Things In Mind

Things to Keep in Mind Before Purchasing a Used Car - Mega Autos

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.

  1. 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.
  1. 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.

  1. 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.

  1. 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.

  1. 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.