Used Car Buying Tips. Know Buying Process Including Finding a Used Car, Assess Condition, Testing, Evaluating Documentation Checklist, Negotiating Price
Buying a Second Hand Car is not as easy as New Car. Where New Car is backed with Manufacturer Warranty, Trust, Flawless Condition and Free Services - A Used car does not necessarily hold in any of these factors. Though, Certified Cars (Maruti True Value / Toyota U Trust / Hyundai Advantage / Honda Auto Terrace / Mahindra First Choice and many more) are been available these days - backed with warranty and free servicing - still the Second Hand Car Market is much more than cars sold under Certified Scheme.
Step 1 - Identifying Used Car
Though, it may see hassle free to buy car from Used car Dealer or Broker. But, Second Hand Market does not gives you best buy - if you are buying it from Dealer/Broker or Agent. There is still high underlying of Odometer tampering, cosmetic changes and jacking up price by substantial amount. Even, if the dealer is genuine, he will still manage to keep his cut - on both buying or selling transaction - ultimately this is his bread and butter
Its best to contact direct seller - who can provide you History, Service Bills and documentation. You will get in a car at the right price with all documents from the Original Owner of the car
How to Identify Used Car from Direct Individuals ? Online Sites and Print Media Ads - You can keep exploring stock on sites like - Mycarhelpline, Olx, Quikr and other Auto Classified Sites. Also, can check in details through Print Media where a portion of advertisements is made from direct sellers. Check on Range of Cars which matches your Budget and Basic Criteria.
Step 2 - Evaluating Used Car
Unlike New Car, One need to see the car in person - and check and evaluate the condition and documents
Some Basic Checks Includes:-
Test Drive the car:- Observe the Pick-up. Observe how well the car can slow down by applying brakes. Test by changing Gear from 1st to 5th Gear. Do not miss to check Car on Reverse. Take to Turns, Corner it and observe for any sounds or Noise. Check on Ease of Steering Wheel
Check Shocker by driving on rough road too. Check on Clutch, there should not be any stiffness while changing gears too. Is the car stopping by applying brakes or is it too hard to stop etc.
Body Condition:- Check Body Paint - Is it Uniform across the body. A body paint patch can signify that car could be accidental too. Do not miss on to Check on Tyre condition - Are the Tyres Exhausted. Also, the Interiors - hows the Seat Upholstery, Door Handles. Can you open and close all 4 Doors with Ease
Car Features:- Is AC Working at all speeds, Is Blower Working. Is Music System working. Central Lock System, Power Window System, Lights working, Fog Lights, Horn etc - all needs to be checked up thoroughly
Its always better to take help of a Local Garage Mechanic before making a final choice by having Under Body Inspection too including Suspension check up, Engine Oil Level, Fuel Filter, Air Filter and other minor checkup - Do it only if the car suits and pricing also suits
Step 3 - Evaluating Documents
- Check documents - Used Car Documentation Checklist
- Check on Set of Original Keys (Any Car sold in India - comes with Pair of 2 Original Keys). Try on Checking both Keys - If the car open and ignition switch can turn on
- Check on Name of Owner as in RC, Matching Original Copy of ID Proof and Address Proof - if dealing with unknown individual
- Check on All Original Papers - RC, Insurance, PUC and Latest Service Bills
- Do Not Miss to Execute Sale Agreement documented for avoiding any claim
Step 4 - Negotiating Price
If everything suits Negotiate the Price
There is a famous saying by John F Kennedy - "Let us never negotiate out of fear. But let us never fear to negotiate". Negotiate a price for your used car. There is no fixed price in any second hand market across the world.
Step 5 - Executing Sale Transaction
Remember, all Verbatim talks are useless - if not backed by documentation. Do not miss to check and Verify all documents and execute sale Deed. Know Pre Hand
so that you can check on documents and feel confident of executing the used car transaction
Transfer Fees : Generally its the buyer responsibility for transferring the RC and Documents in his Name - either through self or agent. Still - you can make it clear this point, if dealt otherwise - wherein seller will bear the cost. If the car is sold in the same state - the official RC Transfer fees is quiet less. It will not take you more than Rs. 500 for RC Transfer Including New Smart Card Issuance - Brokers or Dealers - however have there own charges - can range in couple of thousands.