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Used Car Buying

Owning a four wheeler have become necessityRatify  the  value  of  the vehicle
in today's motorized world. Every one
cannot opt for a new car but can always ownIt is not necessary that everyone is well
'Used car' it is also an added advantage ifversed with knowledge about cars. May be
you have just learnt driving. In this way youtoa certain extent but to know a in and out
can refine your driving as well as build upof a used car, a professional opinion is
enough confidence to before investing amust.
substantial amount on new car. There are
certain fundamentals that have to be followedIt is always better to consult a mechanic or
before buying a car. Especially if it is aget it rated in authorized service center and
used car you have to be careful and wellif you are dealing with a private party then
acquainted  before  investing. To start with:be always on guard as vehicle sold to you
could be stolen. You can also contact the
Budget and selection of a car: (pricing,dealers to know about the warranty features
brand,  model)…and  also  about the resale value of the car.
Before buying a car one should always have aExterior  Check
rough estimate about spending plan. This way
you can select the cars that falls in yourCheck for the overall condition of the car
budget and then compare it with other cars oflike dents, nick, scratch, repaint, working
same  class..condition of light, tail lamps, indicator,
wiper (flick all the switches and check if
Next thing you have to keep in your mind iseverything working properly ). Also check the
'what kind of car do I want to buy? Or withtyres in terms of wear and tear, (if you
which manufactures should I go?' Decide ondon't get a good radial tyre, then try to
buying cars depending on your requirement andreduce the prize further ) oil tank for its
in  this  way  selection becomes much easier.leakage. It is also very important to check
the undercarriage of the car. Check for the
Look  for  hidden  pointsshock absorbers, lean hard on the corner of
the car and release and if the car is rocking
History: (antecedents, accidents, insurance,up  and  down  then  it  may  need replacing.
and  depreciation)…
Interior  check
Inspect the chassis of the car thoroughly;
the body line will give an idea whether theGo through the warning indicator lights,
car was involved in a accident. You can checkspeedometer, the fuel gauge and the other
any sign of repainting, similar color bodygauge work properly, also check for the glove
parts etc…. the insurance formalitiesbox lock is intact. Coming to the seating,
like regular premiums are paid, policy islook if the headrest, adjustable seats, door
revised  etc…handles, window knobs, interior lights, seat
belts.
Ownership: (antecedents: single owner
multiple  owner)Also check for the air-conditioning, ensure
that all the A/C switches are working and the
It is very important to enquire about itsproper air flows through all the provided
ownership as its been owned by a single orvents. Look for any squeaky noise while
multiple owner and if it is multiple , thereopening any window or door. Also ensure that
will value depreciation depending upon itsthe locking system is perfect. The last thing
condition.people look for is the tool kit, but one
should make sure all the tools present in the
When inspecting a car always check forkit. Look  for  the
mechanical and technical problems. As it's a
pre-owned car, proper overall review isOnce the all the interior and exterior
necessary. Start with its engine: that itfactors are analyzed, now it's the time to
should idle smoothly with out anytake the car for a ride in a literal meaning.
sputtering and also accelerate with out any
hesitation.Test  drive
Wheel alignment plays a very vital role,One cannot just have a overall look and then
uneven wear and tear of tyres-balding on thedecide on buying a car. It is very important
sides or in the middle-indicate poorto take a test derive so that one will have a
alignment. Check for battery condition, heatclear picture about the car. It is better to
up the engine to check the air-conditionertake a longer stretch so that the engine is
efficiency also check with the deforestation,heated up. Once the car is warmed up check if
defogger fan, heater…every singlethere is any kind of noise or vibration or
detail that will give value for your buy.even any kind of odor and any kind of unusual
Another important thing that has to be keptsound or vibration will be an invitation for
in mind before buying a car is with itsa major trouble. Check if the steering wheel
titles and credentials. Ensure that all theis perfect, there should not be any kind of
paper works are in order, because sometimesvibration. Test the pressure with the hand
it is possible that you may be buying abreaks as well as with the pedal brakes.
stolen car. Checklists of the importantDrive it on a empty long stretch with a 30kph
documents  are  as  follows:and apply hard brakes, the car should come
to a stop with in no time with out any
• RC Book (Registration bookpressure or vibration. The pedals should be
certificate)- Also known as Blue book issmooth and applying brakes should not with
issued by the RTO (certain offices of somemuch  effort.
state does not provide the document in the
form of booklet rather it will be a singleFinance  factor
document -Form 21') the where it reveals the
date and address of registration and theWork at your payment mode before your
record of the owners vehicle, the engineventure forth, avoid credit card payment
number, chassis number (the engine and thethrough because of high interest rates. And
chassis numbers has to be verified with thatif you are looking for finance, It is always
shown in the book). An entry in the book alsobetter to avoid the third party concept in
acknowledges how many times the vehicle hasany kind of financing, always go for the
been sold, the details of the previous of thedirect finance as it will save your time as
previous owner (name and address). The statewell as money. Opt for easy-payable EMI with
registration should be verified, as it has tozero interest option(now there are leading
be registered with the same state where youbanks that provide affordable and easily
intend to use your car otherwise you have torepayable 'used  car  loans'.
get it transferred it which is again a
cumbersome process with lots of formalitiesClinch  the  deal
and  time  consuming.
So now as you are well versed and clear with
• Tax certificate/book - This documentall the technical, mechanical as well as
contains details about tax paid. The RTO taxlegal details, keep in mind certain important
is a lifetime tax that has to pay by thepoints  before  finalizing  the  deal.
owner (some state collect life time tax and
some have annual tax payment) and if the? Ensure that all the terms and conditions of
papers are not clear, you will have to bearthe deal are obtained in writing: This will
all the unpaid taxes. Another tax thatgive a clear picture to both the parties
people often forget or ignore it is the roadinvolved in a deal (previous as well as the
tax, so ensure that all the papers are clearcurrent owner). There will be no space for
before  finalizing  your  deal.confusion  to  arise.
• Insurance - Another vital document? Negotiate for a better prize: As it is
which is mandatory for any transfer by RTO.buyers market you can always have your say in
Premiums are paid on regular basis and it isterms of bargaining. Before you go for your
always better to check the due date and alsocar shopping, ensure that your are aware with
ensure that the insurance papers arethe value of the car you're buying and the
transferred in your name before your buy.value of trade in. The seller should get the
Though any of these insurance papers cannotidea that you are also aware of the car
give you a clear picture about the vehiclemarkets; you should be always ready for the
involved in any accidents but still it's abargain-battle.
assurance  towards  the 'safety  of the car'
? Know that a well stocked dealer will cut a
• Invoice - Demand for the originalbetter  deal
invoice as every owners keep original invoice
given to them by the car dealers/showrooms.Last but not the least and the most important
The invoice encloses all the car detailsfactor that has t be taken care after
(purchase date, year, chassis and enginefinalizing  the  deal  is  :
number) which give an idea about its original
prize. The invoice also gives the informationTransferring  Ownership
if  the  car  is  financed  or  not.
With the sale of the care, the ownership also
• NOC (no objection certificate)- Ifchanges. The original owner (Transferor), who
the car is purchased on finance, ask for itsis selling the car should inform the RTO with
documents from the finance company statingwhom the car was registered with in 14 days
all the dues are paid and the company have nowith a letter of information about the new
claim  on  the  vehicle  any  more.owner (Transferee) and incase the new owner
falls into the jurisdiction of another RTO,
Form 35- you must have a copy of this dulythen the Transferor has to inform the this
signed  by  the  financer.RTO with the similar letter and receiving an
acknowledgment of receipt of the letter from
• PUC certificate (pollution underthe RTO, the transferor is indemnified of
control)- every car needs a PUC certificateall legal, tax, traffic, criminal and other
and it is valid up to one year for every newliabilities pertaining to the car. The
car and has to be obtained in every sixseller must also take a delivery note
months.signed by a buyer. And if the car has being
transferred is in another state, then the
Always do your homework before buying yourtransferor has to get a NOC(no objection
car in terms of researching. Search forcertificate, form 28') from his RTO and
online information about the car your lookingforward to the RTO in whose jurisdiction the
for, go for its technical and mechanicalnew owner stays. NOC is accompanied by
details and check for its resale value. Inanother set of documents required to
this computer world we can get anytransferring  ownership  as  follows:
information from anyone and from anywhere.
Use online quotes that will be a great help,• Form "TCA" - Intimation of transfer
compare cars as well as look for best dealsby  Transferee  (buyer)
with different dealers. Do a thorough study
about your car before buying rather than• Form "TCR" - Intimation of transfer
going for the first car you came across.by  Transferor  (seller)
Instead of hurrying, take your time, look as
many as cars you can and have an eye for• Form No.29 - Notice of transfer of
detailing and then decide for the 'right car'ownership  of  vehicle.
you want to own. Once you feel your research
is complete and now you are ready to look out• Form No.30 - Report of transfer of
for  your  car,  comes  the  next  step.ownership of vehicle.



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