Used Car Buying

Owning a four wheeler have become necessity inthe 'right car' you want to own. Once you feel your
today's motorized world. Every one cannot opt for aresearch is complete and now you are ready to look
new car but can always own 'Used car' it is also anout for your car, comes the next step.
added advantage if you have just learnt driving. InRatify the value of the vehicle
this way you can refine your driving as well as buildIt is not necessary that everyone is well versed with
up enough confidence to before investing aknowledge about cars. May be toa certain extent but
substantial amount on new car. There are certainto know a in and out of a used car, a professional
fundamentals that have to be followed before buyingopinion is must.
a car. Especially if it is a used car you have to beIt is always better to consult a mechanic or get it
careful and well acquainted before investing. To startrated in authorized service center and if you are
with:dealing with a private party then be always on guard
Budget and selection of a car: (pricing, brand,as vehicle sold to you could be stolen. You can also
model)…contact the dealers to know about the warranty
Before buying a car one should always have a roughfeatures and also about the resale value of the car.
estimate about spending plan. This way you canExterior Check
select the cars that falls in your budget and thenCheck for the overall condition of the car like dents,
compare it with other cars of same class..nick, scratch, repaint, working condition of light, tail
Next thing you have to keep in your mind is 'whatlamps, indicator, wiper (flick all the switches and
kind of car do I want to buy? Or with whichcheck if everything working properly ). Also check
manufactures should I go?' Decide on buying carsthe tyres in terms of wear and tear, (if you don't
depending on your requirement and in this wayget a good radial tyre, then try to reduce the prize
selection becomes much easier.further ) oil tank for its leakage. It is also very
Look for hidden pointsimportant to check the undercarriage of the car.
History: (antecedents, accidents, insurance, andCheck for the shock absorbers, lean hard on the
depreciation)…corner of the car and release and if the car is rocking
Inspect the chassis of the car thoroughly; the bodyup and down then it may need replacing.
line will give an idea whether the car was involved inInterior check
a accident. You can check any sign of repainting,Go through the warning indicator lights, speedometer,
similar color body parts etc…. the insurancethe fuel gauge and the other gauge work properly,
formalities like regular premiums are paid, policy isalso check for the glove box lock is intact. Coming to
revised etc…the seating, look if the headrest, adjustable seats,
Ownership: (antecedents: single owner/multipledoor handles, window knobs, interior lights, seat belts.
owner)Also check for the air-conditioning, ensure that all the
It is very important to enquire about its ownership asA/C switches are working and the proper air flows
its been owned by a single or multiple owner and if itthrough all the provided vents. Look for any squeaky
is multiple , there will value depreciation dependingnoise while opening any window or door. Also ensure
upon its condition.that the locking system is perfect. The last thing
When inspecting a car always check for mechanicalpeople look for is the tool kit, but one should make
and technical problems. As it's a pre-owned car,sure all the tools present in the kit. Look for the
proper overall review is necessary. Start with itsOnce the all the interior and exterior factors are
engine: that it should idle smoothly with out anyanalyzed, now it's the time to take the car for a ride
sputtering and also accelerate with out any hesitation.in a literal meaning.
Wheel alignment plays a very vital role, uneven wearTest drive
and tear of tyres-balding on the sides or in theOne cannot just have a overall look and then decide
middle-indicate poor alignment. Check for batteryon buying a car. It is very important to take a test
condition, heat up the engine to check thederive so that one will have a clear picture about the
air-conditioner efficiency also check with thecar. It is better to take a longer stretch so that the
deforestation, defogger fan, heater…everyengine is heated up. Once the car is warmed up
single detail that will give value for your buy. Anothercheck if there is any kind of noise or vibration or
important thing that has to be kept in mind beforeeven any kind of odor and any kind of unusual sound
buying a car is with its titles and credentials. Ensureor vibration will be an invitation for a major trouble.
that all the paper works are in order, becauseCheck if the steering wheel is perfect, there should
sometimes it is possible that you may be buying anot be any kind of vibration. Test the pressure with
stolen car. Checklists of the important documents arethe hand breaks as well as with the pedal brakes.
as follows:Drive it on a empty long stretch with a 30kph and
• RC Book (Registration book/certificate)-apply hard brakes, the car should come to a stop
Also known as Blue book is issued by the RTOwith in no time with out any pressure or vibration.
(certain offices of some state does not provide theThe pedals should be smooth and applying brakes
document in the form of booklet rather it will be ashould not with much effort.
single document -Form 21') the where it reveals theFinance factor
date and address of registration and the record ofWork at your payment mode before your venture
the owners vehicle, the engine number, chassisforth, avoid credit card payment through because of
number (the engine and the chassis numbers has tohigh interest rates. And if you are looking for finance,
be verified with that shown in the book). An entry inIt is always better to avoid the third party concept in
the book also acknowledges how many times theany kind of financing, always go for the direct finance
vehicle has been sold, the details of the previous ofas it will save your time as well as money. Opt for
the previous owner (name and address). The stateeasy-payable EMI with zero interest option(now
registration should be verified, as it has to bethere are leading banks that provide affordable and
registered with the same state where you intend toeasily repayable 'used car loans'.
use your car otherwise you have to get itClinch the deal
transferred it which is again a cumbersome processSo now as you are well versed and clear with all the
with lots of formalities and time consuming.technical, mechanical as well as legal details, keep in
• Tax certificate/book - This documentmind certain important points before finalizing the
contains details about tax paid. The RTO tax is adeal.
lifetime tax that has to pay by the owner (some? Ensure that all the terms and conditions of the deal
state collect life time tax and some have annual taxare obtained in writing: This will give a clear picture to
payment) and if the papers are not clear, you willboth the parties involved in a deal (previous as well
have to bear all the unpaid taxes. Another tax thatas the current owner). There will be no space for
people often forget or ignore it is the road tax, soconfusion to arise.
ensure that all the papers are clear before finalizing? Negotiate for a better prize: As it is buyers market
your deal.you can always have your say in terms of bargaining.
• Insurance - Another vital document whichBefore you go for your car shopping, ensure that
is mandatory for any transfer by RTO. Premiums areyour are aware with the value of the car you're
paid on regular basis and it is always better to checkbuying and the value of trade in. The seller should get
the due date and also ensure that the insurancethe idea that you are also aware of the car markets;
papers are transferred in your name before youryou should be always ready for the bargain-battle.
buy. Though any of these insurance papers cannot? Know that a well stocked dealer will cut a better
give you a clear picture about the vehicle involved indeal
any accidents but still it's a assurance towards theLast but not the least and the most important factor
'safety of the car'that has t be taken care after finalizing the deal is :
• Invoice - Demand for the original invoiceTransferring Ownership
as every owners keep original invoice given to themWith the sale of the care, the ownership also
by the car dealers/showrooms. The invoice encloseschanges. The original owner (Transferor), who is
all the car details (purchase date, year, chassis andselling the car should inform the RTO with whom the
engine number) which give an idea about its originalcar was registered with in 14 days with a letter of
prize. The invoice also gives the information if the carinformation about the new owner (Transferee) and
is financed or not.incase the new owner falls into the jurisdiction of
• NOC (no objection certificate)- If the caranother RTO, then the Transferor has to inform the
is purchased on finance, ask for its documents fromthis RTO with the similar letter and receiving an
the finance company stating all the dues are paid andacknowledgment of receipt of the letter from the
the company have no claim on the vehicle any more.RTO, the transferor is indemnified of all legal, tax,
Form 35- you must have a copy of this duly signedtraffic, criminal and other liabilities pertaining to the
by the financer.car. The seller must also take a delivery note signed
• PUC certificate (pollution under control)-by a buyer. And if the car has being transferred is in
every car needs a PUC certificate and it is valid up toanother state, then the transferor has to get a
one year for every new car and has to be obtainedNOC(no objection certificate, form 28') from his RTO
in every six months.and forward to the RTO in whose jurisdiction the
Always do your homework before buying your car innew owner stays. NOC is accompanied by another
terms of researching. Search for online informationset of documents required to transferring ownership
about the car your looking for, go for its technicalas follows:
and mechanical details and check for its resale value.• Form "TCA" - Intimation of transfer by
In this computer world we can get any informationTransferee (buyer)
from anyone and from anywhere. Use online quotes• Form "TCR" - Intimation of transfer by
that will be a great help, compare cars as well as lookTransferor (seller)
for best deals with different dealers. Do a thorough• Form No.29 - Notice of transfer of
study about your car before buying rather than goingownership of vehicle.
for the first car you came across. Instead of• Form No.30 - Report of transfer of
hurrying, take your time, look as many as cars youownership of vehicle.
can and have an eye for detailing and then decide for