So, you have decided to buy a used car owing to budget constraints? Well, it is surely not a bad idea unless you keep an eye out for a few crucial things. Although you will find several options in the used car (second-hand car) segment, it is important to remember not all cars are ideal for buying.
Here are some of the key things you must be vigilant about.
1. Take the assistance of a local mechanic
So you consider yourself an automotive expert? If you answered yes, make a list of the top five technical components that influence engine performance. If you are unable to respond to this question, simply follow this advice. Whenever you want to buy a used car, make sure you bring a local mechanic with you to the dealership. Mechanics are well-versed in the complexities of automobiles. They will easily uncover problems that you may not be able to see with your naked eye or even after driving the car for a while.
Thus, paying the costs to the mechanic is far better than being involved in a bad agreement.
2. Inspect the car
Never trust the vendor’s claims, especially if you are purchasing a used car from a private seller. The seller may state that the automobile gets Xyz mileage or has no internal or external defects in order to gain the best resale value. However, keep in mind that even a slight ding can result in your second-hand car loan application being rejected. The following are some of the most important items that may be seen without driving and should not be neglected.
- Examine the paint texture. If you detect any differences, you should think again about buying that car.
- Keep an eye out for dings and scrapes. It will provide you with information about the vehicle’s previous driving history.
- Look for broken mirrors, headlights, and similar items. It will tell you if the vehicle has been in an accident recently.
- Inspect the tyres and any electrical part defects that are visible to the naked eye.
3. Test Drive
Another important factor to consider before purchasing a second-hand car is going for a long test drive. But wait, there’s more. Even if the seller smiles and offers you a one to three kilometres test drive, don’t be tempted by this offer. It’s because shorter rides won’t give any insight into the car’s performance.
Here are some things to consider when going for a test drive.
- Check for any unusual vibrations from your car’s engine.
- Keep an eye out on the tailpipe. If you notice any oil spouts or smoke, avoid purchasing that pre-owned car.
- Give special attention to the air conditioner’s functioning. If you think it is not working properly, refrain from such deals.
4. Document verification
This is possibly the most important aspect of all. It’s because buying a car without correct documentation might get you into legal trouble. Furthermore, submitting a second-hand car loan application for a car with a few missing documents will either result in rejection or a high second-hand car loan interest rate.
Here is the list of key documents to consider before settling on the ideal used car.
- Registration certificate. This document is significant since it identifies the true owner of the car. Always ask for this document whenever you are in the middle of a negotiation. If you are buying it from a dealer, be sure the name of the dealer is printed on the RC. If the dealership is providing you with a duplicate RC, inquire about the reason for this.
- The engine number and VIN are also important considerations. Verify that these numbers are the same on the car and the RC document.
- The next important document is the insurance paper. Even if the insurance is about to expire, you should examine it to see if the vehicle has ever been in an accident. In case the insurance will remain valid for a few more months, transfer the same to your name.
- Never overlook a car service book. It’s because it has all the vehicle’s driving history details. It will give you an idea of for what purpose the car has arrived at the service centre. In case the reason is major overhauling due to an accident, avoid buying that pre-owned car.
- The road tax receipt is one of those documents that, if not paid, will put you in the position of having to pay a significant penalty. There could be a red signal if the vehicle seller is hesitant to provide this document.
- Loan NOC is one of the many papers that most buyers usually overlook. But as a cautionary measure, make sure you ask for this document if the seller informs you that the car is purchased on loan. If the vehicle still has unpaid dues, you might want to reconsider your thought of buying that car.
To Conclude
Used cars are not a daily expense. You need to be extra cautious while choosing your dream car. If you are following all the above points, the chances of getting a bad deal get slim.
Also Read: Global NCAP gave full safety rating, These 5 cars available in India are the safest
