Smart Tips for Buying a Used Car: What to Consider Before Making Your Purchase | Autospoke

5 Things to Consider Before Buying a Used Car

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April, 2024

Conducting a rigorous check of the vehicle becomes even more important while you are purchasing a used car because of the complications involved. Thus, make sure to consider the below-mentioned points as a checklist. Here is the checklist for buying a second-hand car.

1. Check the Car’s Condition

Once you have zeroed in on the car, it is important to get into minor details to arrive at the purchase decision. If you have good knowledge about the technical aspects of a car, you can examine the vehicle yourself or else seek help from a trusted mechanic. Things might seem normal from the outside, however; a skilled mechanic will be able to point out if there was a cover-up regarding the exterior and if the engine, along with other parts, is worth the price. Here’s a list of things to check and inspect with regards to the car’s condition before buying a used vehicle in India.

1. Interior Have a look at the upholstery in the car. Check the front and back seats for any tear or stains. If the vehicle has electronic items such as a music system, monitor, etc., then try using it to ascertain its functionality.


2. Exterior Take a good look at the vehicle from all angles. Things might look fine at first glance, but a close inspection can reveal a different picture. Watch out for rusting and paint damage.


3. Framing While it is crucial to inspect the car closely, taking a step back and inspecting the car’s framing can also tell a lot about the vehicle. Check if the car is placed evenly and confirm that there’s nothing loose near the undercarriage.


4. Tyres The condition of the tyres can be good or bad depending on the usage. You can check for the uniformity of the tyres concerning wear and tear. If the tyres are not worn evenly, it can lead to alignment issues, which means the car might tend to drift in a direction while driving.


5. Engine It is suggested to inspect the engine thoroughly. Check for leaks, corrosion, and cracked tubes. Also, look at the oil and transmission fluid using a dipstick.


6. Mileage If the car is not too old but has major mileage issues, then it can be a result of deeper problems. Discuss the mileage with the seller in detail as it is difficult to inspect in one go.


7. Test Drive Test driving the car will give you a lot of insights related to its performance. Make it a point to drive the car on a highway, in narrow streets, take U-turns, etc. give special attention to the brakes. Driving the car for a considerable amount of time will tell you about its acceleration and suspension along with its ability to manoeuvre.

2. Maintenance Records

Some car owners meticulously maintain the servicing records. They have the receipts filed and dates noted. On the other hand, some owners do not give too much thought towards maintaining records. They keep a mental note of the number of visits to the service centre in a year and the type of service performed.

Have a detailed conversation with the seller regarding the car’s maintenance history. If you get the well-maintained records, you can follow the same based on your usage. If you get a verbal history, you can analyse the extent to which the car needs servicing.

3. Check Registration Certificate

Verify the authenticity of the vehicle’s registration certificate. It will have the owner’s name and the car’s details – engine number, chassis number, etc. The certificate should be original. If it is a duplicate one, it will be marked as DRC. In that case, speak to the seller about the DRC status and check, in which state was the car registered. If you want to move to another state, the car needs to be registered with that state’s Regional Transport Office (RTO). Your name should appear on the vehicle’s registration certificate after the purchase.

Original purchase invoice, insurance, road tax receipt, and pollution certificate are other documents that are needed to be checked while buying a used car. If the car was financed, then form 35 and the financing company’s NOC are also crucial. Note that any modification to the engine’s displacement or a change in the colour of the vehicle needs to be specified in the registration certificate.

4. Car Insurance

While buying a second-hand car, the old car insurance needs to be transferred to the new owner’s name. If the seller doesn’t do it proactively, it is the buyer’s responsibility to get it transferred. There might be legal issues if the car insurance is not transferred in the new owner’s name and the vehicle is involved in an accident or other such unfortunate events. Also, the extent of the insurance coverage needs to be checked. You need to check if the active insurance policy is a Third-party Liability policy or a Comprehensive one. If you feel that you need to strengthen the existing insurance policy, then appropriate car insurance Add-ons can be considered while renewing.

You can also choose to buy a new policy for yourself by discontinuing the existing one. Driving without a valid car insurance policy is a punishable offence in India, therefore ensure you at least have the mandatory Third-party policy. The other option is to buy a wide-ranging Own Damage cover by opting for a Comprehensive policy.

5. Transfer of No Claim Bonus

This point is related to car insurance. NCB is a bonus. It is a reward for not filing a claim during the policy period. Therefore, it is known as a No Claim Bonus (NCB). This bonus can fetch you a discount while renewing your car’s Comprehensive insurance policy. Such a bonus is associated with the car’s owner and not the car. Transfer of No Claim Bonus can take place from the owner’s old car to the same owner’s new car but not from a seller to a buyer. Therefore, it can be taken into consideration when the owner sells the previously-owned car and shifts to a new car.

For example, concerning second-hand cars, this can be beneficial for you if you are selling your existing car and then purchasing another car. You can end up saving a considerable amount of money on car insurance if you have 50% accumulated NCB. You can calculate and note that amount while budgeting for your latest vehicle’s comprehensive insurance policy.

Also Read: Insider's Guide: 5 Essential Checks for Buying a Second-Hand Car

Source: acko.com

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