Used Car Buying

Owning a four wheeler have become necessity inare ready to look out for your car, comes the
today’s motorized world. Every one cannotnext step.
opt for a new car but can always own ‘UsedRatify the value of the vehicle
car’ it is also an added advantage if you haveIt is not necessary that everyone is well versed
just learnt driving. In this way you can refine yourwith knowledge about cars. May be toa certain
driving as well as build up enough confidence toextent but to know a in and out of a used car, a
before investing a substantial amount on new car.professional opinion is must.
There are certain fundamentals that have to beIt is always better to consult a mechanic or get it
followed before buying a car. Especially if it is arated in authorized service center and if you are
used car you have to be careful and welldealing with a private party then be always on
acquainted before investing. To start with:guard as vehicle sold to you could be stolen. You
Budget and selection of a car: (pricing, brand,can also contact the dealers to know about the
model)…warranty features and also about the resale value
Before buying a car one should always have aof the car.
rough estimate about spending plan. This way youExterior Check
can select the cars that falls in your budget andCheck for the overall condition of the car like
then compare it with other cars of same class..dents, nick, scratch, repaint, working condition of
Next thing you have to keep in your mind islight, tail lamps, indicator, wiper (flick all the
‘what kind of car do I want to buy? Or withswitches and check if everything working properly
which manufactures should I go?’ Decide on). Also check the tyres in terms of wear and
buying cars depending on your requirement and intear, (if you don’t get a good radial tyre, then
this way selection becomes much easier.try to reduce the prize further ) oil tank for its
Look for hidden pointsleakage. It is also very important to check the
History: (antecedents, accidents, insurance, andundercarriage of the car. Check for the shock
depreciation)…absorbers, lean hard on the corner of the car and
Inspect the chassis of the car thoroughly; therelease and if the car is rocking up and down then
body line will give an idea whether the car wasit may need replacing.
involved in a accident. You can check any sign ofInterior check
repainting, similar color body parts etc…. theGo through the warning indicator lights,
insurance formalities like regular premiums arespeedometer, the fuel gauge and the other gauge
paid, policy is revised etc…work properly, also check for the glove box lock
Ownership: (antecedents: single owner/multipleis intact. Coming to the seating, look if the
owner)headrest, adjustable seats, door handles, window
It is very important to enquire about itsknobs, interior lights, seat belts.
ownership as its been owned by a single orAlso check for the air-conditioning, ensure that all
multiple owner and if it is multiple , there will valuethe A/C switches are working and the proper air
depreciation depending upon its condition.flows through all the provided vents. Look for any
When inspecting a car always check forsqueaky noise while opening any window or door.
mechanical and technical problems. As it’s aAlso ensure that the locking system is perfect.
pre-owned car, proper overall review isThe last thing people look for is the tool kit, but
necessary. Start with its engine: that it should idleone should make sure all the tools present in the
smoothly with out any sputtering and alsokit. Look for the
accelerate with out any hesitation.Once the all the interior and exterior factors are
Wheel alignment plays a very vital role, unevenanalyzed, now it’s the time to take the car
wear and tear of tyres-balding on the sides or infor a ride in a literal meaning.
the middle-indicate poor alignment. Check forTest drive
battery condition, heat up the engine to check theOne cannot just have a overall look and then
air-conditioner efficiency also check with thedecide on buying a car. It is very important to
deforestation, defogger fan, heater…every singletake a test derive so that one will have a clear
detail that will give value for your buy. Anotherpicture about the car. It is better to take a longer
important thing that has to be kept in mindstretch so that the engine is heated up. Once the
before buying a car is with its titles andcar is warmed up check if there is any kind of
credentials. Ensure that all the paper works are innoise or vibration or even any kind of odor and
order, because sometimes it is possible that youany kind of unusual sound or vibration will be an
may be buying a stolen car. Checklists of theinvitation for a major trouble. Check if the
important documents are as follows:steering wheel is perfect, there should not be any
• RC Book (Registration book/certificate)- Alsokind of vibration. Test the pressure with the hand
known as Blue book is issued by the RTO (certainbreaks as well as with the pedal brakes. Drive it
offices of some state does not provide theon a empty long stretch with a 30kph and apply
document in the form of booklet rather it will behard brakes, the car should come to a stop with
a single document –Form 21’) the wherein no time with out any pressure or vibration. The
it reveals the date and address of registration andpedals should be smooth and applying brakes
the record of the owners vehicle, the engineshould not with much effort.
number, chassis number (the engine and theFinance factor
chassis numbers has to be verified with thatWork at your payment mode before your
shown in the book). An entry in the book alsoventure forth, avoid credit card payment through
acknowledges how many times the vehicle hasbecause of high interest rates. And if you are
been sold, the details of the previous of thelooking for finance, It is always better to avoid
previous owner (name and address). The statethe third party concept in any kind of financing,
registration should be verified, as it has to bealways go for the direct finance as it will save
registered with the same state where you intendyour time as well as money. Opt for
to use your car otherwise you have to get iteasy-payable EMI with zero interest option(now
transferred it which is again a cumbersomethere are leading banks that provide affordable
process with lots of formalities and timeand easily repayable ‘used car loans’.
consuming.Clinch the deal
• Tax certificate/book – This documentSo now as you are well versed and clear with all
contains details about tax paid. The RTO tax is athe technical, mechanical as well as legal details,
lifetime tax that has to pay by the owner (somekeep in mind certain important points before
state collect life time tax and some have annualfinalizing the deal.
tax payment) and if the papers are not clear, you? Ensure that all the terms and conditions of the
will have to bear all the unpaid taxes. Another taxdeal are obtained in writing: This will give a clear
that people often forget or ignore it is the roadpicture to both the parties involved in a deal
tax, so ensure that all the papers are clear before(previous as well as the current owner). There will
finalizing your deal.be no space for confusion to arise.
• Insurance – Another vital document? Negotiate for a better prize: As it is buyers
which is mandatory for any transfer by RTO.market you can always have your say in terms
Premiums are paid on regular basis and it isof bargaining. Before you go for your car
always better to check the due date and alsoshopping, ensure that your are aware with the
ensure that the insurance papers are transferredvalue of the car you’re buying and the value
in your name before your buy. Though any ofof trade in. The seller should get the idea that you
these insurance papers cannot give you a clearare also aware of the car markets; you should be
picture about the vehicle involved in any accidentsalways ready for the bargain-battle.
but still it’s a assurance towards the? Know that a well stocked dealer will cut a
‘safety of the car’better deal
• Invoice – Demand for the original invoiceLast but not the least and the most important
as every owners keep original invoice given tofactor that has t be taken care after finalizing the
them by the car dealers/showrooms. The invoicedeal is :
encloses all the car details (purchase date, year,Transferring Ownership
chassis and engine number) which give an ideaWith the sale of the care, the ownership also
about its original prize. The invoice also gives thechanges. The original owner (Transferor), who is
information if the car is financed or not.selling the car should inform the RTO with whom
• NOC (no objection certificate)- If the car isthe car was registered with in 14 days with a
purchased on finance, ask for its documents fromletter of information about the new owner
the finance company stating all the dues are paid(Transferee) and incase the new owner falls into
and the company have no claim on the vehiclethe jurisdiction of another RTO, then the
any more.Transferor has to inform the this RTO with the
Form 35- you must have a copy of this dulysimilar letter and receiving an acknowledgment of
signed by the financer.receipt of the letter from the RTO, the
• PUC certificate (pollution under control)-transferor is indemnified of all legal, tax, traffic,
every car needs a PUC certificate and it is validcriminal and other liabilities pertaining to the car.
up to one year for every new car and has to beThe seller must also take a delivery note signed
obtained in every six months.by a buyer. And if the car has being transferred
Always do your homework before buying youris in another state, then the transferor has to get
car in terms of researching. Search for onlinea NOC(no objection certificate, form 28’)
information about the car your looking for, go forfrom his RTO and forward to the RTO in whose
its technical and mechanical details and check forjurisdiction the new owner stays. NOC is
its resale value. In this computer world we canaccompanied by another set of documents
get any information from anyone and fromrequired to transferring ownership as follows:
anywhere. Use online quotes that will be a great• Form "TCA" - Intimation of transfer by
help, compare cars as well as look for best dealsTransferee (buyer)
with different dealers. Do a thorough study about• Form "TCR" - Intimation of transfer by
your car before buying rather than going for theTransferor (seller)
first car you came across. Instead of hurrying,• Form No.29 - Notice of transfer of
take your time, look as many as cars you canownership of vehicle.
and have an eye for detailing and then decide for• Form No.30 - Report of transfer of
the ‘right car’ you want to own. Onceownership of vehicle.
you feel your research is complete and now you