It is always better to go for a used car if you are a greenhorn and have just learnt driving. This way you can refine your driving skills and gain the necessary confidence before investing a substantial amount on new car.
Some of the reasons, which have made used car market, a big attraction are:
* Less capital investment
* One can afford a luxury model in relatively less price.
* Lower depreciation
* Used car market has developed these days and most car makers now sell certified used cars, which include warranties.
* Financing rates for used cars have dropped in recent years.
Now that you have decided to buy a used car just follow these simple tips to get the best bargain.
1. Decide your budget:
It is always better to have a rough idea of the amount that you can afford to spend on buying the car before starting the car buying process. This way you can avoid overshooting your budget. While deciding about the budget also account for the insurance and other running costs.
2. Finding the right car:
Unlike buying a new car you can’t be fastidious while buying a used car. You have to be flexible. If you’re set on one model, in a specific color, with a certain mileage or specification you may find it hard to get a bargain as you’re focusing on a narrow market. If you’re prepared to consider something similar to what you want, you’ll find a much wider choice available and it becomes easier to negotiate.
3. Communicate with the seller:
You can buy the used car either from a dealer or from an individual. While buying the car from an individual enquire why he/she is selling the car, how the car was used (single hand, daily commuting etc.), and finally ask for permission to get the car inspected by a car mechanic. If you get the right answers only then proceed further otherwise look for some other seller.
4. Thoroughly inspect the car:
While an individual seller may permit you to get the car inspected by a mechanic, a dealer may not be so obliging. Don’t let this stop you from doing some inspection on your own.
5. Take a test drive:
A test drive will give you the feel of the car and help you arrive at the decision whether the car is fit for you or not.
6. Ensure that the paperwork is in order:
It is very important to ensure that the paperwork of the vehicle is in order before finalizing the deal. It is quite possible that you may be lured into buying a stolen vehicle by a tempting offer.
7. Negotiating the price:
While negotiating the price keep in mind the condition of the cars. If the car requires some immediate repairs such as change of battery, replacement of tyres, wheel alignment, suspension etc then reduce the price of the car accordingly.
8. Transferring ownership:
With the sale of the car the ownership is also changed. The original owner (Transferer) who is selling the car, must inform the RTO with which the car was registered about this transfer, by sending a letter with information about the new owner (Transferee) within a period of 14 days. In case the new owner falls in jurisdiction of another RTO, then the owner has to inform this RTO by sending a similar letter.
- By KOL News , Written on August 14, 2009




[...] Tips For Buying Used Car [...]