Owning a car is a thing of joy. But, when you plan to purchase a used car you need to be more careful than when you intend you buy a new car. Especially, you have to keep a check on the car, its state, age, the cost, and do the paperwork, necessary transfers, and a lot more. However, worry not; we have brought to you a complete guide on the essentials of buying a used car.
Below-mentioned are some things to consider when you plan to buy a used car.
- Condition of the Car
First and the foremost, check for the condition of the vehicle. You can ask the seller to allow a pre-inspection of the car from a trained mechanic. Usually older cars can be in a vulnerable state, so you must check the engine, mileage, performance, and capacity of the car.
- Cost of the Car
The asking price must be considered. It should be proportionate to the car’s condition and age. It is best to make a purchase from a trusted dealer who can provide verified prices on cars. Many post personal ads on the internet to sell their car, so you can check online as well. You should compare the car models, their condition, and prices, before choosing the right one.
You must check if all the relevant paperwork of the car is in place. The documents will include PUC certificate, car insurance certificate, RC (registration certificate) book, original invoice, road tax certificate, etc. Do remember, when buying a used car, the change in ownership of the vehicle from the seller to you must reflect in all associated documents.
- RC Book Transfer
The Registration Certificate of the car lists the registration year, manufacturing year, and other information of the vehicle. The RC book must be transferred in your name, when you purchase the car from the seller. After the transfer is done, only then you become the car’s legal owner.
- Maintenance of the Car
There could be a few glitches in a used vehicle, so get it fixed before get on to drive the car. You can request the seller to fix any existing issues, before you buy the model, or you can fix the same yourself, whichever suits you the most.
- Insurance Policy Transfer
As mandated by the Motor Vehicles Act, 1988, the car you purchase must have an insurance cover for it. The car insurance policy initially will be in the name of the seller and when you buy the vehicle, the policy needs to be transferred in your name. The transfer process is done by the seller.
After the transfer, a new insurance certificate with your name on it will be issued. The No Claim Bonus (NCB) of the existing policy will however, stay with the seller. In case you had a car insurance policy already, then you can get the NCB transferred to this new policy.
So, if you wish to purchase a used car, keep in mind the above-given pointers. These will help you to go through the car buying process, smoothly.