The purchase of a car is a significant decision, whether it’s a necessity, a status symbol, or a dream come true. However, buying a car is a major financial commitment that requires a significant amount of savings and foresight. In recent years, the idea of buying used cars has become more popular as people have come to realize that used cars can be just as good as new cars.
However, many still refrain from buying used cars because of the perceived risk and the amount of research required. But with the advent of online used car platforms, the process of buying used cars Bangalore has become more accessible and less risky for the common Indian consumer.
These platforms provide an easy-to-use interface, extensive listings, and a range of options to choose from, while also offering a degree of transparency and security that wasn’t previously available.
Certified and Non-Certified sellers
Non-certified sellers, also known as private sellers, are individuals or offline dealers who do not provide any certification for the vehicle they are selling. This means that as a buyer, you have no way of knowing the car’s history, whether it has been in an accident if the odometer has been tampered with, or if the service details provided are accurate or not. Buying a car from a non-certified seller may offer the best price as there are no middlemen involved, but this may not be the case with offline dealerships.
Certified used car dealers, on the other hand, are more transparent and only offer cars that have passed their quality tests. A certified used car comes with all the relevant details that a buyer looks for, including the car’s service history and physical quality. These cars may cost more than non-certified cars, but they come with added peace of mind in the form of warranties and guarantees.
Choosing the car
Selecting the right car is a crucial aspect of second hand cars, and it is important to choose a car that suits your lifestyle and needs. It is important to consider the purpose of the car, and how it will be used. For example, a large SUV may not be the most practical choice for a single person who primarily uses the car for daily commuting.
Similarly, a compact sedan may not be the best choice for a family of six who enjoys long road trips. By considering how you will use the car, and what features are most important to you, you can make a more informed decision and select a car that is both practical and budget-friendly.
Explore all buying options
When you have found a car that you are interested in, it is essential to explore all the available buying locations, such as buying directly from the owner, from used car dealers, or from other sellers who specialize in providing used cars.
Be sure to inspect the car in person and ask the seller any questions you have about the car’s history, usage, maintenance, and any accidents it may have been involved in. The more information you gather, the better equipped you will be to make an informed decision about purchasing a used car in Bangalore.
Inspections before buying Second hand cars
Before purchasing a used car, it is important to conduct a pre-purchase inspection to ensure that the car is in good condition and to identify any potential issues. Some key things to check include:
- Verifying the relevant car documents such as registration, insurance, pollution certificate, road tax clearance, and loan clearance.
- Checking the meter reading and ensuring that it is consistent with the age and usage of the car.
- Inspecting the body for rust or other damage.
- Starting the engine and checking for proper exhaust emissions and oil leakage.
- Checking the condition of the tires and wheels, and ensuring that they are properly aligned.
- Checking the suspension for leaks or any other issues that could affect the ride comfort.
- Checking the battery and signs of acidic wear and tear near it.
- Checking the AC and its cooling efficiency.
- Checking all the lights, indicators, and electrical components such as mirrors and music systems to ensure they are in proper working condition.
- This will help you to identify any potential issues and give you a better idea of the car’s overall condition before making the purchase.
Ownership transfer
When transferring ownership of a used car, certain documents are required to be submitted to the Regional Transport Office (RTO) to complete the process. These include:
- The original registration certificate (RC)
- A No Objection Certificate (NOC) from the financier if the car was purchased through a loan, along with form no. 35
- Sale transfer form nos. 29 and 30, signed by both the buyer and seller in duplicates
- Proof of the vehicle’s chassis number
- Notarized insurance papers, along with identity and address proof of both the seller and buyer. An affidavit may be required if the seller’s address doesn’t match their proof of identity
- A notarized copy of your PAN card or Form 60.
It is important to ensure that all of these documents are in order before transferring ownership of the car to avoid any legal complications in the future.
Conclusion
The Indian used automobile market was previously estimated to be worth 32.14 billion USD, and it is anticipated to grow to 74.70 billion USD over the projection period, exhibiting a CAGR of 15.1%. Buying a used car can be a wise decision for many reasons, such as the lower price point, slower rate of depreciation, lower insurance and registration costs, and the ability to obtain a lower loan amount.
However, it is important to conduct proper research, ask questions and do a pre-purchase inspection of the car, to ensure that the car is in good condition and to identify any potential issues.
