Important Points to Remember While Buying Any Used Car
There has been a phenomenal growth in the used car market spurred by the growing aspirations of the middle class and the dream of owning a car. Some of the benefits that are being offered to customers, include extended warranty on cars, document transfer, no meter tampering guarantee, and roadside assistance, amongst others. In the last 2 to 3 years, the used car industry in the organized trade has grown 70-80%. According to Gaurav Dave, Area Manager for AP, Mahindra First Choice Wheels Ltd., the reason behind this growth is a surge in the middle class segment. Also, before recession the new car sales had gone up, thus providing the market for used cars in the years that followed.
Always Remember Following Points
1. Budget : The most fundamental decision that you need to take is to ascertain an amount that you can spare for buying a car. Thus, it will be wise of you to only look into those cars which can fit into your budget.
2. Type of Car : Once the budget is fixed, assess your requirements and select a car that suits those. It is also very important to decide at this stage, whether you prefer a petrol car or a diesel one.
3. Fuel Economy : This is one of the most considered features offered by a car. With the rising fuel prices, Indians in general are very particular about the fuel efficiency of a particular car.
4. Seller : It is advisable to buy the car from an authorized dealer, even if it is a second hand car. Almost all leading manufacturers of the country including Maruti Suzuki, Hyundai, and Toyota operate a separate wing for used cars. Purchasing a second hand car from these manufacturers will ensure that after sales and services are provided.
5. Physical Check : Once you have shortlisted a certain car, it is crucial to make a physical check of the vehicle. In the meantime, you should also check the history of the car – distance travelled, age of the car, ownership transfers, original papers and certificates- all of these things should be verified carefully.
It should also be mentioned that if you are buying a car from an individual owner, make sure the seller properly transfers the title and registration to you. If the deal is not closed correctly, there could be after-sale hassles.
Besides, you should do some research on the car that you’re going to buy. Check out the car portals and auto magazines in order to be sure that you’re making the right choice. Other than taking the opinion of friends and relatives, reading online reviews can also guide you better. Once you’ve zeroed on in a particular car, you should test drive the vehicle yourself and see how it feels. If you find the car good enough, you can proceed to seal the deal. Also, do not hesitate to negotiate. You may get the car for a lower price, if you negotiate judiciously.