Tips For Buying A Used Car:

14.03.2011 | Author: kanchan | Posted in Insurance
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If your budget does not permit you to go for a brand new car, you always have an option of purchasing the car of your dreams from the entire selection of <a href=”http://www.icicilombard.com” target=”_blank”>used cars</a> available in the market. However, before you make your decision and put your hard earned money in buying a used car, there are several factors you might want to consider.
Firstly select the car type you are looking for, whether it is a sedan or a small car or an SUV/MUV. Once you have selected the type of car, you will have to decide if you are going to pay the full amount yourself or get it financed. If you are planning to get your car financed, select wisely from the various options available with the dealer or find a suitable option yourself from various finance companies as well as banks after calculating what would be the total cost of the car which includes upfront payment, all the installments, registration, transfer, repairs if required, service tax, and finally if the car is worth all the money you are paying for it. Also ensure that the car is well covered with insurance. Your point of purchase whether it is an authorized dealer, second hand auto dealer or directly from the owner also makes a lot of difference. Take a test drive before you close the deal to ensure that the car is in good condition and that you are satisfied with it.
Apart from above mentioned factors, there are few other precise aspects which you need to evaluate closely. Your first priority is to know the year in which car was registered or to simply, know the age of the car. Once you have determined this also check the Odometer to find out the number of kilometers the car has traveled and get your mechanic to check if there are any signs of Odometer tampering. Check if the tires, bonnet, and engine are in good condition as you might have to shell out extra on repairs later on.  Make sure you take possession of all the necessary documents such as the Blue Book, <a href=”http://www.icicilombard.com” target=”_blank”>insurance</a> certificate, pollution control certificate, municipality certificate, and road tax clearance certificate. Last but not the least, try and avail the original invoice of the car. NOC of the finance company is also essential and so is the form 35, which you should keep safely after you get it signed by the financer.
Thus. it is safe to say that purchasing used cars is a process where you can get a good deal only if you take care of all the above mentioned details.

If your budget does not permit you to go for a brand new car, you always have an option of purchasing the car of your dreams from the entire selection of <a href=”http://www.icicilombard.com” target=”_blank”>used cars</a> available in the market. However, before you make your decision and put your hard earned money in buying a used car, there are several factors you might want to consider.
Firstly select the car type you are looking for, whether it is a sedan or a small car or an SUV/MUV. Once you have selected the type of car, you will have to decide if you are going to pay the full amount yourself or get it financed. If you are planning to get your car financed, select wisely from the various options available with the dealer or find a suitable option yourself from various finance companies as well as banks after calculating what would be the total cost of the car which includes upfront payment, all the installments, registration, transfer, repairs if required, service tax, and finally if the car is worth all the money you are paying for it. Also ensure that the car is well covered with insurance. Your point of purchase whether it is an authorized dealer, second hand auto dealer or directly from the owner also makes a lot of difference. Take a test drive before you close the deal to ensure that the car is in good condition and that you are satisfied with it.
Apart from above mentioned factors, there are few other precise aspects which you need to evaluate closely. Your first priority is to know the year in which car was registered or to simply, know the age of the car. Once you have determined this also check the Odometer to find out the number of kilometers the car has traveled and get your mechanic to check if there are any signs of Odometer tampering. Check if the tires, bonnet, and engine are in good condition as you might have to shell out extra on repairs later on.  Make sure you take possession of all the necessary documents such as the Blue Book, <a href=”http://www.icicilombard.com” target=”_blank”>insurance</a> certificate, pollution control certificate, municipality certificate, and road tax clearance certificate. Last but not the least, try and avail the original invoice of the car. NOC of the finance company is also essential and so is the form 35, which you should keep safely after you get it signed by the financer.
Thus. it is safe to say that purchasing used cars is a process where you can get a good deal only if you take care of all the above mentioned details.

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