Buying a used car is not easy in the versatile Indian Auto market.
There is a huge market of used cars in India. There are plenty of options available for each model, segment, and budget of automobiles. So buying a used car becomes a bit cumbersome in case you don’t acquire substantial knowledge about the field. Many a times, people looking for used cars keep their final decision on hold in hope that if they wait a bit more they might get a better deal. While some people sell their used cars just in time in order to get the best price before their cars value depreciate further.
Every year n number of new models are added to the automobiles available in India, and since it is a developing economy every car maker wants to introduce its models with to tap the hidden potential of market. This in turn has resulted into a steep growth of used car market. The used car market in India has shown unprecedented growth in last few years. With the availability of so many new options people have developed a tendency of changing their cars with changing times at a much frequent level. An average service class person changes its car in every 7-8 years. So whenever any new model is bought the old one is joins the used cars clan and thus the volume of used cars is increased. The old cars circulate in the market and are passed from one hand to other in terms of favorable deals.
But the market is so big and resourced that if you are not taking any expert advice all your money and efforts might go in vain. So there are a few points other than expert opinion that if kept in mind might help you strike a better deal and get or pay a justified price for the vehicle that you buy or sell.
Buying Used Cars
Points to remember
The best way to judge that how good a car is for you is from the history of servicing and maintenance it holds. A car that has a well-documented history of servicing form a single service station deserves best scores. Some dealerships and manufacturers offer certified cars with warranty, but rather than relying on their words better go by your instinct and try and get as much information as you may get. Also, keep in mind that popular cars may not always be a good option in second hand market, sometimes lesser known cars offer you better quality along with enough margin for bargains. It is highly recommended that in case of used cars never rely on modified vehicles. Also, try to keep discontinued models at bay as they might be available at cheaper prices but there isn’t a regular supply of their spares, they have a high maintenance costs and have almost nil resale value. Also, repossessed cars, less used cars for more than a period of ten years, and repainted cars can be counted under the list of ‘must be avoided’ cars.
There are number of points that must be kept in mind while checking the car. For e.g. if you are new to the world of second hand cars or cars than better take help of any known person who has some experience in dealing with such issues. Also, make sure you have all details of the car before you travel half world to see it. Make sure you examine the car in full daylight so that nothing remains hidden form your eyes. See if you may start the car from cold engine so that you may know the exact condition and potential of the car. Carefully scrutinize the original documentation of the car, its insurance, registration and all other legal details. Make proper verification for size of engine, date of manufacturing, test drive. And finally get it checked by a mechanic of your trust and take hit final word on it.