Shopping for a pre-owned car is quite similar to going on a treasure hunt. There are pretty great deals out there, and with the emergence of the web as a car shopping tool, you have every opportunity of finding a good deal on a car that satisfies your needs and fits your budget.
There are many reasons to buy a used vehicle instead of a new: you save money on registration, taxes, and depreciation (the loss in a car’s value over age). It makes complete sense because cars have never been more stable, as nowadays, it is not a miracle for a vehicle to be trouble-free for well over 100000 kilometers.
Checklist For Used Cars
Since modern cars are made to last for a long time, buying a pre-owned car can be smart. However, it can be a somewhat intimidating experience for both buyers as well as sellers. This is where a checklist can simplify matters, reduce risk, and convert the transaction into a hassle-free affair.
To make your life easier, if you ever venture into the pre-owned cars section, here’s a small checklist to help you make a better and informed decision, whether you are a buyer or a seller in the market.
Condition of the car
Whether you are purchasing or selling a pre-owned car, you would still want the vehicle to be in a pristine condition as much as possible. As a potential buyer, take the vehicle for a test drive and get all superior systems such as the cooling system, engine, transmission, Suspension & wheels, etc., checked by a trusted technician.
Ensure that you check all the registration documents with a keen eye before deciding to purchase a particular vehicle. Take a look at the Owner Serial Number in the RC book or smart card to ensure that indicates the number of times the vehicle has been sold to date.
Make sure the seller provides you with other documents that need to be verified, including the original receipt, NOC from the car loan provider, and road tax slip. As per rules, the car’s transfer is effected when you and the seller sign on RTO Form 29 and 30. Further, the seller must submit Form 28, the NOC for the transfer of the vehicle.
Remember to check the car’s insured value in the policy as it will be a useful benchmark during price negotiations. Make sure that you track the No Claim Bonuses over the past 2-3 years, as frequent claims are often an indication of numerous accidents requiring repair and maintenance to the vehicle.
Furthermore, transfer the seller’s car insurance policy in your name or buy a new plan within 14 days of the transfer of the vehicle. Failing to do so may lead to your insurance claim being rejected in case of an accident or mishap. Only requests related to third parties will be approved under the deemed insurance policy transfer of the law.
How Can Pitstop Help?
Even if you go through all the items mentioned in the checklist above, there will still be places where you’ll need additional assistance when it comes to your pre-owned car, especially when it comes to car inspections. Pitstop, the leading providers of car service in India, has an unrivaled car inspection service that provides a diagnosis of the car and the fair value of the vehicle.
Moreover, our 126 point check sheet ensures an all-round inspection of the car, leaving almost no room for mistakes. And even if you are buying a pre-owned vehicle, Pitstop imparts the experience of buying a new vehicle from the showroom, along with the bonus of doorstep after-sales service.
From a seller/ car dealership’s point, Pitstop is the best platform for pre-purchase car inspection and the after-sales services for your used cars because we believe in doing the best for our vendors in all possible ways. As a seller, you can enjoy a plethora of benefits like thorough inspection, car servicing and repair post-inspection of your pre-owned cars, best pricing for all your car refurbishments, etc.
And most importantly, why should you go and get hassled by the many phony after-sales service providers in the market when you have a one-stop-shop for all car needs?
Summing up, all we can say is – do your homework correctly, make ample use of online and offline resources (as well as service providers), and rely on everyday common sense to hammer out the right deal when buying or selling a used car.