10 Easy Steps to Find the Best Used Car Deal

The used car market in India has been experiencing rapid growth. As more models enter the Indian market, the old ones get older. Buying a new car, using it for a while and then going in for a newer model seems to be latest trend in the country. This has not only boosted new car sales but also promoted the used car market in India. This article offers 10 easy steps to finding the best used car deal.

The competition in the used automobile industry in India gets fiercer by the day with a host of options at the car buyer’s disposal. It is the buyer’s market here, and not the seller’s. There are plenty of used cars for sale as well as an ample number of used car sellers in India. However, there are certain aspects that need to be considered before going for the final buy.

  1. Know Your Needs:Do you know what car you need to go for? What’s your budget? If yours is a small nuclear family, a small car like the Maruti Suzuki Alto or Chevy Spark can be great. However, if buying a giant vehicle for a typical Indian family that’s real huge is your purpose, go for a second-hand MUV something like the Toyota Innova that’s big enough to accommodate 7 to 8 people with ease. Bottom line: Scrutinizing your needs has to be the first step.
  2. A Thorough Online Research:Now that you know what car to buy, go through the Internet for car reviews and testimonials written by Indian consumers pertaining to the model you’ve chosen. That will give you cues about the viability of the car on the Indian roads. Also, plenty of web sites give the market value of the second-hand car you’re looking to buy with year of manufacture and other details. Go through as many web sites as you can to get a fair idea about the models reliability and its demand in India.
  3. Trusted Sellers Only:The Internet sure gives you a wide choice of used car sellers in your area, be it any nook or corner in India. It is, however, very important to buy from an authorised or trusted seller. Go through the popular web car portals in India that give you enough information that will help you make an informed decision about the used car dealer you need to choose. If you already know of a friend or relative who’s bought an old car from a dealer in your city, you may ask that person for a second opinion.
  4. Branded Used Car Outlets:These days, almost every auto major in India like Maruti Suzuki, Toyota Kirloskar Motor, Honda Motor Co and Hyundai Motor India Limited has their authorised used car sales units. Buying your car through these outlets can mean an almost hassle-free process with car financing, auto insurance, service and quality pre-owned cars.
  5. The Used Auto Loan:In case you’re incapable of making the entire payment at once, there’s always the option of going for a car loan. Here again, check the rates on the internet. The used car loan rate in India may vary based on the model you’ve chosen, the year of manufacture and the sum for which you require a loan.
  6. Test Drive:If possible, test drive the car you’ve shortlisted. This may not be possible always though. When you test drive the car, you may be able to identify flaws in the car’s working. You can also assess the car’s condition, mileage and performance.
  7. Check the Documents:If you’ve made up your mind to go for a particular car, don’t forget the papers. Check all the documents like the RTO tax receipt, original registration certificate in India, auto insurance papers, original invoice and the service bills of the automobile.
  8. The Stolen Car Market:Stolen car business also seems to be flourishing in India these days. Beware of stolen cars. A tampered odometer and incorrect documents are the most noticeable indications of stolen cars in India. Take help from a trusted local mechanic before finalizing the used car deal.
  9. Negotiate:There is no charity being done by a car seller. He will make sure he gets his profit. So, you need to make sure your negotiation skills work best at this time. Bargain can help you get the best used car deal.
  10. Paperwork:Once the deal is finalized, take time to fill out all paper work and complete all legal formalities.