Buying a car is a dream come true. While some people prefer buying a new car, on the other hand, some people prefer buying a used car for different reasons. Buying a new car is not as risky as buying used cars. You must be very careful while buying a used car or a second-hand car as there are chances of you getting cheated.
Buying and selling of used cars through advertisements in newspapers or websites is increasing each day. This is very risky as you are dealing with the unknown. Recently, a person from Andhra Pradesh lost Rs 3,61,000 while purchasing a second-hand car.
Here is what happened?
The victim had seen an advertisement on the website which stated the sale of a used car for Rs 3,80,000. He immediately called up the number and met the owner of the car to check on the car's condition. He then deposited Rs 3,61,000 to the sellers account. When the victim asked the seller to deliver the car, he said there was a problem with the car and he would deliver it the next day. But, he never delivered the car. When he tried calling the number it was switched off.
In this blog, we will discuss the things which you need to keep in mind while buying a used car.
1. Look at the condition of the car
It is very important to check the condition of the car while buying a second-hand car. As there are chances of the seller hiding essential details, say the car met with a major accident or the engine has been damaged in the rains. You must always inspect the car in broad daylight. Take a test drive to make sure the engine is in good condition. Check for the signs of any kind of accident or damage due to flooding. If you are not good at identifying all this, take the help of a mechanic.
2. Do not pay the token advance
You must never pay the token advance without seeing the car in-person. If the seller is asking you to pay the advance without showing the car, avoid making the purchase. If you are asked to pay the advance after checking the car, check the authenticity of the seller. Pay the advance only if you feel the seller is genuine.
3. Go through the registration documents of the car
While buying a second-hand car, always check the registration documents of the car. By checking the registration document, you get to know if the seller is the real owner. The serial number written in the RC book shows, the number of times the car has been sold. You must always ask for other documents like NOC from the bank (This is if he has a car loan), original invoice and road tax receipt.
See Also: How to claim insurance on a stolen car?
4. Check the insurance history
Before purchasing a second-hand car, check the insurance history of the car. If the car does not have No-claim Bonus, it clearly means that the seller has made the insurance claim and the car has met with an accident. If the car has met with an accident, ask the seller how much he had spent on repairs. If the seller has spent a huge amount on repairs, it means the car had been severely damaged.
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