Are you making up your mind to buy a used car? Have a few questions in your mind? Then, read on to get answers for all your questions and make an informed buying decision.
Buying a used car is challenging yet a smart financial move. As it makes more sense for the first-time buyers who are upgrading form a two-wheelers or public transportation. The market for second-hand cars in India is massive. Also, many reports prove second-hand car purchase number to be as high and being equal to new car sales. No matter, whether you’re buying from a private seller or from a friend arming yourself with knowledge and resources will help you make an informed buying decision.
Let’s move forward with the things to consider before buying a used car:
- Do your complete research: Before making a purchase decision it is necessary to decide some things. Decide which type of car (Hatchback, Sedan, SUV or MUV) you want to buy, how many people should it accommodate? Would you like it to be small or large? Are there is anything or any feature you want? After getting an answer to all such questions start your market research online. Offline Dealer Visits can be painful and prevents you from getting a good deal in the market, as you can be influenced by a trained salesperson by their deals and discounts. So, before setting your mind on a dealer deals check online and check carefully for the vehicle market value. It gives you a better idea of what is available in the market, and what you should expect to pay exactly.
- Set your budget: Set your budget at the very initial level and research within that budget. Don’t let any dealer or salesperson persuade you to extend your budget just to get the vehicle you want. Setting a price range can help you to narrow your search and you can negotiate the price accordingly. Also, remember that a car budget shouldn’t include only funds for the car, but also money for an inspection or little maintenance.
- Check the fair market vehicle value online: Without knowing the real worth of a car how can you take the buying decision? Sellers always tell you the price higher than the market value which can cause a loss for you. Now, with the availability of online car valuation tool, you don’t need to rely on verbal pricing details. With the car valuation tool, you can check the used car price for any model online. This helps you to know the right value and then you can deal with anyone accordingly.
- Get the car inspected certificate: With the growth of the automobile sector, the way to sell or buy any used car has also evolved. Nowadays, you don’t need to rely only on verbal assurance of a seller about the car’s condition. You can ask for an ECO inspected certificate which ensures that the car is in good condition. Now, you have the power of certificate at your fingertips.
These are some things which you need to do before making a buying decision. Hope the above pre-owned car buying guide has given you a good insight on buying used cars.