Markets have changed drastically over the past decade. Earlier, when it came to buying an asset like a car, you only had a few options to choose from. Now the market is flooded with a wide array of brands and manufacturers. Cars are even being imported from across the nations. Each year brands launch their upgraded models equipped with added features and comfort tempting customers to follow the trend. This has surged the number of car sellers over the years. For someone who does not want to spend an extra buck on those luxuries might prefer buying a used car. So now even they have a wide horizon of choices to pick from. Following the used car buying guide and a few tips will ease up your selection process and protect you from frauds.
Make a list of your needs
Since there are a lot of options available when it comes to buying a used car, the odds of you getting hit by decision paralysis is quite high. So it would be wise to spend some time first in figuring out the specifications and features that you want your car to have. Make a checklist so that it would be easier for you to narrow down your options and pick the one that suits you and your needs the best.
Estimate your budget
While in the search of a car that equips all your needed features and specifications you might forget about taking a look at your financial capability. So make sure you estimate your budget first before you get carried away by the available options in the market. You need to include the insurance, operation, repair costs and maintenance in your budget.
Probe the car properly
After you are done selecting the car you need to make sure it has everything that the seller or the agency promised. People usually fall in the trap of con artists in the market who sell their cars with fake promises and make you believe that it is the best deal that you can have. Do not trust their words. Follow the used car buying guide and check for yourself. Check the interiors and turn on the air conditioner at full swing to check if the cooling is effective. Since every customer might not have the eye to find out the flaws, it is recommended to bring a professional technician with you. There are a couple of things that you should put on the top of your list while investigating. Make sure it has the original engine, the brakes are working properly, gears work smoothly and that the tyres are not worn out. A cloned engine in a car might not give you the expected performance and mileage.
Take a test drive
Just investigating everything with your eyes is not enough. You need to make sure that the car stands up to your expectations on the road too. Getting a test drive of the car that you are going to buy will give you a clear idea of how it is going to perform on the road. Make sure that the car does not make any kind of strange or squeaking noises from the pedals. Make sure that the vehicle is not cloaked which is a technique used to hide the true mileage of the vehicle to sell it at a higher price. It will help you find out if the suspensions and the transmissions are working properly leaving no scope for you to regret your decision later.
Verify the documentation thoroughly
Several cases of cloning spams are registered every year. Cloning is done by changing the number plates of the car with another so that you make you pay for its speeding and parking challans. Go through the car’s original registration papers(RC book) and verify all the details. Make sure that the vehicle registration number on the number plate of the vehicle matches with the one on the registration card. Also, check the existing insurance policy and the no claim bonus. This will help you find out about the car’s previous encounters in any kind of accident if any and the damages for which the insurance has been claimed. Check if the vehicle has any unpaid liens before the transfer of ownership. Also, make sure you transfer the ownership first before you sign up any deal or make any monetary transactions.
So follow these few simple tips and keep yourselves away from regrets.