A Complete Guide On Buying A Second-Hand Car In India

Getting a whole new luxury car can be a lot on your pocket. Some dream of getting a high-end car but due to less financial capacity, they are not able to get a new one. Seeing this, the only way to fulfill their dream is to buy a second-hand car from the right platform. Many thinks that getting a second-hand luxury car is not worth it but this is not right. The market for second-hand cars is expanding at a much larger scale in India. People prefer to buy used luxury cars instead of a brand-new car. Just make sure to do good research work before making the choice.

Buying a second-hand car is worth every penny but it is only when you do the right inspection. Look out for the general information and its features, know the accidental records, insurance, authenticity of the documents, vehicle condition, model no etc. All these aspects will help you to make the right choice for yourself. Also, know that choosing the right vendor will make a big difference. The reliable online platform will help in getting you the best deal on luxury cars making sure they are in good condition. We all know the car is a depreciating asset and getting a used one makes a lot of sense.

Following are some of the advantages of buying a second-hand car in India:

Lower price tag-

This is very obvious that the second-hand car will not drain all of your savings. You can enjoy the comfort of a luxury car at a much lesser price in comparison to the new one. Affordability is one of the biggest advantages while buying a second-hand car. With less money, you can get the car of your dream in a high variant with good features.

Depreciation-

Once you buy a new car, it depreciates at a high rate and after a few years, the rate of depreciation slows down. The same is the case with second-hand cars. They depreciate way less than a brand-new car coming out from a showroom. This way you will get a better resale value if you wish to sell the car further, making sure it is in a good condition.

Loan-

In comparison to the new car, the second-hand car will obviously have less loan installment. The loan taken will be less in the case of a second-hand car and so will the EMIs (equated monthly installments). So without any financial hassle, you can easily avail of a car loan at attractive interest.

Warranty-

Like the new cars, the certified dealers will make sure to provide at least 12 months of warranty. This will give you a sense of relief and security while getting a second-hand car.

Match the standards-

If you seek help from certified dealers, you won’t have to compromise in terms of anything. They will offer you those cars which are good in condition and intact. This will give you a fresh and luxurious feel while driving. They will make sure that the car meets the mechanical standards.

Insurance premium-

In proportion to the new car, the new car will have a higher insurance premium. The used or second-hand car will have less insurance premium. As the car starts ageing its value starts to come down, and the premium will also come down.

So above are some of the major advantages of buying a second-

hand car in India. Know that choosing the right vendor is important which will make sure that the car buying is right. Though the online platform is considered the best place to get a second-hand car, there are many other platforms too and some of them are listed below:

Directly from the owner-

You can come directly in contact with the owner while buying a second-hand car. It will require good research while dealing with them. Ask them everything like the model, RC, insurance, loan, warranty etc. to make sure everything is right. Also, ask for a driving test before closing the deal.

Online and offline classifieds-

There are many online and offline classifieds you can take help from. The online classifieds are a real-time saver and will help you to get the best deal. All these portals are not clearly reliable so make sure to do the right research. Ask for all the documents to check the authenticity of the vehicle. Check the exterior and interior of the car before making the decision.

Local pre-owned car dealerships-

You can consult a local dealer or a mechanic or a spare part dealer. They have contacts and act as an intermediate between both parties charging a certain amount of commission.

Car manufacturer’s used car division-

Many car manufacturers have a separate used car department or division. This is also a reliable platform to get a luxury car from. This is a safer place to get a car as they will give you all the warranty coverage, making it the right option for you.

Conclusion

So above are some of the other platforms where you can hunt for the 2nd hand luxury cars. Although online platforms are always preferred over others. Make sure to do a pre-purchase inspection to check the scratches, tyre condition, battery condition, headlights, wipers etc. The online vendors will send the car to your place as well for a test drive. If not, you can visit their place for the same. Make sure to be clear with your budget and ask for the car loan facility. Clear all the things in advance to avoid any kind of hassle in the future. Verify all the documents personally including RC, insurance certificate, PUC certificate, no objection certificate and road tax payment receipt. It is better to double-check everything on your own. Never ever skip on the test drive and close the deal. Do a proper test drive and try all the features as well to get a better clarity.