(OLX CAR) Buy Used Cars India - Home Page (Complete Check list Included)

OLX CAR Here’s a fact. For every three new cars sold in India, there are about four used ones that exchange hands. As you can imagine, the ...

OLX CAR Here’s a fact. For every three new cars sold in India, there are about four used ones that exchange hands. As you can imagine, the used car market is thriving, and how. The reasons to consider going for a pre-owned car are centred around, but not limited to, how much financial sense they make. With new cars losing value literally the moment they roll out of the showroom, you can save big money by even going for a car that’s just a few months old. For others, the decision to go for a used car opens the doors to multiple options to suit a limited budget.


A Used car Purchase involves a 

  • Thorough Inspection of Engine, Suspension, Tyres, AC
  • Service History in Past, Wear & Tear Items been replaced
  • Test Driving and Experiencing the feel, feedback, Noise
  • Accidental History, Repairs, Documentation Check up for RC Transfer
  • Rule out Tampering of Odometer Reading, Price Negotiation
A rapidly growing market for new cars can only mean one thing: a rapidly growing market for used cars. Buying a pre-owned car makes a lot of sense even if it isn’t as straightforward as buying new. Peace of mind is hard to find while shopping for a pre-owned car and the chances of getting fleeced are high.
  1. • History: It’s best to choose a car with a fully documented service history. A car that has been maintained exclusively at a single authorized service station should score very high on your rating. A good way to find out about previous accident damage is to contact the seller’s regular service station or insurance company.
  2. • Certified Cars: Some car manufacturers and dealerships offer certified used cars. These pre-owned cars go through detailed checks where defective and worn-out parts are replaced. A well refurbished certified car may well be worth the extra price, but some dealers only perform superficial work and have been known to commit petty frauds like odometer tampering (related thread).
  3. • Warranties: Some dealerships offer warranties on their used cars. Try to get as much information as you can about the warranty coverage, duration and other terms and conditions.
  4. • Great unpopular cars: Many reliable cars just weren’t popular when they were new; in the second-hand market these are often great bargains. The fifth generation Honda Accord and Fiat Palio 1.6 are just two of the many bargain models available.
  5. • Never buy a modified car: You can be certain a modified car was driven “enthusiastically” by its previous owner and there can be uncertainty about the quality of the modifications. Walk away from any highly modified car.
  6. Avoid certain discontinued models: Cars like the Opel Astra and the Ford Escort suffer from an inconsistent supply of spares, high maintenance costs and terrible resale value. Don’t even consider buying a car whose manufacturer no longer exists (Peugeot 309, Daewoo Cielo, etc).
  7. • Repossessed cars: A car that has been repossessed by a finance company is bad news. It will be difficult to procure the Certificate of Registration and the original owner may make trouble even if you do get the car transferred to your name.
  8. • Lightly used cars: A car that is ten years old with only 30,000 km on the odometer is probably not a good buy. Cars are built to run and long periods of inactivity cause problems.
  9. • Repainted cars: A car less than five years old that has been repainted should prompt questions. Was it because of an accident or was it just for cosmetic purposes?

Another Small Checklist: If you are using OLX car

  1. Check your Requirement. - Hatchback or Sedan or SUV.
  2. Know about the Maintenance cost of the vehicle - Maintenance includes Yearly / Mileage based. Example: If you take Maruthi Swift - Maintenance cost will be 2500–3000 per service. If you take VW Vento - It will be 13000–15000.
  3. Decide whether you need PERFORMANCE or FUEL ECONOMY.
  4. Most importantly check SAFETY FEATURES. Even you are a beginner / only city driving, Please prefer ABS, ESP and AIRBAGS. It really saves you in the event of a collision.
  5. Check Insurance cost and plans. You should buy insurance every year.

SellerCondition of CarNegotiation
IndividualMost of the cars sold by individuals are sold on As-Is basis without any work performed on the car.Unlike dealers, individuals don’t have any overheads like manpower, inventory carrying costs, etc.Firstly, check if the asking price is in line with the market, then start negotiation.Your starting point of negotiation should be 30-35% lesser from the asking price. The negotiation should end somewhere around 20-25% lesser price from the asking price.
Used Car DealersUsed car dealers invest in the car, perform some minor mechanical repairs and cosmetic upgrades. However, they generally are not registered under sales tax (VAT).There is a room for 15-20% negotiation, as dealers want to recover their overheads and earn some margin.
Certified DealerCertified dealers do a thorough job on refurbishing the car both mechanical parts and cosmetic, they also offer warranty and after sales services. Further, most of these dealers are registered under sales tax pay VAT.Certified Cars typically go at a premium of 5-8% compared to a normal used car sold by the dealer. This premium is mainly towards the refurbishment, warranties, after sales services and taxation. Note that buying used car is not the end of journey but a beginning, and you will need after sales service if something goes wrong. There is still a room to negotiate up to 10-15% in case of certified cars.
Once the deal is done, initiate all the paperwork to transfer the vehicle to the new owner’s name. Make sure to collect the previous owner’s registration in order to be able to legally confirm vehicle ownership.



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Today's Latest news, Know What's happening in India- with Timesnowindia.com: (OLX CAR) Buy Used Cars India - Home Page (Complete Check list Included)
(OLX CAR) Buy Used Cars India - Home Page (Complete Check list Included)
Today's Latest news, Know What's happening in India- with Timesnowindia.com
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