Checklist For Buying Pre-Owned Cars

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Potential buyers have the option of buying a pre-owned car or buying a brand new car. The choice of a potential buyer depends on his budget, finance options and personal preferences. Buying a pre-owned car is a bit different from walking into a showroom and buying a new automobile. While buying a pre-owned car, some important aspects are overlooked by the buyers. Here is a checklist of some important parameters that potential buyers should keep in mind while buying a used car.

Budget: Before searching for pre-owned cars it is important to keep in mind the estimated budget. Auto experts recommend that buyers keep at least 20% buffer on the budget for negotiation. Determining the budget helps the buyers to shortlist the automobiles that fall within their affordability.

Car Type: One should list at least two to three different brands, models and makes of cars. For example, if a customer is planning to buy a pre-owned sedan in a budget of around 2-3 lakhs then he can opt for Hyundai Accent or Ford Fiesta. You should also take into account the year in which the car was manufactured.

Inspection: Buyers should take the time to inspect the car after deciding on the type and model of the car. The exterior of the vehicle should be noted for any scratches, dents or patch work. It is best to take a local mechanic along for inspection. The car should also be inspected for any signs of rust or corrosion. After inspecting the exterior, one should also inspect the interior of the automobile. Stained car seat covers or an old music system can be a strong point for price negotiation. Electrical fittings and instrument cluster should be closely inspected. Do not forget to inspect the engine of the car.

test drive: Once the inspection is completed satisfactorily, the buyer should insist on a test drive. At least thirty minutes should be given for test-driving the vehicle. The vehicle should be driven on various scenarios to understand the performance and efficiency. Watch for any unusual noises or vibrations during the test drive. Test drive also helps to check the functioning of the odometer and air conditioning system.

Document Verification: Every buyer has to verify that the seller has valid documents of the car. Ask for the purchase agreement, loan agreement, car registration documents and insurance related documents before negotiating the price. Buy the vehicle only when the seller presents all valid documents.

last but not the least; Don’t forget to negotiate pricing or terms to get the best deal.

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