Things to Check While Buying a Second Hand Car in India

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Are you planning to buy a second-hand car? Don’t forget to Check these 5 things before buying a used cars in India.

When you are buying a second hand car you need to make sure that you get all the papers inspected thoroughly along with the vehicle itself. As far as the car is concerned, you should get a mechanic whom you trust to inspect it completely. This would make sure that either the owner fixes the issues with the same or it helps you negotiate a lower price. There are a few factors that you need to keep in mind specifically for the purpose. Always check the insurance papers of the car. This would help you find out about the damages and accidents suffered by the car in its lifetime.

4 Things to Check When Buying a Used Car

Make sure that the chassis and engine numbers are matching the corresponding figures on the registration certificate of the vehicle. You need to do this before you buy the car. Verify all its filters. If you have to change them do so. Examine the brakes properly. For that, you would have to drive the car at around 50 kmph (kilometers per hour) in an area with negligible traffic. You also need to be careful in analyzing the tires of the same. Look at the area under the hood. So, you now know what to check when buying second hand car.

1. Transferring Registration Certificate (RC) of Used Car in your name 

Do you want to know how to buy second hand car without making any glaring mistake? Then transferring the RC (registration certificate) in your name is something that you must never forget to do in this case. To complete this particular task you would have to first fill up forms 29 and 30 issued by the RTO (Regional Transport Office) of the jurisdiction where you are living right now. You need to get the form signed by the previous owner as well. Is the car registered in another jurisdiction? Then you need to get an NOC (no objection certificate) from the RTO in that jurisdiction.

This will help in making the process get over quicker. So, if you are looking for answers to the question – what should I look for when buying a used car – this is something that you must keep in mind as well. It would get the transaction registered as well. Once you have submitted the necessary documents the transfer would be initiated by the RTO. It would provide you with a receipt within 15 to 18 days of the submission. You would get a copy of the RC with your name on it within 40 to 45 days.

2. Changing the Second Hand car insurance in your name

This is an important part of the process of how to buy a used car. Having a proper car insurance policy is just as important as getting the RC transferred to your name. If you have transferred the RC to your name and the policy is still with the old insurer then the insurance policy would become null and void. So, you must transfer the policy in your name after you purchase the second hand car. There are three ways in which this can happen.

You can change the name in the policy held by the previous owner. This would be a lot similar to the process of transferring the ownership of the vehicle. Perhaps the earlier owner does not have any insurance on the car. You would be surprised to know that there are indeed some people in India who do not insure their cars despite the laws to the effect. You can also buy a new policy in your name. When you are buying a second car this is something that you must not miss out on at all.

3. Transferring the No Claim Bones (NCB) 

If you want to know what to check when buying second hand car its NCB (no claim bonus) would sit right up there as one of the most important factors in this regard. The only thing is that it would not come to you – it would stay with the earlier owner of the car. The reason for this is the way this particular system works. Here NCB is provided not to the vehicle but to the person who is operating the policy. The old owner can easily use the NCB on another car while you have to settle the difference by yourself with the insurer.

Do you want to know how to buy second hand car properly? Then this is something that you must know as well. The NCB thing here means two things. First, you would not get the NCB of the earlier owner. However, if you have any NCB from the past you can use it in this case just like the person you bought it from can use it for another car that they buy later on. Please remember that these NCBs are valid for three years. However, if your NCB amount is more than what your seller is getting you would not get the refund.

4. Fixing and cleaning the car before you drive it for the first time 

When you are buying a second car you already might be excited at the prospect of being able to take it out for the first spin. However, before that, there are a few things that you have to keep in mind. You must clean it up thoroughly. This means that you need to clean up both outside and inside the car. It does not matter if it is a used car.

It must be shining like a new one when you take it out for the first time. You also have to get the fluids changed. Always remember that the quality of your maintenance would determine how long your car lasts and how well it fares in that span. It is also possible to do quick fixes in these cases. If you see any signs that water is entering the car through cracks or that there is any rust you must get them fixed as soon as you can. So, let your experience of buying a second car be a great one with all the knowledge that we have provided you with over here.

Also Read:

Does It Make Sense To Increase The IDV Of Your Car? | Cheapest Car Insurance In India | Claiming Car Insurance After an Accident

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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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