Auto Loan - Your Checklist for Buying up a Pre-Used Car
Thinking of buying a Pre-Used Car?
With
new cars whizzing into the market ever so often, a pre-used car is a great
choice. Make sure you pay attention to a few things before you set your heart
on your chosen vehicle.
Car
Documentation
Whether you end up using your car
within the city or across states, it’s always advisable you have a fully
documented service history. A car that has been regularly serviced at an
authorized service station should make it to the top of your list.
Additional
Checklist
You might want to make sure of
some other key documents: RTO Tax Receipt, Registration of the Car, Insurance,
Original Invoice, and Finance NOC (to make sure it is a genuine NOC and confirm
there is no outstanding loan on the car). Remember, a pre-used car purchase
requires a little more attention than buying a new one.
Kilometre
cross-check
A common pitfall with pre-used
cars, even when it is a certified used car, odometer tampering is something you
should look out for. Compare the kilometre distance on the odometer with the
vehicle’s maintenance and inspection history. Additionally, there are service
station stickers you can countercheck with, which includes the kilometre count.
Repainted
Cars
While a nicely painted car may
instantly impress you, be careful especially if it is less than 4-5 years old.
Painted cars could mean there was an accident and it was retouched or even
heavy rusting especially if the car was in a coastal area. It’s a great idea to
take a trusted mechanic along with you during a detailed car inspection who
would notice mechanical irregularities better.
Buying a pre-loved car can be a
great experience. Being alert and doing your research work beforehand will only
make it a more enjoyable one. All set? Compare great offers on Used Auto
Loan (and New Auto Loan too!)
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