Some people are fond of cars, and they love to change them after a certain period. It is not always possible to have a budget for a new car, so they opt for a second-hand car to fulfil their desires. This option is cheap as well as convenient for them. However, it also comes with some amount of risk and the cons attached to it. Unlike a new car, it requires a lot of research and inspection in order to avoid the extra cost of repairs.
Tips To Consider While Buying An Old Car
Buying an old car may save a lot of your money in the first go but in the long run, would demand a lot for repairs and maintenance. It is advisable to check the following details and specifications before making a final purchase:
- Decide your budget beforehand: Even if you opting for an old car, it is still important to set a budget before exploring the market. If you start searching for a vehicle without a budget, you will then again have to come back and determine it, so it is advisable to do your estimation beforehand.
- Know about the owner: Having the information about the owner of the vehicle is as important as knowing about the vehicle itself. In case the owner has some criminal or fraud history in correlation with the car then you will fall into a false case without your knowledge. So it is important to know about the person from whom you are acquiring your car.
- Ride and test the vehicle personally: Do not take the car with just viewing the outer appearance and good condition. It is advisable to ride and check the car personally in order to find out if all the parts are in working condition and there is no issue in any technicality or machinery of the car.
- Analyse the vehicle history: It is very important to check about the history of the vehicle as sometimes it may have been involved in some fraud cases or the machinery would have turn scrap. You can check the vehicle history by knowing the car’s identification number.
- Check the papers: It is mandatory to have car papers with you in case you are caught or involved in any police case. Even in normal days, it is advisable to keep a copy of your legal papers inside your car. It should include:
- Invoice: It includes original engine invoice number, date of delivery, Chassis invoice number, etc.
- Tax book: Once in the life span of your vehicle, you need to pay the RTO tax.
- Certificates: It is mandatory to have a PUC (Pollution Under Control) certificate. It has to be renewed every six months.
- Check the insurance policy: It is mandatory to have a car insurance policy for the vehicle. It is advisable to ask the owner if the vehicle is covered under insurance and if not ask him to cover the same before you purchase. You will need both own damage and well as third party liability insurance.
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