Step-By-Step-Guide to Buy Used Cars in India

Buying used cars can get confusing with a lot of people suggesting many different things. The mind gets bogged down by a number of different questions. Which car to buy? Which model should you choose? How will you arrange for finance? How to determine the condition of the car? – These factors give a lot of tension. The most important step before buying a used car is to check out the valuation of the car so that you don’t end up buying an overpriced vehicle. A number of factors influence the used car prices.

The manufacturer brand has an important impact to determine the value of used car prices. There are certain brands for which their cars fetch a higher resale prices than the others. The segment of the car also plays a vital role. Higher the segment lesser will be the used car prices. For example, the value of a second hand hatchback will be more than a sedan. The location factor also plays an important role in the valuation of second hand cars. Cars have their own set geographical range like certain cities or towns in which they are more popular. There are certain models which are famous in a particular area but they may not be the favorites in the other areas. A car sold in its favorite area will fetch a higher price naturally.

Clear and upto date paper works also ensure a high value. The insurance, the banking updates for any sort of loans, the pollution control checks, the chassis number registration and the ownership details, the maintenance details are very important for fetching higher used car prices.

The number of previous owners that a car has also influences used car prices. It is inversely proportional which means the increase in the number of previous owners decreases the price of the car. The distance travelled by the car is another important parameter which is judged for used car valuation. The used car prices decrease with the increase in the number of kilometers travelled. Fuel efficiency is a very important factor and as the mileage goes down the price goes down as well.

Age of the car is a very important aspect which decides the value for used cars. With increasing age the used car prices also undergo depreciation. Every other day the automobile companies are coming up with new models. So the older the car becomes, the more outdated it becomes. Moreover, many a time older models face a problem with the spare parts availability as companies stop their production. The age of the car also influences its drive quality as well. The speed lag, the suspension, the underneath and the cornering are the drive-abilities. The noise of the engine also an important as it generally tells us a lot about the health of the engine. Various car functions like the AC functions, the central-locking system, the power windows, Lights, indicators, steering, door-locks, and the braking abilities – all of these highly influence the used car prices. Like the interiors, the exterior can also be checked for painting, dents and rusts etc. A car with a good first impression will always garner a higher resale value.