The number of people buying used cars in the country is increasing continuously, some people also buy a used car to improve their driving before buying a new vehicle, while some buy a used car due to budget constraints. . Well, whatever be the reason for buying these vehicles, whether the car is old or new, it is always dear to its owner.
Considering the popularity of this segment, nowadays many famous car brands have entered the used car segment, therefore, you have a lot of options. However, you need to be attentive and cautious while pursuing the options that we are going to talk about.
check car status
When you have chosen the car of your choice, arriving at a buying decision requires a lot of care. If you have a good knowledge of the technical aspects of the car, then you can get the vehicle checked yourself or you can take the help of a trusted mechanic. Although things may seem normal from the outside, the mechanic will be able to give you accurate information about the engine and other parts of the car.
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maintenance record
Some car owners carefully maintain servicing records. They also have the receipts and the dates noted. On the other hand, some owners don’t put too much thought towards maintaining records. They just keep a note in their mind of the visits made by them at the service center.
Talk openly with the owner about the car’s maintenance history. If you find the correct records, then you check it based on your usage. Whereas if you get an oral history, you can analyze the extent to which the car needs servicing.
Check Registration Certificate
Before buying a used car, check the registration certificate of that vehicle. Find the details of the car including the owner’s name, engine number, chassis number, etc. If it is duplicate, it will be marked as DRC (Duplicate registration certificate). In that case, talk to the seller about the DRC status and check in which state the car was registered. However, if you want to go to another state, the car has to be registered with the Regional Transport Office (RTO) of that state.
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Pay attention to insurance policy
When buying a second-hand car, the old car insurance needs to be transferred in the name of the new owner. If the seller does not actively do so, it is the buyer’s responsibility to transfer it. If the car insurance is not transferred to the new owner’s name and the vehicle is involved in an accident or other such unfortunate incidents, there may be legal issues. Therefore, one should always check the limits of insurance coverage before buying a used car.
Transfer No Claim Bonus
This point pertains to car insurance itself. NCB (No Clain Bonus) is a reward for not filing a claim during the policy term. Hence, it is known as No Claim Bonus (NCB). This bonus can get you a discount while renewing your car insurance policy. Such a bonus is attached to the owner of the car and not to the car. No Claim Bonus can be transferred from the old car of the owner to the new car of the same owner, but not from the seller to the buyer.
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