How to Ensure Profitable Buying of Second Hand Car?

Buying a second-hand car? This is a smart decision as it would save a lot of money. It is also important to understand that the rights of buying a second-hand car are same as buying second hand car.

There are certain differences between the two transactions. The buyer may face certain problems due to certainly hidden faults with the used car. If you find the vehicle faulty, it is better to make a complaint. This can be done with respect to the make and age of the vehicle you have bought. You can also use the description offered by the seller and the price you paid for buying the car.

One of the most important things to do is to legally transfer the car and then register it to your name at the time of sale.

Transfer of the Car

When transferring the ownership of the car, you must revive the certificates listed below from the seller:

– Form No 28

The certificate is the proof of application for ‘NOC’ (No Objection Certificate). It is mandatory when the buyer resides in some other state.

– Form No. 29

The certificate is concerned with the notice of transfer of the ownership of the vehicle.

Other Certificates

Some of the other papers you should use include:

• Original copies of the insurance policy
• Car registration certificate
• Photocopy of the delivery note

You should also take care of any valid warranty papers available or service history records that can facilitate better maintenance of the vehicle by the new owner. Make sure the seller gives these documents to you.

Keep all photocopies of Form 28 and Form 29. These should be kept in a safe place for further evidence. Retain all copies of the insurance policy and registration papers. When making a deal, the seller should sign all transfer papers of the car and deliver the car only once all necessary documentation is complete and receive the full payment.

In case, the payment is being made through a cheque, make sure you transfer all papers only once the cheque has been cleared. In case, you observe any issue with the car, make sure you act as fast as possible. If possible, act soon after purchasing the vehicle. Do not ignore this fact as the claim will depend entirely on the condition of the vehicle once it was sold.

Your rights as a used car buyer will entirely depend on whether you purchased the car from:

Making a Deal with Dealer

When buying a used car from an authorized dealer, you will get maximum protection from the law. While making a deal, you need to check whether or not the dealer possesses the right to sell the car. Also, he should be ready to sort out issues when the car fails to meet all basic requirements. As per the latest car news & reviews in Hindi online, usually, the dealer is liable for any fault in the car that was present at the time of sale. On the other hand, the dealer will not be liable when there is any wear and tear out of the normal use of the car. It is important to know that the law prohibits the dealers from the following mentioned below:

• Acting aggressively
• Giving any false information
• Giving insufficient information

Buying from a Private Seller

This process is certainly cheaper. However, this is known to be riskier. Avoid making a cash payment. Experts warn that there are chances of no come-back of your money, in the event, something goes wrong. The best thing to do is get a banker’s draft. It is a perfect way to let you bypass the risk. Any genuine seller will be very happy to go for this option.

Buying Online

Worried about buying online? Well, you shouldn’t! When buying a pre-owned vehicle over the internet, you enjoy similar rights as you would enjoy when buying a used car in person from a dealer. However, you need to check the documents listed below when entering into a deal:

• Insurance
• Car purchase invoice
• Registration certificate
• Road Tax receipt
• From 32 and 35
• Service Book

Read Also: 5 Tips and Tricks to Buy Genuine Auto Parts Online