Buying a Used Car? 5 Preparation Tips that Help
Just saying ‘I want used car in Bangalore’ is not enough. You need to do some hard work at your end also to buy a second hand car. So what is it that you need to do as a buyer to buy a second hand car?
Budget and Finance
You need to first set a budget for yourself and think through the finances. If you are going to avail an auto loan then first calculate the monthly EMIs that you would end up paying and see if you can afford that with your monthly living expenses.
Type of Car
After the budget, you need to decide what type of car you want to purchase and will it fit in your budget. Think whether you want to buy a sedan, hatchback, or an SUV. You may have to increase or decrease your budget depending on the type of car you choose.
Type of Seller
There are many different sources from where you can buy a second hand car. You can approach an owner directly or you can walk into a dealership. You can also go to an OEM’s showroom for used cars or use the digital marketplaces for used cars. Each source has its own pros and cons. Consider each of them carefully.
Cross Check Valuation
Once you have selected a car and have got an asking price from the seller, you should ideally check the valuation yourself. Use the online calculators to find out what is an average asking price for your selected car.
Most of the used cars offered by dealers and web platforms are certified for usability. Try to find out who did the certification and where was the car inspected. Also find out the level of inspection that has been done for the car.