Buy Used Cars in Bangalore (Avail 90% Funding)

1. Selecting The Car

A very crucial aspect of buying a second hand car is car selection. Consider your lifestyle and need to choose a car that suits you. For example – a big SUV may not be the most apt choice for your daily commute if you are single. A compact sedan for a family of 6 that’s fond of those long drives isn’t the best choice, either.
Much like buying a new car, a thorough study of your needs should be done well in advance when buying a used car.

2. Testing The Car

Okay, so you have found a used car that you like and want to try it out. Conduct a thorough test drive, checking the engine, gears, steering, brakes, and other components. By taking a test drive your senses perceive what all you need and what all the car offers.

Let us guide you through the finer points of taking a test drive:

• A test drive should be long enough to tell you about the working condition of a vehicle, insist on driving for at least 5 kms through various types of roads to understand the car and your comfort.
• The car should start instantly and there shouldn’t be any strange noises apart from the hum of the engine.
• Gears should shift smoothly and upon releasing the clutch the vehicle should move forward without jerks.
• The steering should not vibrate. If it does then there is a major problem.
• The brakes should also slow down proportionally to the force applied to them and this should happen in a straight line, the car shouldn’t move sideways. If it does then the car has a major braking issue.
• Lastly, check for oil leaks from the engine and the gearbox. Park the vehicle on clean ground and check if anything has leaked or not. If it has then there are issues that need to be looked into.

3. Do A Pre-Purchase Inspection of Used Car

• Examine relevant documents, such as registration, insurance, pollution certificate, road tax clearance, loan Clearance and conduct a short inspection of the car.
• Check the meter reading: a 5-year-old car with a run of 30,000 – 40,000 kms is the best vehicle to own.
• Check the body: there shouldn’t be rust anywhere. If there is, then it would be wise to call the deal off.
• Start the engine and check the exhaust: there shouldn’t be emission of blue or black smoke upon acceleration nor should there be oil spouts on the exhaust.
• The tyres should be in top condition; if they aren’t, then you have got scope for a bargain.
• The wheels should be properly aligned: at speeds of 10-20 km on a vacant stretch of land, if you leave the steering wheel, the car should move in a straight line. If it goes sideways, the alignment is haywire.
• The suspension should provide a noise-free and comfortable ride: Give an eye to the shockers, suspension springs, and bushings, there should be no leaks.
• Check the battery and signs of acidic wear and tear near it. If the battery is close to expiry and is ill-maintained, you can bargain more.
• Check whether the AC is working properly or not. Cooling should be gradual and upon an increase in levels, the cooling should also increase. Drive the car up on the slope to check the efficiency of the cooling system.
• Check all the lights, dippers, hazards, indicators, brake lights, headlamps, and reverse lights. They all should be in top working condition.
• Electrical components like OVRMs, electric rear-view mirrors, and the music system should function properly.

4. Do A Thorough Document Check

Ensure you have all necessary documents, including the Registration Certificate, Insurance, Pollution Certificate, Road Tax, and No Objection Certificate (if applicable).

• Registration Certificate: This document proves that you are buying a used car from a registered buyer and it is not a fake or a bogus purchase. That being said, you should always inquire about the veracity of the RC. The engine and chassis no. on the RC should match with those on the vehicle.
• Insurance: The insurance can tell a lot about the vehicle and you can check it for past accident claims. This is a very important document for transferring ownership.
• Pollution Certificate: The PUC or pollution under control certificate is required for ascertaining the fitness of a car and is required in ownership transfer.
• Road Tax: Although the road tax is cleared during the time of purchase, if in any case it hasn’t been cleared on the used car, you can bargain for the price.
• No Objection Certificate: Issued by the finance company, this certificate states that all payments towards the loan have been cleared and the financier has no claim on the car.

5. Explore All Payment Options

Consider financing options, comparing interest rates to find the most suitable one.

• Test drive taken
• Vehicle checked
• Documents checked

So, you have checked everything and want to Buy Second Hand Cars in Bangalore through a loan. Let us help you out.

With used cars you will have to consider the high interest rates that banks and NBFCs offer, but you can compare them and choose the one that suits your budget the most. Good upfront payment can ensure lower interest rates which would be easier for you in the long run. Buying used cars from online dealerships like Apnacar has perks of its own as they provide assistance in availing loans for your used car purchase.

6. Transfer Of Ownership Documents

After making the payment, complete the transfer of ownership documents, including the original Registration Certificate, sale transfer forms, chassis number imprint, and notarized insurance papers.

1. The original registration certificate (RC) is required to be submitted to the RTO. If the car was purchased by a loan then a NOC along with form no. 35 would be required to be submitted to the RTO to confirm that the financier has no claim on the car. NOCs are usually valid 60 days from the date of issue.
2. Sale transfer form nos. 29 and 30 from the RTO need to be signed by both the buyer and seller in duplicates.
3. Vehicle chassis number imprint.
4. Notarised insurance papers, along with identity and address proof of both the seller and buyer. An affidavit may be required if the seller’s address doesn’t match with the proof of identity.
5. Notarised copy of your PAN card or form 60.