Some tips for buying a used car
Having finalized the car of your choice, now comes the main part of checking the car and its documents. You should spend some time checking the following things
The first parameter is the year of registration of the car. A 3-5 year old car that has traveled 14,000 to 18,000 Km a year are prime buys.
Check the Odometer reading of the car and calculate with the year of manufacture. Important thing to remember is that there is a possibility of Odometer tampering irrespective of a mechanical or electronic odometer.
Check the engine, it should be smooth starter. A well maintained engine would not produce any unusual noise and emit blue or black smoke while accelerating. Also check for oil spouting from exhaust.
If the Tyres are not in a good condition, there is a chance of bargaining for up to 1000 rupees. Look for the wear and tear and also the alignment. Check bushings, springs and sounds from the bearings. Wheel bearings can be expensive.
Check the bonnet and look whether the car has been repainted or not.
Check for acid wear and tear around the battery areas, it indicates the car has not been maintained by the earlier owner.
If the battery is not new, there is another chance of decreasing the price of the car by 2, 500
If the seller claims, there is an audio system in the car, check if its in working condition.
Check on electrical components, lightings and dippers, cabin lights, hind lights and reverse lights and their workings. Check the AC by taking a round in the afternoon, check how it functions with a/c on / off climbing a slope.
Regarding financing option for used cars it starts from min.15% upto 18% depends on the age of the car, if you like to calculate amortization schedule visit this site and jot down your numbers..
cybersteering FinanceWiz - Amortizaton