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Old 7th November 2012, 15:05   #271
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Default Re: ARTICLE: How to buy a *USED* Car in India

Dear All,

Came across this infographic on netcars.com. Most of these are already discussed on the forum and reiterated as well. But still, I hope this helps.

This infographic was written/made for UK. Goes without saying that please disregard the irrelevant information.

ARTICLE: How to buy a *USED* Car in India-howtobuyausedcarnetcarsdotcom.jpg
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Old 12th November 2012, 22:26   #272
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Default Re: ARTICLE: How to buy a *USED* Car in India

I went through the complete How to buy and How to sell used car threads today...There are lot of good information here, but unfortunately couldn't find my question discussed anywhere..hence posting it

I am in search of a 'good' used car for last 3 weeks. Like many other fello bhpians mentioned, met lot of characters, lot of high expectations.. to name a few.. new Indica vista VX diesel costs 6.7L onroad in bangalore, but 6 months old 15000 km ran vehicles is up for sale @ 6.4 L (fixed), 2012 ford figo tdci ZXI onroad costs around 6.9L vs 2.5 yr old 25K driven vehicle demands 5.75L. I used mostly online individual ads as source of my search.

Today I saw a 10 month old car with just 5000 km, the car is in mint condition. Liked the car and agreed on the price. Owner said he has a car loan and needs me to make part of my payment towards the loan so that he can close the loan and initiate the ownership transfer. He is also not very used to the selling procedure. The question is what is the procedure I should follow to make sure that my side is safe. I really liked the car and dont want to miss this one because of any formalities. He do not have cash to pay the off by himself.

I checked with a RTO agent, and he suggested the following procedure.
1. Make a DD directly to the sellers loan account for the remaining amount. This way the seller cannot use the money for anything else. Get the necessary forms signed by seller and take possession of the RC book while giving the RC book, but leave the car in sellers custody. Get a sale agreement signed with details.
2. Once the NOC from bank is ready, pay the remaining amount and get the NOC, take possession of the car. Go to RTO and do the transfer formalities.

I am sure many of you would have experienced this kind of a situation before hand. Let me know your feedback.

Note: Neither I am planning to take any loan nor planning to transfer the loan. I have no way to check the background/credibility of the seller, but he seems to be genuine. My knowledge about him is only the 30 mts I spent with him.
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Old 12th December 2012, 14:17   #273
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Default Re: ARTICLE: How to buy a *USED* Car in India

I have a tempting offer from a Toyota car dealer for a Used Vento AT of 2011 in Mumbai. The cars are Pune registered and are registered to VW the company itself. The dealer claims they bought it at a bidding process held by VW. The dealer has 2 of them to offer. The company warranty has 10 months remaining on it. Wonder if these were test mules, or cars used for test drives. Is there anyway I can check? What got me thinking was 3 different Salesmen from the same dealership called me over 2 days, and when I said I can visit them only on the weekend, they say that the cars will sell like hot cakes. Thoughts? Suggestions? Anyone else interested to check them out together?
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Old 12th December 2012, 14:59   #274
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Default Re: ARTICLE: How to buy a *USED* Car in India

Quote:
Originally Posted by arjithin View Post
I am sure many of you would have experienced this kind of a situation before hand. Let me know your feedback.
Hello,

Since the Car is taken there will be Hire Purchase / Lease entry on the RC Book / Smartcard in name of the Car loan company.

First check whether Car Loan company will accept payment for you, for a Car registered in someone else name. Then once the Loan is repayed & foreclosed Car loan company will issue Loan Closure & NOC certificates to original owner who will have to sign them & hand it over to you. These papers will have to be submitted to RTO for transferring the Car to your name.

My suggestion will be to insist the current buyer to pay off the Car loan with his own money, rather then you paying in advance & then taking the delivery of the Car at a future date. Because the car loan foreclosure procedure involves many procedures & documents. Even if you have to pay little more price, it will be fine, rather than you getting into all these.

Quote:
Originally Posted by kmadhok View Post
I have a tempting offer from a Toyota car dealer for a Used Vento AT of 2011 in Mumbai. The cars are Pune registered and are registered to VW the company itself.
Hello Kmadhok,

Well these can well be Test Vehicles of the company / showroom. What are the ODO Reading on these Cars. Even if they are Test Vehicles, they are sure to be well maintained by the company itself.

Also if the price is tempting, I feel it is better to buy these Cars rather than buying from the used car dealer, where the previous ownership of the car is not known.

Thanks,
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Old 12th December 2012, 17:18   #275
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Default Re: ARTICLE: How to buy a *USED* Car in India

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Originally Posted by Jignesh View Post
Well these can well be Test Vehicles of the company / showroom. What are the ODO Reading on these Cars. Even if they are Test Vehicles, they are sure to be well maintained by the company itself.

Also if the price is tempting, I feel it is better to buy these Cars rather than buying from the used car dealer, where the previous ownership of the car is not known.

Thanks,
One has 12K on the ODO and the other has 25K on the ODO. But being company cars was wondering if they would disconnect the ODO, or reset the mileage on the cars. Can this be done on cars which have the an electronic ODO?
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Old 12th December 2012, 18:06   #276
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Default Re: ARTICLE: How to buy a *USED* Car in India

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Originally Posted by kmadhok View Post
One has 12K on the ODO and the other has 25K on the ODO. But being company cars was wondering if they would disconnect the ODO, or reset the mileage on the cars. Can this be done on cars which have the an electronic ODO?
Yes. ODO meter can be tampered in both Electronic & Analogue meters.

In Used Car market, the most important thing is you will have to trust someone, somewhere. Because ultimately we are buying a used car & will have to keep our fingures crossed on some check points that can never be confirmed.

In my experience, I have seen used car dealers doing all this tampering rather than Company people. This is so because the Company has already claimed depreciation & other benefits on these vehicles, & just because they do not need them they are selling them off at throw away prices. Afterall they are not individuals who will try to get maximum possible price for their Car. They generally have a system where 4 or 5 fixed used car dealers (who are generally linked to few people in the company) come & inspect the car & submit their quote. On receiving all the quotes Company sells the Car to highest bidder. They do not have time & patience to advertise on general used car websites & entertain hundreds of individual buyers (like you & me ) & answer their unending queries.

If your budget permits, I will suggest to go for the Car with 12k on the ODO & leave the rest on your luck.

Thanks,

Last edited by Jignesh : 12th December 2012 at 18:11. Reason: Infomation added
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Old 16th December 2012, 23:48   #277
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Default Re: ARTICLE: How to buy a *USED* Car in India

All right, I have a funny question. I figured this would be the best place to ask:

I was looking at used cars, and I've completely lost my heart to a car in a second-hard car showroom here, but here's the thing - this car is a Toyota Lucida. Obviously imported - the car is not sold in India. It is a 1996 model, and is owned by some big shot with a fancy number plate - "1" or something.

The car has run around 1 lakh km and the price being quoted is 7 lakh (negotiable).

The biggest problem with this car is going to be maintenance, IMO. The salesmen claim that the Toyota guys here can take care of the vehicle, get it serviced, etc. Personally I am skeptical about the availability of parts etc. I think it is going to be a devil to maintain.

So team-bhpians - what is your advice? Waiting to hear your opinion on this.
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Old 22nd December 2012, 17:26   #278
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Default Re: ARTICLE: How to buy a *USED* Car in India

guys....
am looking at pre owned cars to replace my 2009 swift ldi run 52000 kms

have come across optra TDCi , 2007 LT model run 55k kms for 4.25 lac.Will this be a good buy?
have also come across a 2009 i20 magna abs crdi model run about 49k kms for 5 lac.
wouldnt like to spend more than 5 lac as iam on a tight budget

what will be a better buy?
both cars feel food to drive except that the optra dashboard has the ABS sign glowing
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Old 27th December 2012, 09:27   #279
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Default Re: ARTICLE: How to buy a *USED* Car in India

Hi,

I didn't know where to put this question. So asking it here. I have been looking at second hand cars online. One thing I have noticed is the price difference between cities. Especially Bangalore and other cities. Why are second hand cars so expensive in Bangalore?

For example,

A Maruti Zen (old), 2000 ish model, would be quoted somewhere around 1,00,000 lakh or lesser in Delhi and Mumbai.

However, in Bangalore i see quotes of 1,50,000 and higher.

What accounts for the difference of 50,000 or mostly more between other cities and Bangalore?
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Old 27th December 2012, 10:51   #280
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Quote:
Originally Posted by kmadhok View Post
One has 12K on the ODO and the other has 25K on the ODO. But being company cars was wondering if they would disconnect the ODO, or reset the mileage on the cars. Can this be done on cars which have the an electronic ODO?
Hello there,

Don't run a risk with the Germans. Would have been different had this been a Japanese vehicle, say, Honda and the likes

Hello Folks,

Days ago, I came across a Jan 2011 22k run red civic vat on carwale for 8.25 negotiable. Needless to say, got lapped up within a few hours. Hours!! I reached home from office and it was already gone. Sweet deal for whoever bought it, I must say!

Just makes me wonder if there was something amiss here. Or was it the sheer good luck of the new buyer

Last edited by MetalBuff : 27th December 2012 at 10:52.
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Old 27th December 2012, 10:55   #281
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Default Re: ARTICLE: How to buy a *USED* Car in India

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Originally Posted by lobojames9 View Post
One thing I have noticed is the price difference between cities. Especially Bangalore and other cities. Why are second hand cars so expensive in Bangalore?
Hello Lobojames9,

One reason for Price difference is demand & supply situation which we all understand.

Another factor is Taxes. In Delhi & other Union Teritories, the Taxes on new Car are lowest, while the same taxes are highest in Banglore & Hyderabad. Thus if you calculate on-road price of any new Car it will be highest in Banglore / Hyderabad & lowest in places like Delhi, Daman, etc.

Also, when it comes to places like Bangalore & Pune, at any given point of time there is huge number of migrant population (mainly IT professionals) who want to buy used Car for their 1 / 2 years stay in these cities. Thus cheap used cars are in huge demand here, which further drives the prices on higher side.

Quote:
Originally Posted by MetalBuff View Post
Just makes me wonder if there was something amiss here. Or was it the sheer good luck of the new buyer
Hello Metalbuff,

It could be anything, but let us assume that in this case it was sheer good luck of the used car buyer.

I have seen 2 years old Maruti SX4 in top notch condition being sold for Rs. 3.5 lacs (as the owner was going to US & was in a hurry to sell the Car) & I myself have been unlucky in buying a used WagonR (it had a water leak problem, which never got solved) which was offered to me at a very low price.

Thanks,

Last edited by Jignesh : 27th December 2012 at 11:00. Reason: Information added
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Old 29th December 2012, 16:26   #282
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Quote:
Originally Posted by Jignesh View Post

Hello Metalbuff,

It could be anything, but let us assume that in this case it was sheer good luck of the used car buyer.

I have seen 2 years old Maruti SX4 in top notch condition being sold for Rs. 3.5 lacs (as the owner was going to US & was in a hurry to sell the Car) & I myself have been unlucky in buying a used WagonR (it had a water leak problem, which never got solved) which was offered to me at a very low price.
Hello Jignesh,

Man, I was crest fallen when I got to know, that Civic was sold. Being a mortal, the very first reaction was disbelief and then second; blame the seller stating "maybe" the vehicle had some niggle and so, was sold at a massive discount

I totally agree with you about the SX4 thing. However, this car car has totally lost it's sheen and hold in the used car market. Time and again, all that I hear is a certain SX4 going for cheap. Still not able to conjure why SX4 suddenly lost it's resale when it has so strong fundamentals!

As for your Wagon R, did you try going up to MASS to get the problem resolved? Will be worth posting it here, as our gurus will definitely help in taking it to a logical end. No harm in trying

Last edited by MetalBuff : 29th December 2012 at 16:30.
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Old 30th December 2012, 17:20   #283
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Default Re: ARTICLE: How to buy a *USED* Car in India

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As for your Wagon R, did you try going up to MASS to get the problem resolved? Will be worth posting it here, as our gurus will definitely help in taking it to a logical end. No harm in trying
Hello Metalbuff,

I have already sold that WagonR long back. But I clearly told the Used Car dealer who bought my Car about the problems of the Car & settled for a lesser sale value.

I bought car during April 2010 & sold the same in May 2011, unfortunately I was not Team-BHP member then & could not take the opinions of the experts here.

When we first spotted the leakage in monsoons (June 2010) we approached the Used Car Dealer from whom we bought that Car & he guided us to his trusted mechanic. This mechanic changed a metal sheet behind the dashboard & re-fixed the front windshield glass (total expense Rs. 10,000). After this the leakage did not appeared for 2 months, but once again in September 2010 leakage started all over again.

Subsequently there were no rains & in March 2011 we approached the MASS (Chamunda Motors, Borivali) for regular servicing. But they spotted the damage to right apron (due to rust) & suggested us to get it changed as soon as possible. There were other small denting & painting work to be done & total cost was quoted approx Rs. 30,000. Now this car was November 2001 model & we bought it for Rs. 1,40,000 so there was no point in spending Rs. 30,000 on it. So we finally sold it for rs. 1,15,000 & bought a 2007 WagonR.

Thanks,
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Old 8th January 2013, 12:10   #284
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Post Re: ARTICLE: How to buy a *USED* Car in India

Hey Bhp-ians,

I have two options:

Buying a new vehicle ( diesel preferred since i feel the petrol prices will go through the roof of heaven itself ) or go for a used diesel (manza @ 4.5 (has 33k on the odo) ). I would appreciate your inputs regarding this.

Mods: I am currently in the process of familiarizing myself with the forum, so please do help me out in an event that i do cause a violation unknowingly.
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Old 8th January 2013, 15:00   #285
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Buying a new vehicle ( diesel preferred since i feel the petrol prices will go through the roof of heaven itself ) or go for a used diesel (manza @ 4.5 (has 33k on the odo) ). I would appreciate your inputs regarding this.
Hello Arch-Angel,

Welcome to T-BHP.

Well if your budget permits, I will suggest to go for a new Diesel Car. A new Car will give you peace of mind & company warranty for couple of years.

But if your budget is limited to Rs. 4.5 lacs then Used Diesel Manza is a fantastic Car. Also 33000 kms on ODO for a Diesel Car is nothing. Only point to note is the tyres will be due for change very soon (around 35000 - 40000 kms). Hope you have gone through GTO's review of Tata Manza - http://www.team-bhp.com/forum/offici...ve-review.html (Tata Indigo Manza : Test Drive & Review)

Thanks,
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