[tj112]

Hi,
Need some help in terms of the transfer process, before i finalize a pre owned car.

The car is DL registered, less than 2 years old & is hypothecated to a bank.
I stay in Gurgaon (HR) & plan to take a loan for buying the car.

The seller will not be able to close the existing loan & get an NOC until i pay him.

Am unsure of what will be the process for the ownership transfer.

Will my bank issue the cheque/DD in the name of the seller/ his bank? Can they issue the same in my name?
What should be the steps in terms of transfer?
Implication of DL to HR shift in terms of RTO clearance?
What stage should the physical ownership of the car come to me?
How long should the entire process take?

Apologies if these have been answered before, could not find clear answers.

[Nishith]

Hi All,

Need suggestions on the below car for my friend.

XUV500 W10 AWD AT
Model 2017
No. Of owners - 2 (Transfered from company to employee)
Odo - 14,000 km (genuine)
No accident history
Colour - Black
RTO - Bangalore
Final offer price 14.5 lakh

Question- Is the car worth at this price? and do we foresee any issues in spare part availability since the XUV700 has arrived ?

Thanks,
Nishith

[sunilch]

The used car market these days is really on Fire at present. Seems like every tom-dick-harry is becoming an 'Investor' in used cars and is holding some inventory to make a quick buck. This is akin to the real-estate market about 5-10 years back. When everyone was an agent of some sort and was making quick bucks.

No wonder prices are unrealistic at present. Hope things normalize soon and mature dealers survive whole armatures exit this rat race soon.

[HTC]

Originally Posted by HTC

Forget tax, karnataka RTO even collects fine for delay in re-registration. i had to pay around 53k to RTO. Of that 19k was fine amount .
Add to that agent cost . Sigh...

Originally Posted by androdev

What is the fine amount for? How do they calculate it? Couldn't you just say you brought it to KA only recently?

@androdev,
Sorry for delay in responding.

Here is the tax receipt from Mysuru RTO. 19k fine and 33k tax. On top of that I paid RTO agent 10k and some 2.5k gift to Hyderabad RTO to get a letter stating that the NOC was genuine.

19k penalty was some amount multiplied on a montly basis from the date of NOC issuance till re-registration date. Members who are aware of this penalty details in MV act can pitch in. I was a noob then and nodded my head for everything and paid .

[Fuldagap]

Originally Posted by HTC

@androdev,
Sorry for delay in responding.

Here is the tax receipt from Mysuru RTO. 19k fine and 33k tax. On top of that I paid RTO agent 10k and some 2.5k gift to Hyderabad RTO to get a letter stating that the NOC was genuine.

19k penalty was some amount multiplied on a montly basis from the date of NOC issuance till re-registration date. Members who are aware of this penalty details in MV act can pitch in. I was a noob then and nodded my head for everything and paid .

Unless you have already paid or willing to pay, you should make a complaint on CPGRAMS.

[Strider24]

Where are all used cars

I have been looking for a good pre-owned automatic hatchback in Pune for replacing my father-in-law's ageing i10. The models which I am specifically looking for are:

• Honda Jazz AT
• Hyundai grand i10 AT
• Honda Amaze AT

variants are not my concerns but I am looking for around 3-5 years old examples within 5-8 lakh price range.

So far I have only been able to find 3 or 4 examples worth considering. I have looked for listing by individuals (prioritity), good dealers like OLA car & even by OLX Auto. not willing to look at the stocks of local car dealers for now.

I am surprised to see that there are only few listings available on used car sites or with above dealers, my choices are extremely limited & now I am forced to wait for next few months. I don't even see any option in teambhp listing as well

I understand that we may not get what is needed immediately, but my question is - is the used car market so starved at the moment for choices? is it just market in Pune or is it the same story everywhere else.

Or could it be because of the extremely long waiting period of new cars people are not even selling their car?

I understand that the cars in my shortlist are good ones and people usually don't sell them early, but I have never seen the dearth of these cars earlier anywhere.

I would love to have some wisdom from seasoned car buyers on this topic.

[Suryendu87]

Cross posting from the used car price check thread :

My 2017 Honda City V MT (P) will complete 5 years this April. Although not in a hurry, I am having the itch to change the ride. Willing to take a plunge into the pre loved segment this time.

The choice this time is a proper SUV(Space offered by the city has spoiled me and CSUV is no longer considered) and no more sedan.

Would like to have an idea of approximate budget for some models that I am scouting for. I am currently based in Bengaluru and place of consideration is either Bengaluru, Bhubaneswar. The models in fray(in no particular order)

1 - Tata Safari STORME : A dream from the college days. If I stumble upon a well kept post 2015 varicor model, what should be the ideal budget for it.

2 - Tata HEXA : Looking specifically for the top end automatic(XTA). Found some interesting ones on OLX(e.g. 2019, 33k run with asking price of 17.5L). What should be an ideal price bracket for this?

3 - Ford ENDEAVOUR : Again looking specifically for the sweet 3.2L motor. Not many examples available. Should it be a point of concern as Ford has now exited India. Also, what should be an ideal price bracket for this?

Not considering Fortuner as I have never been interested by it and find it overpriced a lot even in used car space.

Am I looking at potentially challenging vehicles in terms of reliability/fuss free ownership? 5 years with Honda has been fill, shut, forget model with just routine service center visits as per maintenance schedule.

Please also suggest if any other models can fit the purpose and bill(max 20L).

[jamesmay60]

This is a story of how i *almost* paid an inflated amount to a car and a little bit of due deligence saved me at the last moment.

A bit of context: I was in the market to buy my first car for the last 6 months and decided to go for a pre-owned one since I plan to become more experienced on Indian roads and then go for a new one. I have been on the look out for any good hatchbacks (Polo, Swift etc) or mid-size sedans. Checked out couple of them and cars were good but couldn't agree on the price.
Now comes the interesting part..
Then I stumbled on a car from a dealer and test drove the car. It was in decent condition and eventually got it checked by a mechanic whom I trust. He said there are some minor repairs which should cost me around 30-50k. Overall, I was satisfied with the car and decided to go ahead with negotiations.

Here's where all hell broke lose. Let's say their quoted price was "X". I said, given the repairs, maximum that i can do is "0.9X". The dealer then dialed the 'owner' and made me speak to him. This 'owner' guy was not ready to come down evene a bit from X. Then the dealer snatched the phone from me and did a bit of drama and got it down to 0.95X. I said, f it, let's go ahead with it. I paid a token advance and came out with a grin feeling ecstatic that I am soon going to drive one of my dream cars.

Then came the part of taking a insurance and loan and I wanted to get the insurance history from the owner. I forgot to take the owner's phone number from the dealer. I had the service history with me which had owner's phone number. I dialled the number. Someone picked up. Unfamiliar voice on the other end. I introduced myself and said "we spoke couple of days ago regarding your car and can you please share previous insurance history". The person on the other side said, with a lot of surprise in his voice, "Why are you asking me these details now? I sold My car 3 months ago." I was SHOCKED(while still on the phone with him). (Me in my mind) Whom did i negotiate with on the phone a couple of days ago???? I asked a few more details with this person. Basically he told that he sold his car to CARWALE 3 months back at "0.77X" the quote I received. Now I was super shocked. I made sure that he is actually the owner and the dealer is doing some scam for sure. I said thank you and put down the phone.

I called the dealer, still with disbelief. I asked him point blank "who did we negotiate with on the phone a couple of days ago?." He said, "he's the owner". I told him "I just got off the phone with the owner and he said he sold the car 3 months ago to CarWale." The dealer fell silent for couple of seconds and coughed a couple of times and said "Sir sir you spoke with the 'investor' that day" I was like who the f* is this investor. I cut the call and immediately went to the dealer. At the dellaership, he said, sir he is investor and not the actual owner. Then he tried to convince me the car is in good condition and I shold take it. I was surprised and told him I dont trust him anymore and asked him to return my token back.
He gave it back without saying a word because they knew I would create trouble if they refused (although he made me wait for 30 mins there saying he doesn't have cash).

The whole incident taught me a lot about the pre-owned car market and the scams that these dealers and online platforms like carwale run. They buy the cars from sellers at dirt cheap rates saying they are not in production or the market is not good etc and sell it after marking up by atleast 30%. It's general loot of innocent public. I am pretty sure the "owner" who was later revealeld to be a "investor" is an agent of the dealer who was probaly sitting in the next room. Although I am disappointed about the exorbiant markup in price, what infuriated the most is the fake conversation and the negotiation drama that the delaer put up. This guy was almost rude when I asked him about few repairs done as per service history and acted like he drove every kilometer on the odo. Lesson learnt.

SO, people, try to find the cars sold by owners directly. In case you need to go through a dealer, bargain hard. And make sure you talk to the real owner and get all the detaills and history verified.

[HBK]

Reposting from used car price thread..

I got a deal of Volkswagen Polo Highline plus 1.0 L TSI .Car is December 2020 registered in Haryana and ran about 29000km. Dealer is asking around 6.90 lakhs. Is the price too low considering the age of car or is it normal for a Volkswagen Polo. Should i be cautious?What are the things i should be careful about? How to check the service history of the car ? Can it be done over the phone or would I have to visit any of the Volkswagen service centres ?
Any help would be highly appreciated.

[Cresterk]

Originally Posted by manish84

Came across a 3 year old 3GT and dealer shared all the information with me. I checked the challan history and the car has 6 over speeding challans in 2021 and 6 more in 2019-20. Over speeding challans must be the automtic ones implemented in Mumbai and around. Does this indicate an abused car or given our low speed limits, this can be overlooked?

It's a BMW. It would be more suspicious if it didn't have a speeding challan

But jokes aside, they are engineered to be driven at unfathomable speeds on the german autobahn. Sadly our roads are nowhere near as good as any highway in Germany so make sure to get the car checked at an authorised service center. The speeding tickets themselves wouldn't matter much to me.

[Guna]

I am considering a used car and I have following questions:

• In case of a car owned by a company (and now sold by the dealer), who would sign the transfer papers? What is the normal practice? I want to make sure that I won't run in to some issue with wrong signatory, asset under dispute etc.
• Since the NOC is applied only after settling the deal, I do I make sure that there are no 'legal issues'. I can see a pending challan but I assume that can be cleared. I am worried about some possible case registered in the local police station which may not be reflected online.

[pyrodrive]

Originally Posted by jamesmay60

The whole incident taught me a lot about the pre-owned car market and the scams that these dealers and online platforms like carwale run. They buy the cars from sellers at dirt cheap rates saying they are not in production or the market is not good etc and sell it after marking up by atleast 30%. It's general loot of innocent public.

This is absolutely correct. Let me give you an example from a seller's point of view.
Recently I put my 2013 thar for sale. Had given an ad in olx asking 4.8L for it, the same day i had 4-5 offers of 4L and one offer of 4.4L. Then these cars24 guys called up, asking if I had a thar for sale. They wanted to send a guy for evaluation, to which I reluctantly agreed.
So the guy arrives and after 30 minutes of taking pictures, measuring paint thickness etc, he left saying they will call and give me their valuation.
The next day their guy called me, and said very enthusiastically " Sir you will not believe how good the value we have offered, if you hear the value, you will immediately bring your car over to us!" As I was expecting it to be a no go anyway, I didn't show much intrest. Then he said " Listen sir.. Our value is 2.7 lacs!! Now when are you bringing your car over? "
I was like and said " Please see if you find any thar crde of any age and any odometer reading anywhere in India for under 3 lacs and I will buy all of them myself"
Needless to say, the guy got a piece of my mind after that. But thats they way these guys run their business, they offer a crappy price to the unsuspecting buyer and if they are naive regarding car resale etc( majority of people are) they get it at their price and make a hefty profit.
Note- I sold my thar to a gentleman two days later at 4.5L

[Bhokal]

I am thinking of getting a used car? There are so many apps and portals in the market, as many have already written that it becomes difficult to identify genuine offers from spamming dealers.

Where to start? Any pointers would be welcome.

[adisan]

Odometer tampered by used car dealer (Times of India report)

[KadiNiSikhiya]

It's going to be a bit of a read, but please help me out here.
A guy I know, not personally, will be leaving for Australia next month. Last year, he bought a Toyota Fortuner and he'll probably be selling it off before leaving. Now here's the thing, he bought it pre-owned, not from a showroom. Add to it, the vehicle was financed, so he is paying EMIs for it.
Now my questions are:
1. How does such a transfer work? Is the loan transferred onto a new buyer ?
2. If so, then does the credit score of new buyer checked before transferring loan ?
3. Does such process involve paying the seller some amount above what's due as loan on the vehicle ?
4. In such cases, how is RC and Insurance transferred onto the new owner?