The market of pre-owned cars is at its brim and amazing thing is that you’ll be having great variety of choices too. But the problem that remains with this market is that it is it is not fully organized and can be said to be semi organized
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Buying a Used Car? Check your Documents
1. Buying a Used Car? Check your Documents
The market of pre-owned cars is at its brim and amazing thing is that you’ll be having
great variety of choices too. But the problem that remains with this market is that it is it is
not fully organized and can be said to be semi organized. Because of that checking
paperwork thoroughly becomes even important. Also you need to make sure that seller is
providing you with the original regional transport office. Check out the list of documents
that will be helping you in making original and hassle free purchase.
Check these documents
There are few documents that are mandatory and you should not avoid them in any case.
RC remains the most important document as it will be providing vital information about
the car that will be including chassis number and engine number too. It will be important
to check the state where car is being registered and if you are planning to drive this car to
different state then you need to get registration there too. Now you must be thinking that
it’s a long and tiring process, so avoid it- but at the time of accident or any mishappening
this could lead to a trouble.
Insurance
You simply cannot avoid insurance documents, and you need to get those documents
transferred on your name. Also at the time of transferring the policy you should check if
premium has been paid regularly or not, expiry date of policy and also check if ever
insurance has been claimed. That will help you in knowing whether car was involved in
any accident or not. One more thing that you should find out is that whether car has a
third party or comprehensive insurance.
Form 32 & 35
This document will be necessary especially when the previous owner had even taken a
loan at the time of purchasing car. So at the time of purchasing car ask your buyer to give
you copy of no abjection certificate from the finance company and that will be clarifying
that entire loan has been cleared. It is very important to be careful in these documents.
After you’ll take the possession of the car and registration is done in your name then
lender can ask you to pay rest of the loan if left unpaid.
These are the few important documents and few others are service book, road tax receipt,
car purchase invoice, and also duel fuel certification for the retro fitment. Don’t be
negligent at the time of collecting these documents.
Mike Nielsen having 09 years of experience in the automotive cars industry and complete
information provider by AutoInfoZ.Com for cars and used cars in India where user can
find out the used cars and car dealers in india.