Top Blunders to Steer Clear of When Purchasing a Used Automobile

Top Blunders to Steer Clear of When Purchasing a Used Automobile

used cars in chandler, often known as pre-owned or second-hand cars, are anticipated to explode in popularity as the coronavirus pandemic starts to wind down. It also makes sense because the COVID-19 situation caused a lot of financial hardship for people due to layoffs, wage reductions, etc.

  • Transfer the used car’s Registration Certificate (RC) to your name.

For this, you must complete and submit Forms 29 and 30, which were issued by the RTO in the region in which you currently reside (Find the RTO closest to your residence here). Both you and the former owner must sign the paperwork. The process will move more quickly if you get a NOC from the RTO of the jurisdiction where the car is registered. The transaction is then recorded.

  • Obtain used vehicle insurance in your name.

Both transferring the registration and having a current copy of your insurance policy in your name are crucial. The insurance coverage is void if the RC is in your name but the previous owner’s name is still listed on it. So, after purchasing a used car, it’s crucial to change the insurance into your name.

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  • No Claim Bonus Transfer (NCB)

The insured receives the NCB rather than the insured car. As a result, the insurance policy can be transferred to the new owner when the car is sold but not the NCB. The difference due on account of the NCB for the remaining time of the policy must be paid by the new owner. However, if the original owner buys a new car, he can utilize the NCB on it.

  • How well do you negotiate?

To obtain the deal you want, some haggling, if not a lot, would be necessary. Trying to negotiate can be stressful, so ask for assistance if you need it. Make sure you always do your homework. Alternatively, you can avoid all negotiations by going to a pre-owned dealership of any automaker. It has benefits like the certification and warranty from the original manufacturer.

I hope the aforementioned used-car buying guide has provided you with some useful insight. If you’ve purchased a used car, we’d love to hear about your experience and lessons learned. If you’re thinking about purchasing a used car, feel free to ask us any questions.