We help you to choose the perfect vehicle for you
Everyone desires a luxury car in his/her it is not easy for an average person to own one because of the affordability factor. Buying a Used Premium Car gives you the opportunity to own a luxury car in an affordable price, also, with easy financing options, owning a premium/ super car is no longer a dream.
Below are some of the major factors which makes buying a used premium car a better option to own your dream car:
The first thing you should be ensuring is the reliability of the dram car you are planning to buy. You should consider the past performance of that model that you wish to buy. You should consider ratings and reviews from past users and only then finalize your decision.
Now days people don't keep their cars for several years, but they normally sell after three or four years of use and then buy another car. This ensures that they always drive technologically updated cars, so if the resale value of the current car is good it gives an advantage to invest more in their next dream.
It is one of the major factors one must consider while planning to buy a premium car in India. Based on the city you are living you must check the availability of the spare parts in your city. Brands like Audi, Mercedes, BMW, etc. have an extensive sales network in most cities in India. Therefore, if you buy a model of any of these brands, you will find it easier to get their spare parts compared to other brands, which are not so widely available in many cities.
Maintenance cost is one of the major costs in total cost of ownership in case of premium cars. You should understand that the older the car is, the more money you have to spend on its maintenance and the price of spare parts and servicing of such cars are usually very high, it may cost you huge amount in the long-term and sometimes more than the cost of the vehicle.
Majorly there are two types of sellers from whom you can buy a used car:
Usually an Individual sellers offers a better price as compared to dealer, however, the buyer should ensure that the seller is reliable by doing some due diligence. One should ensure the vehicle’s inspection by an authorised mechanic. Droom’s ECO service offers an Independent, Objective, Unbiased, Comprehensive and Scientific Auto Inspection Service.
Buying a vehicle through a dealer is much more organised, most of the dealers ensure the right paper work. The buyer should check the number of ownership/s involved as this can bring down the resale value of the vehicle by a significant amount. Also, when buying a car from a dealer, find out if you can receive a warranty as this is a benefit offered by some dealers in the market. Droom Offers plenty of pro-sellers and offers a free comprehensive warranty under Buyer Surety.
You can buy a car by paying cash or by taking a loan, most of the banks and NBFCs offers loans for used cars. A loan constitutes three main components, namely; the principal (borrowed amount), the rate of interest and tenure. You should check all the options available and go for the one fit best according to your requirements.
Getting test drive is perhaps one of the most important part of buying a used car. A 4-5km test drive through various types of roads to observe the comfort level while driving. During the test drive you should check that the engine should start instantly, the steering must not vibrate, and there should be no unusual sound or vibration. The brakes should be working properly even at a speed of more than 50 kmph. The car should stop in a straight line. The mileage indicator and speedometer must work properly. The clutch must operate smoothly without any jerk. Each gear should work properly and there should smooth change in gears. Check for any kind of leakage from engine or any other part. Ensure all the electronics – sound system, air conditioner, power windows, auto locking, etc. are working properly. Check Tyre Condition, Check seatbelts operability, Check lights, jack and other tools.
Getting the car inspected from a trusted professional gives you a piece of mind and ensures that you are not getting fooled by the seller. Droom's ECO service offers an Independent, Objective, Unbiased, Comprehensive and Scientific Auto Inspection Service.
It is important to check the complete History of the vehicle and not just the numbers on the car’s odometer. You should be aware of the other factors that contribute to the car’s condition e.g. service records, accidental history, loan history, etc.
Droom's History offers largest national repository for vehicle history that offers used vehicle history certificate for registered vehicles in India. A History certificate provides overall information about a vehicle’s background, covering up to 50 different history records in 10 seconds for free.
You should evaluate each required document properly before making the final decision:
List of documents required
Whether you are buying from an individual or any dealer there’s always a room for negotiation. Do your due diligence on the market price of similar cars.
Droom's OBV - Orange Book Value is an algorithmic pricing engine by Droom that suggests Fair Market Value for any used vehicle. Orange Book Value is built on Droom's proprietary technologies and data science. It takes into account the category, make, model, year and trim of the vehicle along with the condition of the vehicle and the kilometers it has run to suggest the fair market value. Orange Book Value is a category agnostic pricing engine and suggests unbiased fair market value for cars, motorcycles, scooters, bicycles and planes. Unlike other sources that just report historical transaction data that is flawed, Orange Book Value uses data science and empirical evidence in terms of depreciation curves, margins and spreads with intermediaries based on a number of factors that have an impact on the valuation.
You should execute a sale agreement documented for avoiding any claim and diligently follow the all RTO formalities as stated by the local RTO Office. Currently, Forms 29 and 30 are mandatory documents required for buying a used car in India. For used car registration, the buyer needs to submit two copies of Form 29 and a copy of Form 30 signed by seller at the RTO for transfer of ownership:
List of documents required
In case of passenger vehicles, Road tax is a onetime payment at the time of registration of the car by the first owner.
Original Keys: Normally Cars sold in India comes with 2-3 Original Keys. Try on Checking all the Keys if all are working properly.
Read to find out answers for some of the most commonly asked questions in process of buying car.
You need to look for hidden signs to unearth an accidental damage
The minimum checks you can perform while test driving are:
The must-check documents list includes the following: