The demand for a used Hyundai car is increasing by the day, in India. Yes, there are as many buyers of used cars as that of the new ones. The primary reason being, used Hyundai cars suit the budget of most and make for a smarter investment option.
A used car in fact makes more sense for first time buyers advancing from two-wheelers or public transportation. In fact, they also make for a good buy for those who are bringing in a second vehicle for the family.
But despite the many pros of buying a used Hyundai car, it is important to remain vigilant while making the purchase. Here are 5 tips you need to keep in mind.
1. Inspection of car related papers in detail
Just like a new car, a used Hyundai car should also have proper registration and insurance papers. These paperworks should be thoroughly inspected as it forms the basis of assurance about genuineness of the vehicle. Even claims on insurance can be made if you have the right paperwork in place.
2. Get car ownership transferred to your name
Once you buy a second hand car, get its ownership in your name by following the RTO process of your jurisdiction. If the seller is in a different jurisdiction than yours, then get a NOC certificate from the seller’s RTO jurisdiction first.
Check for a valid PUC certificate and Bi-fuel certificate if LPG/CNG was fitted previously.
3. Transfer insurance in your name
Transfer of insurance policy in your name is as important as transferring the car’s registration. Otherwise, any kind of claim would be null and void. For this, contact insurance experts who can guide you in this process and ask for necessary documents.
In certain cases, the previous owner might not have taken an insurance policy. You can buy the same from a company of your choice and it will be like a new journey without any burden from the past owner. This can also help in price negotiation from the seller.
4. No Claim Bonus Transfer (NCB)
As NCB is given to insure the owner of a vehicle, it can’t be transferred to your name like the registration and insurance policy. You will need to pay the difference on NCB balance for the policy period. Original owner can use NCB when he buys a new vehicle.
If you had purchased a car in past, you can use the NCB discount while buying a used Hyundai car. It is valid for 3 years from the last policy’s expiry. From a NCB point of view, applying for new insurance is advisable.
5. Get your car checked before the first ride
Before first ride, make sure you get it checked completely. Right from the interiors to the exteriors, fluids and oils, lights, spark plugs and more. This will ensure that your driving experience is as good as a new vehicle would offer, and that you don’t run into any issue.
With substantial amount of savings along with the assurance of certification and warranty, you now get almost all the advantages in a used car that one would expect when buying a new one. Buying a used Hyundai car is definitely a more realistic purchase – especially for first timers.