- About Coverfox
Used cars in India can be purchased through three avenues – directly from the car owner, franchised pre-owned dealer and a used car broker.
Purchasing a used car in India from the first owner of the car is considered the most reliable option from these three options, more so when the car owner is known to you. Besides, it is the most cost-effective since there are no brokerage charges involved during the purchase of the used car. It also gives you the opportunity to negotiate further and perhaps fix a better deal for yourself.
In contrast, getting in touch with a used car broker or franchised pre-owned dealer will give you a wide variety of choices to take your pick from. You can browse through newspaper classifieds and websites that deal with used cars in India and shortlist ones that suit your desired specifications – features, car brand, budget, etc. Further, you can closely check and evaluate the features and present condition of each of the shortlisted cars before taking a final call. The quoted price will be comparatively higher than what you will get when you purchase the same used car directly from the car owner. However, there will also be scope for negotiating on the quoted price. Transparent paperwork is an integral part of buying a used car in India from a registered professional car dealer or broker.
Besides being able to access a variety of used cars from professional dealers and brokers, there will be a greater reliability of the condition of cars. What’s more, you also receive complimentary benefits like service packages, which will not be the case when you buy a used car directly from the car owner.
You can get a used car’s history either online or offline, as per your preference.
Disclaimer - Above mentioned prices are for a 2 years old Maruti Wagon R, 1.2 VXI AMT OPT (1197 CC) registered in Mumbai & previous policy has expired.
Below are some of the top car models under the ‘Used Cars in India’ category:
Here are some tips for you to fetch the maximum price for your car when you put it up for sale:
Can I Buy Insurance for a Used car?
If you have purchased a used car that does not have an existing car insurance plan, you will have to buy a new car insurance coverage policy for a second-hand car.
How to Buy Insurance for a Second-Hand Car?
You can get comprehensive car insurance for a second-hand car online on Coverfox. Usually, you need to transfer the car insurance ownership to the buyer of your car as per Section 157 of the Motor Vehicles Act, 1988.
What are the documents required for the transfer of ownership of a car?
The following are the documents that have to be submitted during the registration of a used car in India: Original purchase invoice, Registration Certificate (RC), Pollution Certificate, Insurance papers of the car, Road Tax Receipt, Form 35, and No Objection Certificate (NOC).
Which is the Best Used Car in India?
There are many good used cars in India. You should consider the age and physical condition of the car before making the final decision to buy.
Is Premium Low for Second hand used cars in India?
Yes, the premium payable amount is low for a second hand used car. This is because the IDV is much lower in comparison to a newly manufactured vehicle.
I am thinking of buying a used Maruti hatchback. What are the cars I should consider?
You can consider the following cars-
What are the documents required for transfer of ownership of a car?
The following are the documents that have to be submitted during registration of a used car in India: