{"id":6132,"date":"2023-08-28T14:18:10","date_gmt":"2023-08-28T14:18:10","guid":{"rendered":"\/blog\/?p=6132"},"modified":"2025-01-21T15:32:40","modified_gmt":"2025-01-21T10:02:40","slug":"5-key-things-to-check-before-buying-a-used-car","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/5-key-things-to-check-before-buying-a-used-car\/","title":{"rendered":"5 Key Things to Check Before Buying a Used Car"},"content":{"rendered":"\n

Buying a house and making it your home, was, is and will be\nthe most important aspect of investment! Similarly, buying a car comes in\nluxury spending but is the probably the second biggest spend that a person\ndoes, in his lifetime!<\/p>\n\n\n\n

Know More About Used Car Loan<\/a><\/div>\n\n\n\n

Changing Scenarios in\nAutomotive Industry<\/strong><\/p>\n\n\n\n

There was a time, we used to see Contessa, Ambassador,\nMahindra Jeep, Premier Padmini and Maruti 800 in abundance, on the streets.\nThen came a wave of small cars and to break the momentum that Maruti 800 had\ncreated, Hyundai launched the Santro model, that was more robust and took the\nmarket by storm! Today, we are in a situation where every month, a car is\nlaunched (either facelift or Indian-version launch of a global model) by the\nbiggies of the automotive industry in India. <\/p>\n\n\n\n

Due to this continuous process of launch, relaunch, and\nfacelift; the buyers are in a constant state of confusion! With the ever-increasing\ncompetition, automobile manufacturers, keep coming up with new, lucrative\noffers to lure the customers; thus, adding to the woes of the buyer. <\/p>\n\n\n\n

Assuming we are clear about all the segments in which\npassenger cars are divided into, the search process lasts for more than two\nmonths unless and until the person is very particular and has a good database! <\/p>\n\n\n\n

Today buying a car is not only about the social stature but\nalso a necessity! With roads getting better and the economy improving, everyone\nwants to increase their living standard and to some extent buying a car\njustifies that! <\/p>\n\n\n\n

Taking into\nconsideration the aforementioned points, it is very imperative to say that with\nso many options available, a potential buyer may get confused. But there are certain\ncharacteristics which are very important to be checked before buying a car! Apart\nfrom budget, there are some key attributes to be kept in mind before buying!<\/p>\n\n\n\n

Buying a Car on Loan?<\/strong><\/p>\n\n\n\n

With so many\noptions in terms of different banks offering the loan, a prospective buyer must\nalso be able to envisage how much loan amount can he afford and how much down\npayment he is able to pay. While buying a new car, one has many options whereas\nbuying a used car gives fewer options. Usually, not many banks offer loan on\nold cars more than 6 years, hence it becomes very vital for the buyer to check\nout models which are not older than 6 years, in order to avail loan. Once, you\nhave checked the details of the model, it is better to apply used car loan to\ncheck all documentation that is required, in order to acquire the loan.<\/p>\n\n\n\n

Age of the Car<\/strong><\/p>\n\n\n\n

The most\nimportant part of buying a used car is the age of the car. Apart from the loan\npoint, the other reason is if the car is too old, then it\u2019s spares may not be\navailable or would be available at very-high prices.<\/p>\n\n\n\n

Engine<\/strong><\/p>\n\n\n\n

The size of the engine which is measured in liters. It\ncertainly doesn’t mean how much capacity of fuel can the vehicle hold! In\nIndia, the options that are available start from 624cc that means 0.6 liters. The\nbigger the engine, higher will be power generated by the car. It is very\nimportant for a buyer to understand his requirement. If a simple correlation\ncan be made, then smaller the engine size lower will be the price of the car.<\/p>\n\n\n\n

Type of Fuel<\/strong><\/p>\n\n\n\n

In India, petrol, diesel and CNG are the known options of\navailable fuel. Operating cost of a vehicle includes every incurred cost to run\na car for a kilometer. As we are very much concerned on how many kilometers per\nliter will the car run (mileage), our choice should favor better mileage options!\nIt is important to keep in mind that an equivalent engine size catering to\ndiesel as a fuel, gives a better mileage but at the same time it is priced\nhigher also.<\/p>\n\n\n\n

ABS and Tyres<\/strong><\/p>\n\n\n\n

Another important point to consider while buying a used car is to get the brake shoe checked from your acquainted mechanic. Also, it is important to note if the said car has ABS (anti-lock braking system) or not! As a general thumb rule, Indian cars with in-built ABS are priced higher than the ones without them. On the other hand, tyres are also an important checklist point. A known fact is that a new set of tyres costs a lot. Before zeroing down on a particular used car, it is important to check the condition of the tyres.  <\/p>\n\n\n\n

Once you are fully satisfied about the condition of the car and the features inclusive in the said price, keep all the documents handy while applying for the used car loan<\/a>.<\/p>\n\n\n\n

Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Buying a house and making it your home, was, is and will be the most important aspect of investment!<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":6137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-6132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-vehicle"],"yoast_head":"\n5 Key Things to Check Before Buying a Used Car - TATA Capital Blog<\/title>\n<meta name=\"description\" content=\"Check these 5 key things before buying a used car, including age, engine size, fuel type, ABS, and tire condition, for a smart purchase. 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