Auto India used cars and bikes for sale, sell your car, sell your bike Welcome Guest  [ Login ]  
Introduction
1. How do you start?
2. What's the best car for you?
3. Diesel or Petrol?
4. How Much Can You Afford?
5. Do Your Research Online
6. Old Car - Trade-in vs. Private sale
7. Where to buy- Choosing a Dealer?
8. Pricing the car
9. Trying it out – Test Drive
10. Closing the deal & signing the paper
 
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Step 10: Closing the deal and signing the paper work
  Arranging finance  
Ideally, you should find a loan when you start looking for your new car. This will help in speeding up the delivery of the car to your home. Much like the best bargain being around the corner, there is scope for reducing your loan costs further, if you spend some time shopping around for them. Please Refer the Loan section for more details:
Registration & Insurance
By law you need to insure your car. Please Refer the Insurance section for more details:

When you buy a car you have to register it with the Regional Transport Office (RTO). Despite taking a loan from a bank, you personally are liable for the registration charges. Every car has its own Certificate of Registration (RC) book that keeps track of the history of the car.

As a buyer of a car you need to ensure that all the legal forms should be filled in completely and submitted to the right authorities. Say, you live in Mumbai and bought a new car. You need to submit the relevant documents to the RTO under whose jurisdiction your address falls. If the new car is from another state, you will need to obtain a certificate of temporary registration from the RTO. In most places, this certificate is valid only for a very short period, after which a permanent registration number has to be obtained. While heading with the new car to the RTO, take the following with you:
  Application for new car registration or Form 20  
  Photocopy of the invoice, insurance policy, ration card or telephone bill as proof of address.  
  Original Sale Certificate or Form No 23, Sales Tax Receipt, Octroi Receipt  
Pollution Under Control Certificate from the manufacturer or Form No 22
Letter from the financier, in case you have taken a loan to purchase a car, addressed to the RTO asking them to endorse their lien on your car registration certificate book or Form No 34
Your PAN number
Imprint of your cars Chassis Number
  Paper Work  
 

Before you drive off in that new car of yours, there are just a few papers that need to be signed. Example: The power of attorney that allows the dealership to go to the RTO and register the vehicle for you, the transfer of title if you're trading in a vehicle, are just some of them. Read each document carefully for errors. Once you sign on the dotted line, the deal is clinched. If something doesn't feel right, don't sign. And do not feel pressured or obligated to sign just because of the amount of time invested by the salesperson.

Most dealerships detail the car and provide enough fuel to drive you home. You will have one more chance to inspect the car before you take possession of it. Make sure you walk around the car and look for scratches in the paint and wheels or dents and dings on the body. If you are paying for floor mats make sure they are included. If anything is missing, or if any work needs to be done, ask for a "Due Bill" that puts it in writing. You will then be able to come back and get the work done later.

As you drive away inhaling that new-car smell, there is only one more thing to be done: enjoy your new car.

 
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