GUIDE FOR BUYING A PRE-OWNED LUXURY CAR: KILLER TIPS YOU SHOULD FOLLOW

1. BUYING GUIDE FOR A PRE-OWNED LUXURY CAR: KILLER TIPS YOU SHOULD FOLLOW Do you think buying a pre-owned luxury car is a good investment? Nowadays, the Indian automobile consumer mindset is shifting towards buying pre-owned luxury cars. Over the last decade, the market share of used luxury cars has been stable at 18% and is expected to grow faster after the pandemic period. A brand new car is obviously a choice for many, but growing competition and comparable pricing have made it easier for the customers to explore the option of pre-owned luxury cars. Why can buying a pre-owned luxury car be a good investment? ●Lower depreciation: It is a no-brainer that brand new luxury cars depreciate more in the early years. A used luxury car, however, has lower depreciation rates as time goes by. For instance, within the first 3 years, the brand new car is likely to lose 50% of its initial value as per market trends. ●Affordable pricing: Nowadays, when you compare the top model of premium car manufacturers with the pre-owned four-wheelers by luxury car manufacturers, you’ll find a marginal difference. That is to say, if you opt for a well-maintained pre-owned luxury car, you’ll get extra features, reliability, and greater comfort at a great price. ●Insurance cost: As the vehicle gets older, the insurance premium rate decreases because it is calculated according to the car's current market value. If you can manage to get hands-on a car with valid insurance, it can be an added benefit in the long run. ●Dedicated dealerships: Organized players for sale and purchase of pre-owned luxury cars have made it easier for people to buy a used vehicle without having to worry about

2. resale, fitness, etc. These dealerships also offer an extended warranty, making it all the easier for customers to opt for pre-owned luxury cars. Quick tips you should follow while buying a used luxury car i. Engine Check : • Engine must not limp while idling • Check for engine oil, oil filter, and leakages if any • Observe any weird sound or noise from the engine compartment • Check the spark plugs and ignition coils, cables • Cross check the engine number and chassis number with the documents ii. Gearbox Check • Check for the sticky gear stick • Check for vibrations in the gear shift lever • Check for leakages and gearbox oil levels • Check for noises or sounds while engaging the gear • Check for the burning smell, which is a symptom of overheated fluid iii. Transmission Oil Check • Check the oil level after warming the engine • Check for oil quality and wear. Brownish red color indicates a fluid need to be replaced • Check for leakages from the gearbox and fluid chamber iv. Engine Back Compression Check • Check for leakages by noting readings in the compression test • fuel injection fuses Test must be performed by disconnecting and removing all spark plugs, fuel pump, and • cranked 3-4 times to get stable readings The pressure gauge must be connected to the spark plug hole, and the engine should be • The above step should be repeated for all the cylinders v. Engine Heating Check • Check for coolant levels in the sump as well as circulation system • Check for leakages in the circulation system • friction is generated between the parts Check for ticking noise in the engine. This indicates low engine oil viscosity as more • Check for engine losing power while idling vi. Engine Temperature Check

3. • Check for temperature warnings on the dashboard • Check for radiator health and proper functioning • Check for faulty water pump which circulates the coolant liquid vii. Ball And Bearing Check For Suspension • Check for wear indicators on the ball joints • Check for body role while driving or nose-diving while applying brakes • Check for knocking sounds when the car moves over bumps • Check for rust or mud accumulation in and around the ball bearings • suspension system Check for steering difficulty at low speeds, which indicate wear and tear in the viii. Test Driving • Test drive the vehicle for at least 10-15km • Check the air conditioning, central control unit faults/warnings • Check smooth braking and throttle while driving • Check for sounds inside the cabin while driving • Check all the electronics, buttons, ORVMs, adjustments, seat adjustments • Check for a tire alignment and tread wear and tear • Check for limping or coughing in the engine while driving ix. Brake Pad Check • Check for wear indicators on the brake pads • Check for brake fluid, leakages in the individual discs • Check for brake lights on/off while not in use • Check for the handbrake function running normally x. Meter Tampering Check • Check the service booklet for meter readings and service dates • Check for marks or finger impressions inside the odometer • Check for spare switches which look out of place • Check for internal wear and tear, floor rust for estimated years of use • Check if the odometer reading is getting stuck somewhere while driving xi. Door Opening And Touching Check • Check for touch panels, smart sensor proper functioning • Check for creaking noises while opening or closing the doors

4. • Check for tightness or difficulty in opening the door with remote key • Check for proximity sensor functioning • Check for door open warning light indicator on the instrument cluster xii. Tyres Quality Check With Treads Level • determine tire health Check for tread wear and tear, year of replacement, and odometer reading collectively to • Check for bubbling or imbalance while driving • Check for correct tire configuration as recommended as per the car make and model • Check for the difference in rim sizes or modifications Final conclusion on buying a pre-owned luxury car Buying pre-owned luxury car can be a very rewarding experience if you give proper attention to inspections and checks. You can always ask a trained mechanic who is familiar with the car to run tests for you. This should not be considered an expense because a trained mechanic can reveal countless faults, which are worth negotiating for while deciding the final price of the car. Thus added comfort and luxury can be availed without spending a lot and makes a smart investment in the long run. Stay tuned to our website for more such informative blogs in the coming week.