1) What is the amount one would like to spend . Is it cash down or part loan?
Since used car loan is generally happen on a higher rate of interest . Hence we need to plan accordingly .
2) What is the prefered model , make , transmission , type of fuel ?
In NCR customers generally prefer petrol, however in other parts of the country it differs. EVs are not in good numbers in the used car market, in the next 1-2 years EVs will also be an option to choose from.
3) What will be usage?
a) Is it daily commuting or will it be weekend car ?
b) Is the car generally goes on highway ?
c) Is it for learning purpose ?
d) Is it just for a short period ( less than one year ) .
Need keep in mind the post sales depreciation within a year if one has to sell it .
e) Will it be a gift to someone ?
4) What is the resale value of the car ?
One of the most important question to answer if someone has to sell after 2- 3 years then what price will it fetch in the preowned car market . The simple yardstick to guage the resale value will be to see how that particular car perform in new car segment . The car which sells in very good numbers in new car will have better resale
value .
5) What is the after sales and repair cost and parts availability in after market ?
Car which sells in volume generally have low after sales and service cost. Part availability will not be an issue in those cars . Hence one need to research about the after sales cost before finalizing any car .
6) Any particular color option ?
It will be icing on the cake if one would get the desired color option , however in pre owned car market one should look for good car in their budget . Sometimes if budget increases slightly and the desired car is available then one should go for it. Colors like yellow , green , maroon , orange , purple etc generally command low resale value . White has the highest resale value and commands maximum demand followed by black.
7) When you like to buy ?
Another crucial aspect is the timeline . Is it on a special occasion like birthday / anniversary