When buying a new car, you have to pay not only the ex-showroom price but also several other charges, including road tax, insurance, and more. These additional charges can significantly increase the overall cost of the car. However, if you want to avoid paying road tax while purchasing a car, we are here to share a way through which you can buy the car and save on road tax.
In India, most people face problems when trying to buy a new car. So, instead of buying a new one, they are interested in buying second-hand cars. But in the world of scammers, buying a second-hand car is a very risky project. So, throughout this article, we will tell you how you can buy a second-hand car within a good budget.
How to Save Road Tax
To save road tax, you can buy a used or second-hand car instead of a new one. The seller of the old car has already paid the road tax when they bought the car, which means you are saved from paying this tax.
Charges You Have to Pay When Buying an Old Car
Although you don’t have to pay road tax when buying a used or second-hand car, you will have to pay an ownership transfer fee at the RTO. This fee ensures that the car’s ownership is transferred to your name. When you buy an old car, the ownership is transferred to you, and you need to pay this fee for the process.
Things to Keep in Mind When Buying a Second-Hand Car
- Get complete information about the car before buying.
- Check all the documents of the old car thoroughly.
- Get the car checked by a trusted mechanic before finalizing the purchase.
Advantages of Buying a Second-Hand Car
- You spend less money on buying a second-hand car compared to a new one.
- You do not have to wait for a long waiting period to buy a new car.
- You get immediate delivery after completing the payment and necessary formalities.
Disadvantages of Buying a Second-Hand Car
- An old car may break down faster than a new one.
- Repairs on an old car can be expensive.
- You may miss out on the latest features and technology in an old car.