For pre-owned vehicles, you must verify the car's history and legal status before making a payment.
: Latest 3–6 months of bank statements and salary slips, and Form 16 for the last financial year.
9 Things To Check While Taking A Delivery Of A New Car - Chola MS information needed to buy a car
: Utility bills (electricity/phone), rent agreement, or Voter ID. Proof of Income :
If you are financing the vehicle, lenders require detailed proof of your identity and ability to repay the loan. For pre-owned vehicles, you must verify the car's
: PAN Card, Aadhaar Card, Passport, or Driving Licence.
Buying a car involves gathering specific personal, financial, and vehicle-related information to ensure a smooth legal transfer and a sound financial decision. 1. Essential Personal & Financial Documents Proof of Income : If you are financing
: Income Tax Returns (ITR) for the last 2–3 years and audited balance sheets/P&L accounts.