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
: Income Tax Returns (ITR) for the last 2–3 years and audited balance sheets/P&L accounts. information needed to buy a car
: Information on current debts, credit score, and a clear budget for a down payment (ideally 20%). 2. Vehicle Verification (Used Cars) : Information on current debts, credit score, and
If you are financing the vehicle, lenders require detailed proof of your identity and ability to repay the loan. : Utility bills (electricity/phone)
: Utility bills (electricity/phone), rent agreement, or Voter ID. Proof of Income :
: PAN Card, Aadhaar Card, Passport, or Driving Licence.
For pre-owned vehicles, you must verify the car's history and legal status before making a payment.
