@kiran,
Used cars are always tremendous value for money as explained by our esteemed moderators. However it is not so simple. You need to do your homework quite thoroughly. In used cars case you need to:
1. First decide on the car that you are interested in (eg. Toyota Corolla, Honda Civic etc.)
2. Second, scout the entire used car market for the cars. Meet the dealers or owners. Have a test drive and note down the vehicle Registration Number and Chassis Number.
3. Go to any of the authorised service centre (preferably to one that the previos owner has used) of that company with the Reg Number and Chassis Number and check out the entire service history.
4. If the car seems clean, then ask the owner to allow you to take the car (along with owner)for one final check at service station. (or bring a service centre SA to owners place).
Some finer points:
1. You need to be flexible with your budget as there may be some realy good used jewels that may be higher than your budget.
2. Keep in mind that regular service and maintenance costs of a higher segment vehicle will still remain higher, even if it comes at a good bargain. For e.g. A new Honda City and a used Mercedes may both retail at 8L but the Merc will still be higher on maintenance.
3. Also, thoroughly research the model(s) that you are interested in. Some may develop specific issues after some particular years of usage or kilometers.
Trust me, buying used can be a very sensible decision both financially as well as a feel good factor.
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