Certification is the process in which a previously used vehicle is inspected to ascertain its roadworthiness. After satisfactory inspection and if everything is found in order, a certificate is issued stating that the vehicle is certified to be in good condition and devoid of any defects or damages.
Exterior and interior appearance of the vehicle, Major assemblies and Systems including Engine and Transmission, Upholstry, Battery, Air-conditioning, Chrome Fittings, Tyres etc. are checked.
Certification does not amount to a guarantee that breakdowns shall not happen. Breakdown can happen at any point of time. A Certificate is only a confirmation that the vehicle is without any defects and fit for running on the roads.
People who buy or sell used cars are not generally aware of the condition of the vehicle. Therefore, inspection of the vehicles by expert vehicle inspectors for checking the vehicle as whole and major assemblies in particular is a necessity. It is a comfort level for people who are buying used cars.
It is compulsory requirement of the Banks and Financial Institutions to get the vehicle inspected and its value ascertained as they want to ensure that the vehicle is in good condition and that its value is reasonable.
Several aspects of the vehicle such as year of manufacture, kilometer covered, type and nature of use, invoice value, insured value, market value of similar type and class of vehicle etc. are considered while arriving at the value.
The valuation, once given, is generally valid for a period of 15 to 20 days. After this period, another inspection may be needed.
General condition of the vehicle ( Exterior and Interior), Engine and Transmission Assemblies, Tyres, Battery, Upholstry, AC Systems, Brake Systems, Painting etc. are some of main items that are checked.
No. It is not binding on any one.
The valuation given is an indicative figure and there can always be variations depending on fluctuating market conditions.