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ESG
When buying a second-hand vehicle, the sole question in each potential buyer's mind is: Am I paying for what I receive? That is where used car inspection comes into play. With Artificial Intelligence, today's car inspections are faster, smarter, and more precise than ever.
Let's learn how AI-based car inspection is transforming the way we evaluate cars and how it benefits both sellers and buyers.
The old vs. the new: Manual checks vs. AI-powered inspections
Traditionally, used car inspections were manually done by mechanics or expert automobile dealers. Though this approach is satisfactory, it is time-consuming and subjective. It is based on human perception, which can overlook minute faults or irregularities.
As AI has entered the arena, used car inspection services have leapt forward by centuries. Used car inspection today employs image recognition, machine learning, and real-time data processing to analyse a car from the inside out without any bias.
How AI-based used car inspection works
AI software photographs the vehicle in high definition or video, sweeping all the details into view. AI can inspect for the following:
- Exterior condition:
- Tyre & wheel condition:
- Interior wear & tear:
- Engine diagnostics:
- Past accident history:
Chipping paint, dents, rust spots, or scratches.
Tyre wear, alignment, and pressure balance.
Seats worn, dashboard malfunctions, or infotainment malfunctions.
In some implementations, AI interacts with onboard diagnostics to analyse performance and history.
AI can detect inconsistencies by patterns in data and vehicle history databases.
All are completed in minutes — something that may take an hour or more for a human inspector.
With AI at the wheel of car inspections, buying a used car is no longer a roll of the dice — it's an informed, data-driven choice.
Advantages of AI used car assessment
So why is AI currently the best used car inspection service option? Let's get into it:
- Speed & efficiency - It now only takes minutes, not hours, which means quicker decision-making by the buyer and seller.
- More accurate - AI doesn't bat an eye at a minuscule scratch or dent. It's trained to pick up on the minute detail that might impact the car's worth.
- Uniformed reports - The inspection report is presented uniformly and unbiasedly.
- Remote inspection - Some services now allow you to photograph a car with your smartphone's camera, making it easier to buy used cars online safely.
- Affordable - AI checks reduce the need for many of the old checks, saving time and money.
AI and more confidence in used cars
As used car inspections using AI become more affordable, consumer confidence grows. Consumers are more confident purchasing used cars because they know that advanced technology is now backing their purchases. With more marketplaces and dealerships using AI tools, the pricing of used cars becomes more transparent, and data driven.
The future is smarter, and it's already here
AI is not a trend—it's becoming the backbone of used car evaluation. From enhancing accuracy to delivering reports in real-time, its making used car-buying safer, smarter, and more convenient.
With IDFC FIRST Bank offering easy and quick loans on checked cars, the aspiration of owning a trustworthy pre-owned car is now within easy reach.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.