Buying a car is one of the most important decisions. Selecting the right four-wheeler is a cumbersome task. With a host of cars available, it is important to select the right model, based on one’s budget & needs.
This is one of the most pertinent and commonly asked questions today.
In an era, when owning a car is a necessity, it is significant to choose the right vehicle, as per one’s needs and budget.
With innumerable brands in the auto market offering enticing deals and showcasing an array of models, it is certainly a daunting task to select the best car.
We bring for our readers, 10 tips for buying a car, to help them own the vehicle of their dreams.
1. Expectations from the Car:
First and foremost, the prospective buyer must determine why he needs the car. It is also important to choose the vehicle which fulfills one’s expectations. Consider the fuel-efficiency, amount of usage, the engine required – whether petrol, diesel, LPG or CNG, and other factors.
2. New or Used Car:
Next, one must understand what is advantageous, buying a new car or buying a used car. For some, a new car is a good choice, while for others a used one serves the purpose.
3. Set a Budget:
Surmise a budget based on the need for buying a car.
4. Calculate the Cost of Ownership of the Car:
Apart from the buying cost or the monthly installment, one must also calculate the expenses that one would incur after buying the car, in terms of insurance, maintenance, and cost of fuel.
5. Select a Reputed Dealer:
Take advice from those who have bought a car or search on the internet to shortlist a dealer who would provide the best deal. It is significant to pick a seller who would give good service.
6. Decide on the Car Loan:
Today, most people opt for a car loan. It is important to understand the terms and conditions attached to the loan, including the interest payment (whether fixed or variable), repayment period, initial deposit, balloon payment, and more.
7. Value-Added Products:
Most vendors provide a gamut of value-added products with the car, including car insurance, maintenance plans, shortfall cover, and more. It is best to take advice from a Finance and Insurance Consultant in this regard.
8. The Place of Use of the Car:
Choose the car based on the place of use. For example, for use on rough terrains, buy a sturdy car, instead of sleek and lightweight one.
9. Check the List of Upcoming Cars:
The auto market is booming, with new launches happening every other day. Buying a car in desperation, without proper research, may lead to missing out on a good deal.
10. Inspect the Car and Insist on a Test Drive:
Lastly, before investing your hard-earned money, inspect the car physically and opt for a test drive.
Buying a car is a personal choice, depending on several factors. With a host of cars available in the auto market, it is difficult to choose the perfect one. However, a thorough study by weighing the pros and cons of the shortlisted models assists in making the ideal choice!