Thinking of a New Car?

It is often not easy to decide when it comes to buying a new car. There are loads of things to be taken into consideration for that unmatched synchronisation of a perfect drive and comfort. Tough the Indian car market is growing on healthy rate yet we do miss on certain key aspects when it comes to purchasing a new car.

Here are a few ways in which this big question becomes easier.

Your Requirements

• Your purpose behind buying the car, eg, family car, car for personal use, etc 
• Secondly, the budget or the money you are comfortable to spend on the on-road price of the car.
• Any key features that your are looking for, eg, better mileage, more power,etc

Selecting The Car

• The type of Segment depending upon your requirements and needs.
• This is a major point, buying a diesel or petrol variant. Although many owners opt for a diesel variant for obvious reasons they need to understand that a diesel variant costs around Rs 60,000 to 1 Lac more than its petrol counterpart,moreover using the car for 30-40 thousand km will not help recover the extra moolah spent at the time of buying a diesel ans the running cost difference is around Rs 1-2 per km. (depending upon the car and its mileage)
• Choosing the right car is very important as there is a healthy variety of cars available in each segment.

(TGM tip: take some time out for a test drive and check all the features offered before deciding as its a matter of a pleasurable drive.)

Sealing The Deal

This is a key aspect when it comes to purchasing.

• Always get quotations from 2 or more dealers, if possible.
• Ask for the break-up of the on-road price offered by the dealers.
• Cash discount is available on purchases through loans which varies up to 3% of the loan amount.

(TGM tip: try and opt for 3yrs loan payout as you can save money on the interest to be paid as compared to 5yrs loan payout.)

• In case you already own a car and are selling it for anew one, you can use the no claim bonus, if any to get a discount on the insurance amount for the new car.
• If you are buying at the end of year, insist the dealer for added discount as you are likely to loose a good amount in the re-sale value of the car.
•  Remember, if buying a car in Jan 2011 then the registration will be of 2011 but the car manufacturing will be of 2010, its only by the month of Feb that you will get a 2011 manufactured model.

Once all these are worked out you can set those wheels rolling & drive your way with a new car.

Send us your reviews.

- Nitesh Bansal

  TGM Blog team