Factors to consider while buying a new car in India
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Buying a new car in India is a great financial decision that an individual makes. But, whether it’s an SUV or a hatchback, purchasing a new vehicle can be tricky since, along comes this purchase, a whole lot of sentiments. Most people dream of a car that drives seamlessly, looks slick and is also budget-friendly. However, with a wide array of options available in the market, how do you make the right car choice?
Here are the top 4 factors you should consider before buying a new car in India. Let’s find out. Read on!
- Brand:
As the world (and our country) has advanced over the last couple of years, there have As the world (and our country) has advanced over the last couple of years, there have been many car manufacturers who have found their way to India. The obsession with owning a car is higher, now more than ever. People from all walks of life want to purchase cars for their convenience and also, an upgrade in their life to a certain extent. So which brand should you pick when selecting your dream car? Reading and researching may be the simplest ways of finding that out. Read about the cars made by different manufacturers. Even before you jump on the budget, find out what the overall pros and cons of the cars of the brand are. Once you’ve figured that out, move on to the next most important thing- the budget!
- Budget:
An essential thing to remember here is the fact that the on-road price of a vehicle varies from that of the showroom price. Whenever you are set to purchase a car and have a certain budget in mind, do remember that this disparity can come into play. So, always have a buffer amount ready in case your purchase exceeds the budget. Also, check out the car loan rates to know which one charges the lowest rate of interest. Cheap car loans are now available easily since many banks and finance companies are committed to offering buyers low interest rates for the loan required.
- Fuel efficiency
An often overlooked but critical factor to consider is the fuel efficiency of car. This may not seem pivotal when you are set to make the purchase but greatly saves you money in the longer run. If the mileage of your car is higher, you’d have to spend a lesser amount of fuel. Fuel rates are increasing with each passing day and without it, your vehicle is useless. So fuel cost is a big expenditure and should be factored in when purchasing a new car.
- Other important features
- The sturdiness of your car comes from the engine type. If your engine is strong and efficient, it will save you the hassle of car breaking down frequently. This can become a point of contention if your car’s engine is damaged often. Thus, car engine type is an important point of consideration for buying a new car in India.
- Style and comfort come second to the sturdiness of your car. Everyone envisions their car to look a certain way and of course, comfort is a given. Make sure you book a test drive of your car before purchasing it to know everything about its style and comfort.
- Another factor that takes precedence over anything else is the safety features of your car. If your car is loaded with efficient safety features, you would have one less thing to worry about. Gear lock, an alarm system, airbags are some of the common points to keep in mind when looking for a new car.
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