Diwali New Car Buying Tips: It is necessary to know the 5 most common mistakes before buying a new car, which most people do. Booking just by looking at the offer, spending more than the budget or ignoring safety features should always be avoided.
Car Buying Mistakes: Many people buy new cars on Diwali. In the festive season, many people make such mistakes in the pressure of the showroom, flood of offers and 'book today' dealers, due to which one has to regret later. Auto companies at this time offer discounts, cashbacks, exchange bonuses and low EMI schemes. But understanding is not just to see the offer, but in taking the right decision. Know those 5 big mistakes, people who often do a car on Diwali and how can you survive?
Book a car just by looking at discounts
In the festive season, people book without seeing boards like 'exemption of up to ₹ 1 lakh'. But in fact, many times these discounts occur on old models or hidden charges are hidden in it. So always ask the complete details of the offer, which model, which variant and discount is at an on-road price or just on ex-showroom?
Excess excitement
In the excitement of taking Diwali and new car, many people go out of their financial capacity and buy a car. Later the burden of EMI and maintenance increases. According to experts, do not spend more than 20–25% of your income on car loan. Calculate EMI in advance and keep the remaining expenses in mind.
To ignore the safety features of the car
'If the discount is more then take the same car', this is the biggest mistake. Many people ignore safety features like airbags, ABS, EBD in the price of price. Always adopt a safety-first approach to travel with a family. Not a low feature, a balanced car should be selected.
Car loan conditions without signing
Banks or NBFC agents show offers like 'low EMI' and '0% interest' during Diwali. But processing fees, insurance or hidden charges are hidden behind them. So read the loan document carefully. Do not sign without considering interest rate, total cost and tenure. If the credit score is good, then negotiate. Many times banks give better deals from this.
Do not check while taking delivery of a car
In the festive Rush, the dealers give the old model in the showroom display car or stock. Many people forget to check this in excitement. Inspect the car carefully at the time of delivery. Do check scratch, paint, engine number, chassis number and tire condition. If there is doubt, get a trusted mechanic get a test drive.
Disclaimer: The information given in this article has been prepared for general awareness and educational purpose. Offers, discounts and loan terms can be changed from time to time by auto companies and dealers. Before purchasing any vehicle or financial product, do check official information and conditions from the concerned company or bank.
-
Mumbai Ailing Hospitals Part 11: Sion Hospital Struggles With Medicine Shortages, Overcrowding & Equipment Failures
-
Mumbai Ailing Hospitals Part 11: Sion Hospital Struggles With Medicine Shortages, Overcrowding & Equipment Failures
-
Mumbai Ailing Hospitals Part 11: Sion Hospital Struggles With Medicine Shortages, Overcrowding & Equipment Failures
-
Fino Payments Bank Settles Disclosure Lapse Cases With SEBI
-
Fino Payments Bank Settles Disclosure Lapse Cases With SEBI