Car Buying Tips, Don’t Miss Before Buying a Car

Buying a brand new car is real happiness but somewhere tricky or you can say complicated especially for the new buyers. As they don’t have enough knowledge and obvious the experience of buying. You have everything available with you, money, time but the only thing lacks is the idea.

New Car Buying Tips

So, get an idea by hopping around the internet or ask the experienced people. This is such a highly personal experience if you are a car lover. It takes so much discussion, the time investment in searching for the right car model you need which is worth buying. Also, think of the usage, whether you need it for yourself only or for the entire family. Whether you are looking for daily commuters or long trips? The color, model, sitting capacity, smoothness, interior, music, functionality, facilities and more are some of the important things people think of before taking a plunge. Well, you can also check out online about some cars. You need to sequence your steps for buying a new car because that can help in getting it better.

Research: Before you decide to buy a brand new car, always initiate research work online or offline. You can look for some new arrivals with new and high technologies. There are a lot of things you should consider before you buy a car. What will be the most usage of it? How much space do you need? What’s the budget? What style and make do you prefer? Analyze these certain things before you visit a showroom or ordering online. Though, most of the people prefer buying it offline because that gives a physical experience. Also, don’t forget to check the safety ratings, read reviews.

Car details: Even at the time of buying a tiny needle you check the utility of it. And, we are talking about purchasing a car. So, definitely, you need to observe every car detail you are going to select. You should check every necessary detail you desire to have in your car.  Whether it’s the car color, windshield type, tyre, and many other important things.

Set Priority: Setting priority means making a clear idea about what you exactly need. Like, you need to have a 7 or 9 seater car. Do you want black, blue or white color? Setting the preference and priorities helps to get the best deal in the market. This tactic helps in time-saving at the time of purchase. And, because of the clear vision, you can bag the best deal ever that can feel worth it.

Features: For every customer, the most important thing based on which they decide to buy something is the features. Because features are the only thing customers can analyze to know the quality and durability. Similarly, there is an abundance of features a new car has and you need. Dual-front airbags, Anti-lock braking system (ABS), ISOFIX Mounts to fix child safety seat, Rear Defogger, Rear parking sensor, central locking, All four power windows, Audio system for those who can’t even breath without music, head restraints, adjustable comfort, fog lamps, and more features. Determine the budget: Budgeting is something important that you need to manage to purchase the car of your choice without compromising. Without budgeting, you are unable to invest in the right product. If not, you will be regretting after purchasing the car. So, if you don’t want to regret it in the future after buying a new car, you should budget properly to avoid any trouble at the time of purchase.

Explore new technology: Technology is not constant whether for a mobile phone or car it always comes up with a new version. Therefore, always choose the best version of the technology for the car because you have to walk with it for long.

Check out for the market price: Before you go for purchasing, pre-check for existing market price and the discount you can avail. Crack the best deal so that you can match the satisfactory level.

Choose a suitable date/day: Choose a special day such as festive occasions like Diwali. At this time you can get an abundance of offers and discounts that is worth buying without a second thought. These special days offers a special price for the car you desired for. The end of the month leads to a great sale, you must grab the opportunity.

Buy car insurance: So, we have discussed all car purchasing practices. Research, car details, the setting of priority, features, budget, technology, and more. Now the most important or you can say a mandatory thing you have to buy is car insurance without a second thought. Buying car insurance is mandatory in India under the guidelines of the Motor Vehicles Act, 1988. It gives you financial assistance against unfortunate events. Such as natural calamity, manmade calamities, third party liability, property liability. You can understand how crucial a car insurance policy can be. So, don’t skip this step even after you purchase a new car.

Add-Ons: As the name already suggests, add-ons are available for the extra protection wherever you go. When you buy car insurance, prefer buying add ons too named zero depreciation cover, daily reimbursement, return to invoice, personal belongings cover, emergency transport and hotel expenses reimbursement, key replacement, NCB protection cover, multi-car rebate and more as per the requirement.

IDV: While buying car insurance, always keep in mind about the IDV (Insured Declared Value) i.e. the maximum sum insured fixed by the insurance company. It is the current market value of the vehicle. 

The schedule of Depreciation for fixing IDV of the vehicle

Not exceeding  6 months 5%
Exceeding 6 months but not exceeding 1 year 15%
Exceeding 1 year  but not exceeding 2 years 20%
Exceeding 2 years but not exceeding 3 years 30%
Exceeding 3 years  but not exceeding 4 years 40%
Exceeding 4 years  but not exceeding 5 years 50%

Conclusively, it takes so much of your effort and calculation to buy a new car and that too for the first time. Therefore, always think of all the above-given points whenever you are ready to buy your favorite car. Analyse-it from every aspect i.e. monetary, benefits, utility, capacity, requirement, and the most important prospect is safety.  So, when are you going to buy your brand new car and take your family to the best drive?

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Article Author Details

Aarti Patni

Aarti Patni is a Content Strategist at one of the leading insurance company with the passion of delivering valuable content for her readers. She explores topics mainly related to insurance, books, start-ups business and much more.