We all dream to own a car someday. Now that you have decided to buy a new car, naturally you are excited. Buying a car is a big investment but it can be rewarding too if proper homework is done.
Your endeavor should be to get a fair deal-right car at right price. To
ensure this you must do thorough groundwork and must be crystal clear
about certain things in your mind. Our car buying tips will facilitate
you to reach on the decision.
Don't buy a car with a preconceived notion: Don't buy car in a
huff. Before buying a car gather all the relevant information such as
technical specifications, mileage etc. from various sources-Internet
and/or dealers. With loads of reliable information available you should
first go for a virtual car shopping. This will help you in taking an
informed buying decision.
Many people go for buying a car with a preconceived notion for or
against a particular car. Avoid falling into this trap and go for buying
a car with an open mind after considering all the pros and cons of the
Decide your priorities: Different cars come with different plus
points. Some have great pick up, some give high mileage, some have
additional safety features, some are economical to maintain and so on.
Before buying any car you should be very clear about your priorities
regarding the car i.e. whether you want great pick up or high mileage.
Also keep other factors in your mind such as the size of your family and
the seating capacity of the car.
Decide your budget: The foremost factor in deciding which car
you buy is your budget. Decide what is the maximum limit that you can
afford to spend on buying a car. If you are buying a car by availing a
car loan then decide what is the maximum EMI that you can afford on your
present income. Buying a car also involves hidden costs like insurance,
registration, fuel and maintenance. So also factor in these expenditure
in your monthly income while deciding on the amount of EMI.
Petrol car v/s Diesel car: Both petrol and diesel cars have
their own advantages and disadvantages. As compared to petrol engines,
diesel engines are more economical; and have better pull in the gears
thereby reducing the need for gear changing. But diesel engines have
slower pick up; high maintenance cost; and result in extra vibrations
and noise under acceleration.
On the other hand petrol engines are quieter, have greater pick up and
cheaper to service than diesel engines. Recent advances in technology
have enabled diesel and petrol engines to overcome most of their
drawbacks. Turbo-diesel, modern direct injection, and common rail
systems have greatly enhanced the performance of diesel engine. Petrol
engine technology too has made impressive advancements with improvements
in torque, bhp and mileage.
So give a considered thought to all these factors before deciding to
buy a petrol or diesel car.
Trade-in v/s private sale of old car: If you are buying your new
car in lieu of old car, there are two options before you. Either you can
trade-in your old car for a new car or you can sell your old car on your
own and use that money to buy a new car. Both the options have their
pros and cons.
You may receive a higher price if you go for private sale but it would
require additional work as you will have to do the paperwork and title
transfers on your own. On the other hand trade-ins are easy because the
dealers do all the requisite paperwork but it would fetch you 10-20
percent less price than if you were to sell it privately as dealer would
also keep his cut. Generally speaking if your car is in good condition
it is better to go for private sale and if your car is in rough
condition you should opt for trade-in.
Negotiate the price: Once you have zeroed on the car you want to
buy, it is time to negotiate the price. Shop around before entering
final negotiations. Carry out a survey of different dealers to see if
you can get a better price. It is quite possible that some dealers may
have a special offer on the model you desire.
If you are going for a trade-in always negotiate the on-the-road price
of the car first. Once you have settled that only then go for discussing
the possibility of trading in your old car. Salesmen will always ask
about the trade-in first, so that they can factor it into the deal,
hence try to keep it out of the equation as long as you can.
Take a test drive: Before finalizing the deal always take a test
drive to get the feel of the car. Make sure that you are comfortable and
satisfied with the car. Check that there is enough leg space, luggage
space, steering is not too heavy et al.
Finalising the deal and signing the paperwork: As buyer of the
car you need to ensure that all the legal forms should be filled in
completely and submitted to the right authorities. You have to register
the car with the Regional Transport Office. Following documents are
required to be submitted to the RTO: