If you have been looking for the Car Buying Guide India, then you have come to the right place. Buying a new car is one of the most tedious and harrowing experiences especially for first-time buyers. However, even experienced car buyers may face difficulties while buying another car and the reason is money. After home, a car is a second biggest investment and that too with depreciating factor. Also, after home and office, the car is the place where people spend most of their time and hence wants it to be more personal and according to one’s taste. So while being a first-time car buyer isn’t easy, we’ve compiled a car buying guide india 2020 list of top things to keep in mind while buying a brand new car to make the experience smooth and easy:
Car Buying Guide India
Determine the Budget
Deciding the budget is the most important and preliminary step for buying a new car. You can either do a onetime payment or opt for an EMI method while purchasing a car. In the latter’s case, your budget is generally based on what you can afford per month. Just to keep in mind, the monthly expenditures while buying a car are not limited to the vehicular cost only. There are other charges like fuel cost, maintenance and insurance apart from road tax. Case in point, a car like Maruti Suzuki S-Presso that has a sticker value of Rs 3.69 Lakh (ex-showroom, starting), will cost you around Rs 4.2 Lakh (on-road). So it’s crucial to determine the budget and don’t go for a car that will put a dent on your monthly expenditure.
Determine the Body Type
Once you have decided the budget, you have to determine the body type. A body type defines a vehicle’s look, design and space inside the cabin. There are essentially four body types – hatchback, sedan, SUV and MPV. These body types are further divided into subcategories. You have to be cautious in your buying decision and plan forward. One may think of buying a 7-seater MPV as they go for a family vacation once in 6 months. But for the rest of the day, an additional two seats are wastage of resource and space. In that case, you can rent an MPV. Don’t buy what you don’t need.
Understand Your Daily Running
A lot of people are confused about buying petrol or a diesel car. In Delhi-NCR, CNG is growing as a credible alternative for the two power sources, along with the rising supply of electric vehicles. To tackle them all, one has to understand their daily running. While diesel is less expensive than petrol and has better mileage, a diesel-engined car is at least Rs 1 Lakh expensive than the petrol-engined car. Our calculations have concluded that in 90% of the cases, buying a diesel car over a petrol car is not required. And it all boils down to your basic daily running. So calculate wisely.
Although a car is the second biggest investment in a person’s life, its value depreciates with every passing year. So much is the depreciation in cars that you can buy a 2010 model Mercedes-Benz E-Class worth Rs 55 Lakh at that time for as less as Rs 10 Lakh. And so it’s important to understand the concept of resale value. Nobody would like to lose a hefty amount on cars for nothing but just changing years. To offset this effect, buy a car with high resale value. Certain brands and cars like the Maruti Suzuki Swift command a high resale value no matter when you sell them.
Understand the Vehicle
Now that you are aware of your requirements, brand, price and body type, it’s easy to pick 1-2 vehicles from the vast basket of products on offer. But before you go any further, the last step is to understand the vehicle. While online platforms are good for basic research, the importance of the test drive can’t be neglected. Nothing is more important in your decision process than how you feel behind the wheel. We often tend to marginalize the importance of so many variables, be it seat height, steering feel, pedal position, visibility, etc., you must spend a reasonable amount of time driving the car. Take at least half an hour of test drive inside the city, on the highway and we bet your opinion for the car will change as opposed to your initial research.
The reason for buying used cars for most people is simple. As it is used-car, the second or following owner does not have to take the depreciation hit. Additionally, with the latest technology being used in manufacturing and modern parts, vehicles in modern times are more reliable than they were in the not-so-distant past of Indian motoring. Modern cars are built to a higher standard and last much longer.
However, buying a used vehicle also bring about quite a few uncertainties. These come in the form of the vehicle’s history. Has the vehicle been treated well, are all the papers in order, has it been in a crash previously, one even needs to factor in if the vehicle is stolen or not. So here are six essential used car buying tips you need to know before buying a pre-owned vehicle.
car buying guide india 2020
1. Budgeting: The very first thing you need to do before you buy a used car is to know your budget. Finalise the amount how much your current finances will allow you to spend your willing to spend. Additionally, since you cannot tailor in a particular variant, you will have to take into consideration of certain variants of cars that may or not be available in the second-hand market. So make sure you have some flexibility in your budget and have an upper limit of how much extra you’re willing to spend.
2. Evaluate the Options: Once you have your budget narrowed down, make a list of options that are available in your budget. Make sure to factor in different body styles like SUV, sedan, MPV or even a hatchback. While you can zero in on a particular model you want, you need to be open-minded when looking at the options that are available to you. It is best to list your essential must-haves like safety, interior space, engine size and fuel variant and then find a vehicle that suits all your requirements in that budget. But be ready to compromise if required on different aspects are requirements. Also, check your local laws and find out the maximum registration period for a given type of vehicle. Factor that in that as well and decide how old a vehicle you are willing to buy and how long to expect to keep the vehicle you purchase for.
3. Take Your Pick: Once you finally narrow down the possible choices, go to the dealer or current owner and see the vehicle. Make sure to see it in broad daylight and in dry conditions to get the best understanding of the condition of the car. Inspect the body, interior, engine bay and the paint. Check the available service history of the vehicle as well and also check the tyre tread depth and condition of the tyres of the vehicle. Look for obvious signs of impacts, rust, electrical issues. When everything looks alright, take the car out for a test drive. When test driving a used car, see how the engine performs and if the suspension makes noises when going over bumps and through potholes.
4. Vehicle History: Double-check the paperwork of the vehicle before you narrow down your search. Check the remaining warranty, if it has been modified in any way, if it has been repainted, repossessed, stolen, and if the vehicle has been discontinued by the manufacturer or not. The final point is important as this will dictate how long spare parts of the vehicle will be available for the car.
5. Professional inspection: While it may look nice and shiny for the outside, a used car may have problems underneath the skin. If you’re not that savvy with cars, once you zero in on a vehicle you wish to purchase, most dealers will allow you to take the vehicle for a thorough inspection in lieu of a security deposit. Schedule an appointment and take the vehicle to a trusted mechanic with a lift or an authorised workshop of the brand of the car for a professional inspection. Usually, these workshops charge a nominal fee to inspect. The benefit of that is that the authorised workshop of the brand may also reveal if the odometer has been tampered with or not from their records and also reveal any expenses that you may need to incur soon down the line.
6. The Negotiation: Remember that as the buyer you are in charge as the salesman wants to sell as soon as possible, but you have the right to refuse the purchase. Most sales executives will have tactics to try and extract as much money as they can, so be careful. Provide your offer after all the evaluations and also mention the conditions if there are any (like short time warranty). Make sure to be stubborn with your offer. If you sense anything that is unnerving, walk away from the deal. if the dealer is reluctant to meet your offer, leave your contact details and walk away from the deal if you can. If the dealer is unable to find another buyer willing to eclipse your offer, it is likely they will call you back and accept your offer.
Once the deal is done, initiate all the paperwork to transfer the vehicle to the new owner’s name. Make sure to collect the previous owner’s registration in order to be able to legally confirm vehicle ownership.