The holiday season continues. Shopping in this area is considered auspicious. If you are also planning to buy a new car this season, then here we tell you about selecting a “value for money” car in 5 points. “Value for money” means a car that fits your budget and has all the useful features.
1. Decide on the budget first Pankaj Mathpal, personal finance expert and founder and CEO of Optima Money Managers, says the cost of the car should not exceed half of your annual income. For example, if your annual income is Rs 10 lakh, then the price of the car should reach Rs 5 lakh.
2. Choose only models with useful features Companies also offer many such features in expensive variants of the car, which are not necessary for you and you never use these features. The price of such a car is high and although it is expensive, it does not prove to be good value for money. Therefore, you should choose only the model with the features you need.
There are 4 types of features in the car…
Unnecessary features – Such features are just for show and are rarely useful.Less important features – Work can be carried out without these elements or they can be installed from the outside.Important Features – Such features are useful in daily life, they also include security features.Safety Features – The number of safety devices in the car is very limited. Apart from this, the structure should also be strong.
3. Avoid Dealership Accessories The dealership provides many accessories with the car, which are quite expensive. Purchasing these accessories from the market instead of from the dealership can save a lot of money.
4. After-sales service After a certain period of time or after driving a limited number of kilometers, the car needs maintenance. Therefore, before purchasing a vehicle, it is important to have complete information about the after-sales service of that company and dealership. Because it makes the car easier to maintain.
5. Insurance According to the Motor Vehicles Act 1988, every car owner must have insurance for their car. It is illegal to drive a car without insurance. This could result in a hefty fine or even confiscation of the car. Not only for fear of a fine, but also due to the increasing number of accidents on the roads, it is important that you have car insurance. There are many reliable insurance companies in the country, which offer policies with very attractive features. There is a difference in the policies of all these countries.
Click here for complete information on precautions to consider before purchasing insurance…
What precautions should you take when buying a car
You should always choose the car according to your needs. Do not finalize the transaction from just one showroom, to get a better deal, finalize the transaction by taking quotes from three or four other dealers. Whatever car you are going to see in the showroom, get complete information about it from the seller. Learn about all the features and engines. Apart from this, also take the car for a test drive. If you need a loan, first of all you need to know the interest rates of different banks and finance the car with the bank that provides the loan with the lowest interest rate. rate.