Expert's Guide: Buying A New Car
Which is the right car for you? It may look like a basic question when you buying a new car, but it's human nature to easily get overwhelmed when looking at a new vehicle. Make a list of your requirements and evaluate them. Is it legroom or performance that you're looking for?
It's pointless to buy a sporty sedan to carry a family of six, regardless of its beauty or functionality. Similarly, if you live in a city, why buy a large car, ungainly off-roader? If you only go 10km per day, why should mileage be a high priority?
Is it better to drive with petrol or diesel? We've developed a buying guide for cars that should answer all of your questions and make your purchasing and selling experience as simple as possible.
The first step is to determine how much money you are willing to spend on a new car. Don't buy a car because of a price advertised on TV, in the newspaper, or on the radio. Before your car arrives home, you'll have to pay taxes and fees, as well as registration fees, dealer fees, and insurance premiums.
A crucial fact that you will have to get your car serviced regularly can skip your mind when you buy a new car, say once in three or five years. It will be difficult and expensive to go 100 kilometers for spares or service. Then, especially in non-urban locations, choose a car with a nearby service facility.
Buyers who want to transfer automobiles every 2-3 years should go for a vehicle from a brand that devalues less in the market rate.
You must also determine what you require from a vehicle. You'll need to calculate the average monthly mileage of a car or the number of persons who travel frequently. There are a thousand extras you'd like in your car, but deciding on a 'needs', 'wants' and 'nice to have' list will save you a lot of time when running the numbers.
Of course, safety measures such as ABS and airbags should always be on your list of 'needs'.
Choosing between Buying a New or Used Car
It's always a good idea to buy something brand new. You will receive an untouched, non-tampered, manufacturer quality assured machine that will be trouble-free to use for a long period if properly maintained. Nothing compares to the scent of a new car, but it comes with a cost: depreciation.
Cars depreciate more quickly in the first two or three years of their lives, and new car buyers must accept this in exchange for the thrill of being the first owner.
Whenever you buy a second-hand or used car, you avoid the most significant depreciation. Cars will continue to devalue in the years ahead but at a lesser rate. New Car purchasers have the option of selecting the engine, transmission, paint color, interior trims, and extras, whereas used car buyers must make do with what is offered.
A new car warranty provides reassurance to new automobile customers. Extended warranties have made it even easier for automobile owners to get their expenses covered in the event of component failure.
There is no warranty for a used car buyer. Many used car vendors now offer 'certified' vehicles, although the certifications are frequently found to be suspect. Furthermore, you may not be able to identify some flaws with the used car during a brief test drive that may arise later.
When you buy a used car, you can obtain a considerably bigger car for the same amount of money –'more bang for your buck.' For the price of a Wagon R, you could get a Honda City, or a Mercedes for the price of a Corolla.
But there's also the upkeep aspect of having a car to consider! Unless you are certain about a car's maintenance and usage history, and you can afford the larger car's maintenance costs, it is always safer to buy a new car.
Choosing between Petrol/ Diesel Cars
Both petrol and diesel engines have their own set of benefits and drawbacks. The distance between them is shrinking by the day, making it more difficult to choose between them. It becomes considerably more challenging when CNG Cars are added to the equation.
Petrol engines have always been smooth and refined, with very little noise and harshness (NVH). However, on average, Petrol costs over 20% more than diesel these days (except in states like Goa).
Petrol engines cars are less expensive than diesel engines cars, costing around one lakh rupees at the very least. For their overall performance, performance fans choose petrol cars.
Companies have overcome the slow and 'crude' stigmas with the newest advances in diesel engine technology, and are now as refined as petrol engines. The latest generation of diesel engines is primarily turbocharged, providing the performance increase that was previously lacking.
Diesel engines are more fuel-efficient than petrol engines due to their inherent higher torque. Because diesel prices are still regulated, it is significantly less expensive than Petrol, bringing diesel automobile fuel expenses to nearly half that of a petrol car.
Taking everything into account, buying a diesel car makes economic sense only if you drive more than 1000–1200 kilometers every month. If your automobile's monthly operating costs are less than that, you can go ahead and buy a petrol car.
Thinking of Buying an Electric Car?
The cost of upkeep is the first and most compelling reason to purchase an electric vehicle. If you buy a car with an IC engine, it will have more mechanical parts and, as a result, maintenance will be more complicated and tough.
Because of their basic structure and function, Electric Vehicles (EVs) are simple to maintain and less expensive to operate.
An additional advantage that an EV has over your current cars is its ability to operate silently. The idea is straightforward: since there is no engine beneath the hood, there is no noise! You may even read a book inside because the electric motor is so quiet of Electric Cars!
In terms of practicality, no matter how quiet a car with an engine's cabin is, an EV may always give a more comfortable ride due to its fully silent operation. Manufacturers have to add artificial sounds to make Electric Vehicles safe for pedestrians because they are so quiet.
One other significant benefit that EVs have over conventional IC engines is their low operating costs. For example, the Hyundai Kona can travel roughly 450 kilometers on a single charge, bringing the operating costs down to even less than a single rupee per kilometer! Isn't it incredible? This is the most crucial of all the advantages of buying an electric vehicle in India!
Do fluctuating fuel prices bother you? If you buy an electric car, you won't have to worry about the daily fluctuations in petrol and diesel prices. While the government alters fuel prices in response to world pricing, you won't have to worry since if you buy an EV, you won't need the fuel. You can drive in peace for the rest of your life!
Other benefits of owning an electric vehicle that you must know are Convenience of Charging at Home, Ease to drive, Environment Friendly and Comfortable Cabin with More Storage Options.
Buying a Car of Your Dreams
If you've decided to buy a new car, you'll need to start looking for cars that meet your criteria, which you've already prepared in the previous section. After you've narrowed down your options, you'll need to visit dealerships to see and feel each vehicle.
Most individuals are scared by the variety of options and the idea of dealing with a salesperson, but if you do your study and prepare yourself by knowing precisely what you want and how much you want to spend, it's as simple as stepping into a dealership and telling them what you want.
You may always google the features and specifications of cars, as well as compare them. If you are not in a rush to make a purchase, you can wait for future releases that may pique your interest.
How to negotiate with dealers while buying a new car!
It really is a buyer's market, which means you can negotiate with salesmen to get a good deal, but you must be ready to fight.
- You need to do some market research before you go automobile shopping so you know how much the car you're buying is worth and how much your trade-in is worth. You'll be in a better position to haggle with the dealer if you do it this way.
- Another research is required to see if the manufacturer/ dealership has any special deals. Additionally, some studies on competitor vehicles, their costs, and discounts would be beneficial.
- Find a dealership that has the vehicle you want in stock, and they'll be more willing to work with you.
- Purchase at the end of the month, when dealerships are eager to meet targets.
- Obtain as many freebies from the dealer as to possible.
- If you know someone who has bought a new car before, bring them along. They will not be swayed by sales tactics that you may submit to.
Getting your new car funded
Some might have the financial means to pay for a car with cash but most of us require financing.
- Determine how much you can manage to spend and how much you can pay back.
- Before you go shopping, arrange your financing, but don't inform the dealer. Dealers frequently reduce the price of an automobile in the belief that they will earn money on the financing.
- Dealer finance is the most expensive; dealers are profiting from the deal by on-selling the finance to you; thus, cut out the middleman and go right to the source of the finance.
- Certain car finance businesses frequently have the lowest interest rates, and some even offer quick loan clearances.
Buy your new car from a local or authorized dealer
- When buying a new car, whether you buy from a local dealer or an authorized dealer makes little difference as long as you get a lower price offer.
- The dealership, whether local or authorized, must supply you with all of the manufacturer's guarantees and warranties.
- In some situations, an authorized dealer may be able to provide you with an extended warranty for your vehicle that a local dealer may not be able to do.