Car shopping? Keep these 10 tips in mind before you buy
Fix a budget Budgeting is crucial when purchasing a vehicle. While it is fine to admire luxury cars, overspending can lead to financial difficulties.
Explore various fuel options The main fuel types include petrol, diesel, CNG, LPG, and lithium-ion batteries. If you drive long distances daily, consider diesel, CNG, or LPG for cost efficiency.
Do a comprehensive research Compare different models you are interested in. Many cars offer similar features within the same price range.
Select the suitable body type Choose from these body styles: hatchbacks for city driving, SUVs for spaciousness and versatility, or sedans for elegance and interior space.
Schedule a test drive Taking a test drive is essential to avoid future regrets. It allows you to evaluate the vehicle's comfort, space, stability, and layout in detail.
Keep your budget private Do not reveal your entire budget to the salespeople. They may persuade you to choose a pricier option. Stick to your set budget.
Research EMI and car loan options Before finalising a purchase, thoroughly check interest rates on loans with your bank.
Verify safety features Safety should be a priority. Always check the vehicle's safety rating before making a purchase.
Ownership CostWhen purchasing a car, focus on the overall ownership costs. Consider fuel efficiency, insurance rates, maintenance, parking charges, and depreciation, as these will affect your long-term financial commitments.
Consider resale value Resale value is important to keep in mind. Situations may arise where selling the car becomes necessary. Aim for the best possible value.
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