Buying your first car is exciting, but there is a lot to manage. Planning ahead can make your process easier – and help ensure you end up with the best car for you. Often incomplete planning gets people to end up closing bad deals.
Here are 5 basic steps to help you choose the right car
1. Set your budget: There are only two ways to buy a car: pay cash or take a loan. Budgeting should be the prime aspect of buying a vehicle. Most people forget to set aside money for processing and insurance as well as accessories, plan your budget in account of all your needs accordingly. It is often advisable to take out a car loan so that you can protect your savings.
2. Choose the right car: One needs to allot some time to think about how one plans to use the car – a fancy sports car, a SUV, Sedan or a hatchback. Then it comes down to narrowing the field and listing the must have features. After which you can select a model and look out for a good car. Make a vehicle drive report after a test drive of the vehicle.
3. Offers and discounts: Most cars companies in India offer discounts and special prices on periodical basis. Make sure you calculate all your applicable discounts or offers and plan accordingly to buy your first car.
4. Paperwork: Once the deal is closed, the company shall finish up the paperwork for you and proceed with all the formalities for assigning you the ownership. Be prepared to sign a lot of papers.
The market for used cars has been emerging in India. There are plenty of incentives to buy a used car instead of a new one. Though it turns out to be a tricky business for a lot of people because one cannot decide the quality of the car without inspection with the help of a professional.