Save Money on a New Car Purchase: These days investing your savings in buying a new car is also an investment as the prices of the car are increasing continuously. Buying a new car is the second most expensive thing for many people after a new house, and every rupee saved counts when the discussion starts about buying a new car in the household. If you have started looking in the market to buy a new car, here are 5 tips to save money on buying a new car.
Insurance
Insurance is included in the on-road price of all new cars. Car manufacturers usually quote more than the cost, so the easiest way to save money is to buy a suitable new car insurance policy cover from the insurance company of your choice. While doing this, do not rush to choose the cheapest deal, look at the policies of several insurance companies and buy the best insurance policy according to your needs. Also, if you have an old car insurance policy, use it in such a way that you can make the most of the savings you get on the offers and No Claim Bonus (NCB). Usually, a lot of money is saved in such a case.
say no to unnecessary accessories
Accessories are another great way to save money. Most of the car dealers persuade the customers to buy rain visors, perfumes, floor mats, seat covers and many other things for the new car. You forbid them to do so. If you feel that any accessories are required, buy them from outside and not from the showroom. By doing this you can save money.
Choose the best loan offer
Most of the car buyers take loan from the bank to buy the car. While selecting a loan to buy a new car, see which bank or financial institution is offering the best and cheapest loan. For this, check the offers of many banks. By doing this you can save a lot of money.
Extended warranty required or not? check it out
New cars are usually sold with a warranty of 2 or 3 years. Companies offer extended warranty with a new car to cover 5 years from the start. For this they also charge extra. In such a situation, you should check whether the extended warranty is required for the car or not. This is because modern cars are built with certain standards in mind. In such a situation, nothing breaks or falls in the car. If the car is serviced on time and regular maintenance is also taken care of, then it can be used for more days with any warranty cover.
Choose the car variant carefully
The biggest savings happen while choosing the variant of the car. Generally, the top variants of different models of car makers are attractive to all, so before buying, think whether you need all the features like large size hi-fi infotainment system, sunroof, wireless charging, leather upholstery.
