The coronavirus outbreak that started in December is still in effect with over 79 lakh cases worldwide, the virus has changed our lives completely. Social gatherings, travelling and even going out for a meal has become a risky affair. The public transport which has been a backbone of the world since the beginning has become extremely unsafe. With the new social distancing norms, owning a private vehicle has become a necessity.
Studies show that car sales are expected to rise post COVID19. The buyers will majorly include that of first car buyers while the previous SUV trend will be replaced by hatchbacks. In the post COVID19 scenario, a private car will be one of the safest and most comfortable means of travel. Buying a new car can be tricky. It is really important to know what type of car you need since a car will be the 2nd biggest investment you will make in your life. The recurring costs will also consist of maintenance and the fuel costs after you buy a car. So here are some key factors you should consider while buying a car.
Decide what car you want and for what purpose. If the car is to travel to and fro college, office a hatchback will be a better choice. If you are into luxury vehicles and prefer comfort over cost, opting for a sedan is better and if you have a huge group of friends or a large family that will be travelling with you often, opt for an SUV or MUV. The type of the car can also reflect on your social status so keep that in mind as well.
Here is a checklist to summarize the ‘right car’
How many passengers the car will be carrying?
Your type of drive. i.e. highway, off-road or city roads
Is fuel economy important?
The features you want in your car
Safety features of the car
What boot capacity do you need?
Will you be using ISOFIX child seat?
How much parking space do you have?
Does the car define your social status?
Most of the part of buying a car includes setting up a realistic budget. Your budget can vary on different aspects like your earning, spending habits and repayment of monthly instalments. But how much should you spend on your car? That depends on a few factors:
Would you like to opt for a loan?
How much EMI amount can you afford to pay if you take a loan?
What is the purpose of the car?
Features, tech you are specifically interested in and willing to pay more for.
When the budget is decided, make sure it does not interfere with your cash flow too much. Investing a high amount for a depreciating asset especially if you do not own a house yet is not advisable. Managing your money is a huge part of car buying so make sure you have thought it through.
3. Lease or Buy
Leasing has become recently popular in India. Leasing could be a great way to own a vehicle especially if you are not too sure about owning it for a long period. If you would like the car to be a family member and tend to have an emotional connection, buying a car would be the right choice for you.
Whether to lease of to buy will also highly depend on your occupation and budget. If your work allows you to pay more upfront, buying will be a better option but if you are someone with a fixed monthly income, leasing would be the way to go. As a general rule, your EMI should be that of 15% of your deducted salaries while a lease payment should be of 10% of the deducted salary.
Whether you are leasing or buying, the ownership of the car will be in your name. if you are someone looking to own the same car for a very long time, you should opt for buying instead of leasing. But if you are a person that prefers driving a car with the newest tech and features, leasing is the perfect option for you. So basically, leasing or buying comes down to the type of person you are. So make sure you research before you decide.
4. Compare your Car
Once you have decided on the purpose, budget and the ownership option, you must be having a car on your mind. But in this current market, new cars are being introduced or are scheduled to be introduced regularly; the newer model could be sometime the right car for you. Even if you have your heart set on a certain vehicle, you should still review the cars similar to it. Comparing similar cars can be beneficial and sometimes crucial in the prevention of not missing out any details.
Mynewcar.in lets you compare your cars easily. Mynewcar also shows similar car suggestion to make comparing the cars much easier.
5. Cost of Ownership
Spending for a car does not stop at just buying. A car has a fixed payment as well as recurring costs. If you do opt for buying a car, you have to make sure to set aside enough for fuel, maintenance and in some cases, upgrades. Some cars that are cheaper to buy may cost more to own and vice versa. In the case of two similar cars, one may depreciate faster than the other. So before you buy a car, you should estimate the long term cost of owning the car.
6. Finding the Car
This is one of the easiest steps to buying a car. With the current lockdown scenario, car buying is mostly done on the online platform. You can visit mynewcar.in to buy or lease the car you love in just a few minutes. All you have to do is tell us which car you are planning to get and our customer service representatives will take it from there.
7. Test drive
In the current COVID scenario, test drives are still offered with the continuous sanitization between each test drive. You can also visit the dealership with an appointment and test drive the car you select.
8. What to look for while test driving?
The total area of the car. Head and Leg space of the backseats also the width of the seats. The boot space should also be paid attention to.
Try to select your regular route for a test drive and see how the car drives. Driving the car in regular traffic is its ultimate test.
While driving listen to the noise in the car. The engine noise should not be too loud to make you feel uncomfortable.
Enter and get out of the car a few times. See if it's comfortable. Check the passenger as well as backseat for comfort.
9. Selecting a Car
Once you are done with the test drive you are free to choose your car. if you are still confused you may need to take a few days to decide further and if you still have doubts you can reevaluate the entire process and start all over again. The important thing is to be content and happy with your choice.
10. Just sit back and relax
If you are booking the car through mynewcar.in, you can just sit back and relax. once you book the car, there will be no further hassle of picking up. Your chosen car will be delivered at your doorstep just within a few days.
buying a car is a big decision and it is okay to take your time with it. Once you do decide on your car, make sure you are completely comfortable with your decision.
Explore MYNEWCAR.in. We are an online marketplace which simplifies the car buying process by providing a transparent, convenient & safe purchasing experience. You can get Brand neutral expert advice, Search Cars, Compare Cars Online, Book a Door-step Test Drive with a click, Get On-Road Price, Offers & Discounts and Book your new Car Online.
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