Buying a car is not a child’s play and when you are buying a new car for the first time, there are a number of things that one need to take care of. Buying a car without preparation is like playing a perfect gamble. There are a number of things that a car buyer should follow in order to control the whole car buying process. Below are some of the important tips that will help you in finding a perfectly suitable car exactly as per your needs and requirements and that at a fair price.
1) Budget: – First of all set a price limit for your new car. A price limit or budget is basically the money that you want to spend for purchasing this car. The price limit should be set on the basis of your financial conditions and the amount of monthly installments that you have to pay after taking that much of money on finance.
2) Car Type: - Once you have set a particular price limit for your prospective car, it’s time to select a particular car type. Select a car type that suits your and your family’s needs and requirements the most. For instance, buying an SUV (sports utility vehicle) will remain highly suitable for you if most of your drives remain on off-roads like jungle safari or rocky terrain. On the other hand, for long drive highway comfort, buying a sedan will fall better utilizable.
3) Search for Better Options: – Once you have decided to buy a particular car type, research for available options in your price limit. Always make your decisions on on-road price instead of considering ex-showroom price of the car. Shortlist three to four car models of your preference and compare the aspects like features, price, looks, after sale service and resale value.
4)Test Ride: – Take test ride of all of your selected options and see if their performance and features matches to your needs and preferences. Select the car that turn out best in all segments.
5)Price Negotiation: – Once you have finalized a particular car, it’s time to take price quotations from at least to three dealers of the same car in your locality, if possible. If you are purchasing the car on finance than take quotations for at least two leading auto loan providers instead of blindly accepting the finance scheme offered by the car dealer. Go with the dealer or financier that offers the best price.