Automobile Desk: The decision to buy a new car in the Indian automobile market is not limited to just choosing the vehicle of your choice, but it also depends on choosing the right time. Buying a car at the right time not only saves you from burning a hole in your pocket but also brings many additional financial benefits. Generally, there are three biggest occasions for car buyers – the last day of the month, the festive season and the end of the year. All these three occasions have their own specialties and it is considered wise to choose the right time as per your preference.
Bargain opportunity in the last days of the month
If you have made up your mind about a specific model and its variants, then the last 5-6 days of any month can prove to be very beneficial for purchasing. The main reason for this is the pressure of monthly sales targets on showrooms and sales executives. In the race to meet the target, dealers are ready to offer extra cash discounts, free accessories or relief in insurance to retain the customer.
At this time buyers can negotiate better on their terms. However, one limitation with this option is that if the dealer has already achieved his target, he may not be interested in giving higher discounts. Also, challenges like limited availability of desired color or variant may also arise.
Lots of offers during the festive season
In India, there is tremendous boom in the auto sector during Navratri, Ganeshotsav, Dussehra and Diwali. During this period, automobile companies launch new models as well as launch special edition vehicles in the market.
To attract customers during the festive season, companies offer offers like cash discounts, attractive finance schemes, low interest rates and big exchange bonuses.
During festival times, adequate stock of almost all variants and colors is available, thereby increasing the scope of choice. However, due to high demand, popular trains may face long waiting periods. Additionally, considering the huge demand, dealers offer more benefits in the form of accessories or insurance packages rather than directly reducing prices drastically.
Mathematics of biggest savings at the end of the year (December)
If your main objective behind buying a car is to save maximum money, then the month of December is considered to be the most favorable. In the last month of the year, the biggest challenge faced by car manufacturers and showroom owners is to clear the old year's inventory. Along with this, companies implement huge discount schemes to improve their annual sales figures.
The offers during December are often the biggest all year long. But one practical aspect of buying a car at this time is that the manufacturing year is recorded on the vehicle's registration documents. If you intend to sell the car in the next 3 to 4 years, this may have a slight negative impact on resale value. However, if you plan to drive the car for 7 to 10 years, then the discount in December can prove to be the biggest benefit for you.
Follow the LALLURAM.COM MP channel on WhatsApp