India is a land of festivals and celebrations. We make opportunities to celebrate life with our loved ones. Buying a car in India is like a festival for the family. It is not less than a marriage festival. Finding the right girl for marriage and deciding the right car is the same thing. Both take time and a lot of stages. If you are also planning to buy a new car, you must check the ideal time to buy that car. Don’t get me wrong. There is no need to take out a “Shubh Muhurat” from your priest or "Pandit ji". You just have to consider some steps to find out an ideal time for your car deal. Take a look at these points:
Fix all the holes before applying for a Car Loan
In India, buying a car is not an easy thing. According to statistics, in India, 85% of the new cars are sold on a car loan. Purchasing a car is like a “pie in the sky” for the middle c-squeezed families of India. Car Loan is a common way to get finance for your car. You can get a car loan easily from any bank. However, you have to take care of some steps. A higher down payment and regular EMIs can trim your car loan burden, and you can save enough money to cherish your life. Avail the best car loan according to your needs. Consider funding amount, interest rates, loan tenure and eligibility before applying for a car loan.
Calculate your Financial Health
Before availing a car loan, make a financial budget. Calculate your expenses, income and savings. Exclude your EMI amount and start saving. If your financial health is good and you can afford the Car Loan EMIs, then this is the ideal time to buy a car. Purchasing a car should not affect your financial health.
Use Festive Discounts
As India is the land of festivals and celebrations, so you must use this time for your profit. In the new financial year, after March, you can think to buy your car on Akshaya Tritiya. After this festival, you should wait for Monsoon. Monsoon is the season in which the leading automakers used to launch new cars. In this July, you can enjoy the debut of upcoming cars like New Generation Honda Jazz, Hyundai Creta, and Maruti Suzuki S-Cross. If you are not financially prepared for Monsoon season, you should wait for 2 months. After 2 months, it will be the time of rich and incredible Indian Festivals. You can plan to buy your dream car on Rakshabandhan, Navratras, Diwali, Bhaiya Dooj, Christmas, New Year, Sakranti, and many more such festivals. You can enjoy discount offers and gift vouchers launched by different automakers.
Debut of New Cars
The auto industry of India is growing at a good rate. The Indian market is tempting the auto companies and making them launch new and exciting vehicles. Mostly the auto companies launch new cars on the occasion of festivals and in the new fiscal year. If you are waiting for some specific car, you can wait for the ideal time. Use the festive discount offers or new car gift vouchers and buy your dream car.
So, calculate the ideal time for buying your dream car. Check your financial health, decide your car, apply for the right car loan and purchase your car at the ideal time. Ride your dream car and cherish your life with your loved ones.