best way to buy a car

Buying A Car? – Here Is The Best Way To Buy

As the nation develops, the need for car also develops because of various reasons such as increase in purchasing power, increase in distance, general superiority complexes etc. Buying a Car is no less difficult than buying a home. There are numerous options available in market looking at the growing demand for cars. It is very much difficult to find the one perfect car out of multiple options.

The process of buying car starts by thinking of buying and end when it is actually bought. Here is the best way to buy a car.

  1. Deciding Budget

best way to buy a car

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First things first, the budget should be maintained. Without proper budget there are chances that one may decide to buy a car which he cannot afford. Even when budget is decided, you can explain the sales person what exactly you want to buy.

  1. Whether to Buy or Finance or Lease Car

best way to buy a car

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It is economical to buy car in cash rather than Financing it if you want to avoid the interest cost. But if there is no liquidity of money, car can be financed or leased from the market. Even when car is financed the best option should be chosen which is having least interest burden and providing sufficient period to repay the debt.

  1. What are your Requirements?

best way to buy a car

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You should first know what are your requirements regarding car. What is your family size and how big car you want, What specifications you want to have in your car, How much boost do you need, Do you need car to travel to long distance or not, What kind of facilities you expect from car, etc. should be known.

  1. Research

best way to buy a car

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You must do proper research for the cars which meet your specifications and expectations. The shortlisted cars should be then searched on internet. The reviews given by the persons who have already bought the car should be analyzed.

Also the value the car carries should be analyzed. There are certain cars which hold good value throughout its useful life thus it can be beneficial if you want to have modification or in worst case have to sale it.

  1. Which is the best period to buy a car?

best way to buy a car

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Usually all the industries are working on target. These targets are generally Quarterly in the car industry. One must try to buy the car in the last month of quarter. When the targets are not achieved in the first two months of quarter, the sellers provide huge discounts and other related benefits which helps the buyer to buy a car at a best price. Also negotiation is very much important while buying car as there is always room for negotiation.

  1. Analyze the cost of car

best way to buy a car

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Before buying a car one should analyze the cost he needs to pay while buying car. The cost includes following costs:

Purchasing cost of car , Cost of Insurance , After sale service cost , Maintenance cost , Petrol, diesel or any other fuel cost ,Interest cost(if financed).

It should be seen if the car is economical and the buyer is ready to pay this amount or not.

  1. Test Drive and Finalization

best way to buy a car

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Test drive is must in order to have complete knowledge of the car and its specifications. One must see whether the gears are proper or not, the room for sitting is upto the mark or not, the purpose for which car is purchased is fulfilled or not, overall working of the car is acceptable or not, etc.

One must always keep these points in mind while selecting the best car and buying the same. By following this checklist you will be able to choose the best possible option in a smart way and then you are good to go.