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Essential Tips for Buying a Car This Dhanteras

Make smart choices while buying a car this Dhanteras by deciding on a budget, fuel type, and festive deals. Ensure full protection with the right car insurance policy.

  • 30 Sep 2024
  • 3 min read
  • 273 views

Dhanteras is one of the most auspicious days for new beginnings, and purchasing a car on this occasion can bring good luck and blessings. If you plan to buy a car this Dhanteras, the following tips can help you make a good purchase decision.

Tips for buying a car this Dhanteras

The following are some tips for buying a car this Dhanteras -

  1. Decide on a budget

Before looking for a car, decide on a budget, and check if you are eligible for a loan from banks or financial institutions. Taking a loan with flexible repayment options and low interest rates is best to ease your financial burden.

  1. Choose the right fuel type

This is an important decision as it impacts the cost of a car and the driving experience. While petrol cars promise better acceleration and performance, the fuel costs are higher. On the other hand, diesel cars offer better fuel efficiency, torque, and consistent power output. However, they are noisier when compared to their petrol counterparts and their initial purchase price is higher. Therefore, compare both these options and choose one that best matches your requirements.

If you are looking for an eco-friendly option, you can check out electric or CNG cars. Although these cars have a higher initial cost, they can be cheaper than petrol cars in the long run.

  1. Select a car

Once you know your budget, preferred car, and fuel type, shortlist a few cars, and compare their features and benefits. You can then zero in on one that best matches your requirements. Checking expert reviews and making a well-informed purchase decision is also advisable.

  1. Look for festive deals and discounts

Many manufacturers and dealers offer attractive deals, discounts, and promotional offers during this time of the year. Hence, look out for these festive offers to save on your purchase.

  1. Avoid add-ons

Although sellers promote add-ons when you are purchasing a car, many may not be useful or necessary. Therefore, choose add-ons carefully, as each one will increase the overall cost of your vehicle.

  1. Buy car insurance

Whenever you buy a new car, you must cover it under a third-party or comprehensive car insurance policy to avoid legal issues. The Motor Vehicles Act of 1988 makes it mandatory for four-wheeler owners to cover their vehicles under a third-party liability car insurance policy that protects the policyholder against third party liabilities. However, since this type of insurance doesn’t offer coverage for own damage or loss, many opt for a comprehensive car insurance policy. A comprehensive car insurance policy covers own damage as well as third-party liabilities.

Another benefit of buying a four-wheeler during Dhanteras is that you can get car insurance at competitive prices. Hence, keep an eye out for discounts on policy premiums and other offers. These will help you cover your vehicle against accidents or damage at affordable rates.

Conclusion

Buying a car during Dhanteras can be a rewarding experience. You can take advantage of festive offers and discounts and save big. Moreover, you can also save on car insurance premiums and enhance your overall savings while securing your new vehicle by doing thorough research.

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Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

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