When Is The Best Time To Buy A New Car In India?
With the festival season fast approaching a lot
of people are looking to buy new cars; But is this the right time to buy a new
car? Find answers to all your new car buying questions on this blog.
Best Time to Buy a New Car in India: Current
Market Scenario
The best time to buy a new car is usually associated with
discounts and a host of other benefits in our country. But in today’s time, the
concept of discounts have somehow vanished due to the ongoing global shortage
of semiconductor and many other parts used in vehicles. This has resulted in
extremely long waiting periods for almost every other car in the market. In
short, it’s a sellers’ market and getting a discount is really a big deal in
itself. Along with this, the added complication of unexpected price hikes every
few months has really worsened the situation.
So now it becomes even more important to plan your next
car purchase at the right time in order to get the best experience.
Best Time to Buy a Car in India: Some Useful
Tips
If you are planning to buy a new car in the near future,
we suggest you to start the process immediately. Planning in advance will
definitely give you an edge as you will have plenty of time at your disposal to
choose the right car and pass the waiting period time with utmost ease.
In the meanwhile be prepared for a price hike and that’s
where our 2nd tip kicks in. Keep some part of your total budget supplementary,
so that you can easily take the extra financial hit.
Based on recent trends, car companies usually hike the
price in the month of January, April, and sometime around August and September.
So you can plan your next car purchase prior to these most expected price
hikes.
Best Time to Buy a Car in India: October to
January?
Generally, the time span from October to January is
considered the best time to buy a new car. There are a number of
reasons for this, the first being the deals and discounts around the festive
season. December is the month when the dealers often clear their stock and you
can undoubtedly grab a great deal. If you are okay to buy a previous year
manufactured model, January is the best time for you. The dealers will no
longer want to carry the burden of an old model and he will likely offer you a
good discount. Although the above case is not applicable to most popular cars,
you can still expect some portions of it with the cars with low sales. If not
some cash discounts, you can ask the dealers for an exchange bonus, service
packages, or an extended warranty. This situation will likely ease out in a
year or two, and then you can easily put these techniques into place and make
the best out of this highly beneficial time span.
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