Your Favorite Car- The festive season is going on. Shopping during this time is considered auspicious. If you are also planning to buy a new car this season, then here we are telling you about selecting a ‘value for money’ car in 5 points. ‘Value for money’ means a car that is within your budget and has all the useful features.
1. First of all, decide the budget of Your Favorite Car
Personal finance expert and founder and CEO of Optima Money Managers Pankaj Mathpal says that the price of the car should not be more than half of your annual income. For example, if your annual income is Rs 10 lakh, then the price of the car should be up to Rs 5 lakh.
2. Choose only the model with useful features
Companies also provide many such features inexpensive variants of the car, which are not of your need and you never use those features. The price of such a car is high and despite being expensive, it does not prove to be value for money. Therefore, you should choose only the model with the features you need.
3. Avoid dealership accessories
Dealerships provide many accessories with the car, which are very expensive. Buying these accessories from the market instead of the dealership can save a lot of money.
4. After-sales service of your Favorite Car
After a while or after driving a limited number of kilometers, the car needs service. Therefore, before buying any vehicle, it is important to have complete information about the after-sales service of that company and the dealership. Because this makes it easier to maintain the car.
5. Insurance of Your Favorite Car
According to the Motor Vehicles Act, of 1988, every car owner must have insurance for his car. Driving a car without insurance is illegal. Doing so can result in heavy fines and even car confiscation. It is important to have car insurance not only because of the fear of fines but also because of the increasing number of accidents on the roads. There are many reliable insurance companies in the country, which offer policies with very attractive features. There is a difference in the policies of all these.
