Buying a new car is quite an event in India, especially for a middle class family. There are celebrations in the house and the brand new car is treated just like another member of the family. The major challenge before all of this takes place though is actually making the right and an informed choice as to which car to buy after all.
Now, there are a number of factors that can influence your decision, right from the kind of fuel that it consumes, to the features offered and even its resale value. Such a large number of factors can, however, lead to consumers getting increasingly perplexed about their decision. So to help you make a more informed decision, we’ve made a list of 5 factors to consider while buying a brand new car, especially in India.
What shall my new car feed on?
Should I go in for a car with a petrol engine or a diesel one? That has been quite the quintessential question for car buyers ever since these four wheeled machines started rolling on the roads. The petrol versions are often more spirited and energetic, and comparatively cheaper to buy as well, but with the fuel itself being more expensive, the operating cost could turn out to be higher in the long run. The diesel cars, on the other hand, have a relatively lower operating cost but need maintenance more frequently too. Then, there are the CNG and the electric ones as well. These fuels are cleaner, with the latter one thought to be the cleanest of them all. However, you’ll have to pay attention to whether there are enough CNG or electric charging stations in your locality before you decide to buy one.
Do I like it Manual or Automatic?
Cars with automatic transmissions are easier to drive, especially if you’re living in a place that is prone to traffic jams. However, they’re also more expensive to buy and give lesser mileage than those with manual ones. Some also prefer the joy that comes with driving a stick shift. In the end, it is a very personal choice that you’ll have to make.
The Resale Value
Cars are commodities that depreciate real quickly and then there is the issue of frequent upgrades as well. So the resale value of your car is one factor that you’ll certainly want to look into before you make your purchase. It might take a bit of research and effort, but it’ll certainly pay off in the end, quite literally so.
Features: Comfort, Entertainment, Safety
While most cars do not differ much when it comes to comfort and entertainment (all top versions of cars, with certain exceptions, in the same range have pretty similar features), safety is one aspect that you’ll definitely wish to take a look at. Features such as dual airbags and ABS are all set to become standard in India very soon, but you could also look into others such as Electronic Stability Control and Autonomous Emergency Braking to help you make a more informed decision.
Insurance and Financing
Buying car insurance is compulsory in India but which one to buy is the question that often leaves most buyers quite confused. Your best bet would be a comprehensive car insurance that provides for certain add-on features (for example, ones that cover your engine and consumables) as well. If you’re also planning to take a car loan (we’d strong suggest that you do), it would be prudent to compare the loans offered by different financing institutions before you narrow down on one.