Buying a new car is always an exciting occasion! It is even a dream for some people that it becomes an important decision that requires careful planning. Hence you need to as yourself the following set of questions before buying a car.
- What kind of car suits my lifestyle?
Think which type of car will suit your lifestyle. Do your basic research to know if it will fit into your budget, bearable maintenance costs, durability, etc. Analyze if you need a hatchback, sedan or SUV, besides looking for the features you wish to have in your car.
- What is my budget?
There are cars that ranges from as low as 1.5 lakh to more than a crore! So you need to identify the car that comes under your budget. While buying the car, also look into the right insurance option.
- What is the reason for getting a car?
You need to think why you need a car before buying one. Figure out if it for daily commuting, recreation, weekend trips, driving in the city or highway. These factors will give you an idea on what kind of cars to choose!
- What would be my EMI if I take a loan?
There are a lot of financial institutions that gives car loans. Choose the best one in the industry that charges low fee and think about if you can pay the EMI regularly without defaulting it.
These a few basic components that you need to look into while buying a new car.