For us, especially middle-class Indians, buying a car is a big opportunity. We spent almost all of our savings on buying a new car. Also, we care for it like a member of our family. Nobody wants to make a wrong decision by making a rash decision. As the saying goes, rush spoils curry, do your research before you buy the car. A shiny new dashboard, a smooth ride, new upholstery, the sparkling scratch-less paint excite us. The endless trials of paperwork, registration, insurance, and EMI can be overwhelming, but they are essential to a carefree life. Here are five things one should check before buying a car.
Make Sure To Have All The Important Documents Ready
After buying a car, the first thing you need to do is register it as soon as possible at your nearest RTO. You will need to pay the vehicle tax at the time of registration. When registering, you must have the following documents.
- Form 20
- Form 21
- Form 22
- Form 34
- Proof of identity
- Address Proof
In addition, you must always have these documents with you penalty-free driving.
- Driving License
- Car Insurance
- Pollution Under Control (PUC) Certificate
- Registration Card of the car
Finalize your budget before buying a new car
Buying a car is an important decision and should be made with your financial situation in mind. Ex-Showroom price is lower than on-road price, so think wisely; If you can pay the final price. Do the calculations and visit as many showrooms as possible. You can also get a car loan, and most banks charge an interest rate of 7%. However, always remember the rule of thumb; No one should spend more than half of their annual income to buy a car.
Take a test drive before buying a car
All showrooms offer a test drive feature; Always utilize it. Driving a car on the road will give you the experience and you can check whether you are comfortable with the functions and mechanisms of the car or not. Try to drive the car on the normal roads you intend to drive and park where you will park it after you buy it. Also, sit in the seats to check if there is enough legroom, shoulders, and height. Take your family and see if the whole family is comfortable or not.
Choose A Car According To Your Family Size
Choosing the right type of car can be a daunting task, but it is not impossible. First, the type of vehicle should depend on your ability to drive. If you like to drive fast, you can probably buy an SUV, but if you like to drive slowly, you can buy any basic car; In addition, the size of your family matters. If you have a small family, do not waste your money buying a large car for eight seats; Instead, buy a four-seater or vice versa. These will help you narrow down your ideal car type.
Check engine and safety features
Security is mandatory and there should be no room for negotiation. The safety feature is crucial to consider before buying a car. As of October 2019, as part of standard equipment, the Indian government has mandated that all vehicles have dual airbags, ABS, and reverse parking sensors. Additional safety features such as electronic stability control, autonomous emergency braking, and power steering between crowds should be preferred. Engines also play an important role in determining the efficiency of a vehicle. Different cars have different acceleration capacities, and one should always look for the engine capacity according to their skill.
Also Read: How your motor insurance policy changes after installation of LPG/CNG kit