Is December the best time to buy your dream car?

Prices will go up next year

Almost all automakers have announced price hike for next year. Some like Tata and Mercedes have already raised the prices of some cars. Audi and Maruti have also officially announced that they will raise prices in the new year.

Year-end offers galore

If you have been looking to buy a car for a long time, you can also take advantage of the end of the year offers. Most automakers have announced offers for December to clear their stocks, with Renault offering up to Rs 1.3 lakh of interest on its cars.

But watch out for the waiting period

However, if you plan to buy one of those popular cars, you may have to wait a bit longer. Due to global chip shortages and Covid-related production shutdowns, the waiting period for cars has increased this year.

Avoid FOMO

These sales tend to create a fear of missing something, which you should avoid if you don't have a particular vehicle in mind. Also note that car dealers often extend their offers from December to January and even months later to sell off old stock.

Missing out on revamped, new models

The main reason to avoid year-end sales is if you want to buy a new model. Most automakers tend to roll out a facelift for newer models. For example, the new Maruti Alto, Mahindra Scorpio and the new Tata Altroz ​​have all been spied on in recent months. Several new cars are reportedly in the works, including Hyundai's minivan and a new version of the Maruti Brezza.

Also Read: 2022 Volkswagen Tiguan Launched In India At Rs. 31.99 Lakh