How to Easily Buy a Car in Delhi
How to Easily Buy a Car in Delhi
Posted on October 5, 2021
Buying a car is a massive financial decision. With the average car loan being 84 months long, you need to do your homework if you hope to get a good deal when you buy a car in Delhi.
There is a significant amount of conflicting information on the internet about which approach is the “best”, so our Delhi auto loans team are grabbing the bull by the horns and giving you the straight facts on how you can easily buy a car in Delhi.
What make and model of car do you want to buy
You probably have a car that you are thinking about buying, if not then you should start doing some preliminary research to figure out whether the car is worth your money.
Please be cautious about which websites you go to for customer reviews, some websites post biased reviews.
After you have found a few vehicles that have great reviews, take a look to find out if any of your local car dealerships have the specific models you are interested in buying.
While you may find private individuals selling cars on platforms like Kijiji and Autotrader.ca which is convenient, but you should only buy from licensed businesses.
If you buy from a private individual, you are not protected should the vehicle be a lemon or if the seller is a scammer.
Booking a test drive
Try to book a test drive on Monday morning which is when the dealership is usually very quiet. Since there are not many people at the dealership, you will be able to get a more personalized car buying experience.
Another benefit of going for a test drive early in the week is the car salesperson is eager to get a sale to hit their quota so you should be able to get a better deal.
After you have gone for the test drive and decided you like the car, it is time to start talking numbers with the salesperson.
The salesperson has a job to do, they want to sell you a car and you want to buy a car, the challenge is figuring out what makes financial sense for everyone.
Taking control of the situation
You are always in control of the car buying experience, be sure to keep that in mind.
Some people feel they have to make an immediate decision when buying a car or they will miss out on a great opportunity. That’s not true. Take your time if you need to or make an instant decision is you don’t.
Having your financial ducks in a row
Interest rates are artificially low right now, so if you have average or even slightly above average credit you will be able to get a low-interest auto loan.
Before heading over to the dealership, sign up for a free credit report service and make sure there are no mistakes.
Bring your latest payslips and income tax notice of assessments, if you can’t find your assessments you can print them up online. Having these documents with you helps make the auto loan underwriting process much easier.
Something that the lender will ask is whether you want insurance on the loan. This insurance will protect you should you lose your job or become disabled. There is no right or wrong answer when it comes to this question but if you are concerned about paying the loan then you should opt for the coverage.
Buying a car can be intimidating at times but after you have gone through the process, you will realize that it is quite straight forward just make sure your credit score is in good shape.
Contact Unique Chrysler for help, advice and competitive Delhi car finance and leasing.