Diwali in India presents a golden opportunity for car buyers, with manufacturers vying for customers through special offers and discounts. Planning to buy a new car this Diwali? Here’s how you can maximize your savings.
Take Advantage of Festive Deals
During the Diwali season, car manufacturers roll out attractive offers, including cash discounts, exchange bonuses, and loyalty rewards. Many brands also offer complimentary accessories or service packages. Consumers can potentially save a substantial amount, ranging from ₹20,000 to ₹1 lakh, by utilizing these offers.
Compare Prices Online and at Dealerships
Online portals and e-commerce platforms often feature competitive pricing on car purchases. It’s advisable to compare prices both online and at dealerships before making a final decision.
Get the Best Value for Your Old Car
If you have an existing car, consider exchanging it when purchasing a new one. Diwali often brings enhanced exchange bonuses. This can lead to significant savings by securing a favorable valuation for your used vehicle.
Evaluate Loan and Financing Options
Most car buyers opt for auto loans. During Diwali, banks and NBFCs frequently offer loans at reduced interest rates. Look for options such as zero processing fees or no-EMI periods. Comparing offers from various banks can result in considerable savings on interest payments over the loan’s lifespan.
Negotiate with the Dealer to Your Advantage
While festive offers are typically predetermined, negotiating with the dealer can unlock additional savings. You might be able to secure benefits like free car accessories, complimentary insurance, or service packages. Strategic negotiation can lead to increased cost savings.
Consider Year-End Stock Clearance Offers
As the year-end approaches after Diwali, dealerships often aim to clear out older stock. Vehicles from the 2024 model year may be available at significantly reduced prices. Although the model remains the same, the price difference can be substantial.
Book Your Car at the Right Time
Early bookings made before Diwali can sometimes lead to better offers. Companies frequently provide special incentives for early customers. Booking at the opportune moment can also help ensure timely delivery and potentially offer price advantages.