The luxury of owning a new car is second to none for most of us! The latest innovation in automobile technology is the fundamental reason for choosing new over used car.
Buying a new car is a big decision, which can’t be taken overnight. Do proper research before you invest into your next new vehicle to make itv a wise financial decision. At Droom we promote buying both new or used car that fits in your requirements. If you are more inclined towards buying a new, following are a few things to keep in mind before buying a new car:
Before you make your purchase understand your requirements and purpose of buying. Decide about the brand/make, the body type, color, what all features you want, the trim, fuel type, engine, lifestyle requirements and most importantly your budget. With these decided, it be easier to narrow down the cars that fit in your requirements.
Get information about fuel type (Diesel/Petrol/CNG) & average mileage of the car(s) you have shortlisted. The more the average mileage the better will be the fuel efficiency. Also depending on fuel type prices vary, you should choose fuel type based on your daily usage as lesser the daily running one should opt for petrol cars(s) to save money in final purchase and maintenance in longer run.
You also should ask for a preview of products the dealership plans to offer you after you buy a car — such as paint protection, an extended warranty and possibly a prepaid maintenance plan, Complete coverage of vehicle by Comprehensive insurance ,this will save big money in longer run. You can get insurance from Droom as we provide best offer from multiple companies.
Make sure to consider the resale value or depreciation of the car you are planning to buy. Brand value too determines the ability of a vehicle to retain its value. Check fair market price of your used car after 3 years (3 years used as an example here) with Orange Book Value.
Use Affordability Calculator at droom.in to calculate the price range of the vehicle and EMI affordable according to your current income and expenditure. You can use Total Cost of Ownership (TCO) tool available at droom.in. TCO allows calculating and comparing cost of ownership of up to three cars and get cost split for 5 years in terms of insurance, service, fuel, tire change and more.
Test drive the car and do this yourself. Experience and judge the feel of driving the car, and don’t the just drive in your block, try driving on different roads.
If you are planning to go for a loan option, then make sure to get the quotations from different banks or financial organizations. Carefully understand the terms and conditions, then pick the best one. Droom offers new cars with 70% pre-approved loans. Use EMI Calculator available at droom.in to calculate your monthly EMI and interest & principal components of each EMI for the required loan amount.
Check the genuine rating and reviews available at Droom.in and Droomdiscovery.com which are given by authentic users and experts.
Make sure you buy from an authorized dealer only. Check 2-3 dealers in your locality, as they might offer different perks and discounts. Consider buying from Droom to get best price from an authorized dealer.
If you're willing to sell your used car before you purchase a new one, then Quicksell is the best platform of droom to sell it smoothly also OBV (Orange Book Value) is the most trustworthy platform to get the fair market price quote of an old car before selling it or exchanging it with a new car.
You should also consult your friends and relatives who own any of the cars that you have finalized so far. It would be helpful in your decision making as the existing owners would give impartial and unbiased advice regarding the performance of the car.
Once you have finalized the perfect variant of a car for yourself, ask the authorized dealer to provide you a quote with all discounts and offers in written form while understanding the whole thing to avoid any confusion. The auto manufacturers give, though not always, several offers and discounts on their products, some of which the dealers might not tell you about. So, you can check offers on Droom and avail the best offers to make your car purchase more lucrative and save money.
If the final on-road price, after offers and discounts, appears good to you, then its the perfect time to the seal the deal by purchasing the car. You can wrap-up the process by paying the token amount on Droom and you will get the booking confirmation. Once your booking is confirmed pay rest amount at the dealership while getting your car keys at the dealership.
Please do collect all the required document e.g. Insurance Copy/Service Manual/Warranty cards/Registration Certificate etc.
A buyer generally gets confused with the various terminologies with respect to the price of the new vehicle. These terms are applicable to the new cars only. There are two types of prices a user must know that are explained as follows:
Ex-Showroom Price: This is the price at which a dealer sells the new car to the retail customer. This price includes cost of transportation, applicable Excise Tax, dealer margin and more. Ex-showroom price may differ from state to state but it remains same for a state.
On-Road Price: This is the actual price payable by the retail customer to the authorized dealer. It is even called as Invoice Value of the vehicle. This price further includes some charges like accessories costs, State Registration Charges, Insurance charges, Delivery charges (Logistic Charges), lifetime Road Tax, and any additional warranty coverage. On-Road price is the final price a buyer pays, and it may vary from dealer to dealer within the same state.
Car is a big time utilitarian and a luxurious medium of transportation. Customers have multiple options when they start searching for a car. Various cars are different in the body style and capacity. Below find out different types of car:
Hatchbacks are the basic car type designed with a passenger cabin and a cargo section. These cars usually have two rows of seats, and commonly rear seat is foldable (fold-down), making substantial space for cargo. The integrated cargo section can be accessed from the backside of the vehicle by a single, a large flip-up window or top-hinged tailgate. Hatchbacks often are three-door with two entry doors, or five-door with four entry doors. Examples: Hyundai i10, Maruti Swift, Volkswagen Polo, and others.
Sedan is a best choice as a passenger car with two rows of seats and huge space in the rear for adult passenger. These cars usually come with a big trunk space. Sedans are available in two-door or four-door models. Examples: Hyundai Verna, Honda City and more.
SUV, commonly known as Sport Utility Vehicle, is a passenger car with towing and hauling capacity of a pickup truck. SUV has the passenger carrying space equivalent to a minivan along with a station wagon providing on or off-road capabilities. These utility vehicles come with a combined compartment for passengers and cargo. SUVs generally have three rows of seats with a spacious cargo section behind the last row of seats. Examples: Mahindra XUV, Tata Safari, Honda CRV and more.
MUV is an abbreviation for Multi-Utility Vehicle. The shape of MUV is similar to the van, which is designed specifically for personal use. This is taller than hatchback or sedan and designed to offer maximum interior space to occupy more occupants. MUVs are popular for long trips with friends and family. Examples: Toyota Innova, Maruti Ertiga and more.
Convertible cars come with a flexibly operating roof called as retractable hardtop, whether it is made of strong or rigid material as steel. These can be easily converted from coupe to convertible and vice-versa at press of a button. The collapsible section of roof is crafted of flexible canvas or vinyl or an articulated folding frame.
Coupes are smaller cars, also called as sporty version of sedans. These cars have just two doors instead of four. Coupes generally offer passenger space for two in front and two in rear.
Crossovers are the utility vehicle built with the features combining that of a SUV or a passenger car like hatchback. With a unibody structure that of a hatchback or a typical passenger car, crossovers offer perfect blend of hatchback design and SUV design attributes like independent rear suspension, fuel economy, car-like handling, high H-point seating, tall interior packaging, high ground-clearance, or all-wheel-drive capability.
Buying a car is an important investment and decision. Ensure that you are fully equipped with all the details before taking the final call. Buy a new car based on how much you can afford and EMI payment you think you can pay per month, also consider the fuel efficiency, technical specifications, and other important factors. Though sometimes it makes more sense to invest in used cars, but then it’s all about personal choices. Droom offers wide range of options of both used and new cars that’s sure to fit your budget and requirements. Buy now!
If you have a problem with a car you have just purchased just follow these steps:
According to Motor Vehicle Act, Car insurance policy is mandatory. Every car owner should have an insurance which covers third party injury, property damage or death.
With Car Insurance, you can cover-
You can take insurance policy through Droom Insurance we are authorized partner of multiple insurance companies and get the best discount from us.
There are two types :
