Buy your favorite car in Diwali but don't be cheated, know which variant is worth the money, keep these 5 things in mind

New Delhi. Buying a new car is considered auspicious during the festive season, and if you are planning to buy a car on this occasion, it is important to keep some important things in mind. Here we are telling you 5 important tips to choose a 'value for money' car, which will help you in buying the right and affordable car.

1. First decide the budget
According to Pankaj Mathpal, personal finance expert and CEO of Optima Money Managers, the cost of a car should not exceed 50% of your annual income. For example, if your annual income is Rs 10 lakh, you should consider a car up to Rs 5 lakh. This ensures that you take a right decision as per your financial situation.

2. Choose models with only essential features
Many times car companies add such features in expensive variants, which you do not need. This increases the price of the car, but it does not prove to be 'value for money'. Therefore, it is better to choose the features as per your requirement.

3. Avoid dealership accessories
When buying a car, the accessories available from the dealership can be expensive. By purchasing them from outside, you can get a cheaper option and money will also be saved. Therefore, consider buying accessories from the market instead of the dealership.

4. Check After Sales Service
Before buying a car, it is important to pay attention to the after sales service of that brand. Car service is required from time to time and if the service of the company or dealership is not good then you may have to spend more on maintenance. Therefore, investigate this aspect thoroughly.

5. Pay attention to insurance
According to the Motor Vehicles Act, 1988, it is necessary to have car insurance. Driving a car without insurance is not only illegal, but there is also a risk of fine or the car being confiscated. Additionally, considering the increasing number of accidents on the roads, a proper insurance policy is also essential for your safety. Many companies offer attractive policies, so choose the best policy by comparing all the options.

Keeping these 5 important aspects in mind, you can choose the right 'value for money' car as per your budget.

Tags: auto news