: Limit financing to 48 months to avoid "depreciation woes" where you owe more than the car is worth.
: As new versions arrive (typically in spring or late autumn), dealers offer deep discounts to clear out the previous year's inventory.
: High-mileage drivers can often offset a slightly higher monthly payment with fuel savings. new car buying advice
: Account for registration, road tax, and routine servicing, which can add 10% or more to the initial cost. 4. The Final Pre-Delivery Inspection (PDI)
: Salespeople are often pushing to hit volume targets and may be more willing to negotiate on specific models . : Limit financing to 48 months to avoid
Experts from IDFC FIRST Bank recommend this framework to keep your purchase affordable:
: Ensure your total monthly car expenses (EMI, insurance, fuel, and maintenance) do not exceed 10% of your gross monthly income. 2. Strategic Timing for Better Deals : Account for registration, road tax, and routine
: Check engine oil, coolant, and brake fluid. Test all lights, wipers, and the AC system.