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Unable to decide which car to buy? Here are some tips!

After buying a house, the second major investment we do is purchasing a car. With so many models available in the market, it has become increasingly difficult for us to choose the right one. To make life easier for you we have come up with a solution that will help you in choosing the right car.

Know your requirement first:

Before fixing a budget and shortlisting models, it is important to know your requirements/priorities. Understand the very purpose of buying a car. Ask yourself these questions.

1. For what purpose will the car be used?

2. How many kilometers will the car run daily?

3. Will it be chauffeur driven or self-driven?

4. Do I require a manual transmission or an automatic transmission?

5. How many people would I be carrying along?

6. What are the mandatory features I am looking for?

Once you have answered these questions, it will become easier for you to choose the right car. For Instance, a first-time car buyer with a family of four would ideally use his car for home-office-home commute and go for occasional weekend getaways. His/Her requirement will be a fuel-efficient car with ease of driving in city traffic. A hatchback with an automatic transmission would make perfect sense for him. On the other end, if you are the one who lives in hilly terrain, has rough roads and goes on long trips, a Sports Utility Vehicle (or) SUV would be the perfect choice for you. SUVs are known for their high ground clearance, four-wheel drive capability, generous legroom and a commanding road view.

Service, Maintenance and Repairs:

These days, thanks to the various finance options available in the market, it has become a whole lot easier for us to own a car than maintaining one. When you are shortlisting the models, don't forget to check their service cost and parts cost. Few brands can burn a hole in your pocket. Also, make sure the brand has adequate service centers in your city and 24x7 roadside assistance.

Resale Value:

It's a well-known fact that automobiles are a depreciating asset. We also tend to replace our car after a few years of usage. So, choose cars which have good resale value. Usually, cars that have topped the sales chart constantly for months/years have good resale value.

Safety:

This is one area where buyers (especially in India) often neglect (or) don't pay much attention. While many of the buyers focus on fuel efficiency, it's high time that we shift our focus to vehicle safety. Thanks to organizations like the Global New Car Assessment Program (GNCAP) for crash-testing cars, buyers now have some awareness about a car's built quality and it's structural rigidity. Having safety features like dual airbags, Anti-lock braking system (ABS) and Electronic-Stability Control (ESC) will keep you safe during your commute.

Insurance:

Vehicle Insurance is something that not only secures our purchase but also gives us peace of mind while we are on the go. Given India's chaotic roads, things can change rapidly in a blink of an eye. While vehicle insurance has been made mandatory by law, most buyers find it tough in choosing the right one. Especially between a basic third party insurance or a comprehensive car insurance. We at Cholamandalam car insurance feel that a comprehensive car insurance with an add-on that covers depreciation will be a sensible one.

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