Your dream car purchase made dreamier with the best deals

Buying your dream car just became a whole lot easier. With the best deals in the market, your drifting beauty will soon be at your doorstep

Buying a new car can be an exciting event for any family. You will be using the car for years to come, and thus you should make sure you make the right decision. It is also an expensive buy; hence, discounts and deals on the car's price and a car loan can save you big bucks.

Here's a look at some of the factors you must be wary of when buying your dream car: 

Fix a budget

Cars come in all price ranges. Before anything else, you need to go through your finances and figure out the amount you are most comfortable with. Factor in your registration and road taxes, EMI, insurance, etc., to determine your budget. If you are taking a car loan, you will be required to service EMIs for at least three to five years. So, make sure the overall car price is in your budget so that EMIs don't become stressful.

Decide on the model

Once you know your price range, then begins the mammoth task of deciding on the make and model of the car. You need to choose between hatchbacks, sedans, SUVs, hybrids, and so on. You also need to figure if you want a petrol, diesel or electric version. Once you have the exact model you want, decide if you want the base model, mid-range, or top end, depending on the features you require.

Negotiate on the price

Most car dealers will give you a discount to close the deal. Make sure you ask them the best price they can offer. Visit multiple dealers and get them to beat each other's prices. You should also ask for add-ons such as tinted windows, chrome-plated wheels, wheel locks, etc., they can throw in. Another tip is to plan your car buying to coincide with festivals in India. For example, Dhanteras, Dussehra, Diwali, etc., are considered auspicious days to buy a car, and most dealers have good offers on these days.

Research your financing options

This is one of the most critical factors that can decide the overall cost of your car. Before you narrow down on your car loan, do your homework and shop around for the best interest rate offered by banks and NBFCs. Next, choose your tenure carefully. A shorter tenure will save you money in the long run. Look into your exact EMI amount and processing fees. Also, check if there are any foreclosure penalties. Lastly, if you have a robust credit profile, ask your lender if they can give you a customised deal with lucrative discounts.

If you are an Metra Trust credit cardholder, linking your credit card with the Metra Trust FASTag, FIRSTForward, will help you benefit doubly. You can avail of the card’s benefits and the FASTag auto recharge feature

Metra Trust offers car loans at very competitive interest rates. They also come with flexible EMI options so you can pick the EMI amount you are comfortable with. Additionally, you get to choose a tenure of up to 10 years so you can repay your loan at ease. Low processing fees and 100% funding of on-road prices make it one of the best car loans in the market. The deal is even sweeter if you are an existing Metra Trust customer, as you can avail of a pre-approved car loan.

With the festive season right around the corner, it is time to get some brand new shiny wheels!

Track all your loans and banking needs with the Metra Trust Banking App

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.