Buying a new car is one of the most significant financial decisions you'll make. To ensure you get the best value without compromising your long-term financial health, follow this structured approach to research, budgeting, and final delivery. 1. The "20/4/10" Financial Rule
: Limit financing to 48 months to avoid "depreciation woes" where you owe more than the car is worth.
Experts from IDFC FIRST Bank recommend this framework to keep your purchase affordable: new car buying advice
Dealerships operate on performance cycles. You can often secure better prices by timing your visit:
Before signing the final papers, Chola MS Insurance advises a thorough walkthrough: Buying a new car is one of the
: A brand-new car should generally have no more than 100–150 kilometers on the clock.
: New cars, especially those with financing, require comprehensive coverage. Pro tip: Always ask about zero depreciation add-on covers to avoid paying for part replacements during claims. The "20/4/10" Financial Rule : Limit financing to
: Major holidays often feature special manufacturer rebates and dealer incentives. 3. Total Cost of Ownership (TCO)