Buying your first car could be an exciting milestone, but it requires careful planning and smart decision-making. In this video, we’ll talk you through every step of the process, from setting a budget to driving off in your dream car. You could start by determining how much you could comfortably spend. You might have to consider not just the car’s price but also additional costs like fuel, insurance, maintenance, and registration. A good rule of thumb might be to allocate 10-15% of your monthly income for your car loan EMI.
We’ll give you some insights that might help choose the right car for your needs. Be it a compact hatchback or a spacious SUV. Financing is another critical aspect, and we’ll explore car loans that cover up to 80-90% of the car’s on-road price. If you’re considering a used car, we’ll explain how used car loans differ.
We’ll also talk about dealer selection, negotiation tips, necessary documentation, and the importance of insurance. We’ll discuss registration with the RTO and the significance of after-sales service to keep your car in good shape. A working knowledge about these aspects could make your first car purchase a smooth experience!
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