New Delhi. Buying a new car is considered auspicious during the Christmas season and if you are planning to buy a car on the occasion, it is important to keep a few important things in mind. Here we will tell you 5 important tips for choosing a car with good value for money that will help you buy the right and affordable car.

1. First, set the budget
According to Pankaj Mathpal, personal finance expert and CEO of Optima Money Managers, the cost of a car should not exceed 50% of your annual income. For example, if your annual income is Rs 10 lakh, you should consider a car for up to Rs 5 lakh. This ensures that you make the right decision based on your financial situation.

2. Choose models with only essential features
Car manufacturers often add such features in expensive variants that you don’t need. This increases the price of the car but does not prove to be “value for money”. Therefore, it is better to choose the features according to your needs.

3. Avoid dealer accessories
When buying a car, the accessories available from the dealer can be expensive. Buying them from outside will give you a cheaper option and save you money too. Therefore, consider purchasing accessories from the market instead of from the dealer.

4. Check customer service
Before buying a car, it is important to pay attention to the customer service of the respective brand. Car service is required from time to time and if the service from the company or dealer is not good, you may have to spend more on maintenance. Therefore, investigate this aspect thoroughly.

5. Pay attention to insurance
Purchasing motor vehicle insurance is required under the Motor Vehicles Act 1988. Driving a car without insurance is not only illegal, but you also run the risk of a fine or having the car confiscated. Additionally, with the number of road accidents on the rise, proper insurance is also essential for your safety. Many companies offer attractive policies. Therefore, choose the best policy by comparing all the options.

By keeping these 5 important aspects in mind, you can choose the car with the right price-performance ratio according to your budget.

Tags: car news