Diwali in India is not just a festival of lights and celebrations but is also considered an auspicious time to buy a new vehicle. Car companies offer special deals and discounts to attract customers during this period. If you are planning to buy a new car this Diwali, you can save thousands of rupees by following some smart tips. Let’s explore them in detail.
Take Full Advantage of Festive Offers
During Diwali, almost all automakers offer various promotions like cash discounts, exchange bonuses, and loyalty bonuses. Some brands also provide free accessories packages or service benefits. Customers can save from ₹20,000 to ₹1 lakh by combining these offers.
Compare Prices Online and Offline
Many online portals and e-commerce platforms also offer discounts on car purchases. Their prices are sometimes lower than those at dealerships. Therefore, it is essential to check prices both online and offline before making a purchase.
Sell Your Old Vehicle at the Right Exchange Price
If you have an old car, exchange it when buying a new one. Companies offer higher exchange bonuses during the Diwali season compared to other times. You can get a fair value for your old vehicle, leading to additional savings.
Pay Attention to Loans and Financing
Most people take auto loans to buy a car. During Diwali, banks and NBFCs offer loans at lower interest rates. Furthermore, options like zero processing fees or no-EMI periods are available. Comparing the offer lists of several banks can save you thousands of rupees on interest rates over the long term.
Don’t Forget to Negotiate with the Dealer
Even though festive offers are pre-determined, you can negotiate with the dealer to get more discounts, such as free car accessories, free insurance, or other servicing offers. You can save more money through proper negotiation.
Take Advantage of Year-End Stock Clearance
After Diwali, the year is about to end, and dealers try to clear old stock. Cars from the 2024 model year (instead of 2025) may have substantial discounts. Though the model remains the same, the price difference can be significant.
Book at the Right Time
Early bookings before Diwali often come with better offers. Companies offer special benefits for early customers. If you book at the right time, you will get a timely delivery and benefit on the price.