Jan Feb or March? What are the best months to sell your car

There are certain times in a year, month or week when you should purchase certain goods. Car is also one of them. Usually companies when selling new cars give some promotional offer during the weekend. Another time when there is high sale of cars is during festivals. In India usually the companies provide some kind of discount and in those two or three days there is huge rush. The same goes for used cars but here the dealers are even smarter. They do not advertise the offers but one has to negotiate well with them for the used car prices.

For buying used car, one should not go to the dealers in the weekend, in the beginning or mid month and also in the beginning or mid of the year.

Similarly if you go to the dealer in the month end to buy a used car you will be able to better bargain with the used car prices. These dealers have a deadline that in one month the will be selling a particular number of cars and usually the number is high and they cannot meet it always. So if you go in the month end days then you can get a better deal as he will be willing to sell the used car at your price then or at the least close to your price. If you go to the dealer around the end of the year, like around the months October, November and December you will be able to better negotiate with the price than the other months. Just like before the dealers have the deadline to meet, the number of sales they do in a year and they will be more willing to sell the car at a negotiable price than the other months. They are also willing to clear out the stock and get new stock in the beginning of the year.

If you go to a dealer during the weekend for buying a used car, then there is quite a lot of rush for buying. Statistics have shown that in India used cars are sold more than new cars and thus the time when you go  to buy the car and there is quite a lot of rush then the dealer will bargain much and will stick to his price. It is considered that Monday is a slow day for business because whatever sale they have on the weekend days like Friday, Saturday and also Sunday they calculate them on Monday. Tuesday and Wednesday are the perfect days to go to a dealer to buy used car. Business is considered to be slow on the beginning of the week and especially on those two days and if you go to the dealer for buying the used car you will be able to get a better bargain.

Thus the time to go to a dealer for buying used car is the beginning of the week, end of the month and end of the year. Instead of January one should go around March April then one cans trike a better deal with the dealer. 

Costs To Consider While Buying A Car

Buying a used car is not an easy task. Apart from searching a good dealer, evaluating the car well, thinking of the depreciation rate one should also consider the costs too while buying the car. There are certain factors which one should keep in mind like:

·         The cost of insurance

·         Depreciation

·         Taxes and Fees

·         Negotiating a sale price

·         Research the purchase

The Cost of Insurance

An older used car has cheaper insurance rate than a brand new one. The buyer needs to check how much he can spend on the insurance factor.

Depreciation

The depreciation is a very important factor. The new car loses 15 to 20% of its value each and every year. If the car depreciated quite a lot and the buyer is looking for finance for that car then he will be paying more than its actual worth. Because if a car had a certain then over a period of time it lost that value and the buyer will get loan for the actual price but he needs to repay the loan plus the depreciated amount which he did not use.

Taxes and Fees

There are several taxes that the buyer has to encounter like: State and local tax- This depends from which state on belongs to and then the sale price of the car. According to the calculation the state and local tax is added. Department of motor vehicle fees- The registration costs basically depends on the type of vehicle. While buying a used car one just needs to transfer it to their name. A documentation fee- This varies from city to city and one needs to pay this and clear it up.

Negotiating a sale price

This is a very important step. As the dealer always hikes the price amount to a good considerable amount and then asks for the price.  The buyer should research well have a good idea about the price and then go and bargain with the dealer

Research the purchase

Perhaps this is the most important stage while buying a car. The buyer must do a detailed study of the car he wants to own. Right from its value, to the depreciation rate the buyer must know all tiny details of the car he wants to purchase. He should also know its financing options and check how much extra he has to pay. He should do a good detailed study whether to buy the used car or to settle for a new car with lesser options of that range. After deciding then comes the price factor and other factors.

Get True Value For Old Car

Any commodity has a value and cars are no exception. There are high end brands for cars which anybody would like to own but there are also good quality cars which have been produced for the larger masses who cannot afford a high end branded car but desire to drive a good quality car. When one is thinking of selling their car they should get an online car valuation so that they know exactly what the present price of the car is after the car’s particular amount of depletion. The old car valuation can be found out from different websites in the internet like the indianbluebook.com.  You need to fill up a few basic queries like model number, brand and manufacturing year and you can get free evaluation. By doing this you will get the exact pricing of your old car and then you know your car’s exact price. After this you can further proceed with clicking of photos of the car in different angles and post it in the internet with all information required. You need to set a price that is close to the valued price and look for buyers and sell it after bargaining and transfer the papers after he has given the money.

Thus the very first step is car valuation and it is important for the following reasons:

Ø  It provides all the details for the customer who is opting to buy a used car.

Ø  The customer gets all the details form the car valuation chart

Ø  After getting all the details the customer has an idea of what id the actual price and the seller is asking for and whether he should invest or not

Ø  If the customer is satisfied then he will proceed with the deal

Ø  If the price is too hiked then the customer will not buy and look out for other dealers and in this way the dealer loses a customer.

As days are passing technology is being more updated and the automobile factory is definitely being upgraded too with the latest technology. The car that one has bought three years back that same brand has bought in much more updated edition both technology and style wise and has given a different name. People will obviously be attracted to buy the latest one and resale their old one. There are many people who cannot afford it but still decide to buy the latest ones. They should realise and keep a check on their finance because with time again the updated version till become old and another version will come up but one needs to think several times before indulging in such impulse buying and this when car valuation plays an important role. Car valuation is thus the first step that a buyer and the seller should do. First is to know the present price of the car and get all the details. The seller should not hike the price too much and neither the buyer should bargain and offer a lower sum of money than the valuation. The buyer should also before buying get a second hand car valuation online before investing. Thus it can be seen that determining the old car valuation is a must from both the sides.

THE LOWDOWN ON BUYING A NEW CAR VS A USED CAR

One would always see finance advisors going recommending buying old cars over new ones. Now this is a universal agreement and there are reasons for that too :

1.       Costs of used cars are much less and with increasing rates on every single thing on this planet, being economic does not hurt anyone.

2.       The insurance on used cars is much lower than that of new cars.

3.       One can often make use of extended warranty on pre-owned cars if those cars were owned for a year or two and warranty on cars easily exceed two years.

4.       Rate of depreciation of cars is the highest in the first two years of ownership. For example : a late-model Honda Accord can be had for the price of a new Suzuki Swift, and a 3 to 4 year old Honda City, Mitsubishi Lancer or Maruti Baleno will go for close to the same price as a new Alto.

New cars fail to fulfil the above criteria. So used cars are often chosen over new cars when one makes a decision of buying a car.

But not everyone will choose a used car over a new one and for them value of a car matters much more than its cost. So even if the cost of a used car might be less, not always is that an issue, since people willing to buy a dream car would obviously care more for the value of the car rather than its cost.

Reasons why people would care for new cars more than used car when it comes to purchasing:

1.       When buying a car, one needs to make sure that the car does not break down soon after a little use. So buying a car, one knows is new and refined, gives him/her the confidence and reliability that the car is not to turn up issues pertaining to it. Also new car purchases often follow thorough vehicular inspections and test drives. So the confirmation for the quality of the car comes from that as well.

2.       Interest rates for new cars are often less than old cars and this turns out to be an important point of consideration when it is time for long term loans.

3.       Resale values of new cars is much higher than old cars and if one wishes to sell bought cars within a couple years of his/her ownership, this proves to be a highly lucrative idea.

4.       Gas mileage for new cars is a lot more than that of old cars and that is something that is worth spending more for because after all the yield and speed are what we all search for.

5.       New cars can be customizable – you can select the features you wish to be incorporated into a car to meet your needs which is not possible with old cars.

6.       Although old cars may cost less at first, but maintaining them may cost a lot more in the long run and that needs to be taken into consideration.

7.       Old cars depreciate at a lower rate than new cars and thus they offer fewer tax write-offs. 

HOW TO BUY A USED CAR

An ever increasing demand for new cars makes an obvious surge in the market for old cars as well. Buying a used car is not the end of the world. In fact, sometimes it is the more logical option. Albeit, there are a few lowdowns of buying a used car of which mental satisfaction and chances of getting duped during the purchase, ace the list.

So the first thing to cross off your plan list when buying a car is – Homework. You need to plan ahead of time all the pre-requisites in your car of choice – what kind of model you want to buy, what is your budget regarding it, what are the features that you wish to incorporate in your dream car and also make sure you are well informed about the source of your second hand car. Deciding on the car model and the desired features probably comprise of the easiest decision. The effort and diligence comes your way when finalizing on the finance part of your plan.Since car purchasing can prove to be a rather emotional event, one may feel carried away and spend more than they plan to. Also the source of the used car should be a reliable one otherwise chances of the car breaking down after a few months of use becomes a common feature.

The next step in the process would include knowing the car history in a proper certified manner. Also to know about the complete accident history of the car of your purchase is very important. For that, contacting the seller’s regular service station or insurance company is the best way out. Also one should be well aware of the warranties on the car and getting to know about them helps one avail the warranty coverage if any.

It is important to know about the car model that one wishes to buy. Discontinued cars should not be bought and prior knowledge about discontinued cars rids one of opportunities to be duped by the seller.

The third step would be to check out the car of choice. Existing problems about the car of purchase can be discovered by checking it out properly. And after that one should verify a number of documents pertaining to the car such as –

·         RTO tax receipt

·         Car registration certificate

·         Insurance

·         Original invoice

·         Finance NOC

One should always remember that when purchasing, negotiations are always entertained and one can easily hassle to get the price he/she wants for the car.

Certain points to remember when purchasing a car –

·         Duplicate keys must be received with the car

·         Brokerage fees should be bargained upon

·         During delivery of the car, a delivery note must be present recording the exact time, date and odometer reading.

·         The car must be received completely services with complete replenishment of fluids with changed filters and belts (as necessary).

·         The insurance of the car should be transferred to the buyer’s name at the time of delivery.

·         Many unpopular cars that may prove to be quite reliable in the long run have high demand in the resale markets and these often become the centre of attention for potential used car buyers.

Five Best Cars in India Below 20 Lakhs

There are various cars in the Indian automobile market. But a few of them stand apart due to their fuel efficiency, which is one of the single most important aspects which influence the decision of buying vehicles in India.

The Maruti Suzuki Celerio make model also has a superb design. The radiator chrome grille flanked on both sides by the headlamp cluster which also houses the indicators, the body colored bumper make the exterior design at the front to stand apart. The fenders have a chiseled look with 14-inch steel wheels in them. The rear also looks good with the wrap around tail-lamps and a stop lamp at the top. The interior cabin has a black and beige scheme of colors. The dashboard has a dual tone and has a range of instrumentations. The engine is equivalently fuel efficient to match the other exterior and interior features.

As far as dimensions are concerned the Kwid make model is smaller than the Celerio but still has a lot of boot space. The Kwid has a length of 3679 mm a width of 1579mm and height of 1478mm while the Celerio has a length of 3600mm, width of 1600mm and a height of 1560mm. The wheel base of the Kwid and the Celerio is 2422 and 2425 mm respectively. The boot space in Renault is massive 300L while in Celerio it is merely 235L.The Renault make model’s cross-over like design is a hot favorite among people. The sides of the car are sculpted to gives it a fluidic and aerodynamic design. The forward-positioned windscreen is steeply raked further adds up to the fluidic touch in the design of the car. The engine is also fuel efficient.

The TATA Tiago has premium sporty design and features which makes it one of the best seller make model from TATA. Both the exterior and the interior designing have been carried out with perfection and there is a unique feeling and it is an absolute fun to drive it around. Under the hood the diesel version has the 1.05 L engine which gives back a power of 69 bhp and a torque of 140 Nm. The petrol version has a 1.2 L engine which throws back 84 bhp of power and 114 Nm of torque. There is a 5 speed manual gear box which takes care of the transmission. The car is very much fuel efficient.

The TATA Manza has premium and elegant features which makes it one of the best seller club class sedan make model from TATA. Both the exterior and the interior designing have been carried out with considerable care and there is an amazing experience associated to drive it around. The engine underneath is one of the most fuel efficient in the country.

 Maruti Suzuki Alto k10 has been one of the best seller make model from Maruti in India. Stylish looks along with good features makes this hatch back from Maruti a hot favorite among the car lovers. The Maruti Alto has the typical trendy modeling from Maruti as far exterior styling and designs are concerned. As of now the model comes in six different colors to choose from. This one is a wonder from Maruti as far as fuel efficiency is concerned.

How Much Is My Car Worth? Probably More Than You Think

When you think of selling your car, a lot of questions creep up in your mind about a lot of things. Questions regarding the condition of the car, the various factors which will influence the price of the car, deciding about the correct price of the car and many more. So, when you decide to sell your car to people who are buying a car it is always advisable to consult an expert. An expert, who follows a scientific process to derive the value of your car so that you get a fair deal. You can sell your car in any condition at the best price to people who are buying a car.

The manufacturer company plays an important role to determine the value of a second hand car. There are certain companies for whom their cars fetch a higher resale value than the others. Then there is the car segment which also plays a major role. Higher the segment lesser will be the resale value. You should know this rule before quoting your price to people who are buying a car.

The car which makes a good first impression will always fetch you a higher value from people who are buying a car. The first impression that a car makes is influenced by a number of factors. The exterior and the interior of the car mostly decide about its first impression. The maintenance which has been carried out under the hood also plays an important role. The speed lag, the suspension, the underneath and the cornering are the drive-abilities. The noise of the engine also an important as it generally tells us a lot about the health of the engine. A well maintained car with clean interiors having a good neat and clean seat cover, clean floor mats, a covered steering wheel, a well maintained AC and glitch free windows is surely going to make a great impression. A perfume is a very good idea to deck up the aesthetic factor as well.

Like the interiors, the exterior also plays an important role for people who are buying a car. A fresh coat of paint, dents and bruises well taken care of and a rust free body is surely going to make an impact. Various car functions like the AC functions, the central-locking system, the power windows, Lights, indicators, steering, door-locks, and the braking abilities – all of these highly influence the price factor.

Age of the car is a very important aspect which decides the resale value. With increasing age the resale value of the car undergoes depreciation. Like age, the number of previous owners that a car has also influences the price of a second hand car. It is inversely proportional which means the increase in the number of previous owners decreases the price of the car. The distance travelled by the car is another important parameter which decides the price factor for people who are buying a car from you. The value of a second hand car decreases with the increase in the number of kilometers travelled.

Keeping the papers ready and clean also helps in getting a fairdeal. Various factors like the insurance details, the banking details for any outstanding loans, the pollution checks, the chassis number registration details and the ownership details, the maintenance logbook details impact the price factor.

So, whatever may be the condition of your car, if you seek an expert help you can always get a fair price from people who looking for buying a car.

2017 Hyundai Eon Facelift Launch in Mid-2017

Starting from hatch backs to sedans and SUVs, Hyundai has given quite a variety to the Indian car lovers to choose from.  Hyundai is an automobile company in India which has car of almost each and every segment plying on the roads. Hyundai’s portfolio has cars like i10, Eon, Tucson, Xcent, Verna, Creta and many more.

The Hyundai Eon has the signature fluidic design of Hyundai as far exterior styling and designs are concerned. The Hyundai Eon has both petrol and LPG variants. The car is very well suited for Indian roads. The entry level car of the Hyundai lineup is available in five different colors. 2017 is going to see a new facelift make model of the car. The company has planned to launch it in mid- 2017.

The dual tone chrome radiator grill and the large air intake render a very sporty and trendy look to the front of the new make model. This also maximizes the radiator cooling and the engine efficiency. The headlamps have a swept back style and provide a very good illumination. The fog lamps are trendy as well. From the sides the sloping roof makes the side of the car look like an arch. The door handles have a boy color and the outside rear view mirrors have a dual tone to deck up the style statement. The spoiler is also sporty with a high mounted LED stop lamp. Overall the car is 3495 mm in length, 1550 mm in width and 1500mm in height with roof rails. These dimensions help to make its presence felt on the roads. It has also got a reasonable wheel base of 2380 mm as well. The suspension system is also good with Mc person Strut suspension at the front and Torsion Beam Axle suspension at the rear of the make model.  

The interiors of the make model have got a stylish overview and there are a number of different driving indicators on the dash board. The entertainment system consists of an integrated audio system with 2 DIN Radio plus MP3 and has USB and Aux-in as well. Other features include a tilt steering, air conditioning, power steering and power windows. The ORVMs are internally adjustable and remote key less entry ensure convenience to the maximum.

Under the hood the petrol make model has two types of variants. One variant with a 0.8 L MPi engine which throws back a power of 56 Ps and a torque of 7.6 Kgm. The another one has a 1.0L Kappa engine which throws back a power of 69 Ps and a torque of 9.6 Kgm. It has got a fuel tank capacity of 32 Litres. There is a 5 speed manual gear box which takes care of the transmission. As far as mileage is concerned the 0.8 L version gives 21.1 kmpl while the 1.0 L Kappa version throws back 20.3 kmpl.

Hyundai has also taken care of the safety and security features. The Eon make model has both the driver airbags. The reinforced body structure and the engine immobilizer ensure safety during the emergencies. Apart from these there is central locking facility and child safety rear door locks have also been installed. Overall the Hyundai Eon is a good purchase as far buying a hatchback in India is concerned.

How to sell your vehicle

It can get very tricky at times and you can face a lot of dilemmas while you sell your car. Deciding about the right price of the car is one such dilemma, Then there are brokers and there charges, then there is the hassle of negotiation and all that. The valuation of the car is one very important step which needs to be done before you sell your car. Getting your car valuated by experts fetches you the optimum value for your vehicle so that you don’t end up underselling. The valuation of the car is carried out on a number of factors.

Clear and upto date paper works also ensure a high value if you want to sell your car. The insurance, the banking updates for any sort of loans, the pollution control checks, the chassis number registration and the ownership details, the maintenance details are very important for fetching higher value while you sell your car.

Age of the car is a very important aspect which decides the value for used cars. With increasing age the selling value also undergo depreciation. Every other day the automobile companies are coming up with new models. So the older the car becomes, the more outdated it becomes. Moreover, many a time older models face a problem with the spare parts availability as companies stop their production. The age of the car also influences its drive quality as well. The speed lag, the suspension, the underneath and the cornering are the drive-abilities. The noise of the engine also an important as it generally tells us a lot about the health of the engine. Various car functions like the AC functions, the central-locking system, the power windows, Lights, indicators, steering, door-locks, and the braking abilities – all of these highly influence the value for which you sell your car. Like the interiors, the exterior can also be checked for painting, dents and rusts etc. A car with a good first impression will always garner a higher resale value.

The distance travelled by the car is another important parameter which is judged for used car valuation. The used car prices decrease with the increase in the number of kilometers travelled. Fuel efficiency is a very important factor and as the mileage goes down the price goes down as well when you sell your car.

The maintenance under the hood influences the drive abilities and the overall condition of the car to a large extent. A well maintained car with clean interiors having a good neat and clean seat cover, clean floor mats, a covered steering wheel, a well maintained AC and glitch free windows is surely going to make a great impression. A perfume is a very good idea to deck up the aesthetic factor as well.

If you sell your car to an individual owner, it is surely going to fetch you more than selling it to a used car dealer.  Do not be in a hurry to sell your car; you may end up underselling your vehicle. The location factor also plays an important role in the valuation of second hand cars. Cars have their own set geographical range like certain cities or towns in which they are more popular. There are certain models which are famous in a particular area but they may not be the favorites in the other areas. A car sold in its favorite area will fetch a higher price naturally.

New generation Santro to be replacement for i10

The first edition of the Hyundai Santro was very famous in India. It was a hot cake for its slightly odd proportions, till it was discontinued in 2014. The i10 filled in the gap. But now, the company is planning to launch an upgraded version of the model- the new generation Santro which is likely to replace the i10. The next generation Santro is most likely to make it to the markets in 2017. Once launched this new version of the Santro will give a stiff competition to likes of Chevrolet Beat, Maruti Wagon R and the top models of Renault Kwid.

The Hyundai Santro which operated in India had an engine of 1.0L which was later upgraded to 1.1L and this same upgraded version powers the i10. This upgraded version of the new generation Santro is expected to have a more efficient engine in terms of power generation as well as fuel efficiency. It is expected to have a petrol variant only with the transmission being taken care of by a 5-speed manual gearbox. The CNG variant and the AMT versions are also expected.

As per reports the tall boy design of the original version of Santro is going to be dropped and a crossover look is going to be rendered to make it more stylish. As this car is likely to replace hyundai grand i10 it is expected to have exteriors and interiors which are almost similar. The radiator grille at the front of the car gives a distinct look to the i10. It has an electric sunroof, which can be made to slide forward or backward by a button. The front bumper and the fog lights render a sporty look to the car. The headlamps are long and slating which further adds up to the style quotient of the exterior front.  The rear view mirrors have turn indicators fitted in them and they can also be heated electronically to remove the mist. The tail lamp and the bumper at the rear give elegance to the car.

As the new generation Santro is being designed to suit the younger population, it is expected to have great interiors.  The dashboard, the infotainment system, the upholstery, the seats and the overall tone of the cabin are expected to be of classy standards. Presently the i10 has a dual tone light brown and beige interior. The dashboard has the audio system in it and the audio and the Bluetooth controls are placed on the steering wheel for the comfort of the driver.

As far as the security features are concerned, the new Santro is expected to have ABS which prevents wheels from getting locked during emergencies. Apart from this the model is also expected to have dual airbags at the front which is presently there in i10. Seatbelts with pretensioners, reverse parking sensors and camera, multi reflector fog lamps and warning lamps in the instrument cluster are all expected to be there in the new version of Santro. Overall with all the features and the previous reputation and popularity it had, the next generation Hyundai Santro is definitely going to be a car to watch out for.