If you are planning to buy a new car, then it is very important to know the right time before rushing. There are certain months of the year when car companies offer huge discounts, exchange offers and attractive finance schemes to woo customers. Shopping during this period not only puts less burden on your pocket but also provides more benefits. Let us know which are the months when buying a car proves to be most beneficial.
The month of March is very special
The financial year in India ends in March, and it is common to find huge discounts and attractive offers at car dealerships during this time. Dealerships offer huge discounts, exchange bonuses, corporate offers, free insurance, accessories and special finance schemes at the end of March to meet annual sales targets, clear old stock and make space for new models. Especially business owners, self-employed people and companies like to buy a car at this time because they can claim it as a business expense and get tax benefits. This month also proves to be the most saving month for individual buyers. If you are thinking of buying a new car, do not forget to visit the dealership in the last weeks of March – sometimes you can save lakhs of rupees!
Shopping in December is the smartest decision
December often proves to be the most profitable month for car buyers in India. There are some special reasons behind this-
Year-End Clearance Discounts: Dealerships have to meet their annual targets before the end of the calendar year. They offer huge discounts to clear old stock, sometimes cash discounts ranging from ₹40,000 to ₹80,000+.
Pressure of sales target: In the last months of the year, both salespeople and dealership management are eager to meet annual, quarterly and monthly targets. This greatly increases your bargaining power, you can negotiate better deals, avail extra free accessories, extended warranty or zero-interest EMI schemes.
Defense against price hike in January: Most companies increase prices in January due to the new model year or cost increase. By buying in December you avoid that increase, in many cases the discount + price hike savings can total in the lakhs.
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