By Gaurav Aggarwal
In the dynamic Indian automobile market, the trend of buying a new car online is rapidly growing. It’s like a digital showroom at your fingertips. You’ve got a wide array of choices, competitive deals, and the whole process is just so convenient. No more hopping from one dealership to another. Here are 6 tips that are designed to navigate the nuances of purchasing a new car online. These will help make your online car buying experience not just easy, but something you will enjoy.
In-depth research
The success of an online new car purchase hinges on comprehensive research. There are online platforms that offer in-depth insights, showcasing a wide range of models with their specifications, variants and pricing. These steps are pivotal, as it aligns your choice with both your practical requirements and financial constraints. It helps in understanding the market trends, comparing various models, and discerning the value propositions of different cars. Additionally, user reviews and expert opinions available on these platforms can provide a clearer picture, aiding in making an informed decision that balances desires with budgetary realities.
Understanding the process
Mastering the online new car buying process is essential for a smooth transaction. This includes familiarizing yourself with all necessary documentation such as a car loan, vehicle registration, insurance details, and payment terms. Additionally, understanding the steps involved in the transaction, from initial enquiry to final delivery, is crucial. This knowledge not only streamlines the purchasing process but also helps in avoiding potential pitfalls. It ensures that all legal and procedural requirements are met, leading to a hassle-free and confident new car buying experience.
Selecting trustworthy retailers
The reliability of your online purchase is highly dependent on the choice of the retailer. Opt for platforms renowned for their stringent quality checks, transparent information, and customer-centric policies.
Seeking expert advice
When uncertainties arise during the online new car buying process, consulting with an automobile expert is invaluable. The subject matter expert can offer clarity and guidance on various aspects of the purchase, such as vehicle segmentation, perception of the product, performance, competition analysis, which variant would suit the best and the cost of ownership. They further help demystify the complexities of car models, financing options, and warranty terms. These insights can be pivotal in ensuring a more informed and confident decision, ultimately leading to a more satisfactory and secure new car buying experience.
Comparing dealership offers
Diligently comparing offers from various dealerships is a key aspect in the online new car buying process. This comparison can unearth the most advantageous deals, discounts, and financing options available. It is important to look beyond the sticker price, considering factors like after-sales service, warranty extensions, and additional perks. By evaluating multiple offers, you can ensure that you are getting the best value for your investment. This approach not only helps in saving cost but also provides a broader perspective on the market, aiding in a well-rounded and informed purchase decision.
Budget considerations
A clear understanding of your financial limits is essential. A well-planned budget helps in narrowing down choices and prevents financial overreach.
In India, the number of new cars sold online has been increasing in recent years. According to a study by Google Kantar TNS, about 90 percent of car purchases in India are digitally driven. Factors such as the rise in internet users, the convenience of digital enquiries, and attractive online offers are driving this trend. With around 21.2 million vehicles sold in FY2023, India’s automobile market is not only one of the largest globally but also one of the most dynamic in adopting online sales channels. This trend is reshaping how Indians purchase new cars, making it an exciting time for both consumers and automakers alike. In the evolving landscape of online new car purchases in India, digital platforms are contributing to the transformation of the new car buying experience.
The author is the Founder & CEO – CarLelo (A Capri Loans Venture)
Disclaimer: The views and opinions expressed in this article are solely those of the original author. These views and opinions do not represent those of The Indian Express Group or its employees.
