choose from the different models and colours available at the showroom.Interest Rate DiscountEnquire with your dealer if he is willing to offer you a discount on the quoted fixed interest rate. There are certain seasons, say during the year-end, when dealers offer discounts of around 0.25 per cent on new car purchases. Let your negotiation skills work to the brim.100 Per Cent FinanceSome time ago, owing to liquidity problems, this scheme had almost come to a stop. Thanks to a few dealers who carried the trend, we still have dealerships today that fix up 100 per cent finance for salaried individuals. That of course, depends on your income level. Also, 100 per cent financing in no way means you will not be spending a rupee. The car buyer would still have to pay for the car insurance, its registration, stamp duty and service charges.This offer comes with certain other charges too. Based on the tenure of the car loan, the buyer would have to shell out 1-3 equated monthly instalm
ents. That would only mean that the upfront EMI would increase the car loan tenure. If you opt for a 3-year new car loan, you may have to pay one EMI in advance. In case you're thinking of making a down payment, be ready to pay up 15-20 per cent of the new car's value. In addition to that, you may also have to pay for the life insurance and personal accident cover.EMI waiverIf you plan to buy a new car with the help of an agent, you can ask him for this offer. Agents do agree to waiver one EMI. They get a huge sum as commission and just one EMI is not their only source of income. So, some of them do pass on the benefit to the new car buyer. Ask for it.Free Car InsuranceFree car insurance happens to be a very common offer that comes along with a new car purchase. However, the seller may not offer you this benefit in case you're already getting a cash discount. Try bargaining. Auto dealers either act as insurance agents or they have tie-ups with car insurance companies. Try yo
ur best to get your hands on the free insurance. Car insurance amount varies depending on the make, model and insurance company.AccessoriesFree accessories are usually offered while purchasing a new car, but let it not hamper your cash discount. Many a times, car dealers try to push off accessories that they would want to clear off. You are happy that you've got a costly car accessory for free, but you are missing out on a cheaper discount. The costly accessory may be of no use to you at all. So, before sacrificing the cash discount, see if you really need the accessory.Free accessories include matting, music system, car perfume, seat covers and others. First of all, ask the dealer for the offers and try to get both. A little more bargaining than usual may be needed. Do your research, gauge the benefits at hand, get quotes, compare dealers and zero in on the one that suits you the best.
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