Stories
Car Offers: Buy during Dussehra-Diwali or wait for December? Know the math behind deals
- •The festive season of Dussehra and Diwali sees the launch of new car models and variants, providing buyers immediate availability of their preferred colors and features.
- •Banks offer attractive schemes like lower interest rates and 100 percent on-road finance during festivals, while dealers provide gifts, cash discounts, and free accessories.
- •December brings massive year-end discounts, cash rebates, exchange bonuses, and corporate offers as companies and dealers strive to clear their remaining inventory.
- •Buying a car in December means its manufacturing year on paper will be older, making it a year older the very next month and potentially reducing its resale value by 5 to 10 percent in the future.
Key Questions Answered
During the festive season, automobile companies launch new models, variants, and facelifts with immediate stock availability for desired colors and features. Buyers can also benefit from attractive bank offers like lower interest rates, reduced down payments, processing fee waivers, 100% on-road finance, along with dealer gifts, accessories, and cash discounts.
In December, companies and dealers want to clear out the remaining stock of the current year to get rid of that year's label. To complete their yearly targets, they offer higher cash discounts, massive cash rebates, exchange bonuses, and corporate discounts while negotiating easily without a long waiting period.
A car purchased in December carries the current year's manufacturing label on its papers, making it effectively one year old the very next month on January 1. Consequently, if you decide to sell the vehicle after 3 to 5 years, its resale value could be 5 to 10 percent lower.
