Best time to buy a car?

VMG · 15th January 2006, 16:38

What is the good time to buy a car .

- Year end( December )
- Financial year end ( March )
- Financial half year end ( September )
- Festival session ( like Dewali etc., )

lamborghini · 15th January 2006, 17:11

Or in Jan when they are really desperate to get rid of old stock.
Innova discount was 1.05L including finance for the V variant.

rageshgr · 16th March 2014, 23:13

Hi guys,

This is a double treat time for car buyers

Prices reduce as a result of excise cuts
Discounts, as March is the end of the Fiscal year

Now my question is, how long will these 2 benefits stay?

Can I expect the discounts to vanish in April?
Will the reduced prices due to excise cuts stay for a longer time?

Basically my question is, do I stand to lose, if I put off my buying till May/June?

a4anurag · 16th March 2014, 23:34

Quote:

Originally Posted by rageshgr

Hi guys,

This is a double treat time for car buyers

Prices reduce as a result of excise cuts
Discounts, as March is the end of the Fiscal year

Now my question is, how long will these 2 benefits stay?

Can I expect the discounts to vanish in April?
Will the reduced prices due to excise cuts stay for a longer time?

Basically my question is, do I stand to lose, if I put off my buying till May/June?

Depends on what car you are looking at for the purchase.

Mostly discounts will be lifted off from 01.04.2014 which is a natural trend every year and sales pushed more in the month of December rather than March. I know it is the FY end but the VIN is more affected with December month rather than March.

A customer will buy a Jan'14 car at a higher price instead of a Dec'13 car so discounts vary with the VIN, manufacturer and dealer.

If speaking in general, discounts are good till March but after that getting a discount is more of luck and coming to the price cut, that'll be ON till June'14 I guess.

Anurag.

rageshgr · 16th March 2014, 23:55

Quote:

Originally Posted by a4anurag

Depends on what car you are looking at for the purchase.

Anurag.

Thanks for the info Anurag. My strongest contenders are Swift ZXi and Figo 1.2 Titanium. Both have some deals going

swiftnfurious · 17th March 2014, 10:07

Quote:

Originally Posted by rageshgr

...Will the reduced prices due to excise cuts stay for a longer time?

Basically my question is, do I stand to lose, if I put off my buying till May/June?

Someone mentioned that the duty cuts will be effective till June 30 or so. Now when this might stay till then, there is NO guarantee that the manufacturers will NOT revise the prices upwards which will offset the price reduction.

Also after April, the discounts will be back in Oct / Nov, the major shopping season for most of India. I do NOT see any major benefits in you buying a car in May / June instead of now or after Oct 2014.

StarScream · 17th March 2014, 18:25

Quote:

Originally Posted by swiftnfurious

Someone mentioned that the duty cuts will be effective till June 30 or so. Now when this might stay till then, there is NO guarantee that the manufacturers will NOT revise the prices upwards which will offset the price reduction.

The new government will have to announce a full budget by the end of June and hence the talk that the excise cuts may not continue after that. It's all a question of how the next govt tries to balance the books (or not). I'm sure car companies will hold prices till that time as they will also wait and watch. In addition, they've seen a small fillip in sales and they'd want that to continue.

Keyur Shah · 6th November 2020, 17:16

Hello!

I guess I'm way too late to answer this question but November - December, the year-end is arguably the perfect time to get the best deals on car purchases. Most people hold off on buying at this point to save on depreciation that comes with the car. However, in some cases, the deals that you get may be worth more than the depreciation that your model will face by being from an earlier model year.

Dhanteras is considered auspicious to buy a car but if you are open to the timing of your purchase you could save big in the process. I had financed my car (Hyundai i10) this time years ago through HDFC Bank which somewhat helped me save money on insurance and gave me some relaxation on my EMIs. Unless you are in a hurry to buy one during the festive period, I would recommend waiting until December. That's when dealers are looking to clear the current year's inventory before the fresh model years units arrive.

However, if you are looking to buy a car during Diwali to snag some killer discounts. The discounts are going to vary depending on the brand and car you're choosing. If you are open to the timing of your purchase you could save big in the process.

15th January 2006, 16:38	#1
VMG BHPian Join Date: Jun 2004 Location: Chennai Posts: 344 Thanked: 33 Times	Best time to buy a car? What is the good time to buy a car . - Year end( December ) - Financial year end ( March ) - Financial half year end ( September ) - Festival session ( like Dewali etc., )
	() Thanks

15th January 2006, 17:11	#2
lamborghini Distinguished - BHPian Join Date: Apr 2004 Location: Mumbai Posts: 6,112 Thanked: 5,760 Times View My Garage	Or in Jan when they are really desperate to get rid of old stock. Innova discount was 1.05L including finance for the V variant.
	(1) Thanks

16th March 2014, 23:13	#3
rageshgr BHPian Join Date: Jun 2008 Location: Chennai/Vaikom Posts: 548 Thanked: 550 Times View My Garage	How long will the price cuts stay? Hi guys, This is a double treat time for car buyers Prices reduce as a result of excise cuts Discounts, as March is the end of the Fiscal year Now my question is, how long will these 2 benefits stay? Can I expect the discounts to vanish in April? Will the reduced prices due to excise cuts stay for a longer time? Basically my question is, do I stand to lose, if I put off my buying till May/June?
	() Thanks

6th November 2020, 17:16	#8
Keyur Shah BANNED Join Date: May 2020 Location: Ahmedabad Posts: 17 Thanked: 2 Times	Re: Best time to buy a car? Hello! I guess I'm way too late to answer this question but November - December, the year-end is arguably the perfect time to get the best deals on car purchases. Most people hold off on buying at this point to save on depreciation that comes with the car. However, in some cases, the deals that you get may be worth more than the depreciation that your model will face by being from an earlier model year. Dhanteras is considered auspicious to buy a car but if you are open to the timing of your purchase you could save big in the process. I had financed my car (Hyundai i10) this time years ago through HDFC Bank which somewhat helped me save money on insurance and gave me some relaxation on my EMIs. Unless you are in a hurry to buy one during the festive period, I would recommend waiting until December. That's when dealers are looking to clear the current year's inventory before the fresh model years units arrive. However, if you are looking to buy a car during Diwali to snag some killer discounts. The discounts are going to vary depending on the brand and car you're choosing. If you are open to the timing of your purchase you could save big in the process.
	() Thanks