All Automobile manufacturers wish to achieve sales targets for December month as well as completely sell their months stock and for that reason huge discount offered to car buyers..
Discount offers normally range from Rs 30000 to Rs 3 lakh by different manufacturers for different models
This makes car buyers think whether to buy car in December and avail these offers. To understand this, we first need to understand why such discounts are offered.
Say for example, if a car buyer buys a car on 20th December 2019 and the plans to sell the car on 10th January 2022, though the car is 1year old the second buyer negotiates considering it as a 2019 car and not 2020 car. Whereas if you buy a car on 2nd January 2020 (just 13 days later) the second buyer considers it a 2021 car and becomes easy for the seller to negotiate for a better deal selling his car.
This also happens because the buyers’ buying cars in January month avoids buying
December manufactured car reason being the RC card contains both Registered date as well as manufacturing date of the car.
Now to answer the question whether to buy cars in December, we would always recommend to buy, as anyhow in the resale car market, it is always how and at what price you finalize the resale deal for your car.
Benefits of buying cars in December month:
Most important reason here is with the discounts offered, one can buy one variant above the variants available below the top model. To put in separate way, you may even buy an AMT model at the price of manual transmission model which may be available at the same price point. .
One more way of looking at the benefit is, in case if you are going to take a car loan, you can save money with respect to the discount as well as the interest that would be charged on the amount over the loan tenure. Say for example buyer gets a discount of Rs 50000 will save the same but also will save on additional Rs 15000 to Rs 20000 on the interest charges.
Important here is customers should avail good discount offers while buying cars in December as well as while selling their cars to 2nd Owner.
Customers should make sure everything offered by car dealers in terms of discounts is recorded properly in the quotation document.
December discount offers may not be great for Top selling vehicles but yes discounts would be offered by most car manufacturers. It all depends which car a customer wants to buy.
Somewhat same applies while buying cars in Used Car market. For car seller the car will become 1 year old, and it will make if more difficult for them too to get the best price deal for car.
It is a good deal to buy at a better discount!