Getting a discount on vehicles during Diwali can be easier than other times of the year, as manufacturers and dealerships often roll out special offers and promotions. Here are some tips to maximize discounts when buying a vehicle during the Diwali season:
1. Look for Festive Offers from Dealerships:
- Check Dealer Websites: Visit the official websites of car and bike dealerships to find out about festive season discounts. Many brands like Maruti Suzuki, Hyundai, Tata Motors, Honda, and others offer cash discounts, exchange bonuses, and extended warranties.
- Compare Offers: Compare discounts across different dealerships. Some might provide extra benefits like free accessories, insurance, or service packages as part of the Diwali deal.
2. Leverage Exchange Offers:
- Exchange Bonus: Many dealerships offer additional discounts if you exchange your old vehicle for a new one during the festive season. This bonus can vary based on the brand, model, and condition of the vehicle being exchanged.
- Online Platforms: Platforms like CARS24 and OLX can give you a better idea of your old car’s worth before you approach the dealer, ensuring you get the best value for your exchange.
3. Bank Tie-ups and Finance Offers:
- Bank Discounts: During Diwali, many banks partner with automakers to offer lower interest rates on auto loans. These partnerships can also include processing fee waivers or cashback offers if the loan is taken from a specific bank.
- Credit Card Cashback: Some banks offer cashback or additional discounts if you make the down payment using their credit or debit cards.
4. Government Schemes and Subsidies:
- In some regions, there are state-specific incentives or subsidies for electric vehicles, especially during the festive season, which can be availed in addition to dealership offers. Check your state’s EV policies if you are considering buying an electric car or bike.
5. Online Automobile Marketplaces:
- Platforms like CarDekho, CarWale, and Autoportal often list exclusive online discounts or offer codes during the Diwali season. Browsing these platforms might get you a better deal than direct negotiation with a dealership.
6. Negotiate:
- In-person Negotiation: Even if there are listed offers, visiting the dealership in person can sometimes help you negotiate an additional discount or ask for extra accessories such as seat covers, mats, or an extended warranty.
- Bulk Purchases: If you’re considering purchasing multiple vehicles (for business or family), dealers might be willing to offer a bulk discount.
7. Keep an Eye on Clearance Sales:
- Around Diwali, dealerships often aim to clear their existing stock before the new-year models arrive. This is especially true for models that are about to be updated. You might find significant discounts on cars or bikes from the existing stock.
Combining these strategies can help you get a substantial discount when buying a vehicle during the Diwali season
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