10 Hacks To Get Rs 2 Lakh Discount On Your Next Car! » MotorOctane

Buying a new car in India is a big deal, and a lot of effort goes into finalising a value-for-money car. We start by comparing cars within the budget we set and narrow it down to a few that meet our requirements. Once shortlisted, we start contacting several dealerships to get the best discounts and compare them. However, it may not always be the case that dealerships offer a hefty discount. In such scenarios, you can try the 10 hacks mentioned below and avail maximum discount on new cars!
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1. Unpopular colour

If you are least bothered by the colour of your new car, this could be one of your arguments to ask for a bigger discount! Nowadays, automakers offer a variety of attractive colour options for their cars. However, the most popular amongst buyers are generally White, Black, or the colour in which the automaker launches its cars. In such a scenario, all you can do is choose an unpopular colour that the dealer may have in stock and wants to clear. This should help you avail a decent discount.

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2. Date of Purchase

The best way to get significant discounts is to purchase a car at the end of the month. And now, we are nearing the end of a calendar year! During this timeline, salesmen tend to give the best offer to complete their monthly targets. So, if you purchase at the end of the month, there’s a good chance the salesman will offer a heavy discount to meet their target. 

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3. Insurance 

One of the key areas where dealerships enjoy high commission is on insurance. Generally, dealerships charge a high amount when you purchase insurance from them. To avoid this, simply do some online research, as many platforms offer cheaper insurance prices. Here, you can even negotiate with the dealership to match the price of the insurance you found online. An important point: The dealership may match the price, but they may deselect a few additional insurance options, such as Zero Depreciation, No-claim bonus, and Roadside assistance. This would land you in trouble, and the discount would turn into a loss.

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4. Dealership Margins

The base price of a particular car of its respective brand’s dealer is the same. However, to avoid losing a potential buyer, dealerships can offer better discounts than others. This discount could be from the profit margin that any dealer earns on selling a car. If you research the market price of the car you want to purchase, you will be able to negotiate with the dealership to match the price or offer a discount. You can even compare offers from different dealerships and negotiate accordingly. 

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5. Scrappage bonus 

If you are willing to scrap your old vehicle while looking for a new one, you’ll get a few benefits. The benefit of a scrappage bonus could be a waiver on registration fees, a discount on your new car and even a rebate on road tax. This will also benefit the environment by reducing emissions and improving road safety. 

6. Exchange offer

We are all quite familiar with how an exchange offer works. Your old car will be evaluated to give you the best price. Now, there are exchange bonuses, too, which will be an additional discount over the exchange price of your car. Let’s say your old car is worth Rs 1 Lakh after evaluation. The dealership may offer a total discount of Rs 1.25 Lakh, including an additional Rs 25,000 exchange bonus. 

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7. Model Year of the car

If you buy a newly manufactured car from the current year, you may not get a substantial discount on that. However, if you buy a car from the previous model year (MY2024 in this case), you can get a heavy discount. Dealerships need to clear previous model-year cars to make room for new cars, so they offer huge discounts on them.

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8. Corporate discount 

A few corporate companies offer substantial discounts for their employees planning to buy a new car. These corporate discounts are given by dealerships to employees of select companies. All you need to do is carry your ID as proof of employment in the company, and the dealership will provide you with this discount. 

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9. Loyalty Bonus

If you are a loyal customer of a particular brand, this could help you get another discount. A loyalty bonus can be availed if you have owned 1 or 2 cars of the same brand and are looking to purchase a third new one. You can simply mention the Loyalty bonus and ask them to negotiate accordingly. 

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10. Festive Discounts

India is a country where you will get to see festive discounts almost every second month. You can benefit from this as some brands offer huge discounts on Diwali, Gudi Padwa and many more such festivals. This will bring down the cost of your car, and you could get additional bonuses from any of the above pointers.

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