Car Buying is now a three way junction | New Car Brands in India

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Car Buying Is Now A Three-Way Junction
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New Car Brands in India

• Buying a car is a significant purchase people
  make their lives. It involves a substantial
  investment and demands the buyer to be completely
  invested in the entire process of procuring a
  car. From discovering the right make, model and
  design, to carefully shortlisting the features
  and arranging the finances there are many
  factors that come into play.
• Car buying is a journey that begins with
  discovery, moves ahead with purchasing and
  continues with the life-cycle management
  (maintenance, car insurance, pollution check,
  etc.) until a buyer decides to give it away or
  upgrade to a new one. In its entirety, buying a
  car is about the complete ownership experience,
  and not just paying and driving away in a set of
  fancy four wheels.
• Basis the kind of experience a buyer intends to
  gain out of car ownership, today, he has three
  options to choose from Buying, Leasing, and
  Subscription when looking to buy a car in
  India. So, how does one make the right pick out
  of the three? By identifying the key benefits of
  each of these choices and then aligning them with
  ones personal preferences.

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Lets explore this three-way junction
Car Buying In India -
Buying a car is a conventional and still majorly
prevalent mode of owning a car in India. The
process of car buying comprises the following
steps Listing the requirements, finalizing the
budget, research, visiting a showroom, taking a
test drive, reading reviews, getting a quote,
arranging the finance, negotiating or checking
for offers, and finally sealing the deal. It
sounds laborious, but its worth the effort in
the end. Since nothing beats the strong sense of
ownership that comes with buying your own
vehicle. Plus, buying has its perks. It offers a
full warranty, which helps reduce the maintenance
cost during the warranty period. One has the
liberty to modify the car as per individual
preference. When buying a car the insurance
premium is likely to be lower as compared to
leasing. It also provides the freedom to sell the
car anytime. In a nutshell, buying is ideal for
those who want to own an asset and call it
theirs!
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Car Leasing In India
Leasing gives the option to immediately own the
car without putting in too much money. The buyer
gets to keep the car for as long as hed like at
a fixed monthly fee. Mostly, theres no down
payment required in case of leasing a car.
Getting a car on lease is subject to strict
mileage limits which may vary from 12000 to 15000
per year. It may even lower the sales tax,
depending on the tax policies in a specific
location. Trading-in a leased car is simple. At
the end of the lease term, one can choose to
return the car or decide to buy it.
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Car Subscription In India
Ever thought cars could be owned as a service?
Its possible now! Even though its a radically
new way of buying a car, its slowly but surely
emerging as a trend in India. Through
subscription one can enjoy car ownership without
buying it. A car subscription is ideal for people
looking for instant access over long-term
ownership. The subscription tenure can start at a
minimum of 6 months and can be extended up to 60
months. It is a fairly flexible option compared
to leasing, where the minimum lock-in period is
generally 3 years. The benefits of a subscription
to the customers include Zero down payment,
zero registration hassles, minimal paperwork, a
fixed monthly fee (which is mostly inclusive of
maintenance cost and car insurance), and doorstep
delivery. At the end of the subscription tenure,
the car can either be returned or the
subscription can be renewed. Its that easy! No
risk on re-sale value of the car
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