Gifting Car Or Bike For New Year 2022 – Checklist

Posted on: Jan 5, 2022 | | Written by:

Gifting Car Or Bike For New Year 2022 – Checklist

Published on December 31, 2021. EST READ TIME: 3 minutes

Are you planning to start the New Year by gifting yourself or a loved one a new car or a bike? Then you are in for a happy surprise! Around this time, dealers try to clear off old inventory, which is why they offer heavy discounts. So, not only do you get the chance to start a new chapter with a fabulous purchase, but also save money. However, there are a few things you need to keep in mind to make sure that your vehicle purchase experience goes smoothly.

It all starts with research

Buying a new vehicle, be it a car, scooter or a bike, is always a costly affair and you need to be well prepared in all aspects before you put your money on the table. Make sure that your gift is meant to best suit the needs of the person who will receive it. For example, if you are looking to gift a car, check the recipient’s parking space availability for the same. Research about ancillary aspects as well, like car or bike insurance, service frequency, fuel consumption etc.

Don’t overlook money matters

Budget is one of the most important aspects when you are looking to buy a car or a bike for yourself or as a gift for someone in your family. So, keep in mind that you can go about it in two ways. You can either pay all the money upfront or arrange for a car or bike loan. While an upfront payment is always recommended over a car or bike loan because it solves a lot of hassles and always works out to be cheaper, you also need to care for the fact that buying the vehicle involves other costs like registration, road tax, pollution certificate, accessories, car or bike insurance etc.

Explore different showrooms around your location

It is very important to visit a showroom for two reasons. First, it is important to visit a showroom to get a feel of the vehicle. This is especially important if you plan to keep the vehicle for a long time. Second, it is important to visit a showroom in order to interact with the staff, so that you can get in touch with the sales and service personnel since they will be taking care of your vehicle.

Hunt for discounts

As discussed above, it is important to visit the showroom for many reasons. While you are there, remember to bargain as much as you can for discounts. Remember that showrooms are also looking to clear their old inventory and car and bike makers provide a lot of seasonal and festival discounts. You need to make sure that you get as many cash discounts as you can. Try to get many free goodies too. If you are lucky, you can score various free accessories and even discounts on car or bike insurance as well.

Do go for a test drive

It is very important to get a test drive before you decide which car or bike to buy. Test drive is your way to find out how a vehicle feels to drive. You can spot shortcomings in terms of features or performance this way, if any. Buying a vehicle without a test drive is not recommended because you do not want to be stuck with something you do not feel very comfortable driving, especially in the long term.

Prepare for the big day

When you are finally ready in all aspects to buy your vehicle, it is better to visit the showroom with the person to whom you are gifting the car or bike. It is best to reach the showroom early. That way, you will get a lot of time to go over all the details and paperwork. Make sure you fully inspect the vehicle before it is billed and registered. Try and grab any last-minute discounts and see if you are getting a better deal when you buy car and bike insurance on your own, instead of buying it from the showroom.

Make sure you are carrying all documents

Buying a vehicle involves a lot of paperwork, which means you need to be ready with the driving license, PAN card, Aadhaar card, bank cheque book and account details, income proof etc. This is especially important if you are looking to buy the vehicle on a loan. Your insurance company will also need documentation like identity proof and address proof to issue your policy. It is best to carry originals and some copies of all these with you.

Finally, always approach the whole thing with a cool, calm, and peaceful mind. You want to be very mindful at every step of making a purchase that will stay with you for years!

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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