Reasons to Buy a Car on Gudi Padwa

Posted on: Mar 9, 2023 | | Written by:

Reasons to Buy a Car on Gudi Padwa

Published on March 08, 2023. EST READ TIME: 4 minutes

Buying your own car can be quite liberating. The sheer amount of convenience and freedom that it brings is unparalleled. You no longer have to rely on public transport or cab services to visit any place or at any point in time. And with a lot of remote work opportunities, you can even get on a lot of road trips. However, before you get on a road trip, ensure that you opt for a car insurance policy.

Once you have decided on buying a car, getting it at an auspicious time would only sweeten the experience. And there couldn’t be a better time to buy a car than GudiPadwa. With GudiPadwa 2023 just around the corner, it might be a good time to bring home a new car.

Why Gudi Padwa is a good day to buy a car

Gudi Padwa is the marking of a New Year for a lot of Indians, especially from Maharashtra, Goa, and Madhya Pradesh. The festival is quite auspicious and resonates with good luck, happiness, wealth, and success. If you have been planning to buy a car, there are a few reasons why you should consider Gudi Padwa 2023 as the right occasion.

Offers during Gudi Padwa

Car manufacturers and dealers are well aware that Gudi Padwa is very auspicious. Thus, they come up with massive discounts and lucrative deals during this period. If you book a car during the festival, you might end up saving a considerable amount of money on the new purchase. Car manufacturers and dealers offer exciting exchange offers along with discounts on booking or purchase of a new car. Apart from this, you might even find excellent financing options, which will further aid you in saving money.

Offers prior to Gudi Padwa

Though the discounts and offers during Gudi Padwa are quite hard to miss, the promotional activities start even earlier. Car manufacturers and dealers start with promotions for Gudi Padwa well before the festival. If you keep a close eye, you will be able to see a fair number of advertisements about deals on Gudi Padwa. You can either follow the social media handles of manufacturers for exciting deals or visit their websites regularly. Newspapers and TV can be other good sources. Since these offers are well in advance, you can plan to buy a car during Gudi Padwa based on good discounts.

Avail the hard-to-miss discounts to get a better deal:

The festival of Gudi Padwa is usually surrounded by hard-to-miss discounts on buying a new car. There are a fair bit of reasons for the same. Over the last couple of years, there has been a slump in car sales. The pandemic, along with slow growth, has made it difficult for manufacturers to sell more cars. In fact, a lot of car manufacturers saw a decline in sales for the first time in over a decade.

Thus, a lot of car manufacturers and even dealers will be looking forward to the festival to sell more cars. The discounts will help them to clear their stock and provide a much-needed boost to sales. As a potential buyer, you can make the most of these deals and drive home a car that you have been thinking about for a while now.

Buy insurance for your new car on Gudi Padwa.

A car with handsome discounts and better financing options is one of the best deals that one could hope for. But to drive your car home, you will need a car insurance policy. This law is regulated by the Motor Vehicle Act of 1988. And failing to do so can lead to a lot of financial risks. Which is the last thing that one would want with a brand-new car. Here are some of the reasons why you must opt for insurance for your car and ensure that it is adequate.

1. Third party liabilities

One of the biggest advantages of buying a car insurance policy is third party coverage. In the event of an accident that involves other individuals or vehicles, the policy will protect your finances. If the accident results in injuries or damages, the policy will compensate for these liabilities. Thereby ensuring that you do not have to pay for these from your pocket.

2. Protects your car

When you choose comprehensive insurance, it covers damages to your car as well. During unfortunate accidents, you can claim the policy. Your policy will cover the damages that your car has undergone. It reduces your liability to pay for these damages. And you can repair your car at the earliest without any hassles.

3. Access to network garages

Car insurance providers usually have a long list of network garages. Insurance providers have partnerships with garages, which are known as network garages. If you were to visit any of these garages for any repair work, you could avail of cashless benefits. In other words, the insurance provider will settle the claim directly with the garage.

4. Personal accident cover

Car insurance policies offer personal accident cover for a fixed amount. If the driver or owner of the car were to meet with an accident that resulted in disability or death, the policy would pay the lump sum amount to the nominees of the policy. You can also choose to extend the benefits of the cover for unnamed passengers in the car as well.

5. No claim bonus

No claim bonus applies to comprehensive plans and not third party insurance. If you do not claim your policy during its term, your insurer will provide you with a no-claim bonus. This reward is for being a safe driver and not making any claims. The discounts start at 20% for the first year, and you can accumulate up to 50% for five consecutive years. You can use the discount while renewing your car insurance policy to offset your own damage component.

6. Buy policy online

You can buy your car insurance policy online. This makes way for a few perks. For starters, you do not have to interact with insurance advisors or representatives to buy a policy. You can compare policies from different insurers before deciding on a policy. Also, buying a policy online is more affordable than offline mode.

Conclusion

This Gudi Padwa might just be the perfect occasion for you to buy your dream car. As car manufacturers gear up to boost their sales, the chances of better deals and discounts are on the cards. Apart from discounts on the price, you can also expect better exchange offers and better financing. Together, these can help you to save a considerable amount of money, while driving home a car of your choice. To ensure that your new car receives the maximum protection, do not forget to get a car insurance policy.

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

Which Add-ons to Choose for Better Safety During Festival Season

8 Things You May Not Know About Your Comprehensive Car Insurance Plan

Know How is the Insurance Rate Affected by The Number of Miles Driven

All You Need to Know About Car Insurance Policy and Tax Exemptions

6 Checks before Welcoming a New Car