Right time to buy a new car: Companies giving discounts up to Rs 1.30 lakh to clear the stock, the model will be a year old as soon as the calendar changes

Along with the budget for buying a new car, the right time also matters a lot. Companies give discounts during the festival season or on any special occasion. Which gives some relief while buying a car. This is such a time for those dreaming of buying a new car. In the month of December, not only the car is available at a low price, but many benefits are also available. In such a situation, you can fulfill the dream of a new car this month.

Why do car companies give great offers in December? Why does it make sense to buy a new car this month? What kind of benefits do customers get on a new car? Know all these things in this news.

First of all let’s see which company is offering what on the car?

Under the December offer, Maruti is offering discounts on its cars up to Rs 45,000, Hyundai up to Rs 50 thousand, Tata up to Rs 40 thousand, Mahindra up to Rs 65 thousand and Renault up to Rs 1.30 lakh. Apart from this, all companies like Honda, Nissan, Datsun, Skoda are giving good discount offers. These include various offers like cash discount, exchange bonus, corporate discount. Click here to see the full list of offers.

Why is this the right time to buy a new car?
December is the last month of the year. After that the calendar changes. That is, 2021 will end and 2022 will start. When the year ends, the year of car production also changes. That is, the car which has been produced in 2021, its model will become a year old as soon as the year changes. Now customers who buy a car in January 2022 will not buy a production car in December 2021, as it will be considered a year-old model. For this reason most of the companies stop production of the car in December.

All car companies want to liquidate their old stock this year. Because of this, dealers also give good discounts on cars. Accessories are also offered along with discounts. However, the discount is available only on those cars which are in stock. The customer also has less chance to choose the variant of the car.

Manufacturing year on VIN
All car companies write a Vehicle Identification Number (VIN) on their vehicles. This is a type of code that can be decoded to find the month and year of production of the car. Every car has a unique VIN which is located near the engine or passenger compartment. For example, Maruti’s VIN is of 17 characters. Most VINs start with ‘MA3’. In a 17-character VIN, the 10th character represents the year and the 11th represents the month of manufacturing.

For example, if the 10th character is F then the year will be 2015. If the 11th letter is H then the month will be August. I, O and Q are not used in VIN. For a few years, Maruti has also used numbers.

Cars will become expensive from January 2022
From January 1, 2022, many companies are going to increase the prices of cars. These include cheap hatchback maker Maruti, Tata to luxury car maker Mercedes, Audi, Skoda. In such a situation, you should plan to buy a car this month. The reason behind the increase in the price of cars is the cost of raw materials. Companies say that there is a need to improve prices to cover raw material and operation cost. However, the companies have not yet disclosed by what percentage they will increase the prices.

Challenge in front of companies even in December
The dream of a car with a discount in December will come true only when the dealers have stock as most of the companies are still unable to produce the car due to lack of chips. Because of this, the waiting period of cars has reached 6 months. Companies whose demand for cars is low, they have stock. They are delivering the car within 7 to 10 days of booking. The waiting period of Maruti cars is also less. In this case, you can get the best deal in December from the dealers you know.