New Car Buying Advice (2024-2026)

: Ensure your total monthly car expenses (EMI, insurance, fuel, and maintenance) do not exceed 10% of your gross monthly income. 2. Strategic Timing for Better Deals

Buying a new car is one of the most significant financial decisions you'll make. To ensure you get the best value without compromising your long-term financial health, follow this structured approach to research, budgeting, and final delivery. 1. The "20/4/10" Financial Rule new car buying advice

: Limit financing to 48 months to avoid "depreciation woes" where you owe more than the car is worth. : Ensure your total monthly car expenses (EMI,

: Account for registration, road tax, and routine servicing, which can add 10% or more to the initial cost. 4. The Final Pre-Delivery Inspection (PDI) To ensure you get the best value without

: Check engine oil, coolant, and brake fluid. Test all lights, wipers, and the AC system.