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Get Discount upto Rs. 50,000 | Car Dealer से कैसे ले Best Deal | Hidden Margins of Dealer Showroom - YouTube
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Hello Friends, in this video we would know how to get
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discounts upto 50,000/- on brand new car .
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the amount may increase depending upon car segment,
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,amount of investment & your bargaining skills.
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People generally think this much discount is possible only on old cars.
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and new cars do not carry this much margin in costs.
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but that not true.Please watch this video till the end and
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I ensure after watching it, you will get best deal on your car.
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my INSTAGRAM ID : motorcar.in
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And one more thing, if you have planned to buy a car,
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then please give your little time and patience to the process.
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Rest all i will explain to you in this video rest assured
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We will also discuss about areas of Dealer's margin.
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and these are the same areas where we will save.
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First area is Finance.
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Majority of the cars now a days are financed by banks
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and thats a good thing to avoid blockage of your money
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and thats why dealer asks you about your purchasing mode
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bank finance or one time self payment mode?
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if bank finance, they would tell you about their bank tie-up.
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and they would take care of that.
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and friends, here we commit our first mistake.
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we think Dealer's finance is the only way to get it done.
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and we can not get it financed by bank on our own.
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But friends, if your CIBIL Score is good, all banks would be
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ready to finance it.
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Lets meet on Instagram Id : motorcar.in
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But if your CIBIL score is not good, neither you nor dealer
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would be able to get the car financed from bank.
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But the bank which has tie-up with dealer would give
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some commission to the dealer for making you opt that bank
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but Bank do not pay dealer on its own.
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and burden of that commission would be on your loan.
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so friends, here you can save your precious money
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so visit your own bank where you have your account, or any random bank nearby
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along with your salary documents & enquire about the car loan rate they are offering
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and they will offer their own car loan rate
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and generally the bank which is not affiliated with dealer will offer you lower rate of interest.
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because they don have to pay the dealer commission.
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And if you found that your bank or that random bank is charging more
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then continue with the Dealer affiliated bank.
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But most of the time it is other way.
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So you can save your money in financing your car itself by negotiation.
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And you will save atleast 15,000 - 20,000 Rs. in loan itself.
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And if you dont wish to visit any bank branch, there are multiple websites
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which inform you about different bank loan rates like Policy Bazar, Bank Bazar
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as per the Loan amount requirement and length of repayment period.
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second component is Insurance Component.
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Insurance is must, whether you take it from Dealer or you can take it from outside.
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Lets meet on Instagram Id : motorcar.in
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But difference is just like it was in Bank Loan.
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Insurance agency affiliated with Dealer has to pay commission to Dealer.
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Because Dealer gave them one customer.
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And the burden of that commission will be on your Premium Amount.
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So Insurance is just like Loan, You can get it done from anywhere.
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And it is not mandatory to get it done from Dealer only or Dealer affiliated Insurer only
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And to be very precise, visit 2 3 Webportals for Insurance premium of your car
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on websitee like Policy Bazar or bank bazar or Paytm (not paid promotion :-) )
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and check there about premium in Zero Dep/First Party/Third Party Insurance
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one more thing, don ever rely on one dealer..
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premium will vary dealer to dealer....so contact 2 3 dealers atleast
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Lets meet on Instagram Id : motorcar.in
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Take final quotation of car from them including breakup of cost
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including Exshowroom price, registration cost, insurance & discount
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And what would be the final On Road Price
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Dealers generally avoid it bcs he knows customer will compare it somehow and
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and buyer can go to other dealer.
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But its your right to know the right pricing bcs you are investing atleast 4 5 lacs
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You are investing your hard earned money into it.
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so dont waste even a single penny of it.
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and dont pay unnecessarily.
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And in quotation itself compare the insurance premium with other dealers.
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and there also lies a loop hole, there are many categories in insurance also.
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Like Zero Dep Insurance, First Party Insurance, Third Party Insurance.
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Generally people go for Zero Dep Insurance for first 5 Years.
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and in that too there are few component like Engine Cover
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May be the Dealer is offering insurance of same company at lower price than other dealer,
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But he has removed some of the component( like engine cover) to do that.
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and you just lost one insurance protection bcs of him causing you in loss.
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So ask dealer in detail about components he will cover in insurance.
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and demand all the components that you want to take for your car.
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and there are lot many Private & Public sector insurance companies
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which might give you good Insurance Package for the same car.
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and then opt one which give you best among them
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When I purchased my own car (Creta) then i found huge difference
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in Insurance Premium of different companies and it was around 14k ..
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so you are not bound to get insurance from dealership insurer
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take the insurance from company which give you least price.
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Lets meet on Instagram Id : motorcar.in
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In insurance there is a component name RSA
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i.e. Road Side Assistance.
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sometime dealer take additional charge for RSA
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But 90% insurance company by default give you RSA in policy.
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so 2 RSA will serve no purpose to you.
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so ask dealer to remove RSA charges as you dont need it.
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and this RSA component will save your 2500-3000 Rs.
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so if I sum up insurance component, it will be
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saving around 10000 atleast if you did this all patiently.
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Lets meet on Instagram Id : motorcar.in
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third component where dealer keeps its margin is Accessories.
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whenever you buy a new car they will give you
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a Basic Accessory kit at the least if not more.
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it will simply have floor mat, mud flaps
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and wheel cover and such small small things,
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and they will charge 4000-5000 for this all.
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Dealer has 40-70% margin in the accessories they are giving you.
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that means dealer is giving you a 40 Rs. accessory to you in 100 Rs.
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and even you will get that accessory in Rs. 40 in outside market.
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But dealer cleverly add it in your bill
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and you will think it should be mandatory part.
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but point is that they are charging you very high
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and if you will get those basic accessory from market
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you will get them in Rs.1000 instead of Rs. 4000.
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and in fact you will get better quality as well.
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these small accessory do not have any functionality
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like mat has no other function than to keep lying on the floor : -)
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so these small small accessory cost you 4-5K more at dealer.
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then there is one more scheme on the name of accessory.
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dealer will say that he will give you 30-40 thousand discount
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but the day you will visit dealer on delivery day
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he will say i will give accessory worth 30-40k
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dont ever get into some schemes like this.
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if he offers you 40K accessories on name of discount
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you ask him to give cash discount worth 30-35k instead.
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my INSTAGRAM ID : motorcar.in
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because those 40k accessories are worth 10k outside.
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so try your level best to not to buy this accessory discount.
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rather focus on cash discount which will reduce cost of your car.
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and dealer mostly misguide you at the name of accessory
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that if you get outside accessory, warranty will lapse
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friends if you get even electronic accessory from a good shop.
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they will do coupler to coupler fitment.
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warranty gets lapsed when main wiring of the car is being cut.
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and misconnections are done in wiring.
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only in that case warranty is lapsed
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but in good accessory shop fittings are done using coupler
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and no more they need to cut the wiring of your car.
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so there is no question of warranty lapse.
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because 90% of cars have some or other accessory
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so by this rule all cars will be outside warranty
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Lets meet on Instagram Id : motorcar.in
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Next component is exchange car price.
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now a days when we go for a new car, we exchange with existing car.
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price of that car is reduced from the final bill.
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and that price is decided by the Dealer.
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Lets meet on Instagram Id : motorcar.in
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we generally fix quotation of new car first
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and in the end we consider the price of exchange (old) car
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and sometime we do that on delivery day itself.
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so just because they know it has been finalized
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bso they will give you the minimum value of old car.
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and this is the blunder we make.
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best thing is to get in contact with 2-3 dealers at the least.
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every dealer you visit, take along your old car.
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and get your old car evaluation done
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and ask what price they will offer you if you buy from them
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because this component is tricky one.
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dealer earn a lot in this old car
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even it sometimes earn more than the new car.
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they kind of repair the old car, make it shine and sell it at high price
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and that an additional benefit
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so get your old car evaluation well
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and bargain the most on this part.
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get quotation from 3-4 or more dealers.
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use 1 dealers quotation against 2nd dealer
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and do same for old car price and for new car price.
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and sometime people even get double price of old car this way
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because focus of dealer is on selling new car
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and he knows he will earn on old car anyways.
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and you get good value of your old car
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and you are saving your money, be it on old car or on new car
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so bargaining is the key here as well.
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and moreover you can do evaluation of your old car on
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portals like Cars24, olx auto etc etc on online
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my INSTAGRAM ID : motorcar.in
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and you can visit nearly car sale shop to know value of your car.
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and sell your old car where you get maximum value ,
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and dont commit yourself to dealer only for old car exchange. and
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I guarantee, you will save atleast 20000 on this segment only.
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so if you insist them and bargain well you will get more out of old car.
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i have seen this thing in 3-4 exchanges of cars.
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I sold 2003 model santro at high price in exchange.
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i went with my friends when they exchanged their cars
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there is always a heave margin in exchange vehicle price.
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My INSTAGRAM Id : motorcar.in
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and along with exchange price, there is one more addition "Exchange Bonus"
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and exchange bonus is offered from Car manufacturers.
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and it is in addition to your exchange car price.
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and it will be reduced from final price of your new car.
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suppose your old car was valued 1,50,000 Rs.
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and suppose exchange bonus is 30,000 Rs.
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so from your new car price first 1,50,000 will be reduced
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and then 30,000 Rs. will be further reduced from price
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sometimes Dealer might count that bonus in cost of your old vehicle
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so he will say he will give 1,50,000 on your old car
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But he will count 1,20,000 on your old car
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and 30,000 will be bonus as per him making it 1,50,000
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but you end up getting 1,20,000 instead of 1,50,000
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so clarify it at first whether bonus amount is included or not.
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so if you will have little patience and bargain well
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it will definitely save your money.
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My INSTAGRAM Id : motorcar.in
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next factor is the timing when you are visiting the showroom to buy a car
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i mean in which month of the year you are buying it.
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and on what date of that month your are buying the vehicle.
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to understand this you need to know how dealer earns his profit
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Manufacturer sells its car to the dealer
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and it gives a target to dealer to sell the car in a month
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these are two types of targets ...first is quarterly target.
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means the target dealer have to complete every 3 month
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then there is a monthly target.
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pressure to complete the first target is on dealer.
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dealer forward this target to the sales teams.
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so salesman are under pressure to complete the target in quarter end.
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like if we consider quarter of Jan Feb March
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so if you are planning to buy in these months
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then there is high chance that you will get more discounts in march
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plus you will get good value on your old car.
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My INSTAGRAM Id : motorcar.in
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and in that month too if you are going in March
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You will get different discount in first 15 days and different in last 15
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and in hurry to complete target dealer will give some additional accessory discount
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and even car company sometimes give benefit
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to the dealer to incentivize dealer for achieving target.
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and dealer will get additional benefit for each car sale.
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so dealer is very desperate to complete the target.
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and here lies your own benefit.
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he gets in your bargain to complete his own target.
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so try to go in month end and quarter end.
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still if you have doubt, message me on telegram,My INSTAGRAM Id : motorcar.in
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or comment down below i will clear your doubt.
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if you liked my video, please let me know in comment box.
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and please subscribe for more such content.
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Thankyou so much for watching. Jai Hind. Jai Bharat.
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