7 Parameters That Define A True Value-For-Money Car

For some people buying a car is a matter of the heart. They are so smitten by a particular model that they will end up buying it without bothering about practical considerations such as price, mileage or resale value. Then there square measure others (possibly the majority) World Health Organization need their automotive to be good on all fronts while not burning a hole within the pockets – a real value-for-money car. While value for money may mean different things to different people, one word that does sum it up is ‘multitasker’! Here are some ‘value’ pointers to keep in mind when shopping for a car to ensure you get the maximum back for your buck:

1. Looks:

It’s usually assumed that reasonable cars can not be sensible trying. But that is so last century! With a myriad of options available in the market today, finding a good looking car that fits within your budget is not so difficult anymore. If none catches your fancy, then maybe you should consider flexing your budget a bit. Remember, an automotive that appears sensible also can fetch an honest marketing price in the future.

2. Resale value:

You won’t keep your automotive forever unless you're, perhaps, a collector. There will come a day when you will bid adieu to your prized possession. While a well-kept car will fetch you a better sum than a poorly maintained one, what also helps is opting for a brand/model that is popular and highly in demand. Cars from Maruti, Hyundai, and others with a good network across the country are also highly sought after in the used car market.

3. Features and Utility Space:

Features/equipment help make your journey comfortable and convenient and should be a pivotal consideration in case you are driving daily. Features such as an OEM-fitted audio system, power windows, Bluetooth connectivity are some that should be considered during purchase. However, you should not get sold on every feature on offer if it’s of no use to you. Also, do keep in mind you'll get options put in individually through aftermarket dealers. That coupled with a good amount of utility space on offer such as cubby holes and boot space capacity can up the value quotient. Unless, you drive solo, and all you require is a contraption with four wheels and a steering wheel!

4. Cost of ownership:

This is one aspect, which, if not given much thought to, can spiral up the cost of owning your dream car. Ideally, you would want this cost to be as low as possible and for that, you will need to calculate costs involved in a car’s service, maintenance as well as spare parts. Now, how does one do that? Let’s take up an example by examining the service and maintenance costs of a Maruti Suzuki Swift petrol and diesel.

Taking into consideration the service charges, the petrol variant of Swift has a running cost of approx. 40 paise per km over 40,000km or four years (if average running is 10,000km per year) whereas its diesel counterpart will consume 65 paise to run a km over the same period. For now, we've not taken any wear and tear charges into thought. You can calculate the service price of your potential to get equally.

Overall, diesel parts cost on the higher side. Always keep in mind, the right car is the one that suits your driving routine and requirements. So don’t pre-decide a fuel kind before taking into consideration the value of possession.

5. Safety:

If you think airbags, ABS, traction control, etc, are just jargon meant for racers or enthusiasts, think again. Safety is a must and should not be compromised upon. Even if you are on a tight budget, opt for a car that at least has airbags and ABS. Nowadays, even tiny cars like Volkswagen Polo, Ford Figo, Maruti Baleno offer airbags as standard across all variants. Some carmakers even provide airbags as an option or at least in the top-end variant. These features not only protect occupants from injury or even death in case of an accident, but they also add to your car’s resale value.

6. Mileage:

This is probably one of the most important aspects of our junta. For many automotive patrons, this parameter often ends up being a deal maker or breaker. While diesel cars provide higher potency than petrol-powered ones, do take into account your daily running before making a decision. If your daily commute is relatively low (less than 15,000km per year), then there is no point shelling out the extra money that diesel vehicles command. Here’s however you'll decide that fuel kind suits you the simplest.

7. Performance and the Ride:

By performance, we are neither emphasizing on opting for a track-ready car nor do you have to drive like Dominic Toretto from The Fast and Furious series. But do make sure that the car in question has enough power for your needs. If you plan to do a lot of driving on the highway or in the hills, then ensure the car has enough power to undertake quick overtaking maneuvers and with a full house. In the pursuit of achieving higher fuel potency, car manufacturers tend to detune the engines. Always, take a test drive and feel free to check the car’s acceleration. Also, don’t shy away from inspecting the handling and ride quality of the car. A true value-for-money automobile ought to have a responsive engine and a stable ride.

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