A simple buying guide: Finding the right car for you


12 Dec 2023

Kotak Car Insurance: Navigating the Road to Your Dream Car

The definition of the ‘right’ car is a personal one. The right one is the perfect blend of your preferences, practicality, reliability and, of course, affordability that is tailored to meet your individual needs. So, if you too are finally going to take a step towards the long-cherished dream of owning a car, it is crucial that you make a well-thought-out decision. Because it is going to be a major spending, you need to think it through.

Simple buying guide

Here are some simple tips and tricks that you can keep in mind when planning to buy the car of your dreams:

  1. Know your purpose
    While the ultimate aim of having a car is comfortable travelling, everyone’s purpose of buying can be different. The number of members in the family, your driving preference, your location, parking space etc. are things you need to factor in.

  2. Choose the car that suits your needs
    Once you know the purpose, it'll be easier to shortlist cars that suit your needs and proceed with your car buyer guide. Ask yourself if you need a sedan, a hatchback, a compact SUV or an SUV. Then comes the choice between an automatic or a manual car, and then of course the fuel variants. You should choose carefully between petrol, diesel, an EV or a hybrid car.

  3. Plan your budget
    One of the most important things in the car buyer guide is your budget. Whether you’re going for a car loan or are going to pay the entire amount upfront, the amount has to fit into your budget. As a thumb rule, your EMI shouldn’t exceed 15% to 20% of your monthly income. However, it is your personal choice.

  4. Be thorough with your research
    Once the prelims are complete, the next in the car buyer guide would be doing your research. With a clear segment of cars in mind, you can analyse each car that fits your budget and your requirements. Reviews and ratings can help.

  5. Go for a few test drives
    Your car buying guide will remind you to definitely take a few test rides. Just reading about a car would not give you much of an idea of its performance. A few test drives will surely help in comparing different cars.

  6. Find out the cost of ownership
    Whether you’re buying a new car or a preowned car, you need to keep in mind the cost of ownership. Along with the registration, car insurance is also mandatory. At Kotak Car Insurance, we offer both third-party and comprehensive car insurance. Pick the one that is best suited to your needs. If you have had a car before and have some acquired no claim bonus, you can use that when buying car insurance.


A car is often a hefty and long-term investment. Make sure you spend enough time on your research and make a well-informed decision.

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Team Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.