REPAIR OR REPLACE: GUIDELINES TO DECIDE

We often come across situations, when we don’t know, whether we need to get our car repaired or to replace it. Some cars do last for a long time but it’s not the case with every car, so you should stop thinking to get more from your car. But how would you know if you need to give up on it or get it repaired and run it for some more time? We will provide you with some guidelines to make your decision an easier one.

Evaluation of your vehicle

Inspect your vehicle and evaluate its condition so that you can take further steps. You can do this step after making a checklist by yourself or can get a mechanic to perform this step. Evaluating the condition of your vehicle will give you the exact report and you will be able to know the potential of vehicle and its problem.

Determine Future Maintenance Cost

Assemble maintenance schedules as according to the mileage of your car and mileage required in future. Take your car to the mechanic of your trust and pay them to inspect the car as according to the maintenance schedules. The cost of these inspections should be fairly inexpensive, and the information they will provide will be more than worth the expense. Add up all recommended repair costs plus all previous repairs during the year. Divide this number by 12 to determine your average repair cost for the given year. This number will not however include any breakdown or unexpected repairs.

How much is your car worth

After getting every piece of information from both the steps above, you now need to determine the value of your vehicle. Also determine the value of competitive cars that are available around you, this will help you to know the real worth of your car. It is important to know the worth of your car, to make you able to get the best price if you are planning to dispose off your car.

Cost of your next Car

Now that you have determined your yearly repair costs, the value of your current vehicle, and a possible sales price you must calculate the monthly payment of the new car. Paying a larger down payment on the new car will lower the monthly payment. Keep in mind you are replacing a vehicle that you know will be incurring future repair costs, so don't take on more money debt than you can handle. Hopefully you have a month or two before these expected repair bills will be required, so you will have some time to price shop the new car, and have time to sell your current vehicle.

If you can’t purchase a new car due to shortage of funds, don’t worry, just connect with Shriram Automall India Limited (SAMIL). SAMIL provides a wide range of used vehicles and equipment.  You can own the car of your choice easily by accessing SAMIL’s online as well as physical bidding platforms and get the best deals. Finance services from SAMIL in association with Shriram Transport Finance Company (STFC) makes acquiring used vehicle very convenient and safe.

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5 Electric Vehicles that will take on the market by 2020

The development we are making in clean fuel like electricity is something that cannot be ignored. 2016 saw the launch of a number of electric vehicles that will come to our roads soon & wave the flag of clean and green world. Now we are only few years away from wide spread introduction of electric vehicles as major manufacturers have already decided to roll out its new models powered by electricity.

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Volvo Fleet – Volvo is a company which is setting new benchmarks with its SUV & Sedans that are capable of dethroning the legacy of the Germans. Its CEO Hakan Samuelsson said that by 2020, 10 per cent of its global sales will be from electrified vehicles. The company will roll out its first electric vehicle by 2019, but the details are still not available.

Mercedes Benz – The Company has already taken the market by storm by unveiling its all new electric concept at the Paris motor show and plans to unveil at least one electric car by 2018. Daimler's chief development officer Thomas Weber said the company will debut a prototype of an electric vehicle with a range of 310 miles per charge at the next Paris Motor Show.

Tesla Model 3 – Tesla is a company which everyone thinks of when they think about electric cars. The company which has a limited presence in the USA is planning to go big with the launch of its Model 3 globally. Tesla Model 3 has a starting range of more than 200 miles per charge and can go from zero to 60 miles per hour in just six seconds and the car will cost $35,000 before incentives.

Porsche – The Company has already made big headline when they introduced the concept ‘Mission E’ which will roll out the first electric Porsche by 2020. The car will boasts of a range of about 310 miles per charge and is capable of charging about 80 per cent in just 15 minutes. The car will also be capable of going from zero to 60 miles per hour in just 3.5 seconds.

Audi - The Company is already famous for its ‘E-tron’ concept which won the best electric car of the year in 2015; however the company for its customers will launch the first electric car in 2018. The new vehicle will be inspired by the company's e-tron quattro concept. It will have three motors, a range of 310 miles on a single charge and quick charging capabilities.

Meanwhile the electric technology is still some time away; you can began contributing towards the environment by buying used Cars with a CNG engine from Shriram Automall. The company offers a wide range of used cars, SUVs, Sedans with CNG engine options at optimal price.

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