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Venkat · 19th October 2006, 15:40

Good post....

1. My car ( the car that I drive ) is a Honda City 1.3L. 1999 model bought after one year with under 10K kms on the odomoter. Owned by a doctor whose dispensary was within walking distance. Took the car to Lonavala on a few sundays and then decided to sell the car since it was now one year old. He bought it at about 9 Lacs and I got it at about 6 lacs. A 3 lac saving in capital. It is now having 168K kms under its belt and still running fine. Calculate the interest costs on the price difference and it has paid well for itself.

2. My wife's car is a WagonR. Late 2003 model. Bought in Dec of 2004 with about 11K kms on the odo. Maruti True value certified by Vitesse. Original price is probably 4.5 lacs and got it for 3.2 lacs. Not a dent on the body. Some new car smell too....if that is important. Hardly used. But a good saving in capital cost again.

I have made it a strong point ONLY to buy second hand cars for the reasons enumerated by GTO.

Venkat

19th October 2006, 15:40	#17 (permalink)
Venkat BHPian Join Date: Apr 2006 Location: Mumbai Posts: 70	Good post.... 1. My car ( the car that I drive ) is a Honda City 1.3L. 1999 model bought after one year with under 10K kms on the odomoter. Owned by a doctor whose dispensary was within walking distance. Took the car to Lonavala on a few sundays and then decided to sell the car since it was now one year old. He bought it at about 9 Lacs and I got it at about 6 lacs. A 3 lac saving in capital. It is now having 168K kms under its belt and still running fine. Calculate the interest costs on the price difference and it has paid well for itself. 2. My wife's car is a WagonR. Late 2003 model. Bought in Dec of 2004 with about 11K kms on the odo. Maruti True value certified by Vitesse. Original price is probably 4.5 lacs and got it for 3.2 lacs. Not a dent on the body. Some new car smell too....if that is important. Hardly used. But a good saving in capital cost again. I have made it a strong point ONLY to buy second hand cars for the reasons enumerated by GTO. Venkat __________________ Venkat, 48, Mumbai Love to travel by Road.