Hi Guys,
I wanted to go for Swift VXI during Diwali, but after reading about Grande Punto, i am feeling that is worth waiting for another 8-10 months for the car to be launched
in India.
But since i cant do away without car, i am intending to go for a 2003 Diesel 1.9 ELX palio D, which i think can be bought for 2.2-2.3 Lakhs.
1. I am thinking of holding this car for 12 -18 Months, then sell it off and buy grande Punto (based on good response). This 12-18 months should be giving me a fair
idea of FIAT - TATA serivce in Chennai.
2. And moreover i think i should be sell the car at that time for 1.5 Lakhs, by which i am be offsetted only by 70-80 grands.
3. Also i heard from few palio owners that car is very sturdy, maintainence is not huge and Service has improved a lot after TATA's has pitched in.
4. I also checked with Concorde Motors in Chennai, they are still servicing Palio D and they can evaluate the Palio which i intend to buy for any major repairs.
5. I may drive close 700 KMS a month. For this Diesel for Palio @8KMPL works out to Rs. 3062 and Used Santro @10KMPL@ 50 Rs Litre works out to Rs.3500, i still make a
saving of Rs. 450 bucks a month.
6. As this is going to be my first car, atleast i wont have a great pain in seeing my NEW car getting scratched. (doesnt mean that i dont mind palio D getting
scratched ;-) )
I also read the post from deepash Puri,
http://www.team-bhp.com/forum/indian...-mistakes.html (Buying a Second Hand Car - Learn from my mistakes!!!) 
. hope to follow them.
Questions :
1. What is the going rate for Loans for Used Cars
2. What is ur suggestions on my thoughts, are they very hypothetical? \
3. Request feedback from Palio 1.9 D owners about Car and service in Chennai
4. Is there a better place to take the car for evaluation?
5. How can we find car is accident freee?
regards,
Prasanna KV