Opinion on Alto from Maruti True value..

[shirishindurkar]

Hello Friends,

I am planning to buy Maruti Alto LXI from Maruti True value dealer at Bangalore.

The vehicle has done 25000 Kms and 2.3 years old and the quote is
about 2.5+ .

Anyone has idea if 25K in 2.3 years is a stressed out vehicle?

For buying a second vehicle how much kms done shold be considered okey?

Any ideas?

Shirish.

[ravibhat]

For Alto 25000 kms is fine but 2.5 lacs is bit high, however Alto has good resale value but ask for not more than 2 lacs. Thats should be godo buy for 2004 model Alto. Search in otherused car dealers you can buy alto easily also search in internet that should help you get direct sellers.

You try popular automatch they are one good people! selling used cars.

Ravi.

[Surprise]

Originally Posted by shirishindurkar

Hello Friends,

The vehicle has done 25000 Kms and 2.3 years old and the quote is
about 2.5+ .

Anyone has idea if 25K in 2.3 years is a stressed out vehicle?

Less than 1000 kms per month running is good. Apart from the mileage part check with your known mechanic about the condition of the car.

Ravibhat: I dont think they will come down to Rs.2 L for 2004 model LXI alto

[CrAzY dRiVeR]

The price in true value will be a bit on the high side...

But, if you ask me, its worth going for a true value car...

I took the car from true value... the rpice was a bit high than market rates... But then, you get 1 year warranty+ three free services...

After taking the car, i got company horns, steering tie rod, some column joint (i dont know excetly what to call it), lights and indicators combinational switch etc replaced under warranty... Which should have been from my wallet in not for the warranty... The car is doing fine now, and am happy with it...

also, one more thing...

There is something else i would like to add...
1. Check the tyres... true value guys dont check it while taking car... The tyre could be old... (happened to me... Had to change tyres soon after purchase... looked ok, but was defective)
2. Make sure they give you the duplicate key...
3. Get all the papers from them...
4. Take a mechanic along with you to inspect car... They do check for accident case cars... But, its good if you make sure...

[ownerofazkaban]

I strongly suggest to go to show room, and look for folks who are buying swift, by a upgrade. They paid some 1.8lac for my uncle's Alto LXI, for 3 yr old car... but they will definitely up the car value heavily when they sell it. So you can as well go and talk to prospective exchange folks offer them 10K more than what they get in maruti exchange and then spend max 10k in sprucing it up. This is way better than buying from True Value.

[extreme_torque]

2.5 is too high a price for Alto LXi since its more than two years old. Besides why dont you for a new one, the difference in EMI wont be much especially if you will be buying the used on Finance and the interest rates are higher on used cars. Think abt it.

[directinjection]

There are some cases reported on this forum (would be available in the archives) in which the True Value guys had reversed the odometer and passed off high mileage cars as low mileage ones. So please make sure your mechanic undertakes a thorough check-up before buying the car.

[Knight Rider]

My dear friend, try searching in admag or free-ads, If you know a good mechanic, inspect the car and buy directly from the seller.

Assuming you are willing to spend 2.5 lakhs, why dont add some more money and buy a new alto?? Interest rates would be low if you are planning to buy the car taking a loan.

[Sush]

True value cars are always priced more. I have bought 2 cars from them and the experience was not so good. There was always some problem or the other and all the items were not covered.
I would recommend you to buy a new car.

[shirishindurkar]

Dear Friends,

Thanks much for all your comments...I been to True Value mela
organised by Maruti where all dealers participated..Well,I am yet
to finalize on my option..here are few things to note though meanwhile.

I felt overall rates quoted by TV are considerably high , worth it ,
I guess due to parts replacement not repairs and their certification system.

Regarding reversing the odo reading, but the TV engineer told that its
not possible as they are digital and secondly it can be figured out easily
where it is interfaced with wheels..

They informed me that odo tampering is also difficult as they provide
all the servicing records and it has all the details of what was the reading
on given service date.This can be cross verified.

The interest rates for new and pre owned cars have considerable difference, 11.50% and 14.00% respectively by maruti TV finance.

MTV site has some good docs to look for in a pre-owned vehicle.
Maruti Suzuki certified true value used car company: buy second hand pre owned cars, warranty, 120 quality checks, refurbished with genuine accessories

Maruti as such does not seem to finance by itself and have a tie up
with other banks (CITI) for funding.

Regards,

Shirish.

[lamborghini]

Hey Shirish,
i would suggest you to et a new Maruti Alto LXi.
It would maybe Rs500 mor per month in your EMI.

[DCEite]

I suggest you go for the new Alto LXi.
New Alto is externally more appealing.
Is BS-III as compared to the BS-II you are being offered.
Most importantly, there wont be much difference in EMI, as Lamborghini pointed out.


BTW, good choice with Alto. Nice, solid and easy to drive.

[mithun]

Originally Posted by shirishindurkar

Hello Friends,

I am planning to buy Maruti Alto LXI from Maruti True value dealer at Bangalore.

The vehicle has done 25000 Kms and 2.3 years old and the quote is
about 2.5+ .

Anyone has idea if 25K in 2.3 years is a stressed out vehicle?

For buying a second vehicle how much kms done shold be considered okey?

Any ideas?

Shirish.

Try to settle out for 2.25 lakhs max. Since you can get a brand new Alto for 3 lakhs, why should you pay about 2.5+ for a 2 year old Alto although Alto is having good resale value.

[Wheeliej]

I would suggest that you buy a new car too. EMI for new car is between 2050-2150 per lac per month; while for used cars the rate goes up to 2360-2480 per lac per month. 400 per lac per month would work out to a difference of 800 on a loan amount of 2 lacs; with that money you can go in for a higher loan amount.

Also, if you still go in for a used car, explore the option of a personal loan instead of a vehicle loan. If you go thru your salary account banker, you will get preferential rates for processing fees as well as interest rate. Plus you have the option of taking 100% loan (vehicle loan will be only 85-90% of the valuation - which is always much lower than the price you actually pay)

Recently a friend purchased a second hand car for 4.40 lacs. ICICI offered a used car loan @ 2472 plpm - max of 4 lacs for a 5 year loan; processing fees was 2% (I think). EMI would have been 9888 and together with the downpayment, the total payment over 5 years would have been 641k. We finally settled for a personal loan of 4.50 lacs @ 2225 for a 5 year loan; EMI was 10k; processing fee was 1k and total repayment will be 601k + the bank will give cash back Rs. 16k for timely payments over the 4 years.

Explore loan options and dont be in a hurry. a slight rate difference could work out to be very expensive.

[Technocrat]

@Wheeliej: This is the 2nd time I am hearing that the personal loan is coming cheaper than the vehicle loan. Damn the stadards are so much changing these days