Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 6th June 2012, 19:42   #16
Senior - BHPian
 
bluevolt's Avatar
 
Join Date: Jan 2011
Location: New Delhi
Posts: 2,963
Thanked: 2,211 Times
Default Re: How to dispose off a car with practically no resale value?

Whatever you do just make sure that the ownership is transferred to respective person i.e. it should not be in your name.

PS - Such cars are very useful for some mechanical students.

Last edited by bluevolt : 6th June 2012 at 19:44.
bluevolt is offline   Reply With Quote
Old 6th June 2012, 20:09   #17
Senior - BHPian
 
shankar.balan's Avatar
 
Join Date: Apr 2008
Location: BLR
Posts: 8,027
Thanked: 5,325 Times
Default

Quote:
Originally Posted by Su-47
Searched, but couldn't find much on this topic, hence starting a new thread.

We have a 2001 Matiz in the family which gets used only for school pick-up (8 kms/day of total driving). With the young one insisting on school bus from this year, the usage would come down further. I'm wondering what to do with this car now:

I can try to keep using the car once a week and keep it running until it becomes too cumbersome/expensive. But, when the day comes, is there a procedure to "de-register" the car? After that, I presume I can sell it off as scrap. If I sell it as scrap, is it my responsibility to ensure that the car is unusable on the road?

Many Thanks,
Su-47
I guess you can convert it to cash - you will atleast get 50grand for it dont you think? You can always use that money for fuelling up the other vehicles that you own!
shankar.balan is offline   Reply With Quote
Old 6th June 2012, 20:36   #18
BHPian
 
guyfrmblr's Avatar
 
Join Date: Aug 2011
Location: Boston
Posts: 940
Thanked: 1,920 Times
Default

We have a 2001 Omni which has run around 54k and is in a pristine condition. Many are willing to pay 1.25L for it (we never intend to sell it as I have great sentiments attached with it. It was the first vehicle in which I learnt driving). You can try selling your Matiz as it'll easily fetch you good amount depending on its condition.

Last edited by guyfrmblr : 6th June 2012 at 20:38.
guyfrmblr is offline   Reply With Quote
Old 6th June 2012, 20:43   #19
Senior - BHPian
 
scopriobharath's Avatar
 
Join Date: Nov 2007
Location: Chennai
Posts: 3,565
Thanked: 1,175 Times
Default Re: How to dispose off a car with practically no resale value?

Try the following:
  • Dismantle the car and sell parts to dealers / on net - You will make good money
  • Approach DC And check if they need a Matiz. They have a Body Kit remodification for Matiz. Some one maybe interested in the lifestyle vehicle
  • Put it up on internet websites (including TBHP Classifieds)
  • Approach used car Dealers. Its worth paying commission on sale
  • If you plan to buy a new car, "exchange" the car under some scheme.
scopriobharath is offline   Reply With Quote
Old 6th June 2012, 20:51   #20
BHPian
 
Join Date: Aug 2008
Location: Bangalore
Posts: 361
Thanked: 26 Times
Default Re: How to dispose off a car with practically no resale value?

You may ask a few Driving Schools if they want to buy it !!!
MuraliR is offline   Reply With Quote
Old 6th June 2012, 21:08   #21
BHPian
 
Abhi_abarth's Avatar
 
Join Date: May 2012
Location: Hyderabad
Posts: 330
Thanked: 113 Times
Default Re: How to dispose off a car with practically no resale value?

Su-47: I am travelling on the same boat. I have a FIAT UNO 1.2 elx (petrol) Dec 1999 model bought last year from my friend. Main purpose of the car was for my sister who was pregnant and we didn't want to risk going to the hospital for regular checks on my bike or an auto rickshaw given the condition of roads at our place. I should say the car served the purpose reasonably but things have started going bad off-late with frequent breakdowns and it has reached to a point where I have stopped using it completely. As it is I have done less then 800 Kms within one year of ownership. Have tried to sell it but the price quoted by people was way beyond acceptance. First question people ask me when I say a UNO is, Is it a petrol or diesel and that is where I lose most of them since it's a petrol (many mechanics say the diesel version itself can be bought for 40 k). Others come up with an asking price of meager 25 k. I agree the UNO has terrible re-sale value but having spent a good amount on it's maintenance it pinches to sell it for such a paltry price and to people who do not know it's value ( read driving pleasure), instead I might donate it to an NGO as per GTO's suggestion.


Request the Gurus to pitch in with your suggestions.

Car is running on 4 new tyres, new battery, new brake booster. Only problem currently is coolant liquid oozes out whenever radiator fan switches on automatically. 3 different Service centers couldn't fix it.

Cheers,
Abhi
Abhi_abarth is offline   Reply With Quote
Old 6th June 2012, 21:26   #22
Senior - BHPian
 
predatorwheelz's Avatar
 
Join Date: Feb 2009
Location: Delhi/Kolkata
Posts: 1,653
Thanked: 1,103 Times
Default Re: How to dispose off a car with practically no resale value?

Quote:
Originally Posted by nandans2005 View Post
why do you want to do this at all ? why dont think of preserving the car ? why cant you have it, it may fetch you a very good price after sometime as an antique! think over !
I second Nandan on this. A well maintained old car (not talking vintage or classic here, just an old car) becomes a pride and joy after some years, and becomes more of a talking point than most modern boxes.

I live in a housing society in Dwarka, which is massive and houses 200 plus vehicles. They include Audis and BMWs as well. But the vehicles that get the most eyeballs are:

(1) A first model Maruti 800 with an UAS number driven by an old Sardar, and (2) A Daewoo Nexia (remember the DOHC, wild child version of the sedate Cielo?) that is so impeccably maintained, I want to steal it!.

So keep the Matiz. After 10 years it'll cost peanuts to service, and car lovers will look at you with respect.

Quote:
Originally Posted by Su-47 View Post
It is occupying precious parking space, which someone else in the apt. can use.
Park it on the road, no one will steal an 11 year old car. And if someone does, you'd have found an ironical solution to your problem!
predatorwheelz is offline   (3) Thanks Reply With Quote
Old 6th June 2012, 21:49   #23
Senior - BHPian
 
rajeev k's Avatar
 
Join Date: Jul 2009
Location: Emerging Metro
Posts: 3,306
Thanked: 1,730 Times
Default Re: How to dispose off a car with practically no resale value?

Quote:
Originally Posted by Su-47 View Post
I But, when the day comes, is there a procedure to “de-register” the car? After that, I presume I can sell it off as scrap. If I sell it as scrap, is it my responsibility to ensure that the car is unusable on the road?
There sure is a way to sort of de-register the car. The RTO would give exemption so that even the Road Tax need not be paid.
But if you sell it even at scrap value there is no guarantee that the car will not be used by the buyer with the car remaining in your name. The way is to enter into a deed with the scrap buyer in the desired lines.

In spite of these the fact remains that the sparingly used Matiz is a fine car to be even thought of for scrapping. Sell it to any genuine buyer, if all the papers of your car is in order and there isn't any tax dues, and see it off.

Last edited by rajeev k : 6th June 2012 at 21:52.
rajeev k is offline   Reply With Quote
Old 6th June 2012, 22:04   #24
BHPian
 
Join Date: Oct 2009
Location: Bangalore.
Posts: 640
Thanked: 40 Times
Default Re: How to dispose off a car with practically no resale value?

Quote:
becomes more of a talking point than most modern boxes.
This is the sole reason that i have still preserved my M800. It is 8 years old now. Proud to say that i have kept it like brand new. It has many fans in my clients and friends. I never liked taking any of my other cars more than my M800. My clients come to see me off just to see the car. Now that this car is not produced anymore, it has started getting that much more sympathy. It enjoys a great soft corner with me and others. It has done 1.47 lakh kms.

Su, Think over and try to keep it. You will never regret it later.

It runs on LPG, but

Last edited by nandans2005 : 6th June 2012 at 22:08.
nandans2005 is offline   Reply With Quote
Old 6th June 2012, 23:41   #25
Senior - BHPian
 
girishglg's Avatar
 
Join Date: Oct 2008
Location: KA-05
Posts: 1,079
Thanked: 424 Times
Default Re: How to dispose off a car with practically no resale value?

1. You could check with some Matiz owners clubs if any in our country where there would be genuine buyers for the car at the right price

2. Try to refurbish the car by tuning the engine, updating the interiors and maybe match up the looks to the present Spark to keep it contemporary and add a LPG kit to keep the running cost down. Voila you have an old new hatch in your garage which you can use for your regular runabouts.
girishglg is offline   Reply With Quote
Old 7th June 2012, 01:14   #26
Senior - BHPian
 
Anand123's Avatar
 
Join Date: Dec 2007
Location: trivandrum
Posts: 1,915
Thanked: 2,593 Times
Default Re: How to dispose off a car with practically no resale value?

So happy to see another Matiz owner! I have a silver one, 99 model. It has run around 60K kms and I'm still using it (I have an i10 too). As of now I have no plans to sell my car and I'd suggest you the same. If you really want to sell that off, you can expect around 50,000 for your's. A family friend of mine sold his 2001 model Matiz last year for that price.
Anand123 is offline   Reply With Quote
Old 7th June 2012, 01:41   #27
BHPian
 
saion666's Avatar
 
Join Date: Nov 2011
Location: WB-06/TS-07
Posts: 287
Thanked: 247 Times
Default Re: How to dispose off a car with practically no resale value?

Don't scrap it please. There are many college students and young professionals who are fresh out of college who would love to have a cheap car as a conveyance.
The reasons being:
i> Many have just learnt to drive and wants a car for practice(hath pakana) before they graduate to a new one.
ii> A 4 wheeler owner is always a gaddiwala in India, even though the car may cost less than a R15.That brings respect. :P
iii> Girlfriends feel more 'at ease'(you know what I mean) in a car than an open bike.

So,in a nutshell please don't scrap it. Put it up for sale at around 40-50k and you would probably have someone to take care of it.
saion666 is offline   (1) Thanks Reply With Quote
Old 7th June 2012, 11:10   #28
Senior - BHPian
 
Join Date: Dec 2009
Location: Ghaziabad
Posts: 1,007
Thanked: 760 Times
Default Re: How to dispose off a car with practically no resale value?

We just sold our 2002 Matiz SG for 80K. Not exactly scrap value now, is it? Give it a try...
roy_libran is offline   Reply With Quote
Old 7th June 2012, 11:12   #29
BHPian
 
Join Date: Apr 2010
Location: New Delhi
Posts: 941
Thanked: 256 Times
Default Re: How to dispose off a car with practically no resale value?

Quote:
Originally Posted by Su-47 View Post
Searched, but couldn’t find much on this topic, hence starting a new thread.

We have a 2001 Matiz in the family which gets used only for school pick-up (8 kms/day of total driving). With the young one insisting on school bus from this year, the usage would come down further. I’m wondering what to do with this car now:

I can try to keep using the car once a week and keep it running until it becomes too cumbersome/expensive. But, when the day comes, is there a procedure to “de-register” the car? After that, I presume I can sell it off as scrap. If I sell it as scrap, is it my responsibility to ensure that the car is unusable on the road?

Many Thanks,
Su-47
Only in Bangalore can you realistically sell a car like Matiz (or maybe the whole south India). I tried selling one 2000 model which I had for a while (in Delhi). The prices quoted were as low as 20-25k. I sold the car to a scrap dealer@15k. Didn't want to take any hassles.

Somehow Bangalore folks seem to love this car. I thought of selling this car in Bangalore before shifting back to Delhi. But the amount of hassles/paperwork/time was prohibitive. I could have fetched <50k easily.
Abhi_Automobile is online now   Reply With Quote
Old 7th June 2012, 11:19   #30
BHPian
 
Su-47's Avatar
 
Join Date: Aug 2006
Location: Bangalore
Posts: 623
Thanked: 91 Times
Default Re: How to dispose off a car with practically no resale value?

What a coincidence! I opened this thread yesterday, and the little one came back with a deep nail-scratch on the neck and blood stains on the collar. His first school bus fight!

Some day he has to learn the skills to survive in the society, but, we are wondering if the right time is now or a couple of years later? Most parents would understand our dilemma, but for now we are acting brave and are continuing to send him by bus. But, will keep the car for now, just in case!

Quote:
Originally Posted by Guna View Post
can you mention the condition and the odometer reading of the car. From what you have mentioned, it is in a good working condition and how did you conclude that it has no resale value?
Decent condition, 50-60k on the odo. The issue is no-one cares about the kms run or condition the moment they hear Matiz.

Quote:
Originally Posted by Guna View Post
Another idea is to use it/donate to engineering institutes (or even amateur innovators) who need a car shell/body for projects such as converting to electrical/solar car. Matiz will make a nice platform for such projects
Quote:
Originally Posted by bluevolt View Post
PS - Such cars are very useful for some mechanical students.
Quote:
Originally Posted by mayuresh View Post
Could it be useful to training institutes for mechanics (such as Govt run Industrial Training Institutes etc) for their practical lessons?
A very good suggestion guys!
Quote:
Originally Posted by predatorwheelz View Post
Park it on the road, no one will steal an 11 year old car. And if someone does, you'd have found an ironical solution to your problem!
Good one predator, but the worry would be theft of tyres or battery (which is a shiny new Amaron-FLO).
Quote:
Originally Posted by girishglg View Post
2. Try to refurbish the car by tuning the engine, updating the interiors and maybe match up the looks to the present Spark to keep it contemporary and add a LPG kit to keep the running cost down.
Running is too low to justify an LPG kit.
Quote:
Originally Posted by Anand123 View Post
So happy to see another Matiz owner! I have a silver one, 99 model. It has run around 60K kms and I'm still using it (I have an i10 too). As of now I have no plans to sell my car and I'd suggest you the same.
Anand, Good to to see you as well! As of now, not planning to sell the car.

Finally, it's great to see so many diverse responses and good suggestions. Much appreciated.

Cheers,
Su-47

Last edited by Su-47 : 7th June 2012 at 11:24.
Su-47 is offline   (1) Thanks Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
How do dealers dispose off a Demo car? rajivanoj The Indian Car Scene 114 1st October 2016 10:05
How to dispose off old car parts? rohan_iitr Technical Stuff 12 7th November 2014 11:44
Car got waterlogged, repairs estimate greater than resale value, what to do? floyd Street Experiences 25 28th December 2009 12:22
Will Tata's & Maruti's, crush second hand car resale value vinodvv The Indian Car Scene 7 6th January 2007 00:19
Whats the resale value of C-class Sahil Luxury, Imports & Niche 4 27th September 2005 21:12


All times are GMT +5.5. The time now is 00:08.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks