Is there any advantage in waiting for New Year to buy a car ?

[mithun]

If someone buys a car this December, when the time comes to sell it off it will be considered as a 2006 model by the prospective Indian buyer which will result in about atleast 10% losses for the seller when compared to a Jan 2007 model.

So is there any other advantages other than the slight increase of resale value in waiting for the New Year Eve to buy a new car ?


PS : I'm not talking about any new product launches; which may happen every now and then...

[vikram_d]

Nope no other advantage. What you can do is to buy a car in December and drive it till January with a temporary registration and then get the final registration done. But besides the resale value no other advantage.

[hydrashok]

Nope. Other than the re-sale thing, nothing at all. The only other likely reason I can think of is some kind of new year offer or something, but this could be negated by possible rise in prices.

[benbsb29]

With the impending price hike, as well as the change in car insurance amounts determination i guess it wud make sense in purchasing ur car now, rather than wait for the New Year.

Also, with this being the year end period, u can find many manufacturers and dealers floating quite some interesting offers.

[condor]

The points have been said above: waiting for a Jan 2007 registration makes it a 2007 model. This does help in the re-sale value. Check out how long can you stretch the registration - if you can push it into the new year, without paying too much of addnl tax etc.

There could be some discounts in dec end. So, try to catch those. This has been my experience too: booked and took dely in end nov, and dec 2nd week they start a cool 25-45k discount.

[Surprise]

Is the registration going to be in your individual name or in Company's name?

You get discounts upto 30-40k during year end, which will be compensated while selling your car. Either way its more or less the same.

Getting the car registered in 2007 has edge over taking it in Dec 06.

[benbsb29]

There could be some discounts in dec end. So, try to catch those. This has been my experience too: booked and took dely in end nov, and dec 2nd week they start a cool 25-45k discount.

How true..!! The only thing one can do in such a case is sit n brood..
I bought my Flair in Oct, and towards the end of Nov, Ford gives first year insurance free on the Ikon. Well, cant complain too much.. i booked mine during the Dussehra period, and got a Blaupunkt MP3 player free.

[esteem_lover]

yes, other than the resale value, there is no other great advantage. like vikram said you could get a temp regn now & get it regd in Jan 2007. that way, at least your car will have a 2007 regn.

[ownerofazkaban]

With the fat discounts going around Diwali and extending into nov/dec, you gain more than buying in the new year.

The 30k-40k discounts on swift will be much more than the 10% loss in re-sale value 3 years down the line.

[rjstyles69]

Just the fact that , the car would have a 2007 registration on it.

[pradkumar]

I guess standard depreciation is calculated at 20% for the first year and 12% in subsequent years.

Pradeeo

Originally Posted by mithun

If someone buys a car this December, when the time comes to sell it off it will be considered as a 2006 model by the prospective Indian buyer which will result in about atleast 10% losses for the seller when compared to a Jan 2007 model.

[msdivy]

If a car costs 10L in Dec 06, will it cost 8L in Jan 07 (20% depreciation)? I dont think so. Anyway, it makes sense to calculate the age of car in months.

[speedzak]

Originally Posted by ownerofazkaban

With the fat discounts going around Diwali and extending into nov/dec, you gain more than buying in the new year.

The 30k-40k discounts on swift will be much more than the 10% loss in re-sale value 3 years down the line.

That's the way bro!

When going for a new car it's better to buy just before new year.
But when you're going for a used car, it's better to buy after newyear begins. Because you can always bargain a bit more to say it's an older model.

[theMAG]

Originally Posted by mithun

So is there any other advantages other than the slight increase of resale value in waiting for the New Year Eve to buy a new car ?


...

Sure, a very practical New Year's gift

[Max]

I say wait till Jan to buy a new car unless you have very specific reason to go for it. Its true buyers will consider it as 1 year old model even if you buy car on Dec 31.