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Old 22nd May 2016, 17:05   #106
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I did try negotiating with the dealer at first, but he had this attitude of "either you buy the car or you walk off , there are a number of used car dealers ready to buy the car at a higher price than you quoted", which obviously was a negative to start with. Then the whole idea of spending about 1.5 million on a 3 year old demo car started to feel unappealing.
Secondly a week later i got this news of the dealership getting shut down, which made me lose confidence on the overall deal.

Finally, walked off.
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Old 22nd May 2016, 17:51   #107
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Default Re: How do dealers dispose off a Demo car?

Indeed the right call that you took. You should thank your mighty stars! 40k is a lot of mileage for all sorts of people to have tried their hands at and abused the car.

In general as well, unless getting a really honest and transparent deal on a Demo vehicle, it's just better to skip and look elsewhere in the used car space to buy a pre-worshipped and well kept one.
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Old 2nd September 2016, 13:05   #108
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Default Re: How do dealers dispose off a Demo car?

Hello experts, I have a query here. Is it a good idea to buy a used demo car from a dealer? The car in question here is a Fortuner 4*4 AT. It's 1.5 years old, (have decoded the VIN already) and has clocked about 24000 kms. The dealer has been very honest so far about the happenings with this car. One of the rear doors was repainted and there are a few other minor scratches here and there. The test drive was satisfying to me. They even opened the service history on their internal software and their story about the repairs matches. I have also contacted the insurance company and they will be sending a claim report in another 2-3 hrs. There is about 6 months of warranty left on the vehicle and they are offering another 2 years of company warranty.
1. Should I consider this purchase or should I walk away?
2. Their asking price is in the ballpark of 26 lacs. And I think there isnt much scope of bargaining below 25 lacs. Is this a good deal?
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Old 2nd September 2016, 13:33   #109
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Default Re: How do dealers dispose off a Demo car?

Quote:
Originally Posted by SHANKY11 View Post
Hello experts, I have a query here. Is it a good idea to buy a used demo car from a dealer? The car in question here is a Fortuner 4*4 AT. It's 1.5 years old, (have decoded the VIN already) and has clocked about 24000 kms. The dealer has been very honest so far about the happenings with this car. One of the rear doors was repainted and there are a few other minor scratches here and there. The test drive was satisfying to me. They even opened the service history on their internal software and their story about the repairs matches. I have also contacted the insurance company and they will be sending a claim report in another 2-3 hrs. There is about 6 months of warranty left on the vehicle and they are offering another 2 years of company warranty.
1. Should I consider this purchase or should I walk away?
2. Their asking price is in the ballpark of 26 lacs. And I think there isnt much scope of bargaining below 25 lacs. Is this a good deal?
You can get the new one for around 28 lakhs showroom price. Id say walk away, no deal. Buy a new one instead. Look at the Endeavour if you want. But buying a 2 year old vehicle with 24000kms already, for just 5-6 lakhs less is wrong IMO. If it was around 18, that should be the price. Dealers themselves say the vehicles depreciate 20% per year. So a 30 lakh car should be 18 lakhs after 1.5 years.
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Old 2nd September 2016, 14:02   #110
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Default Re: How do dealers dispose off a Demo car?

Quote:
Originally Posted by SHANKY11 View Post
Hello experts, I have a query here. Is it a good idea to buy a used demo car from a dealer? The car in question here is a Fortuner 4*4 AT. It's 1.5 years old, (have decoded the VIN already) and has clocked about 24000 kms. The dealer has been very honest so far about the happenings with this car. One of the rear doors was repainted and there are a few other minor scratches here and there. The test drive was satisfying to me. They even opened the service history on their internal software and their story about the repairs matches. I have also contacted the insurance company and they will be sending a claim report in another 2-3 hrs. There is about 6 months of warranty left on the vehicle and they are offering another 2 years of company warranty.
1. Should I consider this purchase or should I walk away?
2. Their asking price is in the ballpark of 26 lacs. And I think there isnt much scope of bargaining below 25 lacs. Is this a good deal?
I would usually recommend against demo cars but this is basically a Toyota truck and from what you have written the dealership seems pretty straightforward. The price however, is simply not attractive enough. The car is two years old and will be replaced with an all new model next year. Offer 19 lakhs and walk away.
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Old 2nd September 2016, 14:10   #111
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Default Re: How do dealers dispose off a Demo car?

Quote:
Originally Posted by SHANKY11 View Post
1. Should I consider this purchase or should I walk away?
2. Their asking price is in the ballpark of 26 lacs. And I think there isnt much scope of bargaining below 25 lacs. Is this a good deal?
I think you can definitely consider it. I usually never recommend Demo cars but if you are able to ascertain that it is a genuine car and there is no excessive wear and tear of parts then surely go ahead. 26L is a bit high but then other members quoting 18-19L is totally wrong too. Fortuner has an excellent resale and no way are you going to get a top end 4x4 vehicle with 20k kms at less than 25L. More so in this case do you become the first owner or second?

Try squeezing them a bit more and if you can get the price reduced to 22-23L then it would be a real VFM deal. BTW at 26L or a bit more, you might get a similar specced Fortuner in the used car market too.

Last edited by drmohitg : 2nd September 2016 at 14:15.
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Old 2nd September 2016, 15:18   #112
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Default Re: How do dealers dispose off a Demo car?

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Originally Posted by mijnoirhammer67 View Post
You can get the new one for around 28 lakhs showroom price. Id say walk away, no deal. Buy a new one instead. Look at the Endeavour if you want. But buying a 2 year old vehicle with 24000kms already, for just 5-6 lakhs less is wrong IMO. If it was around 18, that should be the price. Dealers themselves say the vehicles depreciate 20% per year. So a 30 lakh car should be 18 lakhs after 1.5 years.
Here in Delhi, a new Fortuner 4X4 AT costs close to 34 lacs on the road. And that, when I'm not factoring the recent 1% green cess imposed on diesel cars. So its 8 lacs off the billing price. The original idea was to buy an Endeavour only but this stupid ban that has been here in the NCR for the last eight months hampered my plans. Its next to impossible to get my hands on an Endeavour right now. Minimum 3 months is the waiting period, which my circumstances dont allow at the moment.

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Originally Posted by IshaanIan View Post
I would usually recommend against demo cars but this is basically a Toyota truck and from what you have written the dealership seems pretty straightforward. The price however, is simply not attractive enough. The car is two years old and will be replaced with an all new model next year. Offer 19 lakhs and walk away.
The only reason that I'm even considering it, is that its a TOYOTA. The test drive, the honesty from the dealer's end and the long warranty coverage are the reassuring factors here. I know 26 lacs is a bit steep, but I have tried the used car market and for 19 lacs I am getting 3+ year old examples. And, in those I have to compromise on either the AT gearbox or the 4WD system. Because, the 4X4 AT variant was launched last year only and its hard to find such recent variants in the used car market. In all of NCR (when I searched online), I could only find 1 2015 4X4 AT, which was quoted at 27 lacs.

Quote:
Originally Posted by drmohitg View Post
I think you can definitely consider it. I usually never recommend Demo cars but if you are able to ascertain that it is a genuine car and there is no excessive wear and tear of parts then surely go ahead. 26L is a bit high but then other members quoting 18-19L is totally wrong too. Fortuner has an excellent resale and no way are you going to get a top end 4x4 vehicle with 20k kms at less than 25L. More so in this case do you become the first owner or second?

Try squeezing them a bit more and if you can get the price reduced to 22-23L then it would be a real VFM deal. BTW at 26L or a bit more, you might get a similar specced Fortuner in the used car market too.
I agree that I can get one in the used car market, but this particular variant is 4X4 AT, which was launched in 2015 only and is non existent in the used car market. I know it sounds crazy but when you know that something superior exists in the market and you settle for less, then it pinches later. AT is something which is a necessity for me and 4X4 is something that I would love to have in my SUV (Even if its used only 4-5 times in its entire lifetime)
I would be the second owner, since its a properly registered vehicle (in the name of the dealership). The car is genuine and there is no evident wear and tear. I think I will try and bargain hard here to get the best possible price.
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Old 2nd September 2016, 15:26   #113
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Default Re: How do dealers dispose off a Demo car?

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The car is genuine and there is no evident wear and tear. I think I will try and bargain hard here to get the best possible price.
Precisely what I am saying. A Fortuner costing 34L OTR will not go for 18-19L as suggested by few members. I feel it is a good deal if you are keen to buy a Fortuner. My suggestion is to go ahead with the vehicle. And anyhow this is one of the most rugged SUVs in our market.
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Old 2nd September 2016, 15:33   #114
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Default Re: How do dealers dispose off a Demo car?

Quote:
Originally Posted by drmohitg View Post
Precisely what I am saying. A Fortuner costing 34L OTR will not go for 18-19L as suggested by few members. I feel it is a good deal if you are keen to buy a Fortuner. My suggestion is to go ahead with the vehicle. And anyhow this is one of the most rugged SUVs in our market.
Thanks buddy. I guess its time to pull up the "PDI & checklist" article
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Old 1st October 2016, 10:05   #115
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Default Demo and Display cars

Volvo kolkata has given the following ad in today's newspaper. Some of them may not be a bad deal.
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How do dealers dispose off a Demo car?-1475296497329.jpg  

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