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


Reply
 
Thread Tools Search this Thread
Old 25th March 2009, 15:37   #1
BHPian
 
Archish's Avatar
 
Join Date: Mar 2009
Location: Chennai
Posts: 311
Thanked: 87 Times
Default After the NANO hype dies

MODS: if u feel this thread does not belong here. Pls move it to wherever it is right.

I was wondering. After 2 yrs, when all the NANO hype dies down, it becomes a common feature in our lifes, everyone owns one, each street has 10 nano's, a nano is a gift for your 18th birthday, What'll be the second hand value of this car?

Maybe, in 2 or 2 1/2 yrs we would be able to get a used nano for 50k.

Pls take a guess. Or if someone has a scientific way calculating pls do.
Archish is offline   Reply With Quote
Old 25th March 2009, 18:37   #2
Senior - BHPian
 
ST7677's Avatar
 
Join Date: Feb 2005
Location: Bangalore
Posts: 1,045
Thanked: 45 Times
Default

An average car usually depreciates by only 20-30% in 2 years.
So what makes you think Nano will drop by 50%, I presume the car is decent enough, and there will still be strong demand for it - be it new or second hand.
ST7677 is offline   Reply With Quote
Old 25th March 2009, 19:01   #3
Senior - BHPian
 
mjothi's Avatar
 
Join Date: Dec 2007
Location: Bangalore
Posts: 3,252
Thanked: 216 Times
Default

Me thinks that the demand would be still there. Reason, it should take around 1 or even more years to deliver the car to all guys booking. If thats true, then it may even have 90% cost after 2 yrs. Lets see...
mjothi is offline   Reply With Quote
Old 25th March 2009, 19:22   #4
Senior - BHPian
 
narayan's Avatar
 
Join Date: Aug 2006
Location: Singapore
Posts: 2,768
Thanked: 1,162 Times
Default

Quote:
Originally Posted by mjothi View Post
Me thinks that the demand would be still there. Reason, it should take around 1 or even more years to deliver the car to all guys booking. If thats true, then it may even have 90% cost after 2 yrs. Lets see...

correct and also the next lot of Nanos ( after the initial order) in all probability WILL NOT BE AT THE SAME PRICE. it will definetly be at a 10-20k premium
narayan is offline   Reply With Quote
Old 25th March 2009, 19:27   #5
BHPian
 
GS300's Avatar
 
Join Date: Apr 2005
Location: Bangalore
Posts: 66
Thanked: 19 Times
Default

after 2 or 2.5 years, Nano will not be available at today's prices, and the value of second hand Nano will be determined in comparison with the brand-new's price. Hence, I would think there will be a support at around 1L even that time.
GS300 is offline   Reply With Quote
Old 25th March 2009, 19:59   #6
BANNED
 
Join Date: Mar 2006
Location: India
Posts: 4,346
Thanked: 16 Times
Default

Nano will have a good stand in the used car market. Maximum depreciation will not be more than 10-15% in 2 years.

New cars will not be yet freely available.
A person who collects 1lac to buy this car will always appreciate a less priced used car.
25k less than the new car will be considered a big amount by the people who will be looking to buy this car.
For anything which costs less than the normal market prices, it is very rare to see it's price drop much in the used/2nd hand market.

These are some reasons I see for the Nano to be powerful in the used car market.
speedzak is offline   Reply With Quote
Old 25th March 2009, 20:10   #7
Senior - BHPian
 
1100D's Avatar
 
Join Date: Jun 2006
Location: Calcutta
Posts: 4,179
Thanked: 2,358 Times
Default

In 2 years, once the Nano V2 is out, the used car prices of the original ones will fall more than the standard depreciation amount for other cars.
1100D is offline   Reply With Quote
Old 25th March 2009, 20:14   #8
Senior - BHPian
 
greenhorn's Avatar
 
Join Date: Apr 2007
Location: TN-14
Posts: 6,837
Thanked: 1,312 Times
Default

soon tata will have made 1 lakh nanos , and then he will increase the price of the base version further , so i think resale values will hold for some more time. That is , unless they have the same scale of issues as teh indica V1's
greenhorn is offline   Reply With Quote
Old 25th March 2009, 20:47   #9
Senior - BHPian
 
harry10's Avatar
 
Join Date: Jul 2008
Location: Faridabad/Delhi
Posts: 2,226
Thanked: 578 Times
Default

I think Nano will be a good buy second hand and at good price as well because Tata will launch Nano diesel and Nano petrol with Abs/airbags in future so that will increase the price of Nano somewhere around M800.
Will still be a good buy considering much expensive Santro with more powerful engine doesnt have Abs/airbags yet.
harry10 is offline   Reply With Quote
Old 25th March 2009, 21:10   #10
Senior - BHPian
 
avishar's Avatar
 
Join Date: Oct 2008
Location: kolkata/bangalore,india
Posts: 2,411
Thanked: 686 Times
Default

I think the Nano will have a good resale value for atleast a year and half after launch,because of the fact that demand will far outstrip supply during this period.
avishar is offline   Reply With Quote
Old 25th March 2009, 21:12   #11
BHPian
 
quicksilver's Avatar
 
Join Date: Oct 2005
Location: Coimbatore
Posts: 455
Thanked: 8 Times
Default

If the prices of a used Indica or a used M800 are anything to go by, then the Nano will have a very strong resale value. Cars with a lower price tag depreciate slowly compared to the upper segments. Coupled with the demand/availability, I can hazard a guess that a used Nano will even command close to 90% of it's value after 2 years, in agreement with mjothi.
quicksilver is offline   Reply With Quote
Old 25th March 2009, 21:12   #12
Senior - BHPian
 
mjothi's Avatar
 
Join Date: Dec 2007
Location: Bangalore
Posts: 3,252
Thanked: 216 Times
Default

Just curious. The initial maruti 800 (released around 1984 for 50K??), if sold now how much it would yield? Certainly 10 - 20% less than purchase price, right?

So there is a lower limit beyond which its toooo difficult for any vehicle to depriciate.
Just my opinion.
mjothi is offline   Reply With Quote
Old 25th March 2009, 21:24   #13
BHPian
 
Join Date: Apr 2008
Location: Bangalore
Posts: 29
Thanked: 0 Times
Default

there is a possibility that a used nano will be more expensive than the new one until the hype dies down (or tata manufactures more than 50k per annum)
guns666 is offline   Reply With Quote
Old 25th March 2009, 21:28   #14
Senior - BHPian
 
sammyboy's Avatar
 
Join Date: Jul 2006
Location: Gurgaon/Doon
Posts: 1,738
Thanked: 338 Times
Default

Quote:
Originally Posted by mjothi View Post
Just curious. The initial maruti 800 (released around 1984 for 50K??), if sold now how much it would yield? Certainly 10 - 20% less than purchase price, right?

So there is a lower limit beyond which its toooo difficult for any vehicle to depriciate.
Just my opinion.
My uncle sold his old model 800 a couple of months back for 25K. He had an offer for 30k but one of his friends wanted it for his dad so he gave it to him for 25. And oh, he bought it 2nd hand from another relative who was leaving the country, in 85 (I think) for 40K.

Last edited by sammyboy : 25th March 2009 at 21:29.
sammyboy is offline   Reply With Quote
Old 25th March 2009, 22:02   #15
BHPian
 
Gagan.js's Avatar
 
Join Date: Mar 2009
Location: Mumbai
Posts: 227
Thanked: Once
Default

It will take more than 2 years for everyone to get their hands on it, since they have issues with delivery.

Plus by then maruti would have decreased alto to fit in 1.5L range so some will opt for the tried and tested alto than the Tata brand with its small little problems as seen in Indica.
Gagan.js is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
A Nano trip on a Nano budget...in a Tata Nano novice_alto Travelogues 11 28th September 2014 15:19
Honda Unicorn Engine Dies after 30 KM sinner Motorbikes 9 19th May 2009 13:39
Toddler dies after getting stuck in power windows amit Shifting gears 12 23rd February 2007 14:09
Does Maruti Swift really deserve this much HYPE ? mangywarez The Indian Car Scene 197 4th September 2006 13:12


All times are GMT +5.5. The time now is 00:37.

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