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Old 14th June 2009, 22:19   #16
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just curious. is it possible to switch to yellow plates and run it as a taxi
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Old 14th June 2009, 22:33   #17
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Quote:
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just curious. is it possible to switch to yellow plates and run it as a taxi
Yes it can be done. Lot of the Taxi's are ex-private cars.
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Old 14th June 2009, 22:39   #18
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The depreciation for normal cars is like this:
about 25 % during the first 12 months to 24 months
another 20 % after 24 months
another 15 % after 36 months
Its plus or minus a few thousand here and there depending on the individual case. The Vista has no special bad traits to depreciate faster than these figures.The Fiat Palio was a car that depreciated much faster. There are some similar brands which depreciate much faster.
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Old 14th June 2009, 23:00   #19
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In fact the first year is when the depreciation bites the most. And considering that you may return after 6 months I do not think you should try to sell it just now. May be you can drive it down to your parents' place or somewhere and keep it with them. Selling a diesel car in India and particularly in south is never a problem. So the day you let it be known to the world that a well maintained almost new car is available on sale many will come forward. Just hold it for now.
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Old 15th June 2009, 00:04   #20
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You should get around 3.2 lakhs (Max)

The reasons for the loss :

1) Indica has poor resale in any case.

2) Yours is a 2008 model.
This makes a hell lot of difference.Your car wont be taken as a 6
month old.It would called as a last year product/year old.

3) The maximum depriciation or basically the knock off from the buy price
is the maximum in the 1st year.
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Old 15th June 2009, 00:19   #21
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Any car takes the biggest depreciation hit in its first year. But saying one wont get more than 2 lacs for a six month old Diesel Vista is being stupid. Even Chevrolets don't suffer that kind of depreciation.
Sorry I meant 3 lacs (instead of 2 lacs) to 3.5 lacs. Misprint- but there was no reason whatsoever to classify my error as stupid!
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Old 15th June 2009, 09:03   #22
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One of my friend managed to sell his 5 year old diesel Indica for 1.75 lakhs. Car had done 70000 kms. He may have bought it for about 4 lakhs?
So diesel Indicas hold their value.
You may loose 20-25% on depreciation.
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Old 15th June 2009, 10:21   #23
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I am ready to take it on rent for next 6 months (or more) for personal use.
monthly usage will be <1000 KM
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Old 15th June 2009, 12:06   #24
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Quote:
Originally Posted by Latheesh View Post
I am ready to take it on rent for next 6 months (or more) for personal use.
monthly usage will be <1000 KM
Incase you truly want it for rent ,
Please define Terms and Conditions based on mutual consent.
Such deals may go horribly wrong.
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Old 15th June 2009, 12:38   #25
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if u get a good deal say 4L for it now, sell it.

else there is no much diff between 6 months and 1 year old car. So sell it after 6 months. You will get around 3.60. If u get 3.80 now, getting 20K less after 6 months is OK as it covers the risk of u coming back permanently after 6 months.

also, +1 to what aby has writtten!
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Old 16th June 2009, 02:27   #26
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I sold my 2002 indica dls in nov07 for 1.5lakhs with around 140,000kms on odo but that was in chandigarh.
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Old 16th June 2009, 02:50   #27
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Better give it to a trusted family relative for light use. Whenever you come back, you can drive that car. The difference of buying a new car compared to overhauling a 2 year old rarely used car will work out in your favour.
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Old 22nd June 2009, 19:53   #28
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Any updates ?
If you are thinking of leasing it , Then I am interested.
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Old 23rd June 2009, 15:18   #29
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I've been in this situation before. SELL IT with your eyes closed. Invest the money and watch it grow till you're ready to make your next purchase. It's the smart thing to do but not the easiest given the sentimental attachment to the car.
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