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


Reply
 
Thread Tools Search this Thread
Old 18th September 2009, 22:36   #1
BHPian
 
Join Date: Jun 2009
Location: Lucknow
Posts: 171
Thanked: 13 Times
Default Second hand Nano available in the market already

Just saw a news item on CNBC Awaaz about second hand Nano being available in the market.No. it has got nothing to do with the fire incident in a parked Nano which was in the news recently.
News report says these Nano are available at a premium of about 25 to 30k through used car dealers but these are actually not used cars but new ones.News report says these Nano had been booked in some small towns through proxy bookings to make some quick bucks to cash in on the demand at a later stage.
Here is the link of the news item
AWAAZKAROBAR
rishab.k is online now   Reply With Quote
Old 19th September 2009, 14:44   #2
BHPian
 
Takumi-san's Avatar
 
Join Date: Apr 2009
Location: Melbourne
Posts: 364
Thanked: 3 Times
Default

That sucks. I hope no one buys them. Thats the best thing to happen to black marketeers. I recall when we were in college and on a strict budget. We hostel guys decided to catch a movie at the last minute. Unfortunately some black marketeer purchased a whole stock of them and began selling them at 1.5x the price.Much as we would love to buy those , we couldnt afford them. However we were unsure where to go next and were hanging around till show time. Turns out that the guy over estimated the demand and couldnt sell all the tickets. He ended up giving them at half the price since he still had to pay off cops etc. Was a lovely day. Sorry to go OT , but I hope something similar happens here.
Takumi-san is offline   Reply With Quote
Old 19th September 2009, 15:14   #3
BHPian
 
oops's Avatar
 
Join Date: Sep 2009
Location: The Holy City-Asr
Posts: 102
Thanked: 36 Times
Default

When Zen was first launched, dealers used to Black market it also. And they also had buyers. IMO Nano in Black will also sell.
oops is offline   Reply With Quote
Old 19th September 2009, 15:48   #4
Senior - BHPian
 
beejay's Avatar
 
Join Date: Apr 2009
Location: The Nilgiris
Posts: 1,916
Thanked: 109 Times
Default

OT. The dezire sells for a premium of 25 to 30K in Tamilnadu. The dealers themselves sometimes hype the demand.

So this is a new Nano and not second hand. Anyways, if it were available on the actual second hand market it would interesting to know the price.
beejay is offline   Reply With Quote
Old 19th September 2009, 16:16   #5
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 47,766
Thanked: 89,480 Times
Default

Long time since I am hearing of a premium ("on" as is the popular term amongst dealers) for a new car. Heard of some Nanos in Mumbai exchanging hands for 50,000 rupees over & above the original cost. Reminds one of the early M800 days, when the premium was worth 50 - 100% of the cars price!

Way back in '96, I remember the "on" for a Zen being as high as 30,000 & the Opel Astra 20,000 (early days).
GTO is offline   Reply With Quote
Old 19th September 2009, 16:23   #6
BHPian
 
MutantX's Avatar
 
Join Date: Sep 2009
Location: Madras
Posts: 868
Thanked: 87 Times
Default

Actually Nanos are also available through Carwale in the used car section. They just have a few hundred Kms on the ODO.

I hope TATAs adopt a good sales strategy to stop this black marketting. Guys, seriously do you still think NANO would be a hit?
MutantX is offline   Reply With Quote
Old 19th September 2009, 16:24   #7
BHPian
 
Join Date: Aug 2009
Location: Mumbai
Posts: 344
Thanked: 268 Times
Default

I paid 'on' to buy my 118 NE and the Esteem. That was the end of 'on'.
137 D was managed by a good friends uncle was was on the board of directors and managed to 'out of turn' allot the car.
Reminiscing the good ole ( or Bad ole ) days.

Last edited by riteshritesh : 19th September 2009 at 16:30.
riteshritesh is online now   Reply With Quote
Old 19th September 2009, 16:29   #8
BANNED
 
Join Date: Feb 2009
Location: Ahmedabad
Posts: 1,457
Thanked: 10 Times
Default

i have seen a add on Gujarat Samachar news paper for Nano red base model on sale, on calling number was unreachable so nothing further, but yes have seen adds for Nano.
vijaythacker is offline   Reply With Quote
Old 19th September 2009, 17:12   #9
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,163
Thanked: 3,759 Times
Default

I have a feeling that quite a few bookings were just for the Premium, so am not the least surprised. Let the premium vanish and so will quite a few bookings!
sgiitk is offline   Reply With Quote
Old 19th September 2009, 22:14   #10
BHPian
 
schitre05's Avatar
 
Join Date: Apr 2009
Location: Mumbai
Posts: 431
Thanked: 81 Times
Default

Last month I visited a multi car dealer here in Mulund, He offered me a Nano of my choice of colour at a premium of 40k when I did not show any interest he promptly came down to 30K. If someone really wanted to buy it I m sure he would have come down further on his offer.
schitre05 is online now   Reply With Quote
Old 19th September 2009, 22:24   #11
Senior - BHPian
 
McLaren Rulez's Avatar
 
Join Date: Dec 2007
Location: Mysore
Posts: 2,375
Thanked: 474 Times
Default

Sort of defeats the point of cheap motoring doesn't it, if prices are indeed 50k higher?
McLaren Rulez is online now   Reply With Quote
Old 19th September 2009, 22:35   #12
BHPian
 
k2max6's Avatar
 
Join Date: Apr 2007
Location: New Delhi
Posts: 482
Thanked: 129 Times
Default

In NCR we have a waiting of around 3-5 months on Swift VDi and around 8-9 months for Dzire VDi. Some people do pay a premium around 15-20k for getting the car instantly.
But its not some sort of hype ; its the real situation here.
Demand is much much more than supply.
If someone can pay the extra bucks he can get it and its not entirely wrong IMHO.
k2max6 is offline   Reply With Quote
Old 19th September 2009, 23:29   #13
Distinguished - BHPian
 
anjan_c2007's Avatar
 
Join Date: Jul 2008
Location: India
Posts: 5,531
Thanked: 4,705 Times
Default

Speculators all who have booked the tiny car for raking up some moolah! The tiny car may later on, that too not in the very distant future attract discounts. Offers with free insurance or road tax on this car may not be pipe dreams, sometime in late 2010!
anjan_c2007 is online now   Reply With Quote
Old 19th September 2009, 23:48   #14
Senior - BHPian
 
sumeethaldankar's Avatar
 
Join Date: May 2007
Location: Mumbai
Posts: 2,677
Thanked: 1,025 Times
Default

Hi all,
Popular cars at Andheri (mumbai) next to Sai Service has one for display.Dunno if it is a used one though.
sumeethaldankar is offline   Reply With Quote
Old 21st September 2009, 11:54   #15
Senior - BHPian
 
sushrutha's Avatar
 
Join Date: Mar 2006
Location: Chikmagalur/Ban
Posts: 1,702
Thanked: 324 Times
Default

Quote:
Originally Posted by GTO View Post
Way back in '96, I remember the "on" for a Zen being as high as 30,000 (early days).
Exactly. My uncle paid 50K premium in 96 for new Lemon Yellow Zen
sushrutha 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
Flourishing Second hand car market BWN The Indian Car Scene 7 16th August 2011 09:52
Wise decision-First hand car or second hand car Surprise Hatchbacks 51 4th October 2009 20:04
Tata Motors might enter the second hand car market in India askicode The Indian Car Scene 15 17th April 2007 18:37


All times are GMT +5.5. The time now is 11:48.

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