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Quote:
Originally Posted by Raja
(Post 475424)
Are there any guide books to used car values?
In the UK, there are many public guides like Parkers, What Car etc... and the trade use 'Glass' guide. Most magazines also publish expected resale value after 3yrs. I don't see any of the Indian magazines publishing figures. Where can I get more info?
Thanks
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Raja
The official resale channel of the auto companies is a benchmark to guide you (for example Maruti's TrueValue) on prices. But if you are buying a similar car through a private deal you can expect at least a 50k saving. If you can, take the seller to TrueValue and get a quote from them for the car. Find out from a few other TrueValue dealers how much a similar car would cost to buy. You will find there is a huge gap between their buying price and selling price. I did this while selling my Zen. The gap in question was Rs 1 lakh. If I bought a similar car from TrueValue they would charge me Rs 2.5 lakh. If I sold it they were offering me Rs 1.5 lakh. When my prospective buyer saw this (an NRI) he offered me Rs 2 lakh. The deal was struck. We both gained Rs 50k.
One rule of thumb for buying second hand cars - December is the best time to buy a 2nd hand car from TrueValue etc. Because they are desperate to sell off their cars before the end of the year. A few more days and their stock would be one year older. Hope you get my point.
Regards
Sudipto
While deciding the re-sale value of car which date is considered ?
Dae of Manufacturing or Date of registration ?
If i booked a car in last week of december and registered it on firest week of january then car is of which year 2007 or 2008 ?
From What I remember its the date of Registration
Very nice article :-) enjoyed reading. Also worried about my palio 1.6sports :-s
Anyway I am not in any mood to get depart for atleast another 3-4 years
Quote:
Originally Posted by sandeep joshi
(Post 610098)
While deciding the re-sale value of car which date is considered ?
Dae of Manufacturing or Date of registration ?
If i booked a car in last week of december and registered it on firest week of january then car is of which year 2007 or 2008 ?
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My Swift deleivered on 2nd Jan 2006 has 2005 model stated in RC book
What was the date of Registration for this car Ajmat ?
Quote:
Originally Posted by Technocrat
(Post 610249)
What was the date of Registration for this car Ajmat ?
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2nd Jan 2006, delivered straight after registration
date of manufacturing is what matters for resale value of any vehicle.this is mentioned both in the invoice of the car and also the rc book.
Quote:
Originally Posted by ajmat My Swift deleivered on 2nd Jan 2006 has 2005 model stated in RC book
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Ouch!
U bought a 'made in 2005' car in 2006.Will hit resale value a bit.
Quote:
Originally Posted by dr.ashoka
(Post 610255)
date of manufacturing is what matters for resale value of any vehicle.this is mentioned both in the invoice of the car and also the rc book.
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FYI,
Date of Registration is what that matters !
actually the month and year of vehicle printed on the RC is the thing that makes the difference in the resale, i experienced this when i sold my pulsar 180 dtsi, and bought the unicorn!
@Ajmat: thanks for the update, I stand corrected :)
Quote:
Originally Posted by Technocrat
(Post 611048)
@Ajmat: thanks for the update, I stand corrected :)
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Beleive me, if I had known that, I would have waited for a month. Wanted the car delivered on our wedding anniversary
Quote:
Originally Posted by dr.ashoka
(Post 610255)
date of manufacturing is what matters for resale value of any vehicle.this is mentioned both in the invoice of the car and also the rc book.
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They are different dates Dr. The date of registration is the point from which the life starts. Date of manufacture will be on the chassis & the RC book too. The RC book bears the registration date, which is typed explicitly by the authorities as against the default printed date of manufacture. But what's on the number plate??? Ofcourse the registration date....! Bottom Line: Date of Registration.
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