ARTICLE: Resale Value - The Silent Killer - Page 3 - Team-BHP

esteem_lover · 21st June 2007, 22:12

Quote:

Originally Posted by Raja

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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Sudipto-S-Team · 21st June 2007, 22:29

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

sandeep joshi · 29th October 2007, 16:22

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 ?

Technocrat · 29th October 2007, 16:40

From What I remember its the date of Registration

mchanna · 29th October 2007, 16:47

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

ajmat · 29th October 2007, 17:49

Quote:

Originally Posted by sandeep joshi

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 ?

My Swift deleivered on 2nd Jan 2006 has 2005 model stated in RC book

Technocrat · 29th October 2007, 18:08

What was the date of Registration for this car Ajmat ?

ajmat · 29th October 2007, 18:11

Quote:

Originally Posted by Technocrat

What was the date of Registration for this car Ajmat ?

2nd Jan 2006, delivered straight after registration

dr.ashoka · 29th October 2007, 18:14

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.

nitrous · 29th October 2007, 20:20

Quote:

Originally Posted by ajmat

My Swift deleivered on 2nd Jan 2006 has 2005 model stated in RC book

Ouch!
U bought a 'made in 2005' car in 2006.Will hit resale value a bit.

mithun · 30th October 2007, 09:50

Quote:

Originally Posted by dr.ashoka

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.

FYI, Date of Registration is what that matters !

rider60 · 30th October 2007, 12:17

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!

Technocrat · 30th October 2007, 12:44

@Ajmat: thanks for the update, I stand corrected

ajmat · 30th October 2007, 13:53

Quote:

Originally Posted by Technocrat

@Ajmat: thanks for the update, I stand corrected

Beleive me, if I had known that, I would have waited for a month. Wanted the car delivered on our wedding anniversary

Outlaw · 30th October 2007, 14:16

Quote:

Originally Posted by dr.ashoka

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.

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.

29th October 2007, 16:40	#34 (permalink)
Technocrat Team-BHP Moderator Join Date: Feb 2004 Location: Pune Posts: 2,746 View My Garage	From What I remember its the date of Registration __________________ Everyone crashes. Some get back on. Some don't. Some can't Accidents hurt - safety doesn't.

29th October 2007, 18:08	#37 (permalink)
Technocrat Team-BHP Moderator Join Date: Feb 2004 Location: Pune Posts: 2,746 View My Garage	What was the date of Registration for this car Ajmat ? __________________ Everyone crashes. Some get back on. Some don't. Some can't Accidents hurt - safety doesn't.

30th October 2007, 12:44	#43 (permalink)
Technocrat Team-BHP Moderator Join Date: Feb 2004 Location: Pune Posts: 2,746 View My Garage	@Ajmat: thanks for the update, I stand corrected __________________ Everyone crashes. Some get back on. Some don't. Some can't Accidents hurt - safety doesn't.

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21st June 2007, 22:29	#32 (permalink)
Sudipto-S-Team BHPian Join Date: Jun 2007 Location: Kolkata Posts: 100	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

29th October 2007, 16:22	#33 (permalink)
sandeep joshi Newbie Join Date: Mar 2007 Location: pune Posts: 13	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 ?

29th October 2007, 16:47	#35 (permalink)
mchanna Newbie Join Date: Dec 2006 Location: pune Posts: 8	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

29th October 2007, 18:14	#39 (permalink)
dr.ashoka Newbie Join Date: Jul 2007 Location: chennai Posts: 2	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.

30th October 2007, 12:17	#42 (permalink)
rider60 BHPian Join Date: Mar 2007 Location: hyderabad Posts: 827 View My Garage	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!