ARTICLE: Resale Value - The Silent Killer - Page 5 - Team-BHP

hitinv · 17th January 2008, 19:25

To share my experience on second hand cars...i own a 2005 Optra 1.6 (my 3rd car) which i had bought for 7lacs and spend some 40k on accesories(System+Wheels) intially..I generally keep my car for an avg of 3 years..While people say GM cars do not have resale i have struck a deal for 4.4 lacs after driving it for 2.10 years and surprisingly Citibank who is financing the second sale has valuated the cars at 5.3L and financed 4.1L for the car..after 3 years if i can sell my car for 60% i dont think this is a bad deal..Dont know if a Honda or Toyota would sell for any diff amount(with no offence to Japanese Car lovers). I hope this changes the mindset of people for GM cars as well.

mithun · 26th February 2008, 15:30

Is the resale value of Swift LDi poor when compared to VDi ?

I'm seeing lots of LDis on road nowadays !

nikunj_cal · 26th February 2008, 16:53

Quote:

Originally Posted by mithun

Is the resale value of Swift LDi poor when compared to VDi ?

I'm seeing lots of LDis on road nowadays !

Hey I too have a Ldi , Even though i dont plan to sell it ( first car from own money) but still interested in the resale value !!

Eddy · 26th February 2008, 16:59

Quote:

Originally Posted by mithun

Is the resale value of Swift LDi poor when compared to VDi ?

I'm seeing lots of LDis on road nowadays !

Number of cars on the road is directly proportional to the resale value. If there are a lot of LDIs, then the resale will be higher.

nirmalts · 16th August 2008, 22:40

Hello all,

I am trying to sell my car which has accessories like alloys, wider tyres, a good ICE etc. But no one seems to value this in resale market, and the car is valued similar to a car without any of these. Is this always the case? How can you convince someone to pay for these when you sell your car?

Nirmal

anupmathur · 16th August 2008, 23:20

Quote:

Originally Posted by nirmalts

How can you convince someone to pay for these when you sell your car?

Except with extreme luck, you will not find anyone willing to pay for those 'value additions'.
Either find a buyer in your own circle of friends or remove the accessories before selling the car!

anjan_c2007 · 17th August 2008, 00:16

Quote:

Originally Posted by anupmathur

Except with extreme luck, you will not find anyone willing to pay for those 'value additions'.
Either find a buyer in your own circle of friends or remove the accessories before selling the car!

These may be valuable to us but when the car is sold its back to ground zero. Accessories are frowned upon by some categories of buyers who do not understand anything about these and talk about street parking out in the sun and rain where these accessories may get filched.one may be lucky if the accessories are paid for even to some extent by the new buyer.

nirmalts · 17th August 2008, 10:07

Trying to sell my car for the last 1 month, I realised that there are three categories of buyers

1. The ones who doesn't understand accessories and simply wants a car to move from A to B
2. The ones who understands accessories, but knows that they have no resale, and hence try to make a quick deal to grab them by not paying for them
3. The ones who understands accessories and pays for them.

The third one above seems fictitious and never turned up until now

Nirmal

rranjith_kum · 17th August 2008, 13:02

Quote:

Originally Posted by nirmalts

Hello all,

I am trying to sell my car which has accessories like alloys, wider tyres, a good ICE etc. But no one seems to value this in resale market, and the car is valued similar to a car without any of these. Is this always the case? How can you convince someone to pay for these when you sell your car?

Nirmal

when you sell it you can always convince them !! Maruti True value and such eg actually put a special mention and quote things you will get some value for that. It shouldn't be problem.

shankar.balan · 19th August 2008, 10:40

try and sell to friends
or use our TBHP classified section- atleast here you will be reasonably sure of getting a decent, genuine as well as knowledgeable buyer who will appreciate what you've done for your car.
but dont expect stacks of value add for the accessories because largely (in my experience atleast) accessories are a very personal set of choices.

evo · 19th August 2008, 19:33

The funniest was when I tried to sell my Zen Carbon, people asked questions like "Two Door? Baaki do darwaze ko kya hua?"

I finally didnt sell, and it still gives me happy times!

Sampai · 11th April 2009, 13:28

Quote:

Originally Posted by evo

The funniest was when I tried to sell my Zen Carbon, people asked questions like "Two Door? Baaki do darwaze ko kya hua?"

I finally didnt sell, and it still gives me happy times!

I saw the Carbon in Park street a few days back.. Good one .

pedrolourenco · 9th May 2009, 16:01

Quote:

Originally Posted by nirmalts

Hello all,

I am trying to sell my car which has accessories like alloys, wider tyres, a good ICE etc. But no one seems to value this in resale market, and the car is valued similar to a car without any of these. Is this always the case? How can you convince someone to pay for these when you sell your car?

Nirmal

Just remove all the accessories and after finalising the price ask the guy if he's interested.

guptad42 · 9th May 2009, 20:31

Quote:

Originally Posted by ajmat

Honda never discounts, restricts supply to actual orders and limits stock carefully. This reflects in strong resale values.

Mostly true, but they did discount City ZX Exi down to 7.25L onroad in Mumbai to clear stocks- that too the 10th anniversary loaded edition with Gxi features like alloy wheels and factory music system. The new Jazz hatchback will probably be as much or even more! Saw immediate impact in the used car market for City ZX models.

guptad42 · 9th May 2009, 20:34

Quote:

Originally Posted by ajmat

So why do we buy new? - Status, virginal bliss, the smell of a new car, tax reasons…and in some cases - the secondhand car is either overpriced, unavailable or has dodgy credentials.

There's one more factor: WAF or Wife Acceptance Factor! Though it can usually be traced back to status.

26th February 2008, 15:30	#62 (permalink)
mithun Senior - BHPian Join Date: Jan 2006 Location: Cochin/B'lore(Land of Speed-breakers) Posts: 1,564 View My Garage	Is the resale value of Swift LDi poor when compared to VDi ? I'm seeing lots of LDis on road nowadays ! __________________ Hold fast to dreams, for if dreams dry, life is a broken-winged bird that cannot fly.

16th August 2008, 22:40	#65 (permalink)
nirmalts BHPian Join Date: May 2007 Location: Pforzheim. Germany Posts: 210 View My Garage	Does accessories carry no resale value? Hello all, I am trying to sell my car which has accessories like alloys, wider tyres, a good ICE etc. But no one seems to value this in resale market, and the car is valued similar to a car without any of these. Is this always the case? How can you convince someone to pay for these when you sell your car? Nirmal

17th August 2008, 10:07	#68 (permalink)
nirmalts BHPian Join Date: May 2007 Location: Pforzheim. Germany Posts: 210 View My Garage	3 categories of buyers Trying to sell my car for the last 1 month, I realised that there are three categories of buyers 1. The ones who doesn't understand accessories and simply wants a car to move from A to B 2. The ones who understands accessories, but knows that they have no resale, and hence try to make a quick deal to grab them by not paying for them 3. The ones who understands accessories and pays for them. The third one above seems fictitious and never turned up until now Nirmal

19th August 2008, 10:40	#70 (permalink)
shankar.balan Senior - BHPian Join Date: Apr 2008 Location: Bangalore Posts: 1,558 View My Garage	try and sell to friends or use our TBHP classified section- atleast here you will be reasonably sure of getting a decent, genuine as well as knowledgeable buyer who will appreciate what you've done for your car. but dont expect stacks of value add for the accessories because largely (in my experience atleast) accessories are a very personal set of choices. __________________ god helps those who help themselves...

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17th January 2008, 19:25	#61 (permalink)
hitinv BHPian Join Date: Oct 2007 Location: Bangalore Posts: 32	To share my experience on second hand cars...i own a 2005 Optra 1.6 (my 3rd car) which i had bought for 7lacs and spend some 40k on accesories(System+Wheels) intially..I generally keep my car for an avg of 3 years..While people say GM cars do not have resale i have struck a deal for 4.4 lacs after driving it for 2.10 years and surprisingly Citibank who is financing the second sale has valuated the cars at 5.3L and financed 4.1L for the car..after 3 years if i can sell my car for 60% i dont think this is a bad deal..Dont know if a Honda or Toyota would sell for any diff amount(with no offence to Japanese Car lovers). I hope this changes the mindset of people for GM cars as well.

19th August 2008, 19:33	#71 (permalink)
evo BHPian Join Date: May 2004 Location: Kolkata/Shillong Posts: 474 View My Garage	The funniest was when I tried to sell my Zen Carbon, people asked questions like "Two Door? Baaki do darwaze ko kya hua?" I finally didnt sell, and it still gives me happy times!