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

hitinv · 17th January 2008, 18:25

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, 14:30

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, 15:53

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, 15:59

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.

26th February 2008, 14:30	#62 (permalink)
mithun Senior - BHPian Join Date: Jan 2006 Location: Cochin/Bangalore Posts: 1,071 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.

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17th January 2008, 18:25	#61 (permalink)
hitinv Newbie Join Date: Oct 2007 Location: Bangalore Posts: 8	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.