Go Back   Team-BHP > Team-BHP > Team-BHP Advice > On owning a car


Reply
 
Thread Tools Search this Thread
Old 20th October 2010, 10:55   #331
Distinguished - BHPian
 
shankar.balan's Avatar
 
Join Date: Apr 2008
Location: BLR
Posts: 7,593
Thanked: 4,509 Times
Infractions: 0/1 (5)
Default

My dad's Indica DLG Turbo V2 was bought in 2006 April. It is almost 5 years old now.
Driven only by him and occasionally by me, the car is touch wood in perfect condition.
Done only about 32000 Kms so far. Mechanically sound, Body is clean, Paint work is pucca, interiors are cleanly maintained and its engine, after last week's servicing, is purr-fect! No body rattles and other irritants either, so far.
a couple of days ago we changed all the OEM tyres and substituted the OEM steel wheels with nice alloys.
I think this car, if maintained the way it is and taken care of as much as possible, is good for another few years yet. Minimum 7 years I thnk from date of purchase- which means April 2013.
lets see!!
shankar.balan is offline   Reply With Quote
Old 20th October 2010, 13:48   #332
Senior - BHPian
 
AutoIndian's Avatar
 
Join Date: Aug 2010
Location: PCMC, Pune-MH14
Posts: 2,868
Thanked: 3,347 Times
Default

Hi Shankar,
Absolutely agree with you (101%). Indica is such a good car for Indian road conditions & for the amount that we pay for purchasing it. No other car could have taken the abuse that it is subjected to by fleet owners. Actually I thought of updating my previous message with my car details, but somehow restricted it. Anyways since you have shared your car details I too thought of chipping in with mine.
Purchased my car in July 2004, when I was working in Mumbai & had to do weekend trips to Pune as my parents were in Pune. I am the lone driver of my car & it was in hibernation on 4 occasions when I had to go overseas for project work.
3 months in 2004
4 months in 2006
11 months in 2008
2 months in 2009
Even after staying off the road for the above duration car never troubled me. Started at the first crank each time. Except for the alternator overhaul in 2006 & the priming pump assly replacement (due to mechanics fault) I had no other out of pocket expenses. The only extra expenses incurred were that of denting & painting on 4 occasions (for none of my fault). But the painting working done is so good that today even after 6 years & 3 months of ownership, when people ask me if my car is one year old, I reply back in negation with a wide grin on my face.
I am in a position to buy a bigger & better car, however after going through this thread I changed my mind. I now intend to keep this car for 150K kms or 10 years whichever is earlier (or till the time the car does not give me much trouble). Ans yes I too replaced the OEM Bridgestone S322s at 62K kms with Michelins XM1+ on multi-spoke alloys (all 5).
AutoIndian is offline   Reply With Quote
Old 20th October 2010, 15:01   #333
Distinguished - BHPian
 
shankar.balan's Avatar
 
Join Date: Apr 2008
Location: BLR
Posts: 7,593
Thanked: 4,509 Times
Infractions: 0/1 (5)
Default

It is an excellent VFM vehicle. No doubt about it.

Only thing, being tall I think Im going to have the front seat modified for better under-thigh support!
here are a couple of pics of my dad's car taken yesterday.


Quote:
Originally Posted by AutoIndian View Post
Hi Shankar,
Absolutely agree with you (101%). Indica is such a good car for Indian road conditions & for the amount that we pay for purchasing it. But the painting working done is so good that today even after 6 years & 3 months of ownership, when people ask me if my car is one year old, I reply back in negation with a wide grin on my face.
I am in a position to buy a bigger & better car, however after going through this thread I changed my mind. I now intend to keep this car for 150K kms or 10 years whichever is earlier (or till the time the car does not give me much trouble). Ans yes I too replaced the OEM Bridgestone S322s at 62K kms with Michelins XM1+ on multi-spoke alloys (all 5).
Attached Thumbnails
ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?-19102010607.jpg  

ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?-19102010608.jpg  

ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?-19102010612.jpg  

shankar.balan is offline   Reply With Quote
Old 20th October 2010, 17:45   #334
Senior - BHPian
 
AutoIndian's Avatar
 
Join Date: Aug 2010
Location: PCMC, Pune-MH14
Posts: 2,868
Thanked: 3,347 Times
Default

Nice pics. What make are the alloys & tyres?
AutoIndian is offline   Reply With Quote
Old 21st October 2010, 06:11   #335
Distinguished - BHPian
 
shankar.balan's Avatar
 
Join Date: Apr 2008
Location: BLR
Posts: 7,593
Thanked: 4,509 Times
Infractions: 0/1 (5)
Default

alloys - veloce
tyres - apollo accelere - 185 60 R14

Quote:
Originally Posted by AutoIndian View Post
Nice pics. What make are the alloys & tyres?
Attached Thumbnails
ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?-19102010610.jpg  

ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?-19102010611.jpg  

shankar.balan is offline   Reply With Quote
Old 27th October 2010, 16:26   #336
Senior - BHPian
 
sammyboy's Avatar
 
Join Date: Jul 2006
Location: Gurgaon/Doon
Posts: 1,700
Thanked: 282 Times
Default

Quote:
Originally Posted by GTO View Post
Sammyboy, what I'd recommend to you is Lateral Upgrading (ARTICLE: The Beauty of Lateral Upgrades (Getting MORE CAR for LESS $$$)). The Fiesta 1.6 also suffers from poor resale value, thanks to Ford's frequent price cuts. Thus, whatever you stand to lose by selling your Ikon 2- 3 years too early, is more than made up by the depreciation gains on a Fiesta 1.6.

Go for it
Thanks GTO. I have a mid 2009 Altis J in sight, done under 5k kms and belongs to a very close relative. He is planning to sell it and I dont want to let go of such a pristine vehicle.

If someone could suggest what kind of price should be a fair deal, I will get my pre worshipped Corolla
What say?
sammyboy is online now   Reply With Quote
Old 24th November 2010, 21:39   #337
BHPian
 
Join Date: Oct 2010
Location: Chennai
Posts: 97
Thanked: 20 Times
Default

Am wondering who will buy out those 10+ yrs cars / 2L kms cars if everyone wants to sell it out? wouldn't it be sunken cost!!
KumaravelS is offline   Reply With Quote
Old 25th November 2010, 16:42   #338
BHPian
 
Join Date: May 2008
Location: Bangalore
Posts: 291
Thanked: 73 Times
Default

Quote:
Originally Posted by KumaravelS View Post
Am wondering who will buy out those 10+ yrs cars / 2L kms cars if everyone wants to sell it out? wouldn't it be sunken cost!!
A car that has run 2L kms without much problem, is total paisa vasool. Any money u get for selling it off can be considered as bonus, to be used to pep up the new car that replaces the old 2L kms car.

Prajwal
prajwalkashyap is offline   Reply With Quote
Old 26th November 2010, 10:15   #339
BHPian
 
Join Date: Oct 2010
Location: Chennai
Posts: 97
Thanked: 20 Times
Default

Quote:
Originally Posted by prajwalkashyap View Post
A car that has run 2L kms without much problem, is total paisa vasool. Any money u get for selling it off can be considered as bonus, to be used to pep up the new car that replaces the old 2L kms car.

Prajwal
I understand from the seller perspective... but from buyer perspective? Is there a market for 10+ years, 2L kms+ ?
KumaravelS is offline   Reply With Quote
Old 26th November 2010, 10:29   #340
BHPian
 
Join Date: May 2008
Location: Bangalore
Posts: 291
Thanked: 73 Times
Default

Of course there is! Its a HUGE market out there! Buyers of these cars will be getting them at dirt cheap prices and will be ready to get some engine work done. These are the cars that move to tier-2 and tier-3 cities in most cases.

Prajwal
prajwalkashyap is offline   Reply With Quote
Old 26th November 2010, 14:20   #341
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 44,165
Thanked: 65,397 Times
Default

Quote:
Originally Posted by KumaravelS View Post
Am wondering who will buy out those 10+ yrs cars / 2L kms cars if everyone wants to sell it out? wouldn't it be sunken cost!!
India is such a massive, diverse market that you'll find some buyer for every kind of product. 10+ year old cars with 2.0 lakh kms would go REALLY CHEAP. Typical buyers:

- Dealers if the car's condition is good. They'll clock back the odometer for sure.

- Taxi segment. Especially in demand if its an MUV or Jap sedan

- Those looking at a dirt cheap runabout. Either direct, or agents who will eventually sell the car to smaller towns & cities.

- Cheap-repair-and-flip artists. Small garages & dealers who'll perform the required mechanical work (for cheap), refurbish it cosmetically and then sell off for a profit.

On the other hand, if you own a model thats too outdated or not in demand (say, like a 118NE today), most of the buyer inquiries will be from scrap dealers.
GTO is offline   Reply With Quote
Old 21st December 2010, 17:25   #342
Newbie
 
Warlock's Avatar
 
Join Date: Dec 2009
Location: Bangalore
Posts: 10
Thanked: 4 Times
Question Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

Just read this thread again. Appreciate the point about the upgrades being for safety, comfort (status?), and indeed environmental considerations. However, in re-reading this it occured to me that cars bought around 2006 / 2007 should indeed be good for the run to a 100K kms at least. Barring significant technological changes, the improvements (in my humble opinion) appear largely incremental. Am currently looking at the spate of new cars in the D Segment, and sighing in regret that I chose an Altis in November 2009, when I could have waited it out for the X1 in early 2011. Water under the bridge, but all considered the logic of keeping a car like the Altis until it's run around 100K kms appears compelling from a financial and logical perspective. Anyone gone through this thread and come to a different conclusion?
Warlock is offline   Reply With Quote
Old 18th January 2011, 18:21   #343
BHPian
 
ghostrider's Avatar
 
Join Date: Jul 2008
Location: Bombay
Posts: 676
Thanked: 297 Times
Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

Quote:
Originally Posted by Warlock View Post
Anyone gone through this thread and come to a different conclusion?
On the contrary, I owe GTO a debt of thanks. Being recently married (read: recently broke) and a recent home-buyer in Bombay (read: recently devoid of kidneys and other essential but pricey organs) my spending power is greatly reduced. That didn't stop me from already planning on trading up my 2-year old Swift-D in another year or so for a Vento-D.
After reading GTO's post, however, I'm pretty sure that I'd actually rather use the Swift for at least another few years, enjoy this non-EMI period of my life, and get rid of it only when I can really afford to buy what I want.


Quote:
Originally Posted by prajwalkashyap View Post
Of course there is! Its a HUGE market out there! Buyers of these cars will be getting them at dirt cheap prices and will be ready to get some engine work done. These are the cars that move to tier-2 and tier-3 cities in most cases.

Prajwal
Quote:
Originally Posted by KumaravelS View Post
I understand from the seller perspective... but from buyer perspective? Is there a market for 10+ years, 2L kms+ ?
If you follow GTO's reasoning to it's full conclusion, then it doesn't matter if you don't get a buyer after 10 or 12 years, does it? Because by that time, you'd already have saved a CHUNK of cash by keeping your car that long. So even if you drive your car to a scrapyard and plonk down 100% of the cost of a new car (or a pre-owned one) you've still saved money compared to how much it would've cost you if you'd swapped your ride when it was 5 years old.
ghostrider is offline   Reply With Quote
Old 18th January 2011, 21:17   #344
BHPian
 
Join Date: Aug 2009
Location: Gurgaon
Posts: 113
Thanked: 39 Times
Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

+1 , cant agree more. Well, I used my original type Z ohc for almost 9 yrs before bidding farewell, expenses - only 1 set of wiper blades and silencer repair due to obvious reasons ( low ground clearance) .

Quote:
Originally Posted by GTO View Post
India is such a massive, diverse market that you'll find some buyer for every kind of product. 10+ year old cars with 2.0 lakh kms would go REALLY CHEAP. Typical buyers:

- Dealers if the car's condition is good. They'll clock back the odometer for sure.

- Taxi segment. Especially in demand if its an MUV or Jap sedan

- Those looking at a dirt cheap runabout. Either direct, or agents who will eventually sell the car to smaller towns & cities.

- Cheap-repair-and-flip artists. Small garages & dealers who'll perform the required mechanical work (for cheap), refurbish it cosmetically and then sell off for a profit.

On the other hand, if you own a model thats too outdated or not in demand (say, like a 118NE today), most of the buyer inquiries will be from scrap dealers.
hondacity is offline   Reply With Quote
Old 19th January 2011, 11:01   #345
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 44,165
Thanked: 65,397 Times
Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

Quote:
Originally Posted by ghostrider View Post
After reading GTO's post, however, I'm pretty sure that I'd actually rather use the Swift for at least another few years, enjoy this non-EMI period of my life, and get rid of it only when I can really afford to buy what I want.
I'm glad you found my article useful and saved some $$$

Quote:
Originally Posted by hondacity View Post
+1 , cant agree more. Well, I used my original type Z ohc for almost 9 yrs before bidding farewell, expenses - only 1 set of wiper blades and silencer repair due to obvious reasons ( low ground clearance) .
It's very important to choose a reliable car if you intend to keep her for long. The OHC was one unbeatable machine in terms of durability. On the other hand, say if someone bought an Opel Astra, I wouldn't blame him for selling it off earlier.
GTO 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
Two Classics, One Car - 81 year old Packard and 101 year old owner karlosdeville Beyond Borders 5 29th August 2016 00:42
Keep my vista or save for new car? Planning crosscountry road trip in 1 year. nukeblitz Hatchbacks 23 6th September 2011 16:58
96 year old sells 55 year old Italian Fiat for Nano !! emkay456 Shifting gears 14 11th May 2009 14:02
To keep or not to keep...am confused lohithrao Sedans 13 9th April 2008 10:48


All times are GMT +5.5. The time now is 17:30.

Copyright 2000 - 2016, Team-BHP.com
Proudly powered by E2E Networks