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Old 12th May 2017, 15:07   #856
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Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

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Originally Posted by asit.kulkarni93 View Post
PM me your contact details, I will put you in touch with an FNG where many pune members give their cars for servicing. He also is a close friend of ours plus passionate about cars.
A PM helps one person, a public post on the forum helps thousands . Furthermore, helping someone via PM defeats the purpose of an open community.

Please share the details on this thread itself.

Thanks for the support & understanding
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Old 14th May 2017, 00:14   #857
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Originally Posted by GTO View Post
A PM helps one person, a public post on the forum helps thousands . Furthermore, helping someone via PM defeats the purpose of an open community.



Please share the details on this thread itself.



Thanks for the support & understanding

Sure. The workshop is located near sun empire, sinhgad road- Sai Car Clinic. They are coming up with one more branch in 3-4 months. Location is undecided.

You can contact Sushant Walki on 98229 99383/ 88055 29500. I have seen him work on a lot of luxury cars too. He has previously worked with BMW and Skoda service centers & has recently purchased a few scanners.
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Old 20th May 2017, 09:40   #858
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Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

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Originally Posted by PetrolRider View Post
Also, Nissan doesn't sell parts over the counter. Few stuffs like the horn change could have easily done with FNGs, where for other stuffs, dependency with After Sales Torture is provident .
Hi,

Though Nissan India doesn't sell parts over the counter but you may look out for shops who stock OEM spares; we've one such shop in Park Circus in Kolkata who stocks original Nissan spares but he sells it at a slight premium over the mrp. Another option would be to bring back the old spares from service center and buy the same from aftermarket; I'm planning to follow this route and have brought back the old filters from the last service .

Regards,
Debrup
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Old 22nd May 2017, 10:33   #859
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Cool Civic-AT at 10 years

My Civic-AT completes 10 years today, and still feels new.

Looks like it will go on for another 10 more years
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Old 22nd May 2017, 10:45   #860
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Default Re: Civic-AT at 10 years

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Originally Posted by manim View Post
My Civic-AT completes 10 years today, and still feels new.

Looks like it will go on for another 10 more years
Civics are build to last for ages, provided you take regular care of her. Mine is also 10+ years old, and still gives me feeling that i can use her for at least 5-7 years more
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Old 22nd May 2017, 11:49   #861
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Default Re: Civic-AT at 10 years

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Originally Posted by manim View Post
My Civic-AT completes 10 years today, and still feels new.

Looks like it will go on for another 10 more years
Quote:
Originally Posted by techcoze View Post
Civics are build to last for ages, provided you take regular care of her. Mine is also 10+ years old, and still gives me feeling that i can use her for at least 5-7 years more
Congrats guys

Those were the HONDAs we used to aspire for. Whenever I see a civic pass by it always makes heads turn. Last year while in Oz my friend picked up a 6/7 year old civic AT with almost 1L kms on odo at some $10k. Was hard to believe it had run so much. Beautiful machine it was.

I wonder if these new age built-to-cost HONDAs available in India can get anywhere close

Last edited by SoumenD : 22nd May 2017 at 11:53.
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Old 20th July 2017, 18:05   #862
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Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

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Originally Posted by GTO View Post
Option TWO : Upgrade to a C+ segment car

Rs. 12,50,000 : Cost of a new Honda Civic or equivalent sedan.
Rs. 4,25,000 : Proceeds from the sale of your existing sedan used as down-payment toward the new car.
Rs. 20,000 : Approximate EMI per month for 8.25 lacs on a 5 year term.
Rs. 6,000 : Averaged maintenance cost per year.
Rs. 1,20,000 : Total cost of insurance premiums for the next 5 years.
Rs. 6,20,000 : Realistic resale of your new C+ sedan in year 2013.

Thus, if you upgrade from a C-segment sedan to a C+ segmenter, you will spend a total of Rs. 11,55,000 over the next 5 years. OR 2,31,000 per year.
GTO/Rush,
Correct me if I'm wrong but in option 2 the total money one will spend is Rs 730,000. You have also added the Rs 4,25,000 (sale of existing sedan) to the total figure.

Which brings the average annual cost to Rs 1,46,000, and not 2,31,000.

A minor correction that seems to have been missed over the last 9 years
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Old 20th July 2017, 18:19   #863
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Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

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Originally Posted by ninjatalli View Post
GTO/Rush,
Correct me if I'm wrong but in option 2 the total money one will spend is Rs 730,000. You have also added the Rs 4,25,000 (sale of existing sedan) to the total figure.

Which brings the average annual cost to Rs 1,46,000, and not 2,31,000.

A minor correction that seems to have been missed over the last 9 years
That 4,25,000 is being used as a down payment for new car as stated.

Hence, it's an expense and should be added.
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Old 20th July 2017, 18:32   #864
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Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

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Originally Posted by Sherlocked View Post
That 4,25,000 is being used as a down payment for new car as stated.

Hence, it's an expense and should be added.
Nopes. Look at it from a point of additional money coming out of your pocket over the 5 year period.

Option 1: Expenses:
Maintenance: 20,000 X 5 = 1,00,000
Insurance: 35,000
Depreciation hit: 4,25,000 - 1,50,000 = 2,75,000

Total: 4,10,000

Option 2:
Maintenance: 6000 X 5 = 30,000
Insurance: 1,20,000
Depreciation hit: (20,000 X 60) - 6,20,000 = 5,80,000

Total: 7,30,000

The above figure (20,000 X 60) is the payouts for loan amount for (12.5L - 4.25L). The downpayment is being substituted with part of the asset value, hence not an expense.

Last edited by ninjatalli : 20th July 2017 at 18:34.
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Old 6th August 2017, 16:07   #865
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Default Re: ARTICLE: YOUR 5 year old car : Keep, Upgrade or Swap?

Landed here from this post (Meeting the Jeep Compass. EDIT: Priced between 14.95 to 20.65 lakhs) in Jeep Compass thread.

Quote:
Originally Posted by ninjatalli View Post
A minor correction that seems to have been missed over the last 9 years
I think you are right about this. What's kind of confusing is the "depreciation" aspect which can be used in accounting to offset against the income.

For a typical salaried individual,
1. There is no depreciation benefit. Both resale value and depreciation are purely notional, and only make sense when we actually sell the car.
2. In such a case, we should only consider the net cash outflow and the resale value of the car at +5 years in both options, and assume that car will be sold at +5 years in both options to arrive at net difference.

With that in mind, this is what i got:

Option ONE:
Total cash outflow = 1,35,000
1,00,000 = 20,000 x 5 (Maintenance)
35,000 (Insurance)
Resale value of car = 1,50,000

Total ownership cost = 1,35,000 = 27,000 per year
Net gain/loss after sale of car = 1,35,000 - 1,50,000 = -15,000

You end up being richer by 15,000 after 5 years. Looks weird but true based on numbers used here. What this means is that, practically the ownership cost is ZERO for a well maintained car in this age bracket.

Option TWO:
Total cash outflow = 13,50,000
30,000 = 6,000 x 5 (Maintenance)
1,20,000 (Insurance)
12,00,000 = 20,000 x 60 (EMI)
Resale value of car = 6,20,000

Total ownership cost = 13,50,000 = 2,70,000 per year
Net gain/loss after sale of car = 13,50,000 - 6,20,000 = 7,30,000

Opportunity cost:
2,70,000 - 27,000 per year
= 20,250 per month that can be invested to grow to 15L with 8.5% annual return rate.

So for same cash outflow, this is what we will have:
Option ONE: 15L cash in hand + 10 year old car with resale value of 1,50,000.
Option TWO: 5 year old car with a resale value of 6,20,000.
Net difference of 10.3L.

P.S: As the original post in this thread was 9 year old, most of the numbers may not be appropriate for current scenario. For starters, you won't get a new Civic for 12.5L .
But the important point is still valid.

P.P.S: My current car will be 8 year old in couple of months. I must say, it was quite liberating after 5 years, when i didn't have to pay the EMIs anymore.

Last edited by SilentEngine : 6th August 2017 at 16:10.
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