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Old 10th May 2006, 12:15   #1
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Default Cheapest car : Aveo 1.4 LS, Baleno Vxi, Honda ZX Exi

This is a great forum, i found thru' google !!

I am planning to upgrade to a sedan in next 1 or 2 months.

i am looking for the cheapest car amongst.

1. aveo 1.4 ls - 7.3 L
2. baleno vxi - 7.0 L
3. honda exi - 7.8 L

I drive about 1500 kms per month and i plan to keep it for next 10 years(7 years atleast as my loan term is 7 years), if they last that long

I am looking at the one which will have lowest TCO including my 'fuel', 'maintenance', 'car price'

i plan to take 7 year icici loan @ 1600/lakh emi.

guys now i am want to know the following so that i can compute my TCO for next 7 years.

* what fuel price should i assume to compute tco, 50/ltr, 75/ltr or 100/ltr??
* what FE should i assume for these cars??

so my monthly expenses should be as low as possible in the long run.

i was initially including accent-diesel and fiesta-diesel, but people told me that diesel cars give lot of trouble after 4-5 years. if somebody disagrees i can bring back that to my list.

if some one is good at 'maths/economics' please help in doing the 'total cost of ownership' computation.

Last edited by Yamaha100 : 10th May 2006 at 12:23.
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Old 10th May 2006, 12:19   #2
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If FE and longevity is what you are looking for, do not look beyond the Honda. The Baleno will be tooooo dated in 2016 (its already dated now),for you plan to keep your car for so long.
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Old 10th May 2006, 12:45   #3
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A few inputs that might help :
# What do you currently drive and what FE do you get from it ?

# You have considered two base models (Aveo & City) with a fully decked up Baleno. What add-ons would you consider for the Aveo and City, if any - say Audio, Alloys, Wider Tyres etc. that comes OE with the Baleno ? IMO comparing with the Baleno LXi would be better, since in that case you can take the cost of aftermarket add-ons out of the equation, as they would be more or less the same for all 3 cars.
If you accept that, what is the OTR cost of the Baleno .. Is it around 5.5 L ?

# How much loan will you be taking ? 90% of OTR price ?
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Old 10th May 2006, 12:54   #4
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as long as i can remember the max tenure for a 3 box car is 5 years and not 7 years. nyways its

baleno all the way.

it has decent FE, best a/c, lovely ride and much muscular looks. corners beautifully and is fun to drive. drive it whichever way its always a wonderful feel.

rest take a test ride and decide for urself.
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Old 10th May 2006, 12:58   #5
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A few inputs that might help :

# What do you currently drive and what FE do you get from it ?
Santro, 12.5 ~ 13.0 kmpl
# You have considered two base models (Aveo & City) with a fully decked up Baleno. What add-ons would you consider for the Aveo and City, if any - say Audio, Alloys, Wider Tyres etc. that comes OE with the Baleno ? IMO comparing with the Baleno LXi would be better, since in that case you can take the cost of aftermarket add-ons out of the equation, as they would be more or less the same for all 3 cars.
If you accept that, what is the OTR cost of the Baleno .. Is it around 5.5 L ?
My budget is around 7.0 to 7.5, based on which i have chosen the models in that range. aveo 1.4 LS i was told is not base model. I think base model is OTR is 6.7 I do not plan any upgrades/accessories. I drive mostly in city and usually with my family which is 4 people. No offroading, no ripping....but occasional long drives once in 5/6 months.
# How much loan will you be taking ? 90% of OTR price ?
OTR
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Old 10th May 2006, 13:01   #6
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Quote:
Originally Posted by naveendhyani
as long as i can remember the max tenure for a 3 box car is 5 years and not 7 years. nyways its

baleno all the way.

it has decent FE, best a/c, lovely ride and much muscular looks. corners beautifully and is fun to drive. drive it whichever way its always a wonderful feel.

rest take a test ride and decide for urself.
thanks naveen, i test drove the cars and i like all of them But now i have got down to the economics of which will cost me the least, so my request is your guidance in computing the total cost of ownership.
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Old 10th May 2006, 13:04   #7
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If you're keeping it for 10 years, I suggest the Honda. GM and Aveo are yet to prove themselves and Baleno will be a vintage model in a decade.

However, a lot depends on what you're looking for in a car - Performance, looks, FE, prestige etc.

If you can elaborate, it'll be easier to help you out.
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Old 10th May 2006, 13:13   #8
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Quote:
Originally Posted by Boom Shiva
However, a lot depends on what you're looking for in a car - Performance, looks, FE, prestige etc.
I am basically looking for a bigger car with some boot space.

performance,looks,prestige doesn't matter. FE matters b'cos it will have impact on total cost.

I usually take good care of my car, giving it to regular service, regular washing, no rash driving etc.

Most important criteria for me is which will cost me the lowest in next 7 years atleast.

for e.g.

if car price = 5 L, and fuel cost = 8 L, maintenance = 1 L, resale value = 2 L

total cost of ownership = 14 L - 2 L = 12 L.

now i want to know if i drive 1500~2000 kms/month which of these cars will be the cheapest? and i hope that all these cars will easily live 7 years.
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Old 10th May 2006, 13:27   #9
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You could look at the Baleno LXi as well, it comes in at a cool 80k lower than the VXi.

The one thing going against the Baleno is the question whether it will still be in production a couple of years later. If you're planning on keeping the car for 7 years, then this does raise questions about availability of parts and such.

My vote goes to the Baleno in any case, with the City EXi placed second. While I'm driven more by performance and my vote reflects this as well, you'll find that scheduled maintenance of a Baleno costs among the lowest.
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Old 10th May 2006, 13:38   #10
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Quote:
Originally Posted by airfoil
You could look at the Baleno LXi as well, it comes in at a cool 80k lower than the VXi.

The one thing going against the Baleno is the question whether it will still be in production a couple of years later. If you're planning on keeping the car for 7 years, then this does raise questions about availability of parts and such.

My vote goes to the Baleno in any case, with the City EXi placed second. While I'm driven more by performance and my vote reflects this as well, you'll find that scheduled maintenance of a Baleno costs among the lowest.
I had a look at baleno Lxi, but i found it didn't have rear-defogger and the drivers position was too low, which the sales man said cannot be altered.....and Vxi is the only option.

In vxi i found the drivers postion as good as aveo 1.4 ls and honda exi.
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Old 10th May 2006, 13:39   #11
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Well, looking at it purely from a numbers perspective I would say that the difference - spread over 10 yrs - is not very significant.
# Lets try to calculate ... most popularly reported kmpls are assumed. Aveo is still a grey area here.
# Have considered average fuel cost of Rs. 100 / L
# Have not considered diesel cars, coz if and when fuel prices are de-regulated (should happen in the next 10yrs), diesel would cost as much as, if not slightly more, than petrol.
# Total distance covered in 10 yrs = 1500*12*10 = 1,80,000 kms.
# Purchase cost is : EMI * lakhs of loan * months
# Total cost excludes regular service and accident repair etc.
# Resale value for all 3 are going to be pretty pathetic in 10 yrs .. say 1 to 1.5 L

Aveo 1.4 (base)
OTR - 6.7 L
Purchase cost = 1600*6.7*7*12 = 9 L
Mileage - 12kmpl, Litres - 15,000, Fuel Cost - 15 L
Total cost = 9 + 15 = 24 L

Aveo 1.4 LS

OTR - 7.3 L
Purchase cost = 1600*7.3*7*12 = 9.81 L
Mileage - 12kmpl, Litres - 15,000, Fuel Cost - 15 L
Total cost = 9.81 + 15 = 24.81 L



Baleno LXi
OTR - 6.0 L
Purchase cost = 1600*6.0*7*12 = 8.06 L
Mileage - 12kmpl, Litres - 15,000, Fuel Cost - 15 L
Total cost = 8.06 + 15 = 23.06 L

Baleno VXi
OTR - 7.0 L
Purchase cost = 1600*7.0*7*12 = 9.4 L
Mileage - 12kmpl, Litres - 15,000, Fuel Cost - 15 L
Total cost = 9.4 + 15 = 23.06 L

City EXi
OTR - 7.8 L
Purchase cost = 1600*7.8*7*12 = 10.48 L
Mileage - 14kmpl, Litres - 12,857, Fuel Cost - 12.85 L
Total cost = 10.48 + 12.85 = 23.34 L


10 years down the line, any of the cars will be vintage. The Honda and Aveo will be newer. Baleno came to India in 1999 (pls correct me if I'm wrong). It will be 17 years old.
NHC will be 13 yrs old. City ZX will be 10 yrs old. So too Aveo. None of these cars will probably be produced then.

Going by MUL standards, the Baleno will prob have a new model attached to the brand by then. Honda will probably have introduced 3 new City models (I mean completely different cars) by then. GM might replace Aveo twice over ...

Maintaining all 3 could be a pain in the 8th, 9th, 10th year .. given the ownership tenure you are looking at and that you are primarily concerned about the economics, I would go for either a Maruti or a Honda - most probably a Maruti.
I would then look upon it as a bonus, that the VXi is a more complete package.

Any reason for not considering the Lancer ?

Last edited by shuvc : 10th May 2006 at 13:47.
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Old 10th May 2006, 13:41   #12
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BHPian,

please dont mistake me, rather than saying "my vote is for abc car", please help in answering these specific queries.

* what fuel price should i assume to compute tco, 50/ltr, 75/ltr or 100/ltr??
* what FE should i assume for these cars??
* what resale value to expect

Hope you guys understand my dilemma.
PS : I like all the cars i have listed, now it just boils down to how many $$$
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Old 10th May 2006, 13:52   #13
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Quote:
Originally Posted by shuvc
# Resale value for all 3 are going to be pretty pathetic in 10 yrs .. say 1 to 1.5 L

Aveo 1.4 LT
OTR - 7.3 L
Purchase cost = 1600*7.3*7*12 = 9.81 L
Mileage - 12kmpl, Litres - 15,000, Fuel Cost - 15 L
Total cost = 9.81 + 15 = 24.81 L



Baleno VXi
OTR - 7.0 L
Purchase cost = 1600*7.0*7*12 = 9.4 L
Mileage - 12kmpl, Litres - 15,000, Fuel Cost - 15 L
Total cost = 9.4 + 15 = (must be 24.4 L)

City EXi
OTR - 7.8 L
Purchase cost = 1600*7.8*7*12 = 10.48 L
Mileage - 14kmpl, Litres - 12,857, Fuel Cost - 12.85 L
Total cost = 10.48 + 12.85 = 23.34 L

Any reason for not considering the Lancer ?
Thanks Shuv,

FE query, aveo is 1.4 L engine you say is 12 kmpl, baleno is 1.6 L engine you it is 12 kmpl, and honda is 1.5 L engine you say its 14 kmpl.....seems little confusing ??

Lancer, i have heard has very low sales, hence risk of production being stopped.
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Old 10th May 2006, 13:56   #14
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Quote:
Originally Posted by Yamaha100
Thanks Shuv,

FE query, aveo is 1.4 L engine you say is 12 kmpl, baleno is 1.6 L engine you it is 12 kmpl, and honda is 1.5 L engine you say its 14 kmpl.....seems little confusing ??

Lancer, i have heard has very low sales, hence risk of production being stopped.
This thread has the answer : http://www.team-bhp.com/forum/indian...ght=definitive (Definitive FE Poll)

As I said, given your timeline, most cars you'll consider today wont be produced then. The Lancer, City brands will remain .. maybe even the Baleno .. but the cars would be quite different from what they are today.
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Old 10th May 2006, 14:01   #15
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Quote:
Originally Posted by shuvc
This thread has the answer : http://www.team-bhp.com/forum/indian...ght=definitive (Definitive FE Poll)

As I said, given your timeline, most cars you'll consider today wont be produced then. The Lancer, City brands will remain .. maybe even the Baleno .. but the cars would be quite different from what they are today.
The poll data seems very scatterred.....and cant read much into it......i will go to the dealers today/tomorrow and then talk a few owners who would be there for servicing and i will also post query on our company's discussion forums to get an hang of FE in bangalore.

I agree that all cars would look different by then, but i am sure each of them would have different resale values.....just to get an idea how much would a 1999/2000 baleno and honda city cost now? aveo i m sure will have no reference
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