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Old 20th March 2010, 16:42   #256
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Originally Posted by lamborghini View Post
Most of the people out here seems like a convert to used cars after looking at your deal, however, I just wanted to mention that even though used cars are terrific value, they will always be more expensive to maintain than a similarly priced new car.
A civic will have more expensive parts than a similarly priced new ANHC
, and it is important to take this into consideration when setting a budget.
Very very valid point. This hesitation is always in me when I come across some real tempting offers on higher segment used cars.
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Old 20th March 2010, 18:00   #257
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If a salaried guy knows how to invest in equities, it might make sense for him to buy an used car on loan too. The sensex has returned 18% CAGR since its inception - so Rs. 8 or 10 Lacs invested in a simple index fund would suffice.
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Old 21st March 2010, 08:18   #258
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Wow.. i don't know what to say GTO. My father always bought used cars for large part of his career. In the middle east you get a lot of sweet deals for used cars. My only problem with used cars is that I am not a very educated in the mechanics of cars. I cant spot faults with cars very easily. My father bought 2nd hand cars with great confidence because he had a good friend who was car mechanic. Any thoughts on my reservations.
This question is not exclusive to only GTO. Thanks
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Old 21st March 2010, 19:03   #259
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Originally Posted by twinblades View Post
My father always bought used cars for large part of his career.
Your Dad seems like our kinda guy

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My only problem with used cars is that I am not a very educated in the mechanics of cars. I cant spot faults with cars very easily.
Refer to our "buying a used car article"; It has everything you need to know about securing your position in a used car transaction. And even if you aren't familiar with the technicalities of a car, or separating a good one from bad, simply get a complete paid evaluation done from an authorised service station. Or better yet, get two evaluations done (to be on the safe side). One from the authorised station and the other from an independent mechanic you know of.

Other points in our Advice article (including checking their insurance coverage for history of damage claims made).
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Old 21st March 2010, 19:49   #260
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Originally Posted by GTO View Post
Your Dad seems like our kinda guy

Refer to our "buying a used car article"; It has everything you need to know about securing your position in a used car transaction. And even if you aren't familiar with the technicalities of a car, or separating a good one from bad, simply get a complete paid evaluation done from an authorised service station. Or better yet, get two evaluations done (to be on the safe side). One from the authorised station and the other from an independent mechanic you know of.

.
Congratulations GTO, your immaculate car seems to have touched auto-lovers dilemma of deal vs risk. If you find a good deal then, I agree with you advise of getting paid inspection done to derisk.
I had chosen a used corolla but while getting paid inspection done found it had met accident which was not informed by owner. So after two incidence my enthusiasism waned. But the charm of getting a great deal is satisfying.
Congratulation and enjoy and waiting for your explorations!!
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Old 21st March 2010, 20:05   #261
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Originally Posted by GForce1980 View Post
There is no doubt about the value of Used Cars.

However, based on what little research I have done in the User Car Market, I have come to realise that more expensive cars depreciate much faster than lower value cars, when you look at percentage depreciation. So technically speaking, a brand new civic will depreciate faster than a brand new alto. This implies that when looking for a 8lac+ car, its definitely worth looking at the used car market, because you can take advantage of the higher rate of depreciation. But if you are going for a low value car, you may better off with a brand new one. Ofcourse, exceptions can always exist.

I guess that this has more to do with the fact that smaller cars have a higher demand as they are accessable to more people & are actually even preferred by more people in India who are more FE minded (Average kitna hai?).

A small exception to that rule though.
Buy a Classic (almost all Ferrari's end up as classics) example Mclaren F1 and few years down the line it will go for close to 2-4 times its original price.

I feel The Bugatti veyron will go this way.

But You're absolutely right regarding larger cars depreciating fast.
1CR LC200's go for half the price a year down the line.

But on a personal level i really don't prefer used cars as
firstly its very difficult to find "The Perfect" Car as it needs a lot of patience and dedication which many of us lack.
Even if the ODO reading is low there is a strong possibility that it has been abused.
2)Step motherly treatment.(example i get a dent on my used car then i wont bother much. But when i had my first scratch on my new car i was literally in tears )
3)certain X factor ,"papa's got a brand new ride "


But There are a lot of +ves regarding buying used.
1) you never get a lemon for a car (unless you are a Dodo)
2) Killer Deals! especially in places like Karnataka where you literally have to pay through your nose for new cars due to very very high taxes , you end up paying much than the car is actually worth.Here used cars make a lot more sense.
3)no need to worry about run in.
4)since it has been run in before you can modify it as soon as you have paid for the car.

Last edited by vinaydas : 21st March 2010 at 20:08.
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Old 22nd March 2010, 18:53   #262
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Originally Posted by vinaydas View Post
Even if the ODO reading is low there is a strong possibility that it has been abused.
2)Step motherly treatment.(example i get a dent on my used car then i wont bother much. But when i had my first scratch on my new car i was literally in tears )
Tampering with the ODO used to happen a lot in the times of mechanical ODOs. Does it still happen? Is it as easy as it sounds?

I disagree with the step motherly treatment part. I think this totally depends on ones attitude. If its a careless, reckless rich brat, he wouldn't care much about a new ride too which his rich dad has bought him.
Honestly I have always felt a special connection with my cars (one of them is used) and I still care for all of them equally.
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Old 23rd March 2010, 10:02   #263
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Tampering with the ODO used to happen a lot in the times of mechanical ODOs. Does it still happen? Is it as easy as it sounds?
Tampering digital is much more simpler than analog ODOs. Yesterday on discovery turbo channel they showed tampering a C class with a software. They just need to connect the software on laptop to the ECU and re-set the mileage. It just took 2 minutes!
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Old 23rd March 2010, 20:19   #264
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Originally Posted by bullock-Car View Post
If you find a good deal then, I agree with you advise of getting paid inspection done to derisk
The paid inspection is worth every paise, if you ask me. And while at it, cross-verify with the insuring company for claims history too.

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Originally Posted by vinaydas View Post
A small exception to that rule though.
Buy a Classic (almost all Ferrari's end up as classics)
Why go as far? I could sell my Jeep today, for the exact same amount that I bought it for in '97 (Rs. 345,904).

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Originally Posted by razrman View Post
Tampering with the ODO used to happen a lot in the times of mechanical ODOs. Does it still happen? Is it as easy as it sounds?
Easy peasy : Link to odometer tampering thread (Is it possible to tamper digital odometer ?)
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Old 25th March 2010, 10:49   #265
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But i have always wondered what about the resale value of used cars? Wouldnt they depreciate even faster? Since the next owner will be the 3rd owner, would we get a decent price for the car?
What do your experiences say guys?

I have also heard that there is some rule here in India that the fourth owner of the car cannot sell it...i.e no more than 4 owners for a car. I looked up online but couldnt find anything. But then a couple of different sources mentioned this.Is this true?
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Old 25th March 2010, 13:37   #266
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GTO, congratulations on your buy. I've been waiting for you to rip the car on the highway and then write a nice article about it, I hope I haven't missed it.

ot- I'm sorry, I know this isn't the relevant thread but a friend of mine was curious to know how the civic performs with CNG and whether this is feasible or not ?
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Old 25th March 2010, 15:07   #267
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Hey GTO, what are the duties of your Indigo? I know what your Mahindra, Honda and Mercedes are for. Is there a thread on your Indigo, and was it was pre-abused/pre-worshipped too?

Any plans on exchanging it for the Manza?
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Old 25th March 2010, 22:23   #268
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Quote:
Originally Posted by razrman View Post
But i have always wondered what about the resale value of used cars? Wouldnt they depreciate even faster? Since the next owner will be the 3rd owner, would we get a decent price for the car?
What do your experiences say guys?
Since you've asked about personal experiences, I'll tell you mine : If a car is between 1 - 4 / 5 years old, then the number of owners matters to an extent. However, for a car that's 7 - 10 years old, 2 owners is the rule rather than exception. We need to understand that Indians generally change their cars at the 5 year mark. Thus...

For a car that's over 7, the overall condition, health and mileage matters more than whether the seller is the 1st or 2nd owner.

Quote:
I have also heard that there is some rule here in India that the fourth owner of the car cannot sell it...i.e no more than 4 owners for a car. I looked up online but couldnt find anything. But then a couple of different sources mentioned this.Is this true?
Rubbish. I've seen some W126 Mercs with 6 owners on the book (and counting).

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Originally Posted by sukrit7 View Post
GTO, congratulations on your buy. I've been waiting for you to rip the car on the highway and then write a nice article about it, I hope I haven't missed it.
Not yet , but what I'm missing is a great road trip. Hopefully, one's coming up in April. Will update with pictures.

At the moment:

1. Looking out for some 5 spoke alloys. Taking my time screening & evaluating whats on the market.

2. Navin and Bass & Trouble are discussing the ICE upgrade. Navin knows exactly the kind of sound I like. Plus, we have more than our birth dates in common....either of us are extremely particular personalities. B&T's quality of install is top notch and I can't wait for the dude to start working on my car.

Quote:
I'm sorry, I know this isn't the relevant thread but a friend of mine was curious to know how the civic performs with CNG and whether this is feasible or not ?
I'd guess just like any other? However, the weak low rpm throttle response will become only worse with CNG.

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Originally Posted by smartcat View Post
Hey GTO, what are the duties of your Indigo? I know what your Mahindra, Honda and Mercedes are for. Is there a thread on your Indigo, and was it was pre-abused/pre-worshipped too?

Any plans on exchanging it for the Manza?
The Indigo is our family's *beater* car. Thus, all the work we wouldn't make our other cars do, the Indigo goes through (helps keep the other 3 in top shape). I rarely drive the Tata. Not more than once a month tops, thus haven't yet created a thread on it. But I should be putting up a long-term ownership report once she crosses 40 - 50K kms. It was bought brand new (5.5L OTR) and no, I don't have any plans of trading it in for a Manza. Once she's served us for a couple of years more, I'm thinking of going the MUV route for the family beater (whichever Innova generation Toyota's selling at that time).
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Old 25th March 2010, 22:46   #269
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OK forget the Indigo. Is there any car in India that does 95% of what the Mahindra, Civic and Merc does? The Mitsubishi Outlander perhaps? It has low range for offroading (yep, I know that alone is not enough), automatic transmission for city driving and it is supposed to be "rally car" good on highways (according to automags). I hear it will have a diesel engine soon too.

Any single car you can think of that would accomodate a high percentage of your requirements?
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Old 26th March 2010, 14:48   #270
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Is there any car in India that does 95% of what the Mahindra, Civic and Merc does?
I think I see where you are going. The Fortuner probably comes closest; can use it for mild offroading, within the city as well as on the highway. But you do understand that 4 people cannot be driving the same all-purpose car at 4 different places at the same time.

That said, we shouldn't include my Jeep & its purpose at all. It's a very specialist 4x4; no SUV can match it for cheap offroading thrill or capability.

Quote:
The Mitsubishi Outlander perhaps? It has low range for offroading (yep, I know that alone is not enough), automatic transmission for city driving and it is supposed to be "rally car" good on highways (according to automags). I hear it will have a diesel engine soon too.
No ways, the Outlander comes with a CVT tranny only. It's hardly an offroader, nor is it much fun to drive.
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