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Originally Posted by Jaggu If you had found the right person the first time, you wouldnt have made such an opinion. |
Jaggu, my Jeep has been going to Milestone since the time that workshop opened. That's over 12 years and yes, I do still have the same opinion. Milestone is headed by Ferdi who is a customer-centric chap, owns a Classic, has worked on Mahindras for time immemorial, knows solutions specific to Mahindras that others don't, has access to whatever OEM parts I want for my Classic and loves Jeeps. In other words, he is amongst the best to maintain a Classic in India.
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Again when you bought your jeep were you sure what you wanted to do with it?
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I knew I will:
- Learn how to offroad in it
- Never sell it
Nothing's changed.
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One shot build after identifying right donor vehicle, garage and planning is very different to what we guys do with constant rebuilds.
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My donor vehicle - the Classic - has been through a complete mechanical rebuild using brand new Mahindra parts (including an engine) and Mahindra-trained labour, headed by a Jeeper (i.e. Ferdi). I don't suppose mechanical rebuilds get much better than this.
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Parts are still cheaper and will be cheaper for ol school jeeps.
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They sure are. However, the failure rate of Mahindra parts is also higher than parts from Maruti / Hyundai / Honda / Toyota.
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Add depreciation and then you will see why you are wrong!
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There is no right or wrong with depreciation. It's decided by hard numbers.
Depreciation when buying a new vehicle: As an entrepreneur, I can claim depreciation on a new Thar and save on taxes. Effectively, a vehicle can become 30% cheaper for me over the years. Of course, this option is only for entrepreneurs, but hey, we do have a good number on board. And whether you are an entrepreneur or not, the next point on depreciation is applicable to all.
Depreciation when selling a vehicle: A single-owner 5 year old Thar with complete documented service history, factory build, 60,000 documented kms, comprehensive insurance and consisting of mostly factory parts....or a 20 year old MM540 with multiple owners, no real gauge of how many total kms, atleast 1 / 2 / 3 engine rebuilds or swaps, having nearly all parts from the after-market (some unbranded), needing a road fitness certificate and third party insurance. Which one you think will fetch better resale?
Or a relative comparo : A 20 year old rebuilt Gypsy today versus a 5 year old King. Which has better resale?. Please don't bring Mods into the picture. Customisations cost additional $$$ and can be added to any vehicle, whether old or new.
Other reasons why a brand new Jeep will work out cheaper:
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Cheaper interest rates: On new car loans.
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Warranty: A two year warranty is worth its weight in Gold.
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Insurance: A brand new Thar can be comprehensively insured for 10 years, for its book value. Good luck when your rebuilt 6 lakh rupee Jeep gets stolen, and you are sitting on a worthless (in this situation) 3rd party insurance (as all of us ol' Jeepers are). Open Jeeps are for obvious reason easier to break into, and have huge demand in some States. I know of too many horror stories from CJ / MM owners in MH. That's why my Jeep is parked in a garage, and has two anti-theft devices installed. How many people have the luxury of enclosed parking?
Time: Booking & financing a Thar in 2 days, and rebuilding a Jeep over a couple of months. Not everyone has the time to spend in a workshop every weekend, and using their free time to source parts / make 10 page to-do lists. Plus, you can easily calculate the worth of your time (and add a monetary number too). Time is money and that's a fact.
Reliability: While it is possible to get good reliability from a completely rebuilt Jeep, a brand new Jeep will be that much more reliable. Factory build is factory build. Period. Anyone can get a reliable brand new Jeep, however it takes a lot of effort to get a reliable rebuild Jeep.
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I would say am better off spending piece meal coz am not eating into my savings/investments in one shot.
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Heard of EMIs
? Depending on your papers and the financing company, you can get a car loan of 5 / 6 / 7 years, at a interest rate as low as 9%. Show me a garage or rebuild specialist that will give you this. If you prefer paying small amounts over a longer period of time, then & indeed you should go new only.
Additionally, there's the opportunity cost when cheap loans are available. There's a reason why people choose car loans....even those who have the cash on hand. In short, take a loan and 10% and use that capital elsewhere for 15 - 20% ROI.
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If things like silencer rattle etc you are referring then that will happen to any brand new vehicle.
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I'm not talking about rattles, they even happen to brand new Marutis
I'm talking of
niggles, of which I've experienced innumerable in the last near-2.0 lakh kms of owning a Mahindra. Electricals going kaput, gauges stop working, oil leaks, brakes getting stuck, car pulling to one end strangely, unpredictable overheating, things going loose and so on. I think the niggles are well documented on multiple threads across the forum.
While I agree that a rebuilt Jeep can be reliable, no Mahindra Jeep will be free of niggles. NOTE : When I say reliable, I am talking of no breakdowns (and not niggles).
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As i said its a very wrong comparison.
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Not really. Many Jeepers today are looking at two options; a brand new Thar or a rebuilding one from scratch. It is an incredibly relevant comparison in today's time, especially after the launch of the Thar.
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Am not taking names but there are couple of very good builders now
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I think all of you should start a thread on recommended 4x4 builders. It'll greatly help those who aren't familiar with the scene, yet have the desire & $$$. Much like the Team-BHP Directory.
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Anyday i would prefer them, if am doing a ground up restoration and am sure i can build a jeep like Tejas and be very happy with it at relatively cheaper investments.
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Why are you buying a brand new Gypsy then? Why not rebuild one? There are plenty of options available and the rebuild process, if anything, will be simpler than a Mahindra...thanks to the Gypsy's inherently better quality! All the points you mention in favour of rebuilding an MM540 are just as applicable to the Gypsy.