ARTICLE: Buying a New Car vs Used Car

nishantgandhi · 18th February 2008, 12:05

Quote:

Originally Posted by nightrider

high value cars are very expensive in Hyderabad than mumbai. a 2007 ( Feb) Rider which had done 20,000 km was sold on 15 Feb for 11,00,000 which is a stupid buy. OR shall we say a FANTASTIC sell.
the buyer did not do his homework well.

Maybe you are right. I saw a 3 year old Honda Accord at First Choice Motors going for 10.75 lacs, with 18k on the odo! It was a steal IMHO however I didnt have the dough for that!

avishkar41 · 17th February 2009, 21:46

I came across a internal memo of GM stating that they welcome tenders for company used car. Most of the cars are used for just 100Kms(Yes 100Kms) and are made in jan-08 to may-08. Insiders tell that in past most of the cars had gone in range of 3 to 5lacs. (here i am talking of OPTRA MAGNUM DIESEL). Inspection of car is allowed and sell is on AS IS WHER IS basis. Can any body throw some light on this???

GTO · 18th February 2009, 11:26

Quote:

Originally Posted by avishkar41

Most of the cars are used for just 100Kms(Yes 100Kms) and are made in jan-08 to may-08. Insiders tell that in past most of the cars had gone in range of 3 to 5lacs. (here i am talking of OPTRA MAGNUM DIESEL). Inspection of car is allowed and sell is on AS IS WHER IS basis. Can any body throw some light on this???

Factory seconds. Not bad if there isn't any significant / structural damage to the car. Related discussion here

bblost · 20th February 2009, 12:58

Just a simple calculation I did.

I bought my 2004 Wagon R Vxi with 14500 kms for 3.23 lakhs in Sept 06 from Truevalue.
At that time a new Wagon R Vxi was 4.3 Lakhs on road.
I have driven 22k since.

Today as per carwale.com (Good condition)

06 Wagon R with 22,000 kms -> 2,88,000
04 Wagon R with 37,000 kms -> 2,37,000

So my car has lost 86,000 in depreciation.
If I had bought a new car it would have lost 1,42,000.

mkh · 27th October 2009, 22:13

Bought used cars so far, diff to search and get but yes the value exists
Best deal on used car- get a less used, same year despo seller- if at all there exists one now with so much info around used cars!!!!
Getting a new one now- want to keep it for 3-4 years and never felt the feeling of getting a new one home...( however was still searching a less used - as typical of me, missed one just today

...!!!)

JackSparrow · 28th October 2009, 08:13

Is Dec'2008 Toyota Innova G model with 30,000km worth 8.75 Lakhs? It's chauffeur driven, mostly highway miles. How much do you guys think would be a reasonable offer?

mkh · 28th October 2009, 10:48

Quote:

Originally Posted by bblost

Just a simple calculation I did.

I bought my 2004 Wagon R Vxi with 14500 kms for 3.23 lakhs in Sept 06 from Truevalue.
At that time a new Wagon R Vxi was 4.3 Lakhs on road.
I have driven 22k since.

Today as per carwale.com (Good condition)

06 Wagon R with 22,000 kms -> 2,88,000
04 Wagon R with 37,000 kms -> 2,37,000

So my car has lost 86,000 in depreciation.
If I had bought a new car it would have lost 1,42,000.

Going by pure numbers- there is no doubt that works out better with the used car
But how would you put the value of buying,driving and owning a new car?
Also- the car wale value does not account for 2nd ownership which will be 20-30K less also
At the end of the day, what one likes!!!(btw i have always driven used, now going for new- as the joy of new is to be felt 2

)

navan49 · 1st December 2009, 01:04

I got a car in second hand.It was only 14k kms run/Looked very good.Even the drive was nice.I too was happy buying a shining 14K kms car in a cheaper prize.After finishing all the deal.When I came to know thouroughly about the Wagon R I found I did not do a good deal.Later on I came to know it was an accidednt vehicle and was well repaired in a body shop and sold to me.Even the eyes of the Mechanic whom I took also went blind.So beware of second Hands.

nick17s · 16th April 2010, 12:04

hi guys,

I was planing to buy a new car, a GM "beat", yes I was planning..
Till yesterday when 1 friend of mine called up and told me that he is selling off his 2001 Manual 2.3 Honda Accord, now the dilemma is, I really liked that car since last 7-8 months, may be because of some cosmetic upgrades like 19" Rims on Goodyear eagle low profile tires, a video cd player attached to the double din hi fidelity music system, hi end leather seat covers, HID's and the best thing it gives an fe of 11km/pl.

Now the dilemma starts, yesterday I took a test drive of his ride and found out, that he has changed the tires and rims to stock (17"), because 19" were touching the body with 6 people on board (he himself weighs 100+kgs, lol), removed HID's, installed a Chinese touch screen DVD player, some dents on the boot, speedometer not working, and some noise from all 4 suspension.

He is asking for 3 lakhs, he is the 2nd owner, and I would be the 3rd.

he is saying that he can give me those 19", HID's, stupid Chinese DVD player removed and get the dents removed except the suspension work.

He is selling of accord because he has recently purchased an E-Class, he owns a 3 series and a Prado too, and he now don't have enough parking space to accommodate this accord. The good thing about the ride is it still gives 11+ fe. Yes I had checked that yesterday.

Now shall I buy a "Beat" or "Accord".

This is a Golden color accord.

Suggestions needed please...........

car-dent · 16th April 2010, 13:23

i would prefer a new beat to a 10 year old accord as the 10 year old accord will be too high on running and maintainance.

nick17s · 16th April 2010, 13:44

@cardent - hmm, well, I thought of same, but i can install a cng system in an accord, still confused.

ishlinea7260 · 16th April 2010, 17:22

go for the beat, not only does it give good efficiency but with chevrolet's promise, you would be tension free.
As far as accord is concerned covering that suspension work may burn a big hole in your pocket and increase the overall price of purchase.

shadow_bhp · 18th September 2010, 01:13

would you guys recommend buying from Mahindra First Choice or Maruti True Value solutions, as they offer one year warranty and sell the car fully re-furbished like new. Although the price would be 25-35K above the correct price, but there would be some "peace-of-mind" knowing that your car wont break down in the middle of the night on the highway while you are on a weekend trip.

What do you say guys?

Sajuanchorage · 3rd January 2011, 11:38

Good discussion and worth reading.

Dieseldunk · 27th January 2011, 13:04

PROS

• Certified pre-owned cars: Certain authorized dealerships now offer certified pre-owned cars. While these cars carry a premium on their price tags, they are put through an exhaustive inspection and change of parts to ensure a near-new car experience. Some certified pre-owned cars are also cosmetically improved by the dealer.

Good work GTO
but just wanted to share an incident my friend had purchased a Alto from a Maruti TRU Value (Cochin) and after doing some 20K kms found a fault in the a/c as the gas was leaking out and when we went to RNS we came to know that the fitted duct was not a genuine one (so much for the Truvalue stuff

)

Howwever the cost was returned and upon complaint to the management and my friend did not bother to pursue further. IMHO we need to check even minute details thoroughly before purchasing a pre owned car.

rgds
DP

17th February 2009, 21:46	#32
avishkar41 Newbie Join Date: Nov 2007 Location: surat Posts: 16 Thanked: 0 Times	company car I came across a internal memo of GM stating that they welcome tenders for company used car. Most of the cars are used for just 100Kms(Yes 100Kms) and are made in jan-08 to may-08. Insiders tell that in past most of the cars had gone in range of 3 to 5lacs. (here i am talking of OPTRA MAGNUM DIESEL). Inspection of car is allowed and sell is on AS IS WHER IS basis. Can any body throw some light on this???
	() Thanks

20th February 2009, 12:58	#34
bblost Team-BHP Support Join Date: Jul 2007 Location: Hyderabad Posts: 11,008 Thanked: 15,355 Times View My Garage	Just a simple calculation I did. I bought my 2004 Wagon R Vxi with 14500 kms for 3.23 lakhs in Sept 06 from Truevalue. At that time a new Wagon R Vxi was 4.3 Lakhs on road. I have driven 22k since. Today as per carwale.com (Good condition) 06 Wagon R with 22,000 kms -> 2,88,000 04 Wagon R with 37,000 kms -> 2,37,000 So my car has lost 86,000 in depreciation. If I had bought a new car it would have lost 1,42,000.
	() Thanks

27th October 2009, 22:13	#35
mkh Senior - BHPian Join Date: Oct 2009 Location: Bangalore Posts: 1,072 Thanked: 133 Times View My Garage	On Used cars or New Cars Bought used cars so far, diff to search and get but yes the value exists Best deal on used car- get a less used, same year despo seller- if at all there exists one now with so much info around used cars!!!! Getting a new one now- want to keep it for 3-4 years and never felt the feeling of getting a new one home...( however was still searching a less used - as typical of me, missed one just today...!!!)
	() Thanks

28th October 2009, 08:13	#36
JackSparrow BHPian Join Date: Aug 2009 Location: Hyderabad Posts: 96 Thanked: 4 Times View My Garage	Is Dec'2008 Toyota Innova G model with 30,000km worth 8.75 Lakhs? It's chauffeur driven, mostly highway miles. How much do you guys think would be a reasonable offer?
	() Thanks

1st December 2009, 01:04	#38
navan49 Senior - BHPian Join Date: Nov 2009 Location: CHENNAI Posts: 1,000 Thanked: 73 Times View My Garage	I got a car in second hand.It was only 14k kms run/Looked very good.Even the drive was nice.I too was happy buying a shining 14K kms car in a cheaper prize.After finishing all the deal.When I came to know thouroughly about the Wagon R I found I did not do a good deal.Later on I came to know it was an accidednt vehicle and was well repaired in a body shop and sold to me.Even the eyes of the Mechanic whom I took also went blind.So beware of second Hands.
	() Thanks

16th April 2010, 12:04	#39
nick17s BHPian Join Date: Feb 2010 Location: New Delhi Posts: 536 Thanked: 103 Times View My Garage	hi guys, I was planing to buy a new car, a GM "beat", yes I was planning.. Till yesterday when 1 friend of mine called up and told me that he is selling off his 2001 Manual 2.3 Honda Accord, now the dilemma is, I really liked that car since last 7-8 months, may be because of some cosmetic upgrades like 19" Rims on Goodyear eagle low profile tires, a video cd player attached to the double din hi fidelity music system, hi end leather seat covers, HID's and the best thing it gives an fe of 11km/pl. Now the dilemma starts, yesterday I took a test drive of his ride and found out, that he has changed the tires and rims to stock (17"), because 19" were touching the body with 6 people on board (he himself weighs 100+kgs, lol), removed HID's, installed a Chinese touch screen DVD player, some dents on the boot, speedometer not working, and some noise from all 4 suspension. He is asking for 3 lakhs, he is the 2nd owner, and I would be the 3rd. he is saying that he can give me those 19", HID's, stupid Chinese DVD player removed and get the dents removed except the suspension work. He is selling of accord because he has recently purchased an E-Class, he owns a 3 series and a Prado too, and he now don't have enough parking space to accommodate this accord. The good thing about the ride is it still gives 11+ fe. Yes I had checked that yesterday. Now shall I buy a "Beat" or "Accord". This is a Golden color accord. Suggestions needed please........... Last edited by nick17s : 16th April 2010 at 12:11.
	() Thanks

16th April 2010, 13:23	#40
car-dent BHPian Join Date: Jan 2010 Location: NOIDA Posts: 284 Thanked: 469 Times	i would prefer a new beat to a 10 year old accord as the 10 year old accord will be too high on running and maintainance. Last edited by Technocrat : 16th April 2010 at 13:33. Reason: Please avoid quoting an entire long post specially if its on same page, thanks
	() Thanks

16th April 2010, 13:44	#41
nick17s BHPian Join Date: Feb 2010 Location: New Delhi Posts: 536 Thanked: 103 Times View My Garage	@cardent - hmm, well, I thought of same, but i can install a cng system in an accord, still confused.
	() Thanks

16th April 2010, 17:22	#42
ishlinea7260 BHPian Join Date: Nov 2009 Location: . Posts: 471 Thanked: 539 Times	go for the beat, not only does it give good efficiency but with chevrolet's promise, you would be tension free. As far as accord is concerned covering that suspension work may burn a big hole in your pocket and increase the overall price of purchase.
	() Thanks

18th September 2010, 01:13	#43
shadow_bhp Newbie Join Date: Sep 2008 Location: Bangalore Posts: 4 Thanked: 0 Times	would you guys recommend buying from Mahindra First Choice or Maruti True Value solutions, as they offer one year warranty and sell the car fully re-furbished like new. Although the price would be 25-35K above the correct price, but there would be some "peace-of-mind" knowing that your car wont break down in the middle of the night on the highway while you are on a weekend trip. What do you say guys?
	() Thanks

3rd January 2011, 11:38	#44
Sajuanchorage BHPian Join Date: Apr 2009 Location: Cochin Posts: 32 Thanked: 4 Times	Re: ARTICLE: Buying a New Car vs Used Car Good discussion and worth reading.
	() Thanks

27th January 2011, 13:04	#45
Dieseldunk BHPian Join Date: Dec 2010 Location: Chennai,Bangalo Posts: 435 Thanked: 290 Times	Re: ARTICLE: Buying a New Car vs Used Car PROS • Certified pre-owned cars: Certain authorized dealerships now offer certified pre-owned cars. While these cars carry a premium on their price tags, they are put through an exhaustive inspection and change of parts to ensure a near-new car experience. Some certified pre-owned cars are also cosmetically improved by the dealer. Good work GTO but just wanted to share an incident my friend had purchased a Alto from a Maruti TRU Value (Cochin) and after doing some 20K kms found a fault in the a/c as the gas was leaking out and when we went to RNS we came to know that the fitted duct was not a genuine one (so much for the Truvalue stuff) Howwever the cost was returned and upon complaint to the management and my friend did not bother to pursue further. IMHO we need to check even minute details thoroughly before purchasing a pre owned car. rgds DP
	() Thanks