![]() | #16 |
Newbie Join Date: Nov 2016 Location: Hyderabad
Posts: 12
Thanked: 9 Times
Infractions: 0/1 (4) | ![]() Really a great thread, I too am a huge advocate of buying pre-owned cars. Just to add my observations on the recent trends, there are a lot of well maintained cars out there, just because they are priced low does not necessarily mean they have some pending issue or some major expensive part to be replaced. The way of 'Juggad' that most mechanics used to believe in are almost over, car companies now even sell original parts over the counter, making a used car much more easier to maintain, with a new showroom car your bound to service at the A.S.S unless you don't care about the warranty. The FNG's are also getting better at their game, lots have knowledge of how to deal with modern cars, but have marginally increased charges. With a used car its even more tempting and easier to get your hands dirty and learn more by fixing small niggling issues, it adds to the ownership feeling than just buying a 'car'. |
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![]() | #17 |
BHPian ![]() Join Date: Jan 2014 Location: Kolkata - Pune
Posts: 475
Thanked: 1,472 Times
| ![]() Really nice article ! Getting a pre owned ride do have its benefits, but i feel first time buyers or people without much technical knowledge on cars are better off buying new. It will be much less of a hassle in case anything goes wrong. Also they are more likely to get fleeced in the deal & maintenance. In case of bad accidents, a zero dep insurance on new car will cost much less to repair than a comprehensive one on a old car. Of course 2-3 year old car with say 30k on the odo may be as good as a new one, but its definitely not the case for older models which are priced much cheaper and people tend to buy preowned for a substantial cost saving, not just a small one. |
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![]() | #18 |
Senior - BHPian ![]() | ![]() All my cars (4 of them) are purchased from used car market. My sweet spot is 2-3 years old, 20-30K km driven vehicles from private sellers. I use the cars for 3 years before getting next one. car 1 Hyundai Elantra - Purchased at 60% of the new vehicle cost when its 2.75 years old, sold at 48% of new vehicle cost after 2.25 year of usage Car 2 Honda CRV - Purchased at 67% of the new vehicle cost when at 2.25 years old, sold at 57% of new vehicle cost after 3.5 year of usage car 3 Maruti Ritz - Purchased at 71% of new vehicle cost when at 2.5 years old, sold at 60% of new vehicle cost after 2.5 year of usage Car 4 Maruti Ertiga - Current vehicle, but similar numbers The low depreciation and high value for money along with the fact that a 2-3 year old well maintained car is almost new pulls me to used car market every time. |
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![]() | #19 | ||
Senior - BHPian ![]() | ![]() Quote:
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Total Cost: Rs. 2.3 L Sold after 3 months for Rs. 3.5 L Profit 1.2 L | ||
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![]() | #20 |
BHPian Join Date: Sep 2010 Location: Pune
Posts: 685
Thanked: 1,007 Times
| ![]() There is one more hidden advantage:- If you are a salaried or retired person, you can buy a depreciated car and not worry about your wealth tax limit being exhausted. So you can merrily declare the gold stashed away in lockers ![]() |
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![]() | #21 |
BHPian ![]() Join Date: Apr 2013 Location: Ann Arbor
Posts: 25
Thanked: 17 Times
| ![]() Totally agree with this logic of buying used car that brings more value. I ended up buying tastefully modified, immaculately maintained Swift ZXi for the on-road price of Nano. This brought me a car that has ABS, airbags, steering mounted controls, better seats, and looks good too. Except for Bluetooth in newer cars I don't miss anything. All I had to spend on this car is new battery and new set of tyres in last 2 years. |
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![]() | #22 | ||||||||||||||||||||||
Team-BHP Support ![]() ![]() | ![]() Quote:
![]() I think the VW Jetta is the best pre-worshipped car one can buy today. An all-rounder with solid mechanicals, good reliability & dirt cheap pricing. Please consider the sweet + more reliable 6-speed MT. Quote:
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Not the case with an unsorted car like a used Superb 1.8 TSI DSG though. That model is a nightmare to own, whether new or old. Quote:
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What you have listed are the obvious disadvantages to buying used - something I 100% agree with. However, this thread isn't about new vs used - it's about not-so-obvious advantages to used! Quote:
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Beautiful, just beautiful. Reading about these kind of deals makes my day. Congratulations. | ||||||||||||||||||||||
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![]() | #23 |
BHPian ![]() Join Date: Feb 2013 Location: Bangalore
Posts: 58
Thanked: 154 Times
| ![]() This thread changed my perception completely on pre-owned cars altogether. I have done the same thing when it comes to owning flagship smart phones since my last two devices. I went for a pre-owned galaxy note 3 two years back which was still under warranty of 6 months for 25k at the time when the phone costed nearly 35k brand new, used it for two years and again went for a Note 5 for 26k which is also under warranty for another 7 months whereas the price for it in the market is still over 36K. Need to seriously consider this option when it comes to buying my next car, thank you for such detailed information. One of the perks of being a part of smart forums like this is the developed ability to read between lines and negotiate smart deals in the market! ![]() |
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![]() | #24 |
BHPian ![]() Join Date: Feb 2010 Location: Austin, TX, USA
Posts: 841
Thanked: 427 Times
| ![]() Another advantage is image. Only people in the 'know' know it's used. Others might assume you bought it brand new. See a fancy car on the road and you appreciate the car, not think about whether the owner is second or third. |
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![]() | #25 |
BHPian ![]() Join Date: Dec 2012 Location: Bangalore
Posts: 298
Thanked: 223 Times
| ![]() Most of the time boredom kicks in after three years of ownership and the owner starts upgrading the car like a music system, aftermarket alloy wheels, seat covers and other stuffs but still ends up selling in another one year because all this cannot hold yur interest. So someone who buys a 4 year old car will already have most of the upgrades like a upgraded music system, aftermarket alloy wheels and other add-ons without any additional cost to the buying price. WIN-WIN ![]() |
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![]() | #26 | |
BHPian ![]() Join Date: Jul 2016 Location: All Over!
Posts: 288
Thanked: 510 Times
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I own a Dzire Vdi 2011 and pulling my hair off to shortlist a vehicle in the range of Rs 10L - Rs 12L to upgrade in Q1 - Q2 next year. Jetta is one sweet machine to own and have it in your garage but important thing is the elephants are easier to buy but difficult to maintain. PS: I am only paid once a month. ![]() Could you please share a little overview on Jetta's annual maintenance on how this deal would be worthy if I were to compare it to a Ciaz Zdi or a Vento TDI MT for example? Thanks in advance. Cheers. Amey | |
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![]() | #27 |
BHPian ![]() Join Date: Apr 2014 Location: Robin hood city
Posts: 868
Thanked: 1,358 Times
| ![]() To be frank I (nor my family) were advocates of pre owned cars earlier. It was because of two reasons : 1. I (we) being noob in this area and easy to be fooled. Not a lot of people in this field were honest. 2. There was always a mistrust with second hand vehicles. Lot of why's, what's and but's were always thrown around and invariably used to buy newer things. This all changed during my onsite stint where in I was fortunate enough to get a clean BMW 5 series for a good deal. I had to search for some time but I did get a clean car which was trouble free for the entire duration that I owned and still got a good resale when I relocated back. So when I returned back , I thought of searching for a powerful but used European car (read fiat which is the only one I could afford ![]() ![]() Basically I paid 40K out of my pocket after selling my old car to get a much newer (just 6k on the ODO) , very much powerful (100bhp) car. Emboldened by this now I am on the lookout for a vintage RE or yezdi to own ! Last edited by TorqueyTechie : 6th December 2016 at 16:10. |
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![]() | #28 |
Senior - BHPian ![]() Join Date: Jun 2009 Location: Mumbai
Posts: 2,091
Thanked: 2,953 Times
| ![]() What an awesome thread. I always knew the advantages of buying used but seeing it out on paper like this just cements it further. Thanks for laying it out so clearly. Cheers |
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![]() | #29 |
BHPian ![]() Join Date: Apr 2006 Location: Bangalore
Posts: 149
Thanked: 104 Times
| ![]() I'm in a great dilemma. Currently I have a 8 year old Swift doing the daily duties for me and I'm planning to upgrade. I initially thought a budget of 12 lakhs for the new car, but nothing seemed to tickle my heart! After reading this thread, it seems Jetta is a better buy. Now the confusion is I can sell my car for around 3.5 lacs and I have a corpus of about 2 lacs which I can divert to the new/used car buy. But used Jetta seems to be around 9-10 lacs, so is it worth going in for a used car load of 5 lacs vs a new car loan of 6-7 lacs? And if I'm buying it from an individual how does this used car loan get sanctioned and paid to the seller? |
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![]() | #30 |
Senior - BHPian ![]() Join Date: Sep 2014 Location: Chennai
Posts: 4,021
Thanked: 6,960 Times
| ![]() Er - is there anything at all wrong with buying a car for around 4 lakhs (means a decent used 1.2 liter sedan) and then spending 30k odd on whatever needs to be done to it? Keep the rest of the money for a rainy day. Whatever you buy will be a segment higher than the Swift and will have more facilities anyway. |
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