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![]() | #16 |
Team-BHP Support ![]() | ![]() In addition to the incremental amount, you need to budget 10% for contingencies especially if a euro car. I bought my Skoda remotely. Except for a noisy clutch, there was no indication that the water pump etc would be failing. Remember to do your homework and be over predictive about maintenance. I changed the clutch and timing belt well ahead of their normal life to offsets "sods law" that something remote could happen |
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![]() | #17 |
Senior - BHPian Join Date: Apr 2008 Location: Bangalore
Posts: 2,696
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| ![]() Great thread GTO. In 2007, my uncle wanted to change his 2002 model Santro LE [without PS]. He was looking at a spacious hatch. He was wanting to buy a new Indica Turbo, but my dad advised him to go for used vehicle. He got 2 lakhs for the Santro and got a 15k kms run 2005 model indica V2 DLG for 3.3 lakhs. |
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![]() | #18 |
BHPian Join Date: Sep 2009 Location: Noida
Posts: 104
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| ![]() Great thread.. what I have been following so far : Alto vx (new) -> santro XO (new) -> Corolla (2004, H2 -> 4.6l about 1.5 years ago ) My father moved from Innova to a used CRV 2004 model 2 years ago , saved him about 50k ![]() Please make this thread sticky. |
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![]() | #19 | ||||
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![]() | #20 |
BHPian Join Date: Jun 2009 Location: Bangalore
Posts: 228
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| ![]() Maan, is this just what i didnt want to read ![]() I've been using a non-turbo Indica for 5 yrs now and really looking for a change. The Punto had been on my list all this while, but today after TD'ing the Figo, am tempted by the sheer VFM it offers. But, all this while I've been wondering if I was financially right to sell off the car and buy a new one - I know its not, but been convincing myself that I should do what my heart says (not the head!). Buying a used car was top of my list until a few months back and now this thread more than leaves me convinced to do so - and the thought of a Pete'd ELantra Crdi, heck wouldn't it be fun if I were to find one! thanks a bunch GTO, for starting this thread! |
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![]() | #21 |
BHPian ![]() Join Date: Nov 2009 Location: Mumbai & BLR
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| ![]() I guess I too made a lateral upgrade. We (read as "I") needed a sedan so sold '07 Innova G4 for 7l and took a '08 Corolla A/T for 7.5l ![]() Last edited by prateekm : 31st March 2010 at 21:13. |
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![]() | #22 | |||||
BANNED Join Date: Jun 2009 Location: Swindon, UK
Posts: 696
Thanked: 87 Times
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This is a great thread. Now we can use it for our Lateral Upgrades. Hope to post one of mine soon. Last edited by Live To Jive : 31st March 2010 at 21:45. | |||||
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![]() | #23 |
Senior - BHPian ![]() | ![]() Lateral upgrading is possible with cars having bad resale too. One needs to upgrade to the next best brand instead of goin for a maruti or Toyota. Lateral upgrades also work for new cars. For e.g. Sold 2000 WagonR in December for 1.4. Was in the market looking for a similarly roomy hatch. Looked at Chevrolet Beat 1.2, upcoming Ford Figo and Indica Vista Petrol. I would've effectively shelled out 2.7 for a brand new car in the same segment with better features and safety. And here's an example of lateral upgradation for a car with lesser resale. A 2006 Chevrolet Aveo 1.6 might fetch 2.0. I can look at a new Mahindra Logan, or an Accent for about 3.0 more. If looking at used I will go for a Ford or a hyundai Verna. Looking at the right upgrade is very important. edit: Which reminds me. I should start looking for a used Accord v6 or Sonata or Laura to upgrade from my Lancer in sometime. never owned a used before makes one suspect if its a worthwhile investment. Last edited by devarshi84 : 31st March 2010 at 22:05. |
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![]() | #24 |
BANNED Join Date: Jun 2009 Location: Swindon, UK
Posts: 696
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![]() | #25 |
BHPian ![]() Join Date: Jan 2009 Location: Thane
Posts: 98
Thanked: 63 Times
| ![]() Hey GTO once again congrats on your Civic ... i know this is the right forum ![]() I own a 2003 Accent which I bought in 2005 with only 11K on odo at 2.8 L After using the Car for 5 years I decided to sell her and upgrade but was confused on what to upgrade with 2.5 L in hand along with my Car. However the deal was not sounding practice for me as I use my Car only on weekends for roaming in city for last 5 years I have added 40K on odo So spending 2.5 L for something I don't use more often was illogical and I still love to drive my Accent So finally I made the decision of spending 40K on her to get her repainted, rust proofing, suspension overhaul (if someone can help me I would love to put details of my partial re-built project) Now have Accent which is re-built, New paint job, good ICE setup which can be used for another 2-3 years (considering the fact Hyundai is still selling Accent) So all in all initial cost 2.8+ partial re-built 40K = 3.2 L in this price if I get a sedan to use for 7-8 years I would be happy to sell her in 1 L or may be les than that after 2-3 years and would be still happy as I have got returns on my money |
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![]() | #26 |
BHPian Join Date: Jan 2010 Location: Chennai
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| ![]() GTO I have a budget of 7 Lakhs - but i am looking at buying an additional car (therefore its not a lateral upgrade, but a second hand purchase). I would like to buy a reliable diesel from the C & D segment. What are my options? Do you think i could find a Skoda Laura? |
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![]() | #27 | |||||||||
Team-BHP Support ![]() ![]() | ![]() Firstly, thank you for the 5 star rating on this thread. Quote:
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Me = " ![]() He = "Is it satisfying to drive" Me = "Like how. Tight chassis + revv happy engine. Best drivers car today < 10 lakhs" He = "Cutting a cheque. Thanks". Quote:
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The world sells their old car in the used market and buys new. The purpose of this thread is to very specifically let other BHPians know of how to upgrade for less $$$. Quote:
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Do you have to buy diesel? If you are open to petrols, we have a much wider choice. Last edited by GTO : 1st April 2010 at 11:37. | |||||||||
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![]() | #28 |
BHPian ![]() | ![]() GTO - That was bang on target. Awesome thread. |
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![]() | #29 | |
BHPian Join Date: Jan 2010 Location: Chennai
Posts: 417
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I know what you mean and i came pretty close to buying a used civic for a good price. Since i am entering the real estate business, i will be driving in excess of 100 km a day on poor roads. The ideal car is a fuel efficient diesel sedan that has good ground clearance. 1. Octavia doesnt work for me because inspite of its size, its extremely uncomfortable for tall drivers like me 2. Cruze sounds interesting - i hope there are good examples in the market fairly soon 3. Sonata / Optra, while they maybe good cars, i dont favour them too much because of the fear of not getting quality A.S.S in the future Last edited by acidkill : 1st April 2010 at 12:01. | |
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![]() | #30 |
BHPian ![]() Join Date: Nov 2009 Location: Bangalore
Posts: 81
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| ![]() Excellent article GTO. Am in the lookout for the exact same things as suggested by you. I presently own an NHC '04, I will be looking to spend another 4L after trading this to an '07 Accord or a Civic. It makes absolute sense to do this instead of shelling out 15L for a new Civic or 22L for a new Accord. What say ? ![]() |
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