5th February 2007, 13:38
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| Senior - BHPian  | Old Indica LEi / New Indica DLS / New Alto LXi Right - I will be needing a second car in a few months. Have put down my analysis of the situation in this pretty lengthy post. Seeking comments, corrections, inputs, advise from T-BHP enabling me to decide wisely  Expectations/Requirements from the second car (small hatch) . - Very low overall cost of ownership - Very low on fuel bills - Will be primarily driver driven and used by kid and parents - Good AC - Power steering required - in case wifey wants to drive at times - Power windows NOT required - Will probably keep for 5 years - at least planning on that basis - Initially it will probably run 500kms/month. But I expect it to increase to an average of about 700kms over a 5 year period. - 100% city use The options Keep Indica 2000 LEi, which I currently have. It's a 2001 model run 40K kms. Cost of car - 0 Mileage - 9kmpl Petrol for 5 years - 700*49*60/9 = 2,28,667. (49 = price of petrol as of date) Maintenance - Pessimistically 20,000 per year ? = 1,00,000 Resale value after 5 years - probably 0. Total over 5 years = 3,18,667 Concerns - It was sitting relatively idle with a used car dealer for about 1 year. Is being used recently by a relative and returning 5/6 kmpl with almost no A/C usage!! Guess it badly needs servicing. Refused to start yesterday. Heard some fuse blew. Has been replaced and running fine now. Suspension needs work. Needs a full paint job. New Indica V2 DLS Cost of car - 3.5*2250*60 = 4,72,500 Mileage - 14kmpl ? Diesel for 5 years - 700*34*60/14 = 1,02,000 Maintenance - 7000 per year ? = 35,000 Resale value after 5 years - 1,00,000. Total over 5 years = 5,09,500 Cost of car calculation : 4L OTR - 50,000 (old Indica exchange) = 3.5 L. Loan EMI per month per lakh assumed 2250. Total cost = 3.5*2250*60. Haven't considered inflation of fuel prices as it would be approx similar for petrol and diesel. New Alto LXi Cost of car - 2.7*2250*60 = 3,64,500 Mileage - 14kmpl ? Petrol for 5 years - 700*49*60/14 = 1,50,000 Maintenance - 3000 per year ? = 15,000 Resale value after 5 years - 80,000. Total over 5 years = 4,49,500 Cost of car calculation: 3.2L OTR - 50,000 (old Indica exchange) = 2.7 L. Loan EMI per month per lakh assumed 2250. Total cost = 2.7*2250*60. # M800 not being considered as I'd like the AC to be at least as capable as the Alto. # Santro not considered, since petrol car ~ 4L OTR not making sense financially. # Xeta not being considered since petrol car ~3.5L & <14kmpl not making sense financially. # WagonR Duo not considered; LPG not available at all pumps. 4.2 OTR and overall cost is slightly more than the V2. # Selling the Indica and getting a used zen/alto/Indica diesel is something I have tried. It's very difficult to sell it independently in the market - no buyers. Hence seems I'll HAVE to go for a new car, 'coz then I'll be able to exchange the Indica. My decision will primarily be based on the money factor. I'd like to go for the cheapest option over 5 years. Hence would like to understand the monetary implications as accurately as possible. Queries - Is 1L over 5 years too high for a 6 year old Indica petrol maintenance costs ? - Can one expect a mileage of 14kmpl from a new Indica diesel ? - Can one expect a mileage of 14kmpl from a new Alto ? - Is 35000 too low a maintenance figure for an Indica diesel over 5 years ? - Is 15000 too low a maintenance figure for an Indica diesel over 5 years ? - Is the per Lakh emi around 2250 for 5 years ? Or is it more ? - Any other point that I have missed out which would have a monetary impact ? To conclude, considering my assumptions being more or less correct - Alto - I'll be spending 1.3 L extra for the Lxi; losing out on space & comfort for parents, but possibly the most hassle free and reliable option Indica DLS - I'll be spending 1.9 L extra; may not end up being used as much as a diesel should be; might end up spending more on maintenance than estimated in the long run; may also get a lemon if I'm unlucky ! Or should I stick to the Petrol Indica, give it a good servicing, a fresh coat of paint, nice wheels ? Last edited by shuvc : 5th February 2007 at 13:54. |
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5th February 2007, 13:45
| #2 |
| Senior - BHPian  Join Date: Oct 2004 Location: !!!!
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5th February 2007, 13:58
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| Senior - BHPian | Quote:
Edited and added reason for not considering WagonR in the original post. | |
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5th February 2007, 14:07
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| Senior - BHPian  | Quote:
Servicing: 5-6k (considering your description of the car's state) Suspension: 20k Pain Job: 20-30k (depending on quality & workshop used) This would jack up the car's price by about another 60k-odd. | |
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5th February 2007, 14:13
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| Senior - BHPian Join Date: Oct 2004 Location: !!!!
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5th February 2007, 14:25
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| Senior - BHPian | Quote:
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5th February 2007, 17:02
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5th February 2007, 17:25
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5th February 2007, 17:48
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| Senior - BHPian | Quote:
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Abhi Last edited by akroy : 5th February 2007 at 17:50. | |||
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5th February 2007, 17:49
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5th February 2007, 18:09
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5th February 2007, 20:18
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6th February 2007, 22:30
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7th February 2007, 00:19
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7th February 2007, 10:36
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