Advice on getting a better deal - i10

jinu_joseph · 18th June 2009, 11:10

Hi Folks

Need your advice on whether i can get a better deal. I am planning to buy a i10-Magna. the dealer i am in talks with is Modi Hyundai, Thane. He has offered me the following deal

On Road Price (For Mumbai) - 4,66,505
Cash Discount - 20,000
Corporate Disc - 4,000
Accessories - Mud flaps and floor mats.

They are saying this is the best available. Do you think i can get a better deal.

jinu_joseph · 18th June 2009, 16:34

Anybody.. any advice

Vid6639 · 18th June 2009, 16:40

I just read some free insurance for 1st year on i10 apart from discount.

Technocrat · 18th June 2009, 16:50

You can haggles for more accessories like seat covers, spoiler, stereo, central locking etc(ofcourse not all of them

)

My cousin bought the 1.2 Magna twomonths back & he got following free accessories.
- Spoiler
- Seat Covers
- Matting & mud flaps
- Centra locking with remote

He too got some 4k discount plus free insurance.

pulsar56 · 18th June 2009, 16:54

Check out this thread:
http://www.team-bhp.com/forum/test-d...omes-home.html

Should inspire you on how to squeeze out freebies from the dealer!

jinu_joseph · 18th June 2009, 18:56

Thanks for the inputs guys.. I will ask for more accessories Lets see how it goes.

kiren · 21st June 2009, 22:12

Quote:

Originally Posted by jinu_joseph

Hi Folks

Need your advice on whether i can get a better deal. I am planning to buy a i10-Magna. the dealer i am in talks with is Modi Hyundai, Thane. He has offered me the following deal

On Road Price (For Mumbai) - 4,66,505
Cash Discount - 20,000
Corporate Disc - 4,000
Accessories - Mud flaps and floor mats.

They are saying this is the best available. Do you think i can get a better deal.

Try Sharayu motors Jogeswari you will get the best offer. I have got for my Getz which no one had offered.

kiran

rohitv122 · 10th July 2009, 18:25

I see that you have a similar deal that was offered to me by the Trident Hyundai at bangalore for the i10 Magna

On Road Price (For Bangalore) N M - 465,893
On Road Price (For Bangalore) Met- 469,947
Free insurance - 13,854 for N M
Free insurance - 13,968 for Met
Corporate Disc - 4,000
Accessories - Mud flaps and floor mats.
Plus - Hyundai's Autocop worth 3,000.

Let me tell you something, the sales guy at my place has been a friend who informed me that the margins that they keep for now is just 2,000 for an 110, but make money during the service period.

sb1 · 12th July 2009, 00:15

I have been trying to buy a i10 Magna/sport from the last month.I had got some gr8 discounts in the month of May to the range of 29 K cash , plus accessories like matting, mud flap, taflon coating , antirust underbody paint , keyless entry with engine immobilizer , art leather seat cover.

But now when I have decided to get one, all the dealers have informed me that Hyundai has put strict norms to standardize the discounts the dealers offer , to create a level playing ground for all dealers.So dealers are merely offering cash discounts of 1st year insurance + 4k corp discount + Third year warrantly, thats it.

I think you will face some challanges to get a good deal , the best that you can do is to check out all the dealers in your city and broker best deal out of them. There will be one who will surely offer a little extra... All the best.

loving_alaap · 12th July 2009, 23:31

Quote:

Originally Posted by rohitv122

Let me tell you something, the sales guy at my place has been a friend who informed me that the margins that they keep for now is just 2,000 for an 110, but make money during the service period.

Only 2000 rs margin on i10 for a dealer!!!!

I dont think so.

Mods or experts can better comment on this.

shuvadips · 13th July 2009, 19:19

In Bangalore a salesman in Advaith and Trident Hyundai gets Rs 800 to Rs 1000 selling 1 car, so the margins cannot be so less.

Also say a big dealer sells 50 cars a day that means that if the margin is only 2k the onwers profit is 1,00,000(1 lakh). This would be too less for him to maintain his business.

rohitv122 · 15th July 2009, 02:31

This is where the question arises to everyone is'nt it. Only 2000 Rs (The i10 Sale Margin).
As per my friend at Hyundai the Money margin is not during the sales, but the A.S.S.

Rehaan · 15th July 2009, 03:25

Quote:

Originally Posted by rohitv122

....Only 2000 Rs (The i10 Sale Margin)....

Hah. No way.

Heres a nice thread which will give you an idea of dealer margins (atleast back in 2004) in a nice spreadsheet format

http://www.team-bhp.com/forum/indian...ake-money.html

cya
R

sanagg1 · 15th July 2009, 07:25

Nice bit of information. Can we expect some update on the figures mentioned in the sheet. This can give us a fair amount of idea to the magnitude of bargain
cheers

18th June 2009, 11:10	#1
jinu_joseph BHPian Join Date: Aug 2006 Location: Mumbai Posts: 426 Thanked: 199 Times	Advice on getting a better deal - i10 Hi Folks Need your advice on whether i can get a better deal. I am planning to buy a i10-Magna. the dealer i am in talks with is Modi Hyundai, Thane. He has offered me the following deal On Road Price (For Mumbai) - 4,66,505 Cash Discount - 20,000 Corporate Disc - 4,000 Accessories - Mud flaps and floor mats. They are saying this is the best available. Do you think i can get a better deal.
	() Thanks

18th June 2009, 16:34	#2
jinu_joseph BHPian Join Date: Aug 2006 Location: Mumbai Posts: 426 Thanked: 199 Times	Anybody.. any advice
	() Thanks

18th June 2009, 16:40	#3
Vid6639 Team-BHP Support Join Date: Jul 2006 Location: Bangalore Posts: 17,757 Thanked: 43,811 Times View My Garage	I just read some free insurance for 1st year on i10 apart from discount.
	() Thanks

18th June 2009, 16:50	#4
Technocrat Senior - BHPian Join Date: Feb 2004 Location: GTA Posts: 14,815 Thanked: 2,702 Times	You can haggles for more accessories like seat covers, spoiler, stereo, central locking etc(ofcourse not all of them ) My cousin bought the 1.2 Magna twomonths back & he got following free accessories. - Spoiler - Seat Covers - Matting & mud flaps - Centra locking with remote He too got some 4k discount plus free insurance.
	() Thanks

18th June 2009, 16:54	#5
pulsar56 Senior - BHPian Join Date: Oct 2008 Location: Sydney Posts: 1,174 Thanked: 342 Times View My Garage	Check out this thread: http://www.team-bhp.com/forum/test-d...omes-home.html Should inspire you on how to squeeze out freebies from the dealer!
	() Thanks

18th June 2009, 18:56	#6
jinu_joseph BHPian Join Date: Aug 2006 Location: Mumbai Posts: 426 Thanked: 199 Times	Thanks for the inputs guys.. I will ask for more accessories Lets see how it goes.
	() Thanks

10th July 2009, 18:25	#8
rohitv122 BHPian Join Date: Apr 2007 Location: bangalore Posts: 22 Thanked: 0 Times	I see that you have a similar deal that was offered to me by the Trident Hyundai at bangalore for the i10 Magna On Road Price (For Bangalore) N M - 465,893 On Road Price (For Bangalore) Met- 469,947 Free insurance - 13,854 for N M Free insurance - 13,968 for Met Corporate Disc - 4,000 Accessories - Mud flaps and floor mats. Plus - Hyundai's Autocop worth 3,000. Let me tell you something, the sales guy at my place has been a friend who informed me that the margins that they keep for now is just 2,000 for an 110, but make money during the service period.
	() Thanks

12th July 2009, 00:15	#9
sb1 Newbie Join Date: Jul 2009 Location: Kolkata Posts: 22 Thanked: Once	I have been trying to buy a i10 Magna/sport from the last month.I had got some gr8 discounts in the month of May to the range of 29 K cash , plus accessories like matting, mud flap, taflon coating , antirust underbody paint , keyless entry with engine immobilizer , art leather seat cover. But now when I have decided to get one, all the dealers have informed me that Hyundai has put strict norms to standardize the discounts the dealers offer , to create a level playing ground for all dealers.So dealers are merely offering cash discounts of 1st year insurance + 4k corp discount + Third year warrantly, thats it. I think you will face some challanges to get a good deal , the best that you can do is to check out all the dealers in your city and broker best deal out of them. There will be one who will surely offer a little extra... All the best.
	() Thanks

13th July 2009, 19:19	#11
shuvadips BHPian Join Date: Jul 2008 Location: New Delhi Posts: 134 Thanked: 23 Times	In Bangalore a salesman in Advaith and Trident Hyundai gets Rs 800 to Rs 1000 selling 1 car, so the margins cannot be so less. Also say a big dealer sells 50 cars a day that means that if the margin is only 2k the onwers profit is 1,00,000(1 lakh). This would be too less for him to maintain his business.
	() Thanks

15th July 2009, 02:31	#12
rohitv122 BHPian Join Date: Apr 2007 Location: bangalore Posts: 22 Thanked: 0 Times	This is where the question arises to everyone is'nt it. Only 2000 Rs (The i10 Sale Margin). As per my friend at Hyundai the Money margin is not during the sales, but the A.S.S.
	() Thanks

15th July 2009, 07:25	#14
sanagg1 BHPian Join Date: Apr 2009 Location: HIMALYAS Posts: 279 Thanked: 6 Times	Nice bit of information. Can we expect some update on the figures mentioned in the sheet. This can give us a fair amount of idea to the magnitude of bargain cheers
	() Thanks