A used (1,500 kms run) VW Polo?

nayaksrinivasv · 26th June 2010, 12:48

Hello TeamBHP,

Some one is offering me a used(Mileage 1500 Kms) Polo CL for 5.5 due to some financial constraints. He is asking 5.5 Lakhs since there is a long wait list on the car. Suggest if this is the good price. I think If I buy it I will lose lot of money when I sell it being a second owner.

Thanks and regards,

Srinivas

AvonA7 · 26th June 2010, 13:45

Polo CL on-road Pune is 554845/-. Why buy a pre-owned car for the same price?

Do you need a car now only? Are you looking at only Polo?
If your answer to either of the above 2 question is NO, then do not go for it. There are many other options available in market within same price range.

Reselling would depend on the condition/mileage of the car when you sell it and how you sell it (direct or through agent), no. of owners in this case with only 1500km won`t matter much.

MutantX · 26th June 2010, 15:39

Ask for 4.75L - 5L. This is the best price that can be offered for the used Polo.

sachinj12 · 27th June 2010, 12:04

As a thumb rule around 15-20% of initial value is lost the moment you drive out of the showroom. As someone said, ask for 4.5 or in the whereabouts, else say good bye.

jatinpatel · 27th June 2010, 12:15

Post deleted by the Team-BHP Support : One-liners that add ZERO value to the thread are strictly prohibited on Team-BHP. In fact, they are considered as SPAM. Please do not hit the post submit button unless you have something of value to add to the thread.

We advise you to visit our board rules before proceeding any further.

thedreamcatcher · 27th June 2010, 12:17

Even if he has not even driven the car, it loses 20% the second the car comes out of the showroom.

Just because a car has a waiting period for a longer time, does not mean that it can be sold for a high price.

If you are in no hurry, go get a new one from the showroom. If you are in a hurry, fnd another car or a variant that you can get fast

You really never know what could be the real problem with the car. And for a margin so thing, it is not worth it

manikjeet · 27th June 2010, 15:56

max should be around 4.5lacs as you would be the second owner

joe1980 · 27th June 2010, 15:59

I remember somewhere seeing a thread that calculates the depreciation value for a car. I do not quite remember the numbers just apart from one thing is that the car looses 10% of its OTR price as soon as it is taken out of the showroom.

Guna · 27th June 2010, 17:17

You are right, when you sell it eventually will loose some 20-30 k simply because you are not the first owner. 10% depreciation is fair and he should not be expecting the showroom price for his car. In any case he would be under pressure to sell and should come down to realistic price.

sukrit7 · 27th June 2010, 18:16

don't pay anything more than 4.75 lakhs.

when you sell it the buyer will be the 3rd owner and you will lose a massive amount then.

arun687 · 28th June 2010, 01:53

I don't think anyone should pay more than 4.5L for the car. Anything more is not worth it IMO, when you can get a brand new Polo CL for slightly more amount, even with a big waiting period it's still worth it.

Amartya · 28th June 2010, 07:53

Do not buy that car for the amount quoted. Liked many on the forum have opined, I think it is important to bring the price down to 4.75 lakhs. Now that is a pretty good deal.

The reason why I insist upon a lower price has more to do with the car itself, than the hit in resale value. Let me explain, a car that has run 1500kms, has almost been run-in. In a new car, YOU get to control the running in preocedure, but in this, it's already done.

However, I would still say, if you can get it for 4.75, grab it. It's a great deal.

MihirC · 28th June 2010, 15:35

If 50-75k is not a a problem for you I would recommend to go for a new car. No point buying it just because you are getting a discount. Try and find out if finance is the only reason to sell off the new car, any manufacturing defects /niggles might also be a reason.

Vroom barabar! · 5th September 2010, 16:57

If it is a trusted source, then i dont think you should worry about any faults or manufacturing defects on the car. But IMO it will be a great deal at 4.5 lakhs!

Rovergen · 5th September 2010, 21:16

If you have cash then IMO you should go for it ,75K that you save can be used to run the car for one year or more , but if you plan to take more than 50% of the asking price as loan then the economics do not permit , new car intrest rate is around 8 to 11% , used one starts at 12 goes up to 17% ..so you would end up paying more than what you saved initially , down south VW is not giving any significant discounts to discuss .

26th June 2010, 12:48	#1
nayaksrinivasv BHPian Join Date: Jun 2010 Location: Pune Posts: 36 Thanked: 3 Times	A used (1,500 kms run) VW Polo? Hello TeamBHP, Some one is offering me a used(Mileage 1500 Kms) Polo CL for 5.5 due to some financial constraints. He is asking 5.5 Lakhs since there is a long wait list on the car. Suggest if this is the good price. I think If I buy it I will lose lot of money when I sell it being a second owner. Thanks and regards, Srinivas
	() Thanks

26th June 2010, 13:45	#2
AvonA7 BHPian Join Date: Jun 2010 Location: India Posts: 674 Thanked: 150 Times	Polo CL on-road Pune is 554845/-. Why buy a pre-owned car for the same price? Do you need a car now only? Are you looking at only Polo? If your answer to either of the above 2 question is NO, then do not go for it. There are many other options available in market within same price range. Reselling would depend on the condition/mileage of the car when you sell it and how you sell it (direct or through agent), no. of owners in this case with only 1500km won`t matter much.
	() Thanks

26th June 2010, 15:39	#3
MutantX BHPian Join Date: Sep 2009 Location: Madras Posts: 868 Thanked: 93 Times View My Garage	Ask for 4.75L - 5L. This is the best price that can be offered for the used Polo.
	() Thanks

27th June 2010, 12:04	#4
sachinj12 Senior - BHPian Join Date: Nov 2009 Location: Los Angeles Posts: 1,187 Thanked: 168 Times	As a thumb rule around 15-20% of initial value is lost the moment you drive out of the showroom. As someone said, ask for 4.5 or in the whereabouts, else say good bye.
	() Thanks

27th June 2010, 12:15	#5
jatinpatel BHPian Join Date: Jun 2010 Location: Mumbai Posts: 610 Thanked: 196 Times View My Garage	Post deleted by the Team-BHP Support : One-liners that add ZERO value to the thread are strictly prohibited on Team-BHP. In fact, they are considered as SPAM. Please do not hit the post submit button unless you have something of value to add to the thread. We advise you to visit our board rules before proceeding any further. Last edited by GTO : 28th June 2010 at 16:25.
	() Thanks $Received Infraction$

27th June 2010, 12:17	#6
thedreamcatcher Senior - BHPian Join Date: Mar 2009 Location: Dubai Posts: 1,204 Thanked: 66 Times View My Garage	Even if he has not even driven the car, it loses 20% the second the car comes out of the showroom. Just because a car has a waiting period for a longer time, does not mean that it can be sold for a high price. If you are in no hurry, go get a new one from the showroom. If you are in a hurry, fnd another car or a variant that you can get fast You really never know what could be the real problem with the car. And for a margin so thing, it is not worth it
	() Thanks

27th June 2010, 15:56	#7
manikjeet Senior - BHPian Join Date: Sep 2006 Location: chandigarh Posts: 1,618 Thanked: 295 Times View My Garage	max should be around 4.5lacs as you would be the second owner
	() Thanks

27th June 2010, 15:59	#8
joe1980 BHPian Join Date: Jan 2010 Location: Andromeda Posts: 336 Thanked: 155 Times	I remember somewhere seeing a thread that calculates the depreciation value for a car. I do not quite remember the numbers just apart from one thing is that the car looses 10% of its OTR price as soon as it is taken out of the showroom.
	() Thanks

27th June 2010, 17:17	#9
Guna Senior - BHPian Join Date: Nov 2007 Location: Bangalore Posts: 4,010 Thanked: 4,202 Times	You are right, when you sell it eventually will loose some 20-30 k simply because you are not the first owner. 10% depreciation is fair and he should not be expecting the showroom price for his car. In any case he would be under pressure to sell and should come down to realistic price.
	() Thanks

27th June 2010, 18:16	#10
sukrit7 BHPian Join Date: Feb 2007 Location: delhi Posts: 722 Thanked: 185 Times	don't pay anything more than 4.75 lakhs. when you sell it the buyer will be the 3rd owner and you will lose a massive amount then.
	() Thanks

28th June 2010, 01:53	#11
arun687 BHPian Join Date: May 2010 Location: Mumbai Posts: 80 Thanked: 34 Times	I don't think anyone should pay more than 4.5L for the car. Anything more is not worth it IMO, when you can get a brand new Polo CL for slightly more amount, even with a big waiting period it's still worth it.
	() Thanks

28th June 2010, 07:53	#12
Amartya Senior - BHPian Join Date: Mar 2008 Location: Evanston Posts: 1,748 Thanked: 736 Times	Do not buy that car for the amount quoted. Liked many on the forum have opined, I think it is important to bring the price down to 4.75 lakhs. Now that is a pretty good deal. The reason why I insist upon a lower price has more to do with the car itself, than the hit in resale value. Let me explain, a car that has run 1500kms, has almost been run-in. In a new car, YOU get to control the running in preocedure, but in this, it's already done. However, I would still say, if you can get it for 4.75, grab it. It's a great deal.
	() Thanks

28th June 2010, 15:35	#13
MihirC BHPian Join Date: Nov 2009 Location: Mumbai Posts: 534 Thanked: 71 Times	If 50-75k is not a a problem for you I would recommend to go for a new car. No point buying it just because you are getting a discount. Try and find out if finance is the only reason to sell off the new car, any manufacturing defects /niggles might also be a reason.
	() Thanks

5th September 2010, 16:57	#14
Vroom barabar! BHPian Join Date: Feb 2010 Location: New Delhi Posts: 75 Thanked: 53 Times	If it is a trusted source, then i dont think you should worry about any faults or manufacturing defects on the car. But IMO it will be a great deal at 4.5 lakhs!
	() Thanks

5th September 2010, 21:16	#15
Rovergen BHPian Join Date: Aug 2009 Location: Bangalore Posts: 122 Thanked: 37 Times	If you have cash then IMO you should go for it ,75K that you save can be used to run the car for one year or more , but if you plan to take more than 50% of the asking price as loan then the economics do not permit , new car intrest rate is around 8 to 11% , used one starts at 12 goes up to 17% ..so you would end up paying more than what you saved initially , down south VW is not giving any significant discounts to discuss .
	() Thanks