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Good news for those who are looking to trade their Santro or Honda City, they are favorites at the Mahindra Firstchoice Wheels! Read On!
Quote:
'The Hyundai Santro and Honda City from the B and C segments lead the sales at the multi-brand outlets of Mahindra FirstChoice Wheels (MFCW). These outlets display a variety of car models unlike the exclusive OE brand pre-owned car outlets, ranging from a Nano to a BMW 5-series or an Audi A4.
Among the key parameters driving car sales are the quality of drive experience, resale value of the car, cabin space, engine power, safety of driver and passengers with car prices kicking off from Rs 1 lakh and going upwards to Rs 7 lakh for an entry level BMW, Mercedes-Benz or an Audi. However, luxury cars constitute just about three percent of total sales of an MFCW outlet. While a used Santro can be bought at Rs 1 to Rs 3 lakh depending on its age and mileage, a Honda City can be sourced at Rs 3.5 to 4 lakh compared to a new City that carries a price tag of Rs 7 lakh.
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Source & Full Article
Indeed a good news. Thanks for bringing-in Vinair.
But - isn't the Hyundai & Honda will give better pricing - if you are planning to buy the new vehicle from the same Dealer ?. Isn't something called Exchange Bonus - which is over & above the price ?.
That's good news. I recently got a quote 70k for my Santro from a Toyota dealer. At this price, I would spend on the new tyres, a few repairs and touchups and with about 20k spent on the car, drive it for another three to four years!
I shall sound out the MFC guys now, too!
Where is Swift, Dzire, Indica in the list.
I assume 800 will be not in the radar anymore looking at the current first hand sales!
The fact that these cars lead the charts imply - they are the ones being sold off the most! If they are top selling; it means, owners of City are selling off their cars the most.
I understand why City is a hot favorite - petrol price et al, wonder why Santro has topped the pack.
Quote:
Originally Posted by libranof1987
(Post 2731741)
The fact that these cars lead the charts imply - they are the ones being sold off the most! If they are top selling; it means, owners of City are selling off their cars the most.
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Not sure, if that logic is correct. Except for those who buy them for the sheer love it, majority buy a car keeping the re-sale in mind. So if the city if being sold more, it means it is also being bought more (look at the monthly sales of city, there is no other petrol sedan even close to it). Its natural that after a few years it will land up at the hammer. This indicates a healthy cycle for the car.
if you see the rate at which an Alto gets a new home (from a dealer in Bangalore) its less than 2 weeks (average). Does it mean it gets just offloaded by their owners, not so.
Quote:
Originally Posted by libranof1987
(Post 2731741)
wonder why Santro has topped the pack.
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It's truly a VFM car, which is what the used car buyers like to search for. Low cost of maintenance, very spacious, good seating position and overall view, good for elders as they don't have to 'sit down'.
Quote:
Originally Posted by vinair
(Post 2731298)
Good news for those who are looking to trade their Santro or Honda City, they are favorites at the Mahindra Firstchoice Wheels! Read On!
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This has been the trait since long. Primary reasons being.
- Reliability
- Fuel Efficiency
- Comfort
- Ease of Maintenance
- Practicality.
- Ages properly.
Any car, that offers these scores high in the used car market.
Quote:
Originally Posted by Ashley2
(Post 2731723)
Where is Swift, Dzire, Indica in the list.
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Well.. going by the market, I guess Swift and Dzire owners dont part their cars easily, add to that, the nine-ten month waiting periods, and hence the extremely high(outrageous) resale.
certainly interesting news.
Also, something that will make the City a hot fav is the recent price cuts on the 2012 Honda City. So prices of used cars also drop.
Quote:
Originally Posted by libranof1987
(Post 2731741)
I understand why City is a hot favorite - petrol price et al, wonder why Santro has topped the pack.
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From my experience, I confidently tell, its a true value for money car (if you run less than 1000km a month). The value for money (VFM) is a trade off between the total benefits and total cost of ownership (TCO).
Total cost of ownership for a car - Vehicle cost + Maintenance Cost + Fuel Costs + Miscellaneous costs (Tax, Insurance, Tolls, Parking charges etc)
Last two factors, we cant help out but the vehicle cost is reasonable and affordable, especially for middle class Indian customers. Regrading maintenance, it is expensive than Maruthi equivalents but the important fact is the number of failures and cycle of maintenance, which I seen low in Santro - at least it don't make repeated problems, once corrected.
The benefits are:
a. true hassle free car - there is a very low probability that you will make a distress call (I never had one till today). This is very important when you are in a highway,especially with your family.
b. good service network
c. driving comfort - good seating position, road handling & feedback, good visibility (even rear view), torque in low speeds
d. Space - Good space - front, rear & boot. Its not cramped like many new modern cars (Astar, Beat, i10, Swift)
e. Power - sufficient power with AC, but obviously its not a peppy car
f. Quality - Hyundai quality (from engine to body to dashboard) is much better than many other competitors
All these gives you a peace of mind.
The only area where Santro is weak is - fuel efficiency (12-13km/l in city) compared to many new modern small cars. One of the reason is it uses a 1100 4 cylinder engine and uses Hydraulic power steering which sucks engine power.
Also the back seat comfort is not good for long drives.
I driven many other cars in B, B+ & C segments, but while driving a Santro, you will feel as a "king in the road"
One caution : Avoid buying 2004 model Santro Xings -as one of the batch have a weak crankshaft problem. (you will have many treads in this matter in Teambhp).
Just Curious
What would be the resale value of reasonable maintained 2002 Santro (65,000 kms done with entire suspension overhauled at 50,000 kms)
Im looking to upgrade
Appreciate pointers
Hyundai Accent and Getz Petrol was also sold in good numbers very recently, in fact I picked my darling from here only. I still wonder why the first owner sold such a beautiful car. The price difference between a used Accent/Getz and a Santro/Alto is very marginal in used car market. Mahindra first choice provide good discounts also to end buyers.
Quote:
'The Hyundai Santro and Honda City from the B and C segments lead the sales at the multi-brand outlets of Mahindra FirstChoice Wheels (MFCW).
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I Never knew that Hyundai Santro belonged to B segment.
One more reason to not to buy/follow AutocarIndia magazine.
Honda City prices have dropped significantly in the last few months - Just sold off my 2005 City for 2.8L in Delhi a few days back and that's the best I could manage after 2 months of 'aggressive' selling.
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