Is there any advantage in waiting for New Year to buy a car ?

condor · 5th December 2006, 06:29

Wheeliej, would that be a ploy by the brokers to give you less? Wont be surprised if they had sold the same vehicle as a 3 year old, based on the date of registration.

One could always argue that the company didnt deliver it till Jan ..

Tech · 22nd December 2006, 20:27

Current Discounts of say 22000 + savings of say 15000 due to prices increases next year + increases in loan rates + increases in third party insurance and other costs will be much more than the resale differences after 4-5 yrs. Why pay 45,000 more today to save 10,000 after say 5 / 6 yrs.

Only catch points are - go for a new model and no resale plans in coming 5-6 yrs. For luxury cars, probably waiting for the next yr is a better idea.

GeekSrik · 23rd December 2006, 10:19

Well I m in the same dilemma as the original poster for this thread. I m thinking of buying a hyundai automatic for now. But the automatic is a guzzler of a car. Having said that I come to the same question as to whether buying it now is better or next year. I even spoke to hyundai about rising costs and stuff like that. However I wanted to make a note of these here as info for others if it may help

- if its a company leased car as in my case, company pays insurance irrespective of how much it costs
- if its company leased, i get 1/3rd of the money i spend as EMI, and on fuel bills (the emi here is a bit more than normal bank loans, and the fuel bills have a limit as to how much you can claim - i think its 20k km a yr)

the only catch is that I ve to stay in the company till my lease ends which might be a 3 yr or a 4 yr schedule as the case may be!

now this comes to a saving of 1 lakh almost on the On road price of say 4.75 lakhs as in my case (which means it ll come to 3.75), keeping all these discounts in mind.

now if you buy a car in this week by yourself (end dec) then you ll end up having a 20% depreciation on your car straightaway on jan 1, which means on an ex showroom price of say 4 lacs this amounts to 80k down so the value of car on jan 1 is 3.2 lacs!!

so its sensible seeing it either ways before making a decision. if you are spending money by yourself, and you want to keep the car for long (say 5+ years), and your yearly driving is about 10km, then buying it end december helps by reducing your input costs.

but please dont buy a car keeping these gimmicks of increased freight costs and stuff like that claimed by car companies. with more and more new models coming in, existing players will have to down the value of the car substantially in the coming year.

Sam Kapasi · 23rd December 2006, 12:36

Quote:

Originally Posted by mithun

Would you please explain what difference does the manufacturing date makes on a car as long as the manufacturers does not add any new features or change the engine specifications ?

So, if you are in the market for a second hand car, would you rather buy a dec 2003 car, or a jan 2004 model?

mithun · 27th December 2006, 06:28

The obsession of model year in India though is strange. Unlike in the west, where model years have a real, physical impact on the car itself; each manufacturer makes several changes to the model every year and for top-end cars model year differences can be substantial, including power and performance, styling, boot space etc.

In India models don’t change year on year. Also the real reason for the model year obsession abroad is the platform upgrades that companies carry out every year to keep models fresh.

In India, typically, a platform lasts relatively untouched for at least five years before the company carries out significant changes in it.

jkdas · 27th December 2006, 11:52

Quote:

Originally Posted by mithun

The obsession of model year in India though is strange. Unlike in the west, where model years have a real, physical impact on the car itself; each manufacturer makes several changes to the model every year and for top-end cars model year differences can be substantial, including power and performance, styling, boot space etc.

In India models don’t change year on year. Also the real reason for the model year obsession abroad is the platform upgrades that companies carry out every year to keep models fresh.

In India, typically, a platform lasts relatively untouched for at least five years before the company carries out significant changes in it.

they make several changes to a model every year? and then the real reason is 'platform upgrades' ??? hello!!!

DeepTrouble · 29th November 2007, 09:42

A colleague of mine and I are planning to buy an SX4 (each ;-)) on the company car lease scheme. Now, he was telling me that if we wait for just a month longer and get the car delivered in Jan 08 as opposed to getting it delivered in Dec 07, it makes a big difference when you are planning to sell it.

If I understand correctly, the manufacturing date is what one usually goes by when buying a used car, don't they? So, to really get a 2008 model how long would one have to wait?

Besides, does it matter?

Mod's Note: Please use the search feature to find a relevant open thread to post your query. There is no point in opening new threads again and again on the same old topics.

mithun · 1st December 2007, 06:43

Manufacturing date is not important. What it matters is the date on the RC book !

RMB · 3rd December 2007, 11:19

Hi Guys, Even I am in this problem now. I have booked a Swift VDi white in my home town last month and was supposed to get the vehicle in Jan or Feb 08. But someone cancelled the booking because they were expecting white and silver is being distpatched on 11th Dec. Since no one is buying this color, the dealer has offered me the car.

Should I go for it? (I am thinking of go for it as I have no problem with silver).

Also needed help on getting the car registered in Bangalore in Jan as I am thinking of getting it on Temp registration. Please let me know if you know any agents or contacts in R.T.nagar RTO.

carbhp · 18th October 2009, 16:32

I am planning to get an SUV, but found that it might take anywhere from 4-5 weeks which would be sometime middle of November and with in a month the SUV will be 1 year older. Decided to wait and buy 2010 SUV even if there is no new release.

Should I wait till 2010 ?

If I order end of November and delivery is starting/middle of Jan, would I get 2009 vehicle or 2010 ?

Thanks

McLaren Rulez · 18th October 2009, 16:50

Yep. Waiting makes sense if you're okay with it. Not sure about when you should place the order but try to a get a 2010 vehicle.

alexnazim · 18th October 2009, 18:29

Try booking in November/December for a 2010 model if your dealer lets you do that. That way you might get a good price along with good offers!

Having said that, it might not be possible to do so since they have to close their books for every year and publish their sales numbers. But if they let you do that nothing like it, worth a shot!

cooldude1988765 · 18th October 2009, 18:41

What suv are you going to buy ?

carbhp · 19th October 2009, 13:23

Most likely it will be a Scorpio. I will be opening a separate thread in a while once I start the process.

Thanks McLaren Rulez & alexnazim.

jacksons · 19th October 2009, 13:48

I think you should book it in December and take delivery in early Janaury, if you can get discount while its low season then it will be very good deal.
Last time my F.I.L. bought that way and saved quite a lot on SX4.

5th December 2006, 06:29	#31
condor Distinguished - BHPian Join Date: Jun 2006 Location: Speed-brkr City Posts: 15,864 Thanked: 16,016 Times View My Garage	Wheeliej, would that be a ploy by the brokers to give you less? Wont be surprised if they had sold the same vehicle as a 3 year old, based on the date of registration. One could always argue that the company didnt deliver it till Jan ..
	() Thanks

22nd December 2006, 20:27	#32
Tech BHPian Join Date: Apr 2006 Location: India Posts: 216 Thanked: 20 Times	Current Discounts of say 22000 + savings of say 15000 due to prices increases next year + increases in loan rates + increases in third party insurance and other costs will be much more than the resale differences after 4-5 yrs. Why pay 45,000 more today to save 10,000 after say 5 / 6 yrs. Only catch points are - go for a new model and no resale plans in coming 5-6 yrs. For luxury cars, probably waiting for the next yr is a better idea.
	() Thanks

23rd December 2006, 10:19	#33
GeekSrik Senior - BHPian Join Date: Apr 2006 Location: Bangalore Posts: 1,281 Thanked: 22 Times View My Garage	Well I m in the same dilemma as the original poster for this thread. I m thinking of buying a hyundai automatic for now. But the automatic is a guzzler of a car. Having said that I come to the same question as to whether buying it now is better or next year. I even spoke to hyundai about rising costs and stuff like that. However I wanted to make a note of these here as info for others if it may help - if its a company leased car as in my case, company pays insurance irrespective of how much it costs - if its company leased, i get 1/3rd of the money i spend as EMI, and on fuel bills (the emi here is a bit more than normal bank loans, and the fuel bills have a limit as to how much you can claim - i think its 20k km a yr) the only catch is that I ve to stay in the company till my lease ends which might be a 3 yr or a 4 yr schedule as the case may be! now this comes to a saving of 1 lakh almost on the On road price of say 4.75 lakhs as in my case (which means it ll come to 3.75), keeping all these discounts in mind. now if you buy a car in this week by yourself (end dec) then you ll end up having a 20% depreciation on your car straightaway on jan 1, which means on an ex showroom price of say 4 lacs this amounts to 80k down so the value of car on jan 1 is 3.2 lacs!! so its sensible seeing it either ways before making a decision. if you are spending money by yourself, and you want to keep the car for long (say 5+ years), and your yearly driving is about 10km, then buying it end december helps by reducing your input costs. but please dont buy a car keeping these gimmicks of increased freight costs and stuff like that claimed by car companies. with more and more new models coming in, existing players will have to down the value of the car substantially in the coming year.
	() Thanks

27th December 2006, 06:28	#35
mithun BANNED Join Date: Jan 2006 Location: Cochin Posts: 2,195 Thanked: 268 Times	The obsession of model year in India though is strange. Unlike in the west, where model years have a real, physical impact on the car itself; each manufacturer makes several changes to the model every year and for top-end cars model year differences can be substantial, including power and performance, styling, boot space etc. In India models don’t change year on year. Also the real reason for the model year obsession abroad is the platform upgrades that companies carry out every year to keep models fresh. In India, typically, a platform lasts relatively untouched for at least five years before the company carries out significant changes in it.
	() Thanks

29th November 2007, 09:42	#37
DeepTrouble Newbie Join Date: Aug 2005 Location: Bangalore, IN Posts: 16 Thanked: 5 Times	Buy a car in Dec 07 or in Jan 08? A colleague of mine and I are planning to buy an SX4 (each ;-)) on the company car lease scheme. Now, he was telling me that if we wait for just a month longer and get the car delivered in Jan 08 as opposed to getting it delivered in Dec 07, it makes a big difference when you are planning to sell it. If I understand correctly, the manufacturing date is what one usually goes by when buying a used car, don't they? So, to really get a 2008 model how long would one have to wait? Besides, does it matter? Mod's Note: Please use the search feature to find a relevant open thread to post your query. There is no point in opening new threads again and again on the same old topics.
	() Thanks

1st December 2007, 06:43	#38
mithun BANNED Join Date: Jan 2006 Location: Cochin Posts: 2,195 Thanked: 268 Times	Manufacturing date is not important. What it matters is the date on the RC book !
	() Thanks

3rd December 2007, 11:19	#39
RMB BHPian Join Date: May 2007 Location: Bangalore Posts: 47 Thanked: 7 Times	Hi Guys, Even I am in this problem now. I have booked a Swift VDi white in my home town last month and was supposed to get the vehicle in Jan or Feb 08. But someone cancelled the booking because they were expecting white and silver is being distpatched on 11th Dec. Since no one is buying this color, the dealer has offered me the car. Should I go for it? (I am thinking of go for it as I have no problem with silver). Also needed help on getting the car registered in Bangalore in Jan as I am thinking of getting it on Temp registration. Please let me know if you know any agents or contacts in R.T.nagar RTO.
	() Thanks

18th October 2009, 16:32	#40
carbhp BHPian Join Date: Oct 2009 Location: Chennai Posts: 120 Thanked: 16 Times	Planning to get SUV, should I wait till 2010 ? I am planning to get an SUV, but found that it might take anywhere from 4-5 weeks which would be sometime middle of November and with in a month the SUV will be 1 year older. Decided to wait and buy 2010 SUV even if there is no new release. Should I wait till 2010 ? If I order end of November and delivery is starting/middle of Jan, would I get 2009 vehicle or 2010 ? Thanks
	() Thanks

18th October 2009, 16:50	#41
McLaren Rulez Senior - BHPian Join Date: Dec 2007 Location: Mysore Posts: 3,390 Thanked: 5,107 Times	Yep. Waiting makes sense if you're okay with it. Not sure about when you should place the order but try to a get a 2010 vehicle.
	() Thanks

18th October 2009, 18:29	#42
alexnazim BHPian Join Date: Dec 2005 Location: New Delhi Posts: 90 Thanked: 0 Times	Try booking in November/December for a 2010 model if your dealer lets you do that. That way you might get a good price along with good offers! Having said that, it might not be possible to do so since they have to close their books for every year and publish their sales numbers. But if they let you do that nothing like it, worth a shot!
	() Thanks

18th October 2009, 18:41	#43
cooldude1988765 Senior - BHPian Join Date: Feb 2006 Location: Bangalore Posts: 1,042 Thanked: 194 Times	What suv are you going to buy ?
	() Thanks

19th October 2009, 13:23	#44
carbhp BHPian Join Date: Oct 2009 Location: Chennai Posts: 120 Thanked: 16 Times	Most likely it will be a Scorpio. I will be opening a separate thread in a while once I start the process. Thanks McLaren Rulez & alexnazim.
	() Thanks

19th October 2009, 13:48	#45
jacksons BANNED Join Date: Oct 2009 Location: New Delhi Posts: 362 Thanked: 67 Times	I think you should book it in December and take delivery in early Janaury, if you can get discount while its low season then it will be very good deal. Last time my F.I.L. bought that way and saved quite a lot on SX4.
	() Thanks