Team-BHP > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 29th November 2006, 05:15   #1
Senior - BHPian
 
mithun's Avatar
 
Join Date: Jan 2006
Location: Cochin
Posts: 2,099
Thanked: 159 Times
Default Is there any advantage in waiting for New Year to buy a car ?

If someone buys a car this December, when the time comes to sell it off it will be considered as a 2006 model by the prospective Indian buyer which will result in about atleast 10% losses for the seller when compared to a Jan 2007 model.

So is there any other advantages other than the slight increase of resale value in waiting for the New Year Eve to buy a new car ?


PS : I'm not talking about any new product launches; which may happen every now and then...
mithun is offline   (1) Thanks
Old 29th November 2006, 08:42   #2
Senior - BHPian
 
vikram_d's Avatar
 
Join Date: Jul 2006
Location: Bangalore
Posts: 2,407
Thanked: 1,074 Times
Default

Nope no other advantage. What you can do is to buy a car in December and drive it till January with a temporary registration and then get the final registration done. But besides the resale value no other advantage.
vikram_d is offline   (1) Thanks
Old 29th November 2006, 08:44   #3
Senior - BHPian
 
hydrashok's Avatar
 
Join Date: Aug 2006
Location: In my Office
Posts: 2,528
Thanked: 15 Times
Default

Nope. Other than the re-sale thing, nothing at all. The only other likely reason I can think of is some kind of new year offer or something, but this could be negated by possible rise in prices.
hydrashok is offline   (1) Thanks
Old 29th November 2006, 10:14   #4
Team-BHP Support
 
benbsb29's Avatar
 
Join Date: Nov 2006
Location: Brisbane
Posts: 8,937
Thanked: 6,537 Times
Default

With the impending price hike, as well as the change in car insurance amounts determination i guess it wud make sense in purchasing ur car now, rather than wait for the New Year.

Also, with this being the year end period, u can find many manufacturers and dealers floating quite some interesting offers.
benbsb29 is offline   (1) Thanks
Old 29th November 2006, 10:54   #5
Distinguished - BHPian
 
condor's Avatar
 
Join Date: Jun 2006
Location: Speed-brkr City
Posts: 12,586
Thanked: 7,709 Times
Default

The points have been said above: waiting for a Jan 2007 registration makes it a 2007 model. This does help in the re-sale value. Check out how long can you stretch the registration - if you can push it into the new year, without paying too much of addnl tax etc.

There could be some discounts in dec end. So, try to catch those. This has been my experience too: booked and took dely in end nov, and dec 2nd week they start a cool 25-45k discount.
condor is offline   (1) Thanks
Old 29th November 2006, 11:03   #6
Senior - BHPian
 
Surprise's Avatar
 
Join Date: Feb 2005
Location: Chennai
Posts: 2,477
Thanked: 396 Times
Default

Is the registration going to be in your individual name or in Company's name?

You get discounts upto 30-40k during year end, which will be compensated while selling your car. Either way its more or less the same.

Getting the car registered in 2007 has edge over taking it in Dec 06.
Surprise is online now   (1) Thanks
Old 29th November 2006, 11:22   #7
Team-BHP Support
 
benbsb29's Avatar
 
Join Date: Nov 2006
Location: Brisbane
Posts: 8,937
Thanked: 6,537 Times
Default

Quote:
There could be some discounts in dec end. So, try to catch those. This has been my experience too: booked and took dely in end nov, and dec 2nd week they start a cool 25-45k discount.
How true..!! The only thing one can do in such a case is sit n brood..
I bought my Flair in Oct, and towards the end of Nov, Ford gives first year insurance free on the Ikon. Well, cant complain too much.. i booked mine during the Dussehra period, and got a Blaupunkt MP3 player free.
benbsb29 is offline   (1) Thanks
Old 29th November 2006, 12:41   #8
Senior - BHPian
 
esteem_lover's Avatar
 
Join Date: Jul 2006
Location: Madras/Py
Posts: 7,555
Thanked: 459 Times
Default

yes, other than the resale value, there is no other great advantage. like vikram said you could get a temp regn now & get it regd in Jan 2007. that way, at least your car will have a 2007 regn.
esteem_lover is offline   (1) Thanks
Old 29th November 2006, 13:43   #9
BHPian
 
Join Date: Aug 2006
Location: BLR
Posts: 434
Thanked: 46 Times
Default it's advantages to buy at year end

With the fat discounts going around Diwali and extending into nov/dec, you gain more than buying in the new year.

The 30k-40k discounts on swift will be much more than the 10% loss in re-sale value 3 years down the line.
ownerofazkaban is offline   (1) Thanks
Old 29th November 2006, 14:58   #10
Senior - BHPian
 
rjstyles69's Avatar
 
Join Date: Sep 2006
Location: Bengalooru..
Posts: 4,341
Thanked: 817 Times
Default

Just the fact that , the car would have a 2007 registration on it.
rjstyles69 is offline   (1) Thanks
Old 29th November 2006, 16:24   #11
BHPian
 
Join Date: Oct 2004
Location: Pune
Posts: 297
Thanked: 89 Times
Default

I guess standard depreciation is calculated at 20% for the first year and 12% in subsequent years.

Pradeeo
Quote:
Originally Posted by mithun View Post
If someone buys a car this December, when the time comes to sell it off it will be considered as a 2006 model by the prospective Indian buyer which will result in about atleast 10% losses for the seller when compared to a Jan 2007 model.
pradkumar is offline   (1) Thanks
Old 29th November 2006, 18:09   #12
Senior - BHPian
 
msdivy's Avatar
 
Join Date: Aug 2006
Location: Bangalore
Posts: 1,632
Thanked: 1,616 Times
Default

If a car costs 10L in Dec 06, will it cost 8L in Jan 07 (20% depreciation)? I dont think so. Anyway, it makes sense to calculate the age of car in months.

Last edited by msdivy : 29th November 2006 at 18:12.
msdivy is offline  
Old 29th November 2006, 18:21   #13
BANNED
 
Join Date: Mar 2006
Location: India
Posts: 4,345
Thanked: 20 Times
Default

Quote:
Originally Posted by ownerofazkaban View Post
With the fat discounts going around Diwali and extending into nov/dec, you gain more than buying in the new year.

The 30k-40k discounts on swift will be much more than the 10% loss in re-sale value 3 years down the line.
That's the way bro!

When going for a new car it's better to buy just before new year.
But when you're going for a used car, it's better to buy after newyear begins. Because you can always bargain a bit more to say it's an older model.
speedzak is offline   (1) Thanks
Old 29th November 2006, 21:11   #14
Distinguished - BHPian
 
theMAG's Avatar
 
Join Date: May 2006
Location: Avon, CT
Posts: 7,162
Thanked: 1,698 Times
Default

Quote:
Originally Posted by mithun View Post
So is there any other advantages other than the slight increase of resale value in waiting for the New Year Eve to buy a new car ?


...
Sure, a very practical New Year's gift
theMAG is offline  
Old 30th November 2006, 02:13   #15
Max
BHPian
 
Join Date: Jun 2004
Location: Thane
Posts: 537
Thanked: 90 Times
Default

I say wait till Jan to buy a new car unless you have very specific reason to go for it. Its true buyers will consider it as 1 year old model even if you buy car on Dec 31.
Max is offline   (1) Thanks
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright 2000 - 2020, Team-BHP.com
Proudly powered by E2E Networks