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

mithun · 29th November 2006, 05:15

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...

vikram_d · 29th November 2006, 08:42

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.

hydrashok · 29th November 2006, 08:44

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.

benbsb29 · 29th November 2006, 10:14

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.

condor · 29th November 2006, 10:54

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.

Surprise · 29th November 2006, 11:03

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.

benbsb29 · 29th November 2006, 11:22

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.

esteem_lover · 29th November 2006, 12:41

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.

ownerofazkaban · 29th November 2006, 13:43

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.

rjstyles69 · 29th November 2006, 14:58

Just the fact that , the car would have a 2007 registration on it.

pradkumar · 29th November 2006, 16:24

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

Pradeeo

Quote:

Originally Posted by mithun

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.

msdivy · 29th November 2006, 18:09

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.

speedzak · 29th November 2006, 18:21

Quote:

Originally Posted by ownerofazkaban

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.

theMAG · 29th November 2006, 21:11

Quote:

Originally Posted by mithun

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

Max · 30th November 2006, 02:13

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.

29th November 2006, 05:15	#1
mithun BANNED Join Date: Jan 2006 Location: Cochin Posts: 2,195 Thanked: 268 Times	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...
	(1) Thanks

29th November 2006, 08:42	#2
vikram_d Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,427 Thanked: 1,185 Times	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.
	(1) Thanks

29th November 2006, 08:44	#3
hydrashok Senior - BHPian Join Date: Aug 2006 Location: In my Office Posts: 2,528 Thanked: 17 Times View My Garage	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.
	(1) Thanks

29th November 2006, 10:14	#4
benbsb29 Team-BHP Support Join Date: Nov 2006 Location: Brisbane Posts: 9,969 Thanked: 13,232 Times View My Garage	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.
	(1) Thanks

29th November 2006, 10:54	#5
condor Distinguished - BHPian Join Date: Jun 2006 Location: Speed-brkr City Posts: 15,864 Thanked: 16,018 Times View My Garage	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.
	(1) Thanks

29th November 2006, 11:03	#6
Surprise Senior - BHPian Join Date: Feb 2005 Location: Chennai Posts: 2,523 Thanked: 454 Times	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.
	(1) Thanks

29th November 2006, 12:41	#8
esteem_lover Senior - BHPian Join Date: Jul 2006 Location: Madras/Py Posts: 7,556 Thanked: 502 Times View My Garage	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.
	(1) Thanks

29th November 2006, 13:43	#9
ownerofazkaban BHPian Join Date: Aug 2006 Location: BLR Posts: 456 Thanked: 80 Times View My Garage	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.
	(1) Thanks

29th November 2006, 14:58	#10
rjstyles69 Senior - BHPian Join Date: Sep 2006 Location: Bengalooru.. Posts: 4,343 Thanked: 842 Times View My Garage	Just the fact that , the car would have a 2007 registration on it.
	(1) Thanks

29th November 2006, 18:09	#12
msdivy Senior - BHPian Join Date: Aug 2006 Location: Bangalore Posts: 1,815 Thanked: 2,826 Times	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.
	() Thanks

30th November 2006, 02:13	#15
Max BHPian Join Date: Jun 2004 Location: Thane Posts: 538 Thanked: 98 Times View My Garage	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.
	(1) Thanks