Is this a Good time to buy the NHC, older model ?

esteem_lover · 18th November 2008, 12:04

Is this a Good time to buy the old NHC ?

I was at a Honda dealer in Bangalore a few days back on an official visit & the Finance Manager was saying that these old models were getting piled up in their yard.
The reason for that is because every time the dealer places order for 3 ANHCs, they are forced to take 6 (3x2) NHCs along with that. With the general slowdown worldwide, already their sales has plummeted from 500 cars a month to a meager 35-50 cars a month. Coupled with this, the company has chosen to launch the new model alongside the old one.

All these factors are forcing the dealerships to somehow get rid of the current stocks. I think this is the right time to bargain & get good deals, especially on the NHC.

So, is this a good time to buy the NHC for someone who has decided on it ?

nishantgandhi · 18th November 2008, 12:25

I would have thought the same as you, except the Company and dealers are not on the same wavelength. I haven't seen any jaw dropping offers other than 'JBL speakers and alloy wheels' offer.

Dream would be to see either a Civic Hybrid type of massive price cut in a day, or probably like Cielo's 1.2 lacs off a few years ago. Of course, I am being a bit over ambitious here!

ecclipse78 · 18th November 2008, 12:27

My folks got an offer from Capital Honda just last week for the mid-level City (MT) model with accessories like Alloys, an extended warranty etc.

All this was for 7.5 L on-road, Chennai.

esteem_lover · 18th November 2008, 12:30

Quote:

Originally Posted by ecclipse78

My folks got an offer from Capital Honda just last week for the mid-level City (MT) model with accessories like Alloys, an extended warranty etc.

All this was for 7.5 L on-road, Chennai.

This is what I am talking about. Wouldn't it be a steal at 7.5L or a Vtec at 8-8.2L ?

StarScream · 18th November 2008, 12:36

Quote:

Originally Posted by esteem_lover

Is this a Good time to buy the old NHC ?

I was at a Honda dealer in Bangalore a few days back on an official visit & the Finance Manager was saying that these old models were getting piled up in their yard.
The reason for that is because every time the dealer places order for 3 ANHCs, they are forced to take 6 (3x2) NHCs along with that. With the general slowdown worldwide, already their sales has plummeted from 500 cars a month to a meager 35-50 cars a month. Coupled with this, the company has chosen to launch the new model alongside the old one.

All these factors are forcing the dealerships to somehow get rid of the current stocks. I think this is the right time to bargain & get good deals, especially on the NHC.

So, is this a good time to buy the NHC for someone who has decided on it ?

Hi, yes I think it is a good time. Honda's hold their value quite well so even though it's an older model it should have decent resale. Also from what I was told by one dealer, the ANHC's fuel economy is a little worse than the i-DSI NHC. If that is the case then the NHC will continue to command good resale. Since you've decided on it, Im not going to get into pros and cons.
At this time, perhaps you can push the dealer to throw in extended warranty, alloy wheels and other such goodies for free. Very rarely do you have a Honda dealer at one's mercy!

iraghava · 18th November 2008, 12:38

If you're not worried about the resale & the fact that you'll be owning an older model, I would think it's not that bad a deal.

amitoj · 18th November 2008, 12:40

Quote:

Originally Posted by iraghava

If you're not worried about the resale & the fact that you'll be owning an older model, I would think it's not that bad a deal.

If the G3HC engine gives out less mileage than NHC, then for all you know, the resale value might not take that big a hit.

WhiteKnight · 18th November 2008, 12:45

Quote:

Originally Posted by esteem_lover

Wouldn't it be a steal at 7.5L or a Vtec at 8-8.2L ?

Well, if there is indeed an inventory pile up, dealers or Honda can't really do much evasive action. The prices you quote just brings NHC to the levels of Aveo/Fiesta/SX4-not much below it.

Bottom line is, the offer is still not attractive for me. How about 6 L on road?

CtrlAltDel · 18th November 2008, 13:03

u can buy a honda car anytime and never regret it. even discontinued models are highly regarded and enjoy good resale value.

and the icing on the cake is that you dont get to see a honda dealer on his knees every day

make the most of the opportunity!

Elito11 · 18th November 2008, 13:13

Quote:

Originally Posted by esteem_lover

So, is this a good time to buy the NHC for someone who has decided on it ?

Maybe Late December ?

Mounting inventories + end of the year could fetch much better deals.

I think NHC is an excellent buy as a city petrol car. Even when ANHC will be fully availaible, there will always be takers for the i-DSi powered NHC! and i see no problems with it on the resale front too.

A NHC GXi at anything below 7L on road will be a sweet deal.

Elito

esteem_lover · 18th November 2008, 15:29

Quote:

Originally Posted by iraghava

If you're not worried about the resale & the fact that you'll be owning an older model, I would think it's not that bad a deal.

Resale value is important Ishan. BTW, this is for a friend of mine.

Quote:

Originally Posted by WhiteKnight

Bottom line is, the offer is still not attractive for me. How about 6 L on road?

Aren't you asking for too much ? LOL, might as well come true.

Quote:

Originally Posted by Elito11

Maybe Late December ?

Mounting inventories + end of the year could fetch much better deals.

Elito

That makes a lot of sense. Thanks.

sam003 · 18th November 2008, 15:36

NHC Vtech has 85K discount today. and others as per Honda dealer they are giving Insurance free that's it. And you know what he said, " Bahut hai Sir"

karanraheja · 18th November 2008, 15:41

Quote:

Originally Posted by Elito11

Maybe Late December ?

Totally agree. Honda would try their best to clear the City ZX stock by December. Best thing to do would be wait & watch. I would suggest ask your friend to keep some track of inventory at the dealer. If he could buy one of the last few cars he could possibly fetch more discounts.

aaggoswami · 18th November 2008, 16:11

It looks like Honda has a lot of unsold G2HC.
This is not the best thing for anyone. First of all, the offer must be lower than 7.0 lakhs On Road pricing if they are really sincere in finishing the stock.

But for the buyer this is a good deal without doubt. If the idsi engined high end model is available for around 7 lakhs, its good VFM package.
The FE for this car is one of the best, and for resale, well, Honda cars generally depreciate less than other cars, so this must not be a really big issue.
Around Christmas newer deals will be coming. Wait till Christmas and you will see another around 20-30K reduced on the price of G2HC.

GTO · 18th November 2008, 19:20

I'd say it is a fantastic time to buy the NHC. Why?

1. Massive discounts are making it great value.

2. The ANHC is a fantastic car with its great looks & power. BUTTTTTTTTTTTTTT it is not a fitting replacement to the practical NHC. The NHC has better quality interiors, superior fuel efficiency, a higher (more comfortable) back seat and a price tag that is 1.5 lakhs lower.

I'd say anyone who is looking at a practical city car should definitely buy one of the last few NHCs available.

18th November 2008, 12:04	#1
esteem_lover Senior - BHPian Join Date: Jul 2006 Location: Madras/Py Posts: 7,556 Thanked: 502 Times View My Garage	Is this a Good time to buy the NHC, older model ? Is this a Good time to buy the old NHC ? I was at a Honda dealer in Bangalore a few days back on an official visit & the Finance Manager was saying that these old models were getting piled up in their yard. The reason for that is because every time the dealer places order for 3 ANHCs, they are forced to take 6 (3x2) NHCs along with that. With the general slowdown worldwide, already their sales has plummeted from 500 cars a month to a meager 35-50 cars a month. Coupled with this, the company has chosen to launch the new model alongside the old one. All these factors are forcing the dealerships to somehow get rid of the current stocks. I think this is the right time to bargain & get good deals, especially on the NHC. So, is this a good time to buy the NHC for someone who has decided on it ? Last edited by esteem_lover : 18th November 2008 at 12:05.
	() Thanks

18th November 2008, 12:25	#2
nishantgandhi Senior - BHPian Join Date: Jan 2008 Location: Mumbai Posts: 1,220 Thanked: 156 Times	I would have thought the same as you, except the Company and dealers are not on the same wavelength. I haven't seen any jaw dropping offers other than 'JBL speakers and alloy wheels' offer. Dream would be to see either a Civic Hybrid type of massive price cut in a day, or probably like Cielo's 1.2 lacs off a few years ago. Of course, I am being a bit over ambitious here!
	() Thanks

18th November 2008, 12:27	#3
ecclipse78 BHPian Join Date: Jan 2008 Location: Chennai Posts: 327 Thanked: 55 Times	My folks got an offer from Capital Honda just last week for the mid-level City (MT) model with accessories like Alloys, an extended warranty etc. All this was for 7.5 L on-road, Chennai.
	() Thanks

18th November 2008, 12:38	#6
iraghava Senior - BHPian Join Date: Oct 2005 Location: Bhaiyyaland Posts: 8,033 Thanked: 265 Times View My Garage	If you're not worried about the resale & the fact that you'll be owning an older model, I would think it's not that bad a deal.
	() Thanks

18th November 2008, 13:03	#9
CtrlAltDel BHPian Join Date: Feb 2008 Location: HyderaGr8 Posts: 500 Thanked: 24 Times	u can buy a honda car anytime and never regret it. even discontinued models are highly regarded and enjoy good resale value. and the icing on the cake is that you dont get to see a honda dealer on his knees every day make the most of the opportunity!
	() Thanks

18th November 2008, 15:36	#12
sam003 BHPian Join Date: Nov 2006 Location: Delhi Posts: 533 Thanked: 67 Times	NHC Vtech has 85K discount today. and others as per Honda dealer they are giving Insurance free that's it. And you know what he said, " Bahut hai Sir"
	() Thanks

18th November 2008, 16:11	#14
aaggoswami Senior - BHPian Join Date: May 2007 Location: Vadodara Posts: 4,982 Thanked: 2,931 Times	It looks like Honda has a lot of unsold G2HC. This is not the best thing for anyone. First of all, the offer must be lower than 7.0 lakhs On Road pricing if they are really sincere in finishing the stock. But for the buyer this is a good deal without doubt. If the idsi engined high end model is available for around 7 lakhs, its good VFM package. The FE for this car is one of the best, and for resale, well, Honda cars generally depreciate less than other cars, so this must not be a really big issue. Around Christmas newer deals will be coming. Wait till Christmas and you will see another around 20-30K reduced on the price of G2HC.
	() Thanks

18th November 2008, 19:20	#15
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,546 Thanked: 300,788 Times View My Garage	I'd say it is a fantastic time to buy the NHC. Why? 1. Massive discounts are making it great value. 2. The ANHC is a fantastic car with its great looks & power. BUTTTTTTTTTTTTTT it is not a fitting replacement to the practical NHC. The NHC has better quality interiors, superior fuel efficiency, a higher (more comfortable) back seat and a price tag that is 1.5 lakhs lower. I'd say anyone who is looking at a practical city car should definitely buy one of the last few NHCs available.
	() Thanks