Second hand Nano available in the market already

rishab.k · 18th September 2009, 22:36

Just saw a news item on CNBC Awaaz about second hand Nano being available in the market.No. it has got nothing to do with the fire incident in a parked Nano which was in the news recently.
News report says these Nano are available at a premium of about 25 to 30k through used car dealers but these are actually not used cars but new ones.News report says these Nano had been booked in some small towns through proxy bookings to make some quick bucks to cash in on the demand at a later stage.
Here is the link of the news item
AWAAZKAROBAR

Takumi-san · 19th September 2009, 14:44

That sucks. I hope no one buys them. Thats the best thing to happen to black marketeers. I recall when we were in college and on a strict budget. We hostel guys decided to catch a movie at the last minute. Unfortunately some black marketeer purchased a whole stock of them and began selling them at 1.5x the price.Much as we would love to buy those , we couldnt afford them. However we were unsure where to go next and were hanging around till show time. Turns out that the guy over estimated the demand and couldnt sell all the tickets. He ended up giving them at half the price since he still had to pay off cops etc. Was a lovely day. Sorry to go OT , but I hope something similar happens here.

oops · 19th September 2009, 15:14

When Zen was first launched, dealers used to Black market it also. And they also had buyers. IMO Nano in Black will also sell.

beejay · 19th September 2009, 15:48

OT. The dezire sells for a premium of 25 to 30K in Tamilnadu. The dealers themselves sometimes hype the demand.

So this is a new Nano and not second hand. Anyways, if it were available on the actual second hand market it would interesting to know the price.

GTO · 19th September 2009, 16:16

Long time since I am hearing of a premium ("on" as is the popular term amongst dealers) for a new car. Heard of some Nanos in Mumbai exchanging hands for 50,000 rupees over & above the original cost. Reminds one of the early M800 days, when the premium was worth 50 - 100% of the cars price!

Way back in '96, I remember the "on" for a Zen being as high as 30,000 & the Opel Astra 20,000 (early days).

MutantX · 19th September 2009, 16:23

Actually Nanos are also available through Carwale in the used car section. They just have a few hundred Kms on the ODO.

I hope TATAs adopt a good sales strategy to stop this black marketting. Guys, seriously do you still think NANO would be a hit?

riteshritesh · 19th September 2009, 16:24

I paid 'on' to buy my 118 NE and the Esteem. That was the end of 'on'.
137 D was managed by a good friends uncle was was on the board of directors and managed to 'out of turn' allot the car.
Reminiscing the good ole ( or Bad ole ) days.

vijaythacker · 19th September 2009, 16:29

i have seen a add on Gujarat Samachar news paper for Nano red base model on sale, on calling number was unreachable so nothing further, but yes have seen adds for Nano.

sgiitk · 19th September 2009, 17:12

I have a feeling that quite a few bookings were just for the Premium, so am not the least surprised. Let the premium vanish and so will quite a few bookings!

schitre05 · 19th September 2009, 22:14

Last month I visited a multi car dealer here in Mulund, He offered me a Nano of my choice of colour at a premium of 40k when I did not show any interest he promptly came down to 30K. If someone really wanted to buy it I m sure he would have come down further on his offer.

McLaren Rulez · 19th September 2009, 22:24

Sort of defeats the point of cheap motoring doesn't it, if prices are indeed 50k higher?

k2max6 · 19th September 2009, 22:35

In NCR we have a waiting of around 3-5 months on Swift VDi and around 8-9 months for Dzire VDi. Some people do pay a premium around 15-20k for getting the car instantly.
But its not some sort of hype ; its the real situation here.
Demand is much much more than supply.
If someone can pay the extra bucks he can get it and its not entirely wrong IMHO.

anjan_c2007 · 19th September 2009, 23:29

Speculators all who have booked the tiny car for raking up some moolah! The tiny car may later on, that too not in the very distant future attract discounts. Offers with free insurance or road tax on this car may not be pipe dreams, sometime in late 2010!

sumeethaldankar · 19th September 2009, 23:48

Hi all,
Popular cars at Andheri (mumbai) next to Sai Service has one for display.Dunno if it is a used one though.

sushrutha · 21st September 2009, 11:54

Quote:

Originally Posted by GTO

Way back in '96, I remember the "on" for a Zen being as high as 30,000 (early days).

Exactly. My uncle paid 50K premium in 96 for new Lemon Yellow Zen

18th September 2009, 22:36	#1
rishab.k BHPian Join Date: Jun 2009 Location: Lucknow Posts: 171 Thanked: 13 Times	Second hand Nano available in the market already Just saw a news item on CNBC Awaaz about second hand Nano being available in the market.No. it has got nothing to do with the fire incident in a parked Nano which was in the news recently. News report says these Nano are available at a premium of about 25 to 30k through used car dealers but these are actually not used cars but new ones.News report says these Nano had been booked in some small towns through proxy bookings to make some quick bucks to cash in on the demand at a later stage. Here is the link of the news item AWAAZKAROBAR
	() Thanks

19th September 2009, 14:44	#2
Takumi-san BHPian Join Date: Apr 2009 Location: Melbourne Posts: 368 Thanked: 121 Times View My Garage	That sucks. I hope no one buys them. Thats the best thing to happen to black marketeers. I recall when we were in college and on a strict budget. We hostel guys decided to catch a movie at the last minute. Unfortunately some black marketeer purchased a whole stock of them and began selling them at 1.5x the price.Much as we would love to buy those , we couldnt afford them. However we were unsure where to go next and were hanging around till show time. Turns out that the guy over estimated the demand and couldnt sell all the tickets. He ended up giving them at half the price since he still had to pay off cops etc. Was a lovely day. Sorry to go OT , but I hope something similar happens here.
	() Thanks

19th September 2009, 15:14	#3
oops BHPian Join Date: Sep 2009 Location: The Holy City-Asr Posts: 124 Thanked: 82 Times	When Zen was first launched, dealers used to Black market it also. And they also had buyers. IMO Nano in Black will also sell.
	() Thanks

19th September 2009, 15:48	#4
beejay Senior - BHPian Join Date: Apr 2009 Location: The Nilgiris Posts: 1,963 Thanked: 204 Times View My Garage	OT. The dezire sells for a premium of 25 to 30K in Tamilnadu. The dealers themselves sometimes hype the demand. So this is a new Nano and not second hand. Anyways, if it were available on the actual second hand market it would interesting to know the price.
	() Thanks

19th September 2009, 16:16	#5
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,534 Thanked: 300,738 Times View My Garage	Long time since I am hearing of a premium ("on" as is the popular term amongst dealers) for a new car. Heard of some Nanos in Mumbai exchanging hands for 50,000 rupees over & above the original cost. Reminds one of the early M800 days, when the premium was worth 50 - 100% of the cars price! Way back in '96, I remember the "on" for a Zen being as high as 30,000 & the Opel Astra 20,000 (early days).
	() Thanks

19th September 2009, 16:23	#6
MutantX BHPian Join Date: Sep 2009 Location: Madras Posts: 868 Thanked: 93 Times View My Garage	Actually Nanos are also available through Carwale in the used car section. They just have a few hundred Kms on the ODO. I hope TATAs adopt a good sales strategy to stop this black marketting. Guys, seriously do you still think NANO would be a hit?
	() Thanks

19th September 2009, 16:24	#7
riteshritesh BHPian Join Date: Aug 2009 Location: Mumbai Posts: 551 Thanked: 705 Times	I paid 'on' to buy my 118 NE and the Esteem. That was the end of 'on'. 137 D was managed by a good friends uncle was was on the board of directors and managed to 'out of turn' allot the car. Reminiscing the good ole ( or Bad ole ) days. Last edited by riteshritesh : 19th September 2009 at 16:30.
	() Thanks

19th September 2009, 16:29	#8
vijaythacker Senior - BHPian Join Date: Feb 2009 Location: Ahmedabad Posts: 1,498 Thanked: 74 Times View My Garage	i have seen a add on Gujarat Samachar news paper for Nano red base model on sale, on calling number was unreachable so nothing further, but yes have seen adds for Nano.
	() Thanks

19th September 2009, 17:12	#9
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	I have a feeling that quite a few bookings were just for the Premium, so am not the least surprised. Let the premium vanish and so will quite a few bookings!
	() Thanks

19th September 2009, 22:14	#10
schitre05 BHPian Join Date: Apr 2009 Location: Mumbai Posts: 457 Thanked: 176 Times View My Garage	Last month I visited a multi car dealer here in Mulund, He offered me a Nano of my choice of colour at a premium of 40k when I did not show any interest he promptly came down to 30K. If someone really wanted to buy it I m sure he would have come down further on his offer.
	() Thanks

19th September 2009, 22:24	#11
McLaren Rulez Senior - BHPian Join Date: Dec 2007 Location: Mysore Posts: 3,390 Thanked: 5,107 Times	Sort of defeats the point of cheap motoring doesn't it, if prices are indeed 50k higher?
	() Thanks

19th September 2009, 22:35	#12
k2max6 BHPian Join Date: Apr 2007 Location: New Delhi Posts: 523 Thanked: 183 Times	In NCR we have a waiting of around 3-5 months on Swift VDi and around 8-9 months for Dzire VDi. Some people do pay a premium around 15-20k for getting the car instantly. But its not some sort of hype ; its the real situation here. Demand is much much more than supply. If someone can pay the extra bucks he can get it and its not entirely wrong IMHO.
	() Thanks

19th September 2009, 23:29	#13
anjan_c2007 Distinguished - BHPian Join Date: Jul 2008 Location: India Posts: 8,331 Thanked: 20,645 Times View My Garage	Speculators all who have booked the tiny car for raking up some moolah! The tiny car may later on, that too not in the very distant future attract discounts. Offers with free insurance or road tax on this car may not be pipe dreams, sometime in late 2010!
	() Thanks

19th September 2009, 23:48	#14
sumeethaldankar Senior - BHPian Join Date: May 2007 Location: Mumbai Posts: 3,937 Thanked: 3,318 Times View My Garage	Hi all, Popular cars at Andheri (mumbai) next to Sai Service has one for display.Dunno if it is a used one though.
	() Thanks