Merc for 5 years or 10 lakh sedan every year?

brakehorsepower · 12th May 2010, 23:37

hi fellow bhpians,
i have always had this doubt whether to buy a merceds e-class like car and keepin it for 5 years or buying a honda city like car for every year and selling it.

points to keep in mind(costly car for 5 years)
- huge price depreciation
- high maintenance cost
- enjoyin the sheer pleaure of being the attraction on ther road
- ofcourse, luxury

10 lac car for a year
- low price depreciation
- keeping with the latest cars
-not that much of a maintenance required
- will spot a similar car like yours on the road

i started this thread because i would like to know which is better because in my family we are the 10 lac people. what about you?
pls share your views and also please feel free to add the advantages and disadvantages of owning the respective type of cars.

cheers,
brakehorsepower

SmartCat · 13th May 2010, 00:29

Option No. 2 seems to be an awful waste of money to me! You mostly get plane jane variety for Rs. 10 Lacs anyway. "Keeping the latest cars" is not an attractive enough option - especially since the latest cars might not be the best anyway.

Go for a new Merc and hold it for 5 years. Or buy a 3 year old Merc?

anekho · 13th May 2010, 00:48

Option 1, definitely.

We buy a car and spend time enjoying it... you only truly appreciate all the finer nuances of a car in the long run.

Besides we're too sentimental to buy a car and sell it so soon - heck we treat our cars like family members

So in this context, Merc for atleast 7-8 years.

procircuit_234 · 13th May 2010, 01:04

IMO option 1 if your running is less.option 2 if your running is more.

akhilesh51 · 13th May 2010, 01:37

Definitely Option 1.

A merc lends an altogether different persona to an individual.

Also, 1 year is too short a time to change any car. Even if you were to buy a 10L car, keep it for atleast 2 years (i.e. warranty period).

brakehorsepower · 13th May 2010, 08:58

Quote:

Originally Posted by akhilesh51

Definitely Option 1.

A merc lends an altogether different persona to an individual.

Also, 1 year is too short a time to change any car. Even if you were to buy a 10L car, keep it for atleast 2 years (i.e. warranty period).

this never happens in my family. we bought a mercedes c-class sold it within 8 months.

Latheesh · 13th May 2010, 09:18

Get a 1 or 2 year old Merc in excellent condition and keep it for atleast a year. Let the first owner takes the initial high depreciation.

kailashnj · 13th May 2010, 09:46

Buy a merc and next time you are selling it let me know

vjabraham · 13th May 2010, 10:05

I'd say go for option 1. Changing 5 cars in 5 years sounds like waste of money to me. Like the others mentioned, going in for a used Merc that's not more than 3 years old sounds better to me. But at the end of the day, it all depends on what exactly you want.

Rahulkool · 13th May 2010, 10:23

I think a second hand merc with low mileage will be a good choice for you. you will not lose much in new merc depreciation

designersf · 13th May 2010, 10:58

Hey man, cars depriciate maximum in their first year. They lose as much as 30% of their value in their first year which means you are losing out. The graph evens out after 2-3 years and the depriciation rate doesnt drop much after that. So its better for you to go in for a 20 lakh car and then after few years shift to a more expensive car so that the change is gradual. Otherwise you will end up experiencing maintanance costs as high as the moon with your Mercedes

brakehorsepower · 13th May 2010, 10:59

i sold my merc to some kerela party
please if someone spots it anywere let me know

mods no issue with posting pics in private area, also dont mind the number plates

aseem · 13th May 2010, 10:59

Its like opening a thread with the title:

"Hatch for 5 lakhs or 5 Nano's"

Seriously bro, is there really a question here worth opening a thread for?

Musicmaker23 · 13th May 2010, 11:07

Go in for the Merc pronto! It'll exude more class even for 5 years than any new sedan that may release, no matter how new it is.
Its a Merc for God's sake. Rather, look into the new 5 series BMW

Think of all the other hassles that go with regularly changing cars: test drives, waiting periods, financial dealings, & finally having to sell them off before you get another one.
Peace of mind with a long term solution = Merc/BMW

//M · 13th May 2010, 14:06

Given a similar situation, I would empty each penny from my savings for that black BMW and I'll promise myself that I'll save another day !!

12th May 2010, 23:37	#1
brakehorsepower BHPian Join Date: Jan 2009 Location: chennai Posts: 111 Thanked: Once	Merc for 5 years or 10 lakh sedan every year? hi fellow bhpians, i have always had this doubt whether to buy a merceds e-class like car and keepin it for 5 years or buying a honda city like car for every year and selling it. points to keep in mind(costly car for 5 years) - huge price depreciation - high maintenance cost - enjoyin the sheer pleaure of being the attraction on ther road - ofcourse, luxury 10 lac car for a year - low price depreciation - keeping with the latest cars -not that much of a maintenance required - will spot a similar car like yours on the road i started this thread because i would like to know which is better because in my family we are the 10 lac people. what about you? pls share your views and also please feel free to add the advantages and disadvantages of owning the respective type of cars. cheers, brakehorsepower
	() Thanks

13th May 2010, 00:29	#2
SmartCat Team-BHP Support Join Date: Jun 2007 Location: Bangalore Posts: 6,429 Thanked: 42,952 Times View My Garage	Option No. 2 seems to be an awful waste of money to me! You mostly get plane jane variety for Rs. 10 Lacs anyway. "Keeping the latest cars" is not an attractive enough option - especially since the latest cars might not be the best anyway. Go for a new Merc and hold it for 5 years. Or buy a 3 year old Merc?
	() Thanks

13th May 2010, 00:48	#3
anekho Senior - BHPian Join Date: Dec 2008 Location: . Posts: 1,995 Thanked: 684 Times	Option 1, definitely. We buy a car and spend time enjoying it... you only truly appreciate all the finer nuances of a car in the long run. Besides we're too sentimental to buy a car and sell it so soon - heck we treat our cars like family members So in this context, Merc for atleast 7-8 years.
	() Thanks

13th May 2010, 01:04	#4
procircuit_234 BHPian Join Date: Oct 2009 Location: mumbai Posts: 223 Thanked: 16 Times	IMO option 1 if your running is less.option 2 if your running is more.
	() Thanks

13th May 2010, 01:37	#5
akhilesh51 BHPian Join Date: Jan 2009 Location: Jaipur, RAJ Posts: 631 Thanked: 339 Times	Definitely Option 1. A merc lends an altogether different persona to an individual. Also, 1 year is too short a time to change any car. Even if you were to buy a 10L car, keep it for atleast 2 years (i.e. warranty period).
	() Thanks

13th May 2010, 09:18	#7
Latheesh Senior - BHPian Join Date: Dec 2007 Location: CNN/BLR Posts: 4,243 Thanked: 10,091 Times	Get a 1 or 2 year old Merc in excellent condition and keep it for atleast a year. Let the first owner takes the initial high depreciation.
	() Thanks

13th May 2010, 09:46	#8
kailashnj BHPian Join Date: Oct 2006 Location: Mumbai Posts: 958 Thanked: 375 Times	Buy a merc and next time you are selling it let me know
	() Thanks

13th May 2010, 10:05	#9
vjabraham BHPian Join Date: Apr 2010 Location: Kochi Posts: 66 Thanked: 0 Times View My Garage	I'd say go for option 1. Changing 5 cars in 5 years sounds like waste of money to me. Like the others mentioned, going in for a used Merc that's not more than 3 years old sounds better to me. But at the end of the day, it all depends on what exactly you want.
	() Thanks

13th May 2010, 10:23	#10
Rahulkool Senior - BHPian Join Date: Oct 2007 Location: Chennai Posts: 1,386 Thanked: 1,416 Times View My Garage	I think a second hand merc with low mileage will be a good choice for you. you will not lose much in new merc depreciation
	() Thanks

13th May 2010, 10:58	#11
designersf BHPian Join Date: Aug 2007 Location: Ann Arbor Posts: 603 Thanked: 80 Times	Hey man, cars depriciate maximum in their first year. They lose as much as 30% of their value in their first year which means you are losing out. The graph evens out after 2-3 years and the depriciation rate doesnt drop much after that. So its better for you to go in for a 20 lakh car and then after few years shift to a more expensive car so that the change is gradual. Otherwise you will end up experiencing maintanance costs as high as the moon with your Mercedes
	() Thanks

13th May 2010, 10:59	#12
brakehorsepower BHPian Join Date: Jan 2009 Location: chennai Posts: 111 Thanked: Once	i sold my merc to some kerela party please if someone spots it anywere let me know mods no issue with posting pics in private area, also dont mind the number plates Attached Thumbnails
	() Thanks

13th May 2010, 10:59	#13
aseem Senior - BHPian Join Date: Jul 2005 Location: Delhi Posts: 1,730 Thanked: 441 Times	Its like opening a thread with the title: "Hatch for 5 lakhs or 5 Nano's" Seriously bro, is there really a question here worth opening a thread for?
	() Thanks

13th May 2010, 11:07	#14
Musicmaker23 BHPian Join Date: Oct 2009 Location: Mumbai Posts: 145 Thanked: 9 Times	Go in for the Merc pronto! It'll exude more class even for 5 years than any new sedan that may release, no matter how new it is. Its a Merc for God's sake. Rather, look into the new 5 series BMW Think of all the other hassles that go with regularly changing cars: test drives, waiting periods, financial dealings, & finally having to sell them off before you get another one. Peace of mind with a long term solution = Merc/BMW
	() Thanks

13th May 2010, 14:06	#15
//M Distinguished - BHPian Join Date: Oct 2009 Location: New Delhi Posts: 6,201 Thanked: 22,920 Times	Given a similar situation, I would empty each penny from my savings for that black BMW and I'll promise myself that I'll save another day !!
	() Thanks