Resale Value - The Silent Killer

aadix · 20th November 2005, 20:26

nice write up ajmat.

btw,you think exactly like my father, he rarely prefers new cars(unless there is an fabulous deal, like my sonata), my pop and me always hunting for good bargains.

tsk1979 · 20th November 2005, 21:05

Place of sale is important. MY indica as 40K shaved off because it has Bangalore registeration so no takers in Delhi. It will be cheaper for me to ship it to Bangalore(10K) and i may get the price I am getting now in delhi in bangalore even after 2 years!

Another factor is the original paint fixation.
Got lots of small scratches? Wait before you touch up. A badly scratched car will fetch more than fixed one as people tend to think major accident. One guy concluded on seeing my car since both sides have some paint jobs my car was definately on a roll over. I told him to check out the roof, that convinced him

Mpower · 20th November 2005, 22:22

Quote:

Originally Posted by Shan2nu

I have no idea why it is so. I've got a feeling it's got something to do with the car being owned by a doctor. Maybe they feel a doctors car can't possibly be in a bad shape

Absolutely Shan! Doctor-driven, lady-driven and Parsi-owned are all strong points when selling. But sorry to say, a 'petrol' Innova is not!

Another point to note is that certain uncommon options will not fetch anything in resale. For example if you ordered a sunroof+ABS+Airbags+alloys as a 2 lakh option, forget about getting that back during resale because a 2nd hand buyer is a deal seeker who will not go for such features.

Good analysis overall !

MrBoombastic · 21st November 2005, 00:00

Wow, Ajmat! I've been reading a lot of your posts as and when they come up... Always sensible. Keep it up!!

Mpower · 21st November 2005, 10:35

Quote:

Originally Posted by ajmat

Car Size – less money you pay, the less you lose

Not sure if I understand this right. Octavia.... a bigger car will hold its value better than a palio...percentage wise.

Jaggu · 21st November 2005, 10:40

@ Steeroid, Octroi i was referring to maharashtra and not kerala, and the city cars are considered better coz they have constant access to authorised service centers and dealers.. and generally people in Kerala never used to prefer small town cars, this was some years back when i was there

Mpower · 21st November 2005, 10:51

Quote:

Originally Posted by MalluDude

and the cars here apparently have this "reputation" of being constantly revved hard at low gears to climb steep slopes and thus resulting in a weary engine

Agreed that engine experiences a high stress when going uphill........but what goes up has to come down and gravity is mostly pushing you down while the engine is relaxing!

aadix · 21st November 2005, 11:22

not to forget circumstances :

an 2005 zend di fetches 4.50 lacs in hyd easily!!

i have an standing offer of 5 lacs for my 2003 qualis fs f3!

Shan2nu · 21st November 2005, 11:23

Quote:

Agreed that engine experiences a high stress when going uphill........but what goes up has to come down and gravity is mostly pushing you down while the engine is relaxing!

That technically means reved engine and fried brakes. It's even worse.

Shan2nu

Max · 21st November 2005, 12:14

Quote:

Originally Posted by zenx

really ?
I have a City1.3Exi bought in March 2001
* got a discount!
* spares/repairs are expensive
* I spent 8L and now it might not get even 4
I too have become a believer in a buying a year or 2 old car and keeping it as long as you're happy with it - typically 3-5 yrs.
Also to be considered are the costs of overhauls or major parts replacements. The Marutis and Tatas score high on that - you can *afford* to redo them!

you won't get more then 2.5lakhs in bombay.

zenx · 21st November 2005, 12:49

Quote:

Originally Posted by Max

you won't get more then 2.5lakhs in bombay.

Whoa! That decides it - I'm keeping the car till i just cannot anymore

adityapd · 21st November 2005, 13:33

Post Deleted : Please stick to the thread topic being discussed.

lamborghini · 21st November 2005, 15:21

Hey zenX,
think about a Hyundai Sonata buyer who paid 13L for his car only to be selling it for 4L.
Does resale value really matter fro people who intend on keeping a car for more then 5years?
If you buy a second hand car, that has not been run in properly like a majority of cars out there, you will face problems after 3 years of ownership as it is. With a new car, atleast you have peace of mind. the previous owner who would be selling off his 1 or 2 year old car must have had some sort off problem with it unless he became bankrupt, is shifting or won a lottery and things like these don't happen very easily.
But then again, it is personal choice.

adityapd · 21st November 2005, 15:49

Quote:

Originally Posted by adityapd

Post Deleted : Please stick to the thread topic being discussed.

My post was "very much relevant" to the thread topic under discussion..with facts to support the resale of a 2001 OHC 1.3 not being so low as quoted by Max in Mumbai...

~A

zenx · 21st November 2005, 18:11

Quote:

Originally Posted by lamborghini

Hey zenX,

Does resale value really matter fro people who intend on keeping a car for more then 5years?

makes sense. I guess its much better to spend on the car I know - it still drives beautifully and is comfy enough on long drives. Still, when you get a new car and people 'brush past' or bang the bumper its hurts way more. Right now I'm in a 'comfort zone' where small blips go unnoticed

Resale value matters only if you sell it

20th November 2005, 20:26	#16
aadix Senior - BHPian Join Date: Mar 2004 Location: hyderabad Posts: 1,597 Thanked: 14 Times	nice write up ajmat. btw,you think exactly like my father, he rarely prefers new cars(unless there is an fabulous deal, like my sonata), my pop and me always hunting for good bargains.
	() Thanks

20th November 2005, 21:05	#17
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	Place of sale is important. MY indica as 40K shaved off because it has Bangalore registeration so no takers in Delhi. It will be cheaper for me to ship it to Bangalore(10K) and i may get the price I am getting now in delhi in bangalore even after 2 years! Another factor is the original paint fixation. Got lots of small scratches? Wait before you touch up. A badly scratched car will fetch more than fixed one as people tend to think major accident. One guy concluded on seeing my car since both sides have some paint jobs my car was definately on a roll over. I told him to check out the roof, that convinced him
	() Thanks

21st November 2005, 00:00	#19
MrBoombastic BANNED Join Date: Oct 2005 Location: Chennai Posts: 253 Thanked: 6 Times	Wow, Ajmat! I've been reading a lot of your posts as and when they come up... Always sensible. Keep it up!!
	() Thanks

21st November 2005, 10:40	#21
Jaggu Team-BHP Support Join Date: May 2004 Location: Bangalore Posts: 20,215 Thanked: 15,907 Times	@ Steeroid, Octroi i was referring to maharashtra and not kerala, and the city cars are considered better coz they have constant access to authorised service centers and dealers.. and generally people in Kerala never used to prefer small town cars, this was some years back when i was there
	() Thanks

21st November 2005, 11:22	#23
aadix Senior - BHPian Join Date: Mar 2004 Location: hyderabad Posts: 1,597 Thanked: 14 Times	not to forget circumstances : an 2005 zend di fetches 4.50 lacs in hyd easily!! i have an standing offer of 5 lacs for my 2003 qualis fs f3!
	() Thanks

21st November 2005, 13:33	#27
adityapd BHPian Join Date: Feb 2004 Location: Mumbai, Philadelphia Posts: 288 Thanked: 7 Times View My Garage	Post Deleted : Please stick to the thread topic being discussed.
	() Thanks

21st November 2005, 15:21	#28
lamborghini Distinguished - BHPian Join Date: Apr 2004 Location: Mumbai Posts: 6,114 Thanked: 5,763 Times View My Garage	Hey zenX, think about a Hyundai Sonata buyer who paid 13L for his car only to be selling it for 4L. Does resale value really matter fro people who intend on keeping a car for more then 5years? If you buy a second hand car, that has not been run in properly like a majority of cars out there, you will face problems after 3 years of ownership as it is. With a new car, atleast you have peace of mind. the previous owner who would be selling off his 1 or 2 year old car must have had some sort off problem with it unless he became bankrupt, is shifting or won a lottery and things like these don't happen very easily. But then again, it is personal choice.
	() Thanks