[Iconoclast]

Originally Posted by lightfootdriver

5-10% is too less. I've seen multiple examples on what was the price provided by spinny/cars24 to seller vs what they listed on their platform. The difference is close to 15-20%. They charge exorbitantly high to buyer.

I would say this difference is even more - somewhere in the region of 30-35%. They'll take the car from you at 4 lakh and sell the same at ~5.2-5.4 lakh. Coming to whether the cars are overpriced - this is determined by market forces; if there'd be nobody to buy the cars at those prices; they'll be forced to drop prices so that they don't lose money on the cars they've purchased. Being in the business of buying and selling used cars; these guys have more data and visibility into the market that us - the buyers and the sellers. This information asymmetry is reflected in the margin they make on these vehicles.

[gajendra.jangid]

Originally Posted by lightfootdriver

Disagree. These platforms are exorbitantly overpriced. They have no understanding of depreciation. Most of the forum members would agree on this.

Used car prices are driven by supply and demand and hence resale value of suzuki cars are different then fiat cars. So depreciation does not apply equally to all cars and there is no fixed depreciation formula for each car. the companies that are in marketing doing transactions at scale will give you some sense at what price these cars are being traded at.

[anoopvk268]

Originally Posted by lightfootdriver

5-10% is too less. I've seen multiple examples on what was the price provided by spinny/cars24 to seller vs what they listed on their platform. The difference is close to 15-20%. They charge exorbitantly high to buyer.

True.
I saw a Yaris listed at 11 lakh, contacted the seller and he told he sold that car for 9.1 lak.
This is for a flopped discontinued model.

[lightfootdriver]

Originally Posted by gajendra.jangid

Used car prices are driven by supply and demand and hence resale value of suzuki cars are different then fiat cars. So depreciation does not apply equally to all cars and there is no fixed depreciation formula for each car. the companies that are in marketing doing transactions at scale will give you some sense at what price these cars are being traded at.

With due respect, my point here is that these platforms are not pricing the cars at the same rate as what you can get it from direct seller. They are charging a bomb on top of actual prices.

If you are working with an owner on arriving at a price for their used car, spinny/cars24 is the worst platform to get the right sense. Indian blue book is based on past txns of similar nature and hence I usually found their price reasonable.

It is altogether a different matter if a newbie looks at spinny/cars24 and subtracts 5% to arrive at the price of same car. They would seal the deal but that doesn't make that a good deal.

Also, if you read my post above, I have mentioned honda city commands a premium due to its reliability.

[shankar.balan]

Originally Posted by jitgupt

Hey guys, Senior Citizen here.
What can I expect for my car ?
Mercedes Benz E220d Avantgarde
2016 November
6,900 Kms.
Cavensite Blue
Not a scratch on the exterior
Pristine White interior.

6900 kms. In 7 years?

[jitgupt]

Well, a small mistake. The year should have been 2017. And yes, 6,900 kms in 6 years is correct.
It’s my 3rd car. My work horse is Innova Crysta.

[Su-47]

Originally Posted by jitgupt

The year should have been 2017. And yes, 6,900 kms in 6 years is correct.

Interesting. Just a couple of days back, I teased a friend whose E220D has done 4K in 2 years that he should sell unused kms (like carbon credits) to people in need -- like another friend whose GLC has done 15k in 6 months. I didn't think that I would see a car with lower Kms/year than the said E.

Would be curious to know what the market prices a pristine specimen like yours -- perhaps consider posting on tbhp classifieds. Good luck!

PS: If it was 350D, I would be PMing you already.

[fawad0222]

Hi!

I own a sep 2022 UP registerd, August manufactured Jeep compass diesel manual, night eagle variant, which has run just 4600 kms. The car has original mopar Jeep accessories worth 50000. What should be the asking price for the car. The last on road price of the car was between 26-27 lacs.

Thanks

[anjan_c2007]

Originally Posted by Iconoclast

I would say this difference is even more - somewhere in the region of 30-35%. They'll take the car from you at 4 lakh and sell the same at ~5.2-5.4 lakh.

The car owners willing to sell, but have no time or inclination to sell their cars directly to the buyer are favourite targets of all classes of middlemen involved in the deal.

It's like the farmers getting a pittance for their produce, while the end buyers pay much, much higher prices. The brokers and wholesalers as middlemen extract the most.

Hence, if one is in a hurry to sell sans any time or sans the salesmanship qualities to sell directly to a buyer, Spinny, Cars 24, brokers and other categories of middlemen could become their angels in disguise. But once these "ANGEL BROKERS" come into the picture there's no use of groaning over the resale price.

[rd_maverick]

Originally Posted by rd_maverick

Looking to purchase a VW Jetta Highline Diesel Automatic of around 2015-2016.

Bumping this up. have located a 1st owner Highline AT with 60K on the odo. Ask is 10.5L with Mumbai Registration which seems high to me. Plan is to get a comprehensive check done to figure out the history.

Would really appreciate inputs.

[Iconoclast]

Originally Posted by rd_maverick

Bumping this up. have located a 1st owner Highline AT with 60K on the odo. Ask is 10.5L with Mumbai Registration which seems high to me. Plan is to get a comprehensive check done to figure out the history.

Would really appreciate inputs.

My view on this:-

You're right. The ask of 10.5L is too high. You should negotiate this down to at least 9.7L if not lower.

In terms of the depreciation hit you'll take - in 3 years, assuming you drive the car for 10000 km annually; you'd get a value of at best 4.8-5.0 lakh for the car; assuming it's still in good condition.

[aeyjay]

I am currently looking at the below two options for city use. How much should be appropriate pricing range for these?

2019 i20 cvt top model with 22k km - quoted 7.5 lakhs, well maintained
2021 Jazz cvt top model with sub 20k km - quoted 9.5 lakhs

Also, given these models are no longer in production, if I hold these for 4-5 years, can I assume min 50% of current purchase cost as resale value or it is better to buy a new model now.

Thank you and appreciate any feedback.

[RoadSurfer]

Hello All,
Please suggest right price for buying a Dec 2020 manufactured, Jan 2021 registered Tata Harrier XZA+ Dark edition. Car stands at 25600 kms and is in good condition. KA registered.
Thanks.

[Auto spawn]

What would be a good asking for a very well maintained Honda City ZX CVT 2022, driven for only 4800kms? On road final pricing was 18.4 Lakhs. Kindly advice.

[car_guy1998]

Is it okay to buy a 5th gen City CVT at ₹13-15L considering that the new one costs ₹20L now.

I've seen few less run 5th gen City CVT and that too ZX variant going for aforementioned price in online portals like spinny and cars24.

Also, I've seen an MY18 Elantra SX(O) 2.0P AT for sale at ₹12.5L and ran just 45k Kms at cars24. Is it a good price considering that this car has been discontinued in 2022 IIRC.

Originally Posted by rd_maverick

Bumping this up. have located a 1st owner Highline AT with 60K on the odo. Ask is 10.5L with Mumbai Registration which seems high to me. Plan is to get a comprehensive check done to figure out the history.

Would really appreciate inputs.

Getting a well maintained Jetta TDI DSG at less than ₹10L and that too 2015-16 version is a herculean task and demand for Jetta TDI is good in used car market as far as I saw.

I myself was looking for used Jetta TDI DSG but couldn't find a well maintained example in Hyderabad and getting one in Hyderabad seemed to be different. Even if I get a TS registered vehicle, it'd be expensive to purchase considering that demand on Diesel vehicles is good down south atleast in Hyderabad. Hence, I had to look at Delhi registered vehicles as well as MH registered vehicles as I can get one for decent price.

BTW, I've seen a 2015 facelifted Jetta TDI DSG for sale recently by a dealer in OLX at ₹11L and ran 73k Kms. I was almost tempted to get one and wanted to bring down the price to ₹9L but had different plans.