get me out of here.. Quote:
Originally Posted by shantanumishra Hi prsnck,
I understand that second car prices in Bangalore are a lot more than the rest of India and coupled with the high demand of OHC Vtec, owners for sure ask for the sky, but this is a 9 year old car (OK its a OHC VTEC, but still a 9 year old machine),
I am sure Road Tax in Karnataka at that time would have been much lower than what it is today (I dont have the exact figures), so, in all probability, the owner would have payed much less Road tax and he seems to be just capitalising the charm and the madness for this beauty in Bangalore as well as the Road Tax situation prevailing currently,
If I were you, I would have walked away from the deal in case he is not open to negotiations, remember, it is my Hard earned money and 4L for a 9 year old car is just making the market go berserk with such deals and I would be just making others pay for my madness for the VTEC. Also, the same would also affect me in much more magnitude once I start searching for another vehicle 3-4 years down the line.
BTW, even if you buy it for 4L, I am sure you will not be able to get the same insured for the same amount, IMHO, the max amount that you would be able to insure it would be around 2.5L (considering its a Honda else the IDV would be less than 2L for a sedan, I got my 2003 Accent insured for 2.5L) |
Very true my friend.
But there are times when heart says...and mind obeys. So only this obsesession and the hard fact that its rare to get a well maintained OHC, leave OHC vtec aside. Still as you said, mind will look into the M factor, really its my hard earned money.
Also just consider the depreciation for 9 years. However well maintained is it depreciation is depreciation only. Was this vtec would have cost 10.5 lakh in about 2001 in bangalore. Just trying to calculate the depreciation. Its about 62% is it in 9 years. Guys correct me if I am wrong.
What should I do here. Shall I re-quote with 3.25 and tell him its worth 3 lakh and I am just paying premium for all that has been done recently. In about 2 months I missed a similar deal in bhp only and OHC vtec of smiliar mileage and model 2001/II owner sold out for 3.20. What a miss I feel now..!!
But in another way all the services and accessories changed for a car cannot and never should be part of the price of the car. If he has changed tyres and headlights its because is due for change and nothing else. How on earth can he say that all these I have speny on car, so that should be quoted on the price of car !! I feel I should convey all these points to him and make him realise. Thought I feel post all these first here and get the bhpian's response and the way to make a deal out of this. After the expert advice from my bhpian's here..Its really absurd I feel the vtec owner is telling.
Anyway for insure its third party, but I did not look into the IDV. WIll check that too. If its a NCB insure there is something I can gain on that atleast. But is NCB applicable for third party insure.
Another adv is I can still keep it second owner's name both RC and insure. This he has agreed actually, hope so. It should improve the value of car to a large extent, but is a serious risk unless you are an excellent and very safe driver.
Dont worry my bhp friends and fellow motorists, I wont agree to a deal unless I feel its no loss -no profit and will always consider the second hand market and deals like these which kills it.
But to say I am really gone berserk with OHC's and OHC vtecs will be an understatement !! Guys get me a way out of here...  |