![]() | #8551 | |
BHPian ![]() Join Date: Oct 2013 Location: Hyderabad
Posts: 626
Thanked: 316 Times
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Also, as this move is being initiated by the Finance ministy, I don't think RTO will cause any problem in transferring the ownership of such cars? | |
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![]() | #8552 | |
BHPian ![]() | ![]() Quote:
Eg: I sold my 2003 Santro Xing XG Automatic around 6 months back in Delhi. I could only manage 95k. The car condition was just ok-ish. It needed new brake pads, engine oil & 2 tyres by the new owner. The battery was new though. How can the 2002 Santro (not even the Xing model I think?) be 1.4 lakhs. That price is easily double or more of what it is worth. The other 2006 Santro too is overpriced approx by almost a lakh too. Last edited by anks_at : 22nd November 2013 at 15:37. | |
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![]() | #8553 |
BHPian Join Date: Oct 2013 Location: Delhi
Posts: 129
Thanked: 94 Times
| ![]() Are carwale's used prices a benchmark that line should go by? The reason I'm asking is that I have been made an offer (say Rs X) for a second hand car- which could reasonably be said to be in 'excellent condition'. However when I key in the car details on carwale, their suggested price is lower by Rs 50,000 (i.e. Rs X - 50,000). How should I be looking at this? |
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![]() | #8554 | |
BHPian ![]() | ![]() Quote:
Others have reported that Carwale prices are generally lower since its controlled by dealers & such. Another way you can get an idea of the fair price is to look at the IDV of the vehicle in the current policy (provided the owner has not got it increased by an extra premium). Thereon, you subtract further for any issues etc with the car, the car being no longer produced & other -ve feedback surrounding the vehicle. Yet another way is to get the Ex-showroom price of the car for the year it was sold in. Thereon, you start applying depreciation @10% each year - compounded (& more on vehicles over 10lakhs).You also subtract further for any issues just like in the case above. Also need to fine tune with certain realities & or market sentiment eg: Tata vehicles depreciate quicker (age fast), Toyota Fortuner should depreciate but does it much slower since you cant find many who sell it at a low price & is quite reliable etc. Last edited by anks_at : 22nd November 2013 at 17:07. | |
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![]() | #8555 | |
Senior - BHPian Join Date: Oct 2008 Location: Pune
Posts: 1,809
Thanked: 3,430 Times
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I will advise following: 1. Maruti K10 around 3L for 1 year old cars (few very low run examples available on car selling website even now) 2. WagonR - will be difficult to find low run OR rationally priced, but will be around 3.8L for 1-2 yrs old 3. Chevy spark - for about 3L - 3.5L you should get a good vehicle. 4. If you are looking for Hyundai, go for i10 (but less mileage) or Eon. Some are available from 3L. 5. If your mom has not tried any geared vehicles, it will be pretty tough to learn a geared car. I hope you have already started class. If not, first take a class atleast for your mom. Because better to buy an auto vehicle which will get used than buying a geared vehicle that remains in the garage. If she can drive a geared vehicle, then go for above, or if searching for auto, you can consider A-star auto (but quite rare in used car market) 6. Buy only vehicles less than 2 yrs old and less than 10-15k running. Lower the better. As you are a new comer to cars, make sure the cars have some manufacturer warranty pending. Maruti warranties are non-transferable to second owners, but their extended warranties are transferable. All the best. I noticed that most of the times the resale cost depends on years, kms and present cost of the vehicle. Your buying cost doesn't matter. There was a thread here not too long ago, that described how a used Innova fetches more resale value than its purchase price, because how the new Innova price is increased in past few years. Last edited by ani_meher : 22nd November 2013 at 17:15. | |
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![]() | #8556 | ||
BHPian ![]() | ![]() Quote:
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Getting a used car for something like 75k does make a lot of sense to me for this very purpose & obviously if you resell it how much more can you lose on an already well depreciated car? ![]() | ||
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![]() | #8557 |
Senior - BHPian Join Date: Oct 2008 Location: Pune
Posts: 1,809
Thanked: 3,430 Times
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Actually its not just the difference between buying and resale value, but rather the expenses spent inbetween them. Also, a <1L car may be ok, but I think the OP is getting such cars at much costly rate. |
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![]() | #8558 | |
BHPian ![]() | ![]() Quote:
The expenses that would be typically required on such a car would be not more than 15k-20k (immediate changes & service costs in the next 1-2 years) if chosen wisely. This is definitely where diligence is required, so you dont end up spending 40-50k on a 75k car! | |
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![]() | #8559 | |
BHPian ![]() | ![]() Quote:
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![]() | #8560 | ||||
BHPian ![]() | ![]() Quote:
![]() My mom used to drive in 2006. After we had shifted to Bahrain she hasn't driven at all. She isn't allowed to drive at night due to her eyes which have been operated upon. So she would be using this only during the day when i am not there. Anyway thanks for your reply will keep this mind if at all we stretch our budget to 3 lakhs Quote:
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I am in no hurry as i know with this limited budget i won't get a car immediately neither will i have many options. Lets see the other options which i will explore in the next week. | ||||
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![]() | #8561 |
Senior - BHPian ![]() Join Date: Apr 2013 Location: Bangalore
Posts: 1,326
Thanked: 2,892 Times
| ![]() A newbie salesguy from Toyota told me how they valued old cars. He said its segment-wise as so (on its Original Ex-Showroom Price) : D Segment : 30% for the first year, 5-7% subsequently. C Segment : 20% for the first year, 10% subsequently. Whatever the result, as reduced by cost of repairs/refurbishment, would be the price if the vehicle is still being produced and is doing reasonably well in the market. If the car is known to have issues (Ex. Civic supposedly has engine mount issues), then they'd consider that as repairs too. The remaining amount would be the fair market value. The rationale behind the differential depreciation rates is because the mechanical parts of D segment cars hold well compared to C segment cars. But in D segment, the exclusivity of the product is only for the first year, hence the massive depreciation hit in the first year. Rest said, it depends on the situation. For Example : Fiat fanboys would pay more for Palio Stile in Bangalore compared to Delhi/Other places. Or either party wants to make the move depending on how urgently he needs to move on. Last edited by GrammarNazi : 22nd November 2013 at 18:45. Reason: Adding a point. |
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![]() | #8562 | |
BHPian ![]() | ![]() Quote:
And your happy hunting will only make sure that he ends up in a pool of confusion and not inside a cabin of his new(or old) car! Just what I felt! | |
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![]() | #8563 |
BHPian ![]() Join Date: Nov 2010 Location: Bangalore
Posts: 74
Thanked: Once
| ![]() Folks, Friend of mine looking to sell his 4 yr old Cedia Spirit, 75K kms done, in excellent condition. What's a good seller's price you'd say ? |
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![]() | #8564 |
Newbie Join Date: Apr 2012 Location: Kottayam,Kerala
Posts: 23
Thanked: 38 Times
| ![]() Guys, I am getting a Hyundai Accent Viva CRDI, 2006 model which have ran around 57000 km. I have driven it, it drives good, no major rattles, as expected the three potpot diesel engine was a bit noisy. After negotiation we have decided on 1.55 k. Is it a reasonable price. The seller looks genuine, what all things should I looklook out for. Please help me. |
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![]() | #8565 |
BHPian ![]() Join Date: Jul 2012 Location: New Delhi
Posts: 89
Thanked: 555 Times
| ![]() Hey guys, So my uncle is *looking* for a used Chevy Forester. First let's get somethings sorted out, he lives in Delhi, and already has 3 cars. So you can sort of take this car as more of a fancy of his. The used price check here on T-BHP says roughly 4-5 lacs. Wanted to know how, where good places to search( apart from the internet of course) and spares and service issues. Any inputs will be appreciated Thanks. |
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