Team-BHP - The "USED" Car Price Check Thread

Quote:

Originally Posted by RS_DEL (Post 4250609)

The question therefore is , have any folks used any such guideline when negotiating for buying a used car. Were you successful in closing the transaction? If aware of the valuation methodology , you still paid a higher price, what was percentage difference between your purchase price and IDV?

Personally, I would not go on the IDV, as some folks jack up the IDV prior selling the car, they list the price at 'X' amount over the IDV. I follow the used car valuation quotes by IndianBlueBook(IBB), OrangeBookValue(OBV), CarWale. For most vehicles the quotes differ by about 20-30k with IBB<OBV<Carwale. Carwale/CarTrade has a higher price as the Cartrade certified dealers use that price as a bench mark while selling.

To my knowledge the right price is somewhere in between the IBB("Sell to a dealer" quote) & the OBV("Buy from Dealer" quote), this holds true for most quick moving used cars like swift,alto etc.

I could negotiate for a 1.5 year old,20k run Cartrade certified Swift that was listed for 6.8L (grossly overpriced) to 5.7L( which is still about 20-30k higher than what the dealer would have bought it for, resale values in Hyderabad for a diesel car are atrocious compared to other places). But, I could not close the deal as I went through another sudden financial commitment.

Quote:

Originally Posted by jetsetgo08 (Post 4250663)

Personally, I would not go on the IDV, as some folks jack up the IDV prior selling the car, they list the price at 'X' amount over the IDV.

Completely agree with you. IDV is never a benchmark to determine the value of the car and sometimes IDVs are inflated by the sellers to get a good price.
When I brought a used car, I checked the value in IBB, OBV etc. and negotiated on the average price given by these tools.

Quote:

Originally Posted by jetsetgo08 (Post 4249683)

Pardon me, as currently I am not much aware of any in Bangalore, may be other members can help.

Quote:

Originally Posted by jayantvs (Post 4249688)

You can also check with Wheels Wisdom (https://www.wheelswisdom.com/), they do used car evaluation.

Found 2016 VW Vento 1.5D AT highline with 20K Kms in odometer, couldn't find anything suspicious when took for a spin except for a hissing noise from font left side while accelerating but then the engine and transmission behaved normally. Few dents on both the rear door and one on RHS rocker panel and a small crack on LHS tail lamp, again I'm not bothered much about aesthetics.

Agreed on a deal for 9.7 Lakhs and since insurance is expired need to shell around another 30K.

For a piece of mind booked an evaluation with Wheelswisdon for coming Wednesday, I know the vehicle has a warranty for another two years but spending a little on it will do no harm.

Thank you for the suggestion folks.

Also please feel free to comment if this isn't a decent deal.

Cheers!

Quote:

Originally Posted by duke (Post 4251084)

I'm not sure they got their math correct here.

I believe they have an additional dealership verification charges (about Rs 500-750) which is included in the 3 car package. For an single car the final cost may go up. This is what I was told, but yes that needs to be verified as it is not clear on their website.

Quote:

Originally Posted by treadmark (Post 4251053)

For a piece of mind booked an evaluation with Wheelswisdon for coming Wednesday, I know the vehicle has a warranty for another two years but spending a little on it will do no harm.

Do share your experience with them. A friend may need their used car evaluation service soon.

Quote:

Originally Posted by jayantvs (Post 4250685)

IDV decreases happen based on well defined guidelines , they are not arbitrary. An actuary would confirm this.
Inspection of insurance track record being a part of recommended due diligence, attempts to tinker around with IDV are pointless. Any out of the norm trajectory in IDV is easily discernible.

Hi folks...
Found a used 2009 model, FORD FIESTA CLASSIC PETROL, 1.6 S (the slightly souped up sports variant that Ford themselves released), that's done about 55,000 kms. Not sure how many owners it's been thru though..

He's asking for 3,25,000...

what would be a realistic price to the same...??

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Originally Posted by Sanjay1707 (Post 4251182)

I am looking for a used Skoda Superb 1.8 tsi MT in Mumbai. Recently came across a 2012 model which has clocked 50000 kms. Car looks clean and non accidental. Have not yet driven. Asking price is 640000. What should be the fair value of such car.

In Bangalore speak it's a good price, everything else being in good shape. In Mumbai I don't know, yet I feel for 5.5 it should be a good deal, again everything else being in good shape.

Quote:

Originally Posted by treadmark (Post 4251053)

Found 2016 VW Vento 1.5D AT highline with
......
Also please feel free to comment if this isn't a decent deal.

Cheers!

If equipped with one, please try to verify the cruise control functionality, sometimes these small but critical features do not work in used cars. All the best.

Quote:

Originally Posted by auxsend (Post 4251112)

The realistic price should be 2-2.25 accounting for the rarity of the car. Without it the car would be worth even lesser.
3.25 is too high, considering it cost about 7.5 when new

Quote:

Originally Posted by agambhandari (Post 4251513)

The realistic price should be 2-2.25 accounting for the rarity of the car. Without it the car would be worth even lesser.
3.25 is too high, considering it cost about 7.5 when new

And it's a second owner car already