Cedia Select Executive??

manson · 27th November 2006, 16:20

Quote:

Originally Posted by jesal

jigars gives around 4 he says which i dunno if its true. thats in sonata bracket...

that probably is an autobox with some really bad and loud pipes then!!
A corolla easily gives 10kmpl.

btw, have seen some 'guaranteed resale value' tags on cedia ads, anyone knows whats that for?

manson.

bantu · 27th November 2006, 16:43

Quote:

Originally Posted by manson

...

btw, have seen some 'guaranteed resale value' tags on cedia ads, anyone knows whats that for?

manson.

I checked with the dealer. they are saying the guranteed resale value of Cedia is 40% of the invoice value after 3 years.. they have some kind of arrangement with AutoMart.

but need to check the fine prints.. have asked them to send the details.

esteem_lover · 27th November 2006, 17:06

thats less than 4 lakhs. it is pretty bad. i am sure you can get more than that from the market. a 1999 Lancer sells for 2L now after 7 years.

bantu · 27th November 2006, 17:15

Quote:

Originally Posted by bantu

I checked with the dealer. they are saying the guranteed resale value of Cedia is 40% of the invoice value after 3 years.. they have some kind of arrangement with AutoMart.

but need to check the fine prints.. have asked them to send the details.

Corolla too has similar tie-up with AutoMart.. guranteed resale value at 45% after 3 years.. but one has to take loan from ICICI to avail this.

For Cedia no need to take loan from ICICI, it is the dealer who has tie-up with AutoMart.

manson · 28th November 2006, 00:47

an average depreciation followed commonly is, 25% for the first year, 20% on the second, and another 20% for the thiord, these are all on reducing balance method. hence you lose, 25% in the first year, 20% of 75 % (100-25% for first year) for the seond year, i.e. 15% effectively, and 20% on the balance for the third year, all this computes to a residual value of 48% after three years.

So a dealer promising 40% on a car witrh bad resale value seems like a good deal, just hope that there arent too many clauses that one has to cope with, like car is in this shape, excellent shape, etc

manson.

bantu · 30th November 2006, 17:25

Thanks to everyone for responding.

For me now the choice is between NHC Vtec and Cedia, Corolla is not there in the list mainly due to Looks (subjective) and fun-to-drive factor.

guys.. help me narrow down between the two (heart is going for Cedia and head for Vtec) or if you have some other suggestion.. Key factors are coming down to fun-to-drive, easy-to-maintain and resale value.

btw, I just got to read this..
Mitsubishi Cedia dominates National Rally Championship

Thanks again..

hyper-VTEC · 30th November 2006, 17:52

Toyotas are known for reliability. NHC is a C segment car. So between Cedia and Corolla, Corolla definitely wins hands down.

rahul_intlad · 30th November 2006, 18:28

Had recommended the corolla in my earlier post but since you are ok with C segment cars then these are two Drivers cars which you should consider as well:

1>.Ford Fiesta 1.6
2>.Hyundai verna CRDi

The first cars flaw is that its a ford,the second is a diesel but is more powerful than the vtec and at the same time more economical .

finneyp · 30th November 2006, 19:55

I would recommend Mitsubishi Cedia!
It is fresh, luxury look n feel, proven Rally Car etc!

Equus · 30th November 2006, 22:23

Doesnt the resale value differ from City to city?? For sure prices in Mumbai are much less than those in Bangalore.. Thoughts?

hellspawn · 1st December 2006, 02:47

based on your three criteria's for selecting btween the cedia and the nhc vtec:cedia is more fun to drive,both are easy to maintain,nhc will give you better fuel efficiency.
but the cedia has more kit with abs,ebd,,airbags etc .not to forget that you will get a lot of body kits,performance add ons for the cedia.
cedia no doubt is more value for money.also depends on how much your going to drive as the fuel efficiency will then help you decide better.

bantu · 1st December 2006, 08:46

Quote:

Originally Posted by hyper-VTEC

Toyotas are known for reliability. NHC is a C segment car. So between Cedia and Corolla, Corolla definitely wins hands down.

but unfortunately Corolla is not in my final shortlist.. due to looks (subjective) and fun-to-drive factor..

Thanks.

bantu · 1st December 2006, 08:55

Quote:

Originally Posted by Equus

Doesnt the resale value differ from City to city?? For sure prices in Mumbai are much less than those in Bangalore.. Thoughts?

I think resale prices will differ from city to city.. mainly it boils down to demand and supply and could be other factors as well..

appuchan · 1st December 2006, 12:25

Cedia is my choice. NHC is a bad looker and less featured for its power specs. Corolla Exec is badly stripped down with not even basic reqmnts like Alloys,ABS,Airbags for a D-segment car. Cedia comes with a 2 ltr engine and has been detuned heavily to favour FE. I am sure there is lot of scope for mods on this machine to make it much meaner. 40% guarantee is a good thing to have considering that Mitsus/HM are not famous for resale value.

mobike008 · 1st December 2006, 15:14

even my choice is a cedia..in yellow with big mag wheels, it can beat the hell outta many good lookers

27th November 2006, 17:06	#18
esteem_lover Senior - BHPian Join Date: Jul 2006 Location: Madras/Py Posts: 7,556 Thanked: 502 Times View My Garage	thats less than 4 lakhs. it is pretty bad. i am sure you can get more than that from the market. a 1999 Lancer sells for 2L now after 7 years.
	() Thanks

28th November 2006, 00:47	#20
manson Team-BHP Support Join Date: Oct 2004 Location: Bombay Posts: 3,934 Thanked: 4,169 Times View My Garage	an average depreciation followed commonly is, 25% for the first year, 20% on the second, and another 20% for the thiord, these are all on reducing balance method. hence you lose, 25% in the first year, 20% of 75 % (100-25% for first year) for the seond year, i.e. 15% effectively, and 20% on the balance for the third year, all this computes to a residual value of 48% after three years. So a dealer promising 40% on a car witrh bad resale value seems like a good deal, just hope that there arent too many clauses that one has to cope with, like car is in this shape, excellent shape, etc manson.
	() Thanks

30th November 2006, 17:25	#21
bantu Newbie Join Date: Nov 2006 Location: Bangalore Posts: 17 Thanked: 0 Times	Thanks to everyone for responding. For me now the choice is between NHC Vtec and Cedia, Corolla is not there in the list mainly due to Looks (subjective) and fun-to-drive factor. guys.. help me narrow down between the two (heart is going for Cedia and head for Vtec) or if you have some other suggestion.. Key factors are coming down to fun-to-drive, easy-to-maintain and resale value. btw, I just got to read this.. Mitsubishi Cedia dominates National Rally Championship Thanks again..
	() Thanks

30th November 2006, 17:52	#22
hyper-VTEC BHPian Join Date: Oct 2006 Location: Bengal...ooroo Posts: 648 Thanked: 243 Times View My Garage	Toyotas are known for reliability. NHC is a C segment car. So between Cedia and Corolla, Corolla definitely wins hands down.
	() Thanks

30th November 2006, 18:28	#23
rahul_intlad Senior - BHPian Join Date: Aug 2006 Location: Pune Posts: 1,579 Thanked: 4 Times	Had recommended the corolla in my earlier post but since you are ok with C segment cars then these are two Drivers cars which you should consider as well: 1>.Ford Fiesta 1.6 2>.Hyundai verna CRDi The first cars flaw is that its a ford,the second is a diesel but is more powerful than the vtec and at the same time more economical .
	() Thanks

30th November 2006, 19:55	#24
finneyp Senior - BHPian Join Date: Dec 2005 Location: Bangalore Posts: 2,716 Thanked: 319 Times View My Garage	I would recommend Mitsubishi Cedia! It is fresh, luxury look n feel, proven Rally Car etc!
	() Thanks

30th November 2006, 22:23	#25
Equus Senior - BHPian Join Date: Sep 2006 Location: Bangalore Posts: 1,123 Thanked: 423 Times	Doesnt the resale value differ from City to city?? For sure prices in Mumbai are much less than those in Bangalore.. Thoughts?
	() Thanks

1st December 2006, 02:47	#26
hellspawn Join Date: Jul 2005 Location: noida Posts: 1,686 Thanked: 7 Times View My Garage Infractions: 0/1 (10)	based on your three criteria's for selecting btween the cedia and the nhc vtec:cedia is more fun to drive,both are easy to maintain,nhc will give you better fuel efficiency. but the cedia has more kit with abs,ebd,,airbags etc .not to forget that you will get a lot of body kits,performance add ons for the cedia. cedia no doubt is more value for money.also depends on how much your going to drive as the fuel efficiency will then help you decide better.
	() Thanks

1st December 2006, 12:25	#29
appuchan BHPian Join Date: Jan 2006 Location: Bangy Posts: 642 Thanked: 27 Times	Cedia is my choice. NHC is a bad looker and less featured for its power specs. Corolla Exec is badly stripped down with not even basic reqmnts like Alloys,ABS,Airbags for a D-segment car. Cedia comes with a 2 ltr engine and has been detuned heavily to favour FE. I am sure there is lot of scope for mods on this machine to make it much meaner. 40% guarantee is a good thing to have considering that Mitsus/HM are not famous for resale value.
	() Thanks

1st December 2006, 15:14	#30
mobike008 Distinguished - BHPian Join Date: Sep 2006 Location: Seattle, WA Posts: 11,695 Thanked: 14,783 Times View My Garage	even my choice is a cedia..in yellow with big mag wheels, it can beat the hell outta many good lookers
	() Thanks