How much one should expect for a 100KM driven and a month old Honda Civic Sports !

ashthedivx · 11th June 2009, 10:20

A known of mine is looking out for selling his newly acquired Honda Civic Sports - White in color, it costed him somewhere around 13.25 net on-road in Delhi.

How much depreciation should he expect for the same ?? I have given him a rough idea of atleast a depreciation of 50-75K if sold to a direct customer.

RishiSuri · 11th June 2009, 10:44

Anywhere between 12.5 and 12.75

mobike008 · 11th June 2009, 11:03

If he tries hard enough, he can palm it off to somebody with a 25K-30K discount on OTR.

That still would be a great deal considering he may have done some additional work for interiors etc.

ashthedivx · 11th June 2009, 11:05

Quote:

Originally Posted by mobike008

That still would be a great deal considering he may have done some additional work for interiors etc.

Nothing is touched, every thing is stock plain.

mobike008 · 11th June 2009, 11:17

Quote:

Originally Posted by ashthedivx

Nothing is touched, every thing is stock plain.

Then a maximum 50K discount on OTR would be a good deal. Anything lower would be a lost deal.

k2max6 · 11th June 2009, 11:44

Around 1 Lac down on OTR.
Most Important - Owner Serial Changes.

Moreover a person spending 12.5 lakhs can easily spend a little more (75k) to get the sports.
- Plus what causes the hindrance is that you can get the top model(non-sports).One would think of buying that from the showroom brand new.
-Typical thinking - why is the person selling so new,it may have some big problem.

ntomer · 11th June 2009, 11:50

Quote:

Originally Posted by k2max6

Around 1 Lac down on OTR.
Owner Serial Changes.

Exactly. The new owner will be the second owner, and re-sale value will take a hit.

\N

amitk26 · 11th June 2009, 12:02

A new car is new car , Second owner goes for the car because first one has taken the hit of depreciation ,

So if the car is registered at least the person has to bear brunt of being first owner.

ashthedivx · 11th June 2009, 12:04

Quote:

Originally Posted by k2max6

Around 1 Lac down on OTR.
Most Important - Owner Serial Changes.

Moreover a person spending 12.5 lakhs can easily spend a little more (75k) to get the sports.
- Plus what causes the hindrance is that you can get the top model(non-sports).One would think of buying that from the showroom brand new.
-Typical thinking - why is the person selling so new,it may have some big problem.

No problem at all, He didn't liked the gift

Would spend some more and get an accord.

kannan666 · 11th June 2009, 12:29

Quote:

Originally Posted by amitk26

A new car is new car , Second owner goes for the car because first one has taken the hit of depreciation ,

So if the car is registered at least the person has to bear brunt of being first owner.

+1 - If the car is registered, the first owner has to take the hit of depreciation. Person selling should also find a customer who wants the same colour of car and same specifications. Additionally, if there is not a significant difference in the prices, all potential owners of a car of this bracket will go in for a new one !

kpbhatt · 11th June 2009, 16:29

Is this an automatic -- and is he keen on selling it in delhi itself? asking it since i am on a hunt for a not so new-not so old car myself.

ashthedivx · 11th June 2009, 17:05

@bhatt - I bilieve it is the manual one. Also, he dosen't have any objection as far as new owner is transferring on his name.

But i believe for registration in pune you might land up paying registration taxes again !! (Correct me)

kpbhatt · 11th June 2009, 17:12

Quote:

Originally Posted by ashthedivx

@bhatt - I bilieve it is the manual one. Also, he dosen't have any objection as far as new owner is transferring on his name.

But i believe for registration in pune you might land up paying registration taxes again !! (Correct me)

You're right on the registration part -- i am actively looking for an auto tranny car and would have considered paying for the re-registration

ashthedivx · 11th June 2009, 17:19

Quote:

Originally Posted by kpbhatt

You're right on the registration part -- i am actively looking for an auto tranny car and would have considered paying for the re-registration

Anyhow did sports version came in Auto transmission ??

ashthedivx · 12th June 2009, 09:46

Thanks guys, Car Sold to another friend for 12.60. Mods can close the thread.

11th June 2009, 10:20	#1
ashthedivx Senior - BHPian Join Date: Feb 2007 Location: Delhi Posts: 1,356 Thanked: 24 Times	How much one should expect for a 100KM driven and a month old Honda Civic Sports ! A known of mine is looking out for selling his newly acquired Honda Civic Sports - White in color, it costed him somewhere around 13.25 net on-road in Delhi. How much depreciation should he expect for the same ?? I have given him a rough idea of atleast a depreciation of 50-75K if sold to a direct customer.
	() Thanks

11th June 2009, 10:44	#2
RishiSuri BHPian Join Date: Mar 2007 Location: Sydney Posts: 264 Thanked: 84 Times View My Garage	Anywhere between 12.5 and 12.75
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11th June 2009, 11:03	#3
mobike008 Distinguished - BHPian Join Date: Sep 2006 Location: Seattle, WA Posts: 11,696 Thanked: 14,809 Times View My Garage	If he tries hard enough, he can palm it off to somebody with a 25K-30K discount on OTR. That still would be a great deal considering he may have done some additional work for interiors etc.
	() Thanks

11th June 2009, 11:44	#6
k2max6 BHPian Join Date: Apr 2007 Location: New Delhi Posts: 523 Thanked: 183 Times	Around 1 Lac down on OTR. Most Important - Owner Serial Changes. Moreover a person spending 12.5 lakhs can easily spend a little more (75k) to get the sports. - Plus what causes the hindrance is that you can get the top model(non-sports).One would think of buying that from the showroom brand new. -Typical thinking - why is the person selling so new,it may have some big problem. Last edited by k2max6 : 11th June 2009 at 11:51. Reason: Content Addition
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11th June 2009, 12:02	#8
amitk26 Senior - BHPian Join Date: Jul 2008 Location: Bangalore Posts: 2,089 Thanked: 715 Times	A new car is new car , Second owner goes for the car because first one has taken the hit of depreciation , So if the car is registered at least the person has to bear brunt of being first owner.
	() Thanks

11th June 2009, 16:29	#11
kpbhatt BHPian Join Date: Mar 2007 Location: Pune Posts: 349 Thanked: 33 Times View My Garage	Is this an automatic -- and is he keen on selling it in delhi itself? asking it since i am on a hunt for a not so new-not so old car myself.
	() Thanks

11th June 2009, 17:05	#12
ashthedivx Senior - BHPian Join Date: Feb 2007 Location: Delhi Posts: 1,356 Thanked: 24 Times	@bhatt - I bilieve it is the manual one. Also, he dosen't have any objection as far as new owner is transferring on his name. But i believe for registration in pune you might land up paying registration taxes again !! (Correct me)
	() Thanks

12th June 2009, 09:46	#15
ashthedivx Senior - BHPian Join Date: Feb 2007 Location: Delhi Posts: 1,356 Thanked: 24 Times	Thanks guys, Car Sold to another friend for 12.60. Mods can close the thread.
	() Thanks