Selling my car - what would be a fair price

johy · 29th March 2006, 18:00

Hi all,

This is my first post here. I am looking to sell my silver-colored Santro Deluxe 1999 (May 1999) (AC/Heater, power steering, power windows, rear defogger and wiper). I myself bought it second hand in January 2005 from a friend for 1.75 lacs. It has run 76,000 kms and is well maintained. Power windows have been fitted for the rear windows as well. The car has a Kenwood cassette stereo and is fitted with alloy wheels. I live in small congested town (Siliguri, West Bengal) where the car gives me a mileage of 14 kmpl. The tax has been paid till May 2010 and the insurance (comprehensive) till May 2006. What should be the fair price for it?

The local Hyundai dealer is offering me Rs 1.40 Lac under an exchange offer. I feel it is some less. Also, I feel that if I sell it to an individual, I can then put the money into buying any other car besides one from Hyundai.

Pictures are here.

All comments are welcome and most appreciated. Thanks in advance.

johy

jkdas · 29th March 2006, 18:35

HOw much did you spend for teh car? and what car are you gonna buy next? If its a xing; use the old alloys

johy · 29th March 2006, 18:38

I spent Rs 18,000 odd for the tax and say another 10 K or so on repairs.

kb100 · 29th March 2006, 18:41

JOHY

Welcome on board!...All newcomers are advised to go through the RULES first.

Looks like you have a neat, well maintained car. I realise you are only seeking a resale price point - however I feel it may be better accomplished if you post this in the MARKETPLACE section. There is a specific format in which the information has to be provided.

Enjoy your stay here!.. and good luck with your sale!

johy · 29th March 2006, 19:18

Hi kb100,

Thanks a lot. It does feel great to be here. I just tried posting under MARKETPLACE, but it seems I just don't have enough priviliges to do that

The message I got is " .......... you do not have permission to access this page. This could be due to the following reason:

Your user account may not have sufficient privileges to access this page.
Please refer to the Announcements section of this forum where different membership levels are explained in detail."

@jkdas,

Well, it could be a Wagon-R Vxi, a Santro again, a Getz, or even a Hyundai Accent (in the order of preference).

Thanks

LLL · 29th March 2006, 19:23

My calculations:

WIll knock of depreciation 20% == 1.75*0.2 = 0.35 L
Tax component 0.8*18k = 15K
total = 50k

hence final = 1.75 + 0.18 (tax) - 0.35 - 0.15 = 1.43 Lakhs. Thats the max amount i would pay if i were to buy it.

kb100 · 29th March 2006, 20:15

Oh!!.. Dint realise it does that!...

Anyways ..Advice on new car purchase - you are in the right place! MOst new comers here routinely go thru this disease called "mild-confusion" .. some have been known to be afflicted permanetly!!

Quote:

Originally Posted by johy

Well, it could be a Wagon-R Vxi, a Santro again, a Getz, or even a Hyundai Accent (in the order of preference).

ha Ha... Get set to work on that order a little (.. or a lot as the case may be!)

Soon the learned shall speak!

Zappo · 31st March 2006, 11:16

Quote:

Originally Posted by johy

Hi all,

This is my first post here. I am looking to sell my silver-colored Santro Deluxe 1999 (May 1999) (AC/Heater, power steering, power windows, rear defogger and wiper). I myself bought it second hand in January 2005 from a friend for 1.75 lacs. It has run 76,000 kms and is well maintained. Power windows have been fitted for the rear windows as well. The car has a Kenwood cassette stereo and is fitted with alloy wheels. I live in small congested town (Siliguri, West Bengal) where the car gives me a mileage of 14 kmpl. The tax has been paid till May 2010 and the insurance (comprehensive) till May 2006. What should be the fair price for it?

The local Hyundai dealer is offering me Rs 1.40 Lac under an exchange offer. I feel it is some less. Also, I feel that if I sell it to an individual, I can then put the money into buying any other car besides one from Hyundai.

Pictures are here.

All comments are welcome and most appreciated. Thanks in advance.

johy

Well johy... considering that you purchased it as a pre-owned car for 1.75 lacs and then used it for another 4+ years I think you are getting Rs 1.40Lacs as a very fair value. The fact is yours is a 99 model, on top of that it has had 2 previous owners, at the least. For a car of that sorts you are really getting a very good value. I think yours is not a 1.1L epsilon engine, right? Even if you do not want to sell it to the local Hyundai dealer sell it off for something close to that price to any individual buyer, if you can locate one.

ajmat · 31st March 2006, 11:42

I sold my mothers Sept 1999 in Oct. Pls see here

http://www.team-bhp.com/forum/market...0-dx-sale.html

A friend bought it and paid more than the market. 1.43 from a dealer is a steal esp when prices are reduced

Surprise · 31st March 2006, 12:11

Quote:

Originally Posted by johy

Hi all,

This is my first post here. I am looking to sell my silver-colored Santro Deluxe 1999 (May 1999) (AC/Heater, power steering, power windows, rear defogger and wiper). I myself bought it second hand in January 2005 from a friend for 1.75 lacs. It has run 76,000 kms and is well maintained. Power windows have been fitted for the rear windows as well. The car has a Kenwood cassette stereo and is fitted with alloy wheels. I live in small congested town (Siliguri, West Bengal) where the car gives me a mileage of 14 kmpl. The tax has been paid till May 2010 and the insurance (comprehensive) till May 2006. What should be the fair price for it?

The local Hyundai dealer is offering me Rs 1.40 Lac under an exchange offer. I feel it is some less. Also, I feel that if I sell it to an individual, I can then put the money into buying any other car besides one from Hyundai.
All comments are welcome and most appreciated. Thanks in advance.

johy

Seems to be good offer from the dealer. You can part with him or you can get a estimate from him for your car in their letter head, find out a direct buyer. You can tell the direct buyer that dealer has offered this price & ask him additional 5k to close the deal. Good luck.

Samurai · 31st March 2006, 19:33

Since johy is a newbie he won't be able to respond to this thread. Hope he got the info he needed.

29th March 2006, 18:00	#1
johy BHPian Join Date: Mar 2006 Location: Siliguri Posts: 972 Thanked: 622 Times View My Garage	Selling my car - what would be a fair price Hi all, This is my first post here. I am looking to sell my silver-colored Santro Deluxe 1999 (May 1999) (AC/Heater, power steering, power windows, rear defogger and wiper). I myself bought it second hand in January 2005 from a friend for 1.75 lacs. It has run 76,000 kms and is well maintained. Power windows have been fitted for the rear windows as well. The car has a Kenwood cassette stereo and is fitted with alloy wheels. I live in small congested town (Siliguri, West Bengal) where the car gives me a mileage of 14 kmpl. The tax has been paid till May 2010 and the insurance (comprehensive) till May 2006. What should be the fair price for it? The local Hyundai dealer is offering me Rs 1.40 Lac under an exchange offer. I feel it is some less. Also, I feel that if I sell it to an individual, I can then put the money into buying any other car besides one from Hyundai. Pictures are here. All comments are welcome and most appreciated. Thanks in advance. johy
	() Thanks

29th March 2006, 18:35	#2
jkdas Senior - BHPian Join Date: Sep 2005 Location: Thiruvananthapu Posts: 9,687 Thanked: 1,492 Times View My Garage	HOw much did you spend for teh car? and what car are you gonna buy next? If its a xing; use the old alloys
	() Thanks

29th March 2006, 18:38	#3
johy BHPian Join Date: Mar 2006 Location: Siliguri Posts: 972 Thanked: 622 Times View My Garage	I spent Rs 18,000 odd for the tax and say another 10 K or so on repairs.
	() Thanks

29th March 2006, 18:41	#4
kb100 Senior - BHPian Join Date: Feb 2006 Location: Bangy Boy! Posts: 1,555 Thanked: 21 Times	JOHY Welcome on board!...All newcomers are advised to go through the RULES first. Looks like you have a neat, well maintained car. I realise you are only seeking a resale price point - however I feel it may be better accomplished if you post this in the MARKETPLACE section. There is a specific format in which the information has to be provided. Enjoy your stay here!.. and good luck with your sale! Last edited by kb100 : 29th March 2006 at 18:44.
	() Thanks

29th March 2006, 19:18	#5
johy BHPian Join Date: Mar 2006 Location: Siliguri Posts: 972 Thanked: 622 Times View My Garage	Hi kb100, Thanks a lot. It does feel great to be here. I just tried posting under MARKETPLACE, but it seems I just don't have enough priviliges to do that The message I got is " .......... you do not have permission to access this page. This could be due to the following reason: Your user account may not have sufficient privileges to access this page. Please refer to the Announcements section of this forum where different membership levels are explained in detail." @jkdas, Well, it could be a Wagon-R Vxi, a Santro again, a Getz, or even a Hyundai Accent (in the order of preference). Thanks
	() Thanks

29th March 2006, 19:23	#6
LLL BHPian Join Date: Mar 2005 Location: Delhi Posts: 635 Thanked: 2 Times	My calculations: WIll knock of depreciation 20% == 1.750.2 = 0.35 L Tax component 0.818k = 15K total = 50k hence final = 1.75 + 0.18 (tax) - 0.35 - 0.15 = 1.43 Lakhs. Thats the max amount i would pay if i were to buy it.
	() Thanks

31st March 2006, 11:42	#9
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,863 Thanked: 27,973 Times View My Garage	I sold my mothers Sept 1999 in Oct. Pls see here http://www.team-bhp.com/forum/market...0-dx-sale.html A friend bought it and paid more than the market. 1.43 from a dealer is a steal esp when prices are reduced
	() Thanks

31st March 2006, 19:33	#11
Samurai Team-BHP Support Join Date: Jan 2005 Location: Bangalore/Udupi Posts: 25,828 Thanked: 45,545 Times View My Garage	Since johy is a newbie he won't be able to respond to this thread. Hope he got the info he needed.
	() Thanks