Baleno, June 2004

rajaramk · 16th February 2005, 17:47

Hi Guys,

I have a June 2004, Pearl Silver Baleno LXI (Bangalore reg.), done abt 8700 Kms, stock, kenwood stero with 10 cd changer and remote locking being added on...

Currently it is in Company car lease and I am joining another company which does not have this - So I am looking at a couple of options
1. Sell the car - Any ideas on how much I might get, and who might be the best ppl to get this done through,
2. Refinance - Existing car lease is with Orix and I am not sure how to evaluate refinancing options.. ( I kind of prefer this Since I have runnin and got used to this specific car..)

Any and all advise highly appreciated

Surprise · 16th February 2005, 18:27

Where is the location of your new employer? If it is in any other state prefer selling the car. Processing the papers for transfer for other state is a tedious process & the resale value of your car will come down.

No idea on refinancing

rajaramk · 16th February 2005, 18:30

My next employer will also be in Bangalore so no problems there...

sonic · 16th February 2005, 18:37

[quote=rajaramk]Hi Guys,

1. Sell the car - Any ideas on how much I might get, and who might be the best ppl to get this done through.

QUOTE]

Well, I'd say that your car will fetch you max 4.8l if you are going to sell it. As for whom to go, I'd suggest placing an ad in Free Ads or Ad-Mag. Maruti True Value is where most ppl try to sell their old Maruti cars, but do not expect a good price from them.

Sell direct and it will help both you and the guy who is going to buy the car! You should have no problems in finding a buyer since the car is relatively new....

~Sonic

aadix · 16th February 2005, 22:06

refinance...
but can u do that? check it out

iceman91 · 16th February 2005, 22:09

you can get ir refinanced by any group total paperwork expenses 2000. better as it is a new car and who knows your new company might compensate you for this...also as you said you are used to it. 8700km on the odo is practically brand new.

satish_appasani · 16th February 2005, 23:58

Refinance. One of the bhpians Chaxy got his Bolero refinanced when he switched to a new job. You can contact him for more details.

rajaramk · 17th February 2005, 15:13

Hey Iceman, any ideas on a couple of companies I can talk to for refinancing?

tabrez02 · 17th February 2005, 15:19

Get it refinanced it by ICICI. They will do it !

tabrez02 · 17th February 2005, 15:23

And if you plan to sell, dont even think about giving it for 4.8 ! thats a 2yrs old car cost. You should get min of 5.25 in bangalore considering 9months old car and 8700Km reading.

aadix · 17th February 2005, 15:45

but if he refiances wont it have the intrest rates of an second hand car??
if that's the caes, i would try to sell the baleno first for a good rate and buy another vehicle
if not only then re fianance

tabrez02 · 17th February 2005, 15:48

Well yes it would be a re-finance for more interest. around 17-18%

rajaramk · 17th February 2005, 16:02

One of my friends had got a second hand car a 3 yrs back and the interst rate he mentioned was some 14-15 % (kotak mahindra was the financier ) then, I am hoping it will be around 11% - else I might have to anyways sell it...

sonic · 17th February 2005, 16:41

Quote:

Originally Posted by tabrez02

And if you plan to sell, dont even think about giving it for 4.8 ! thats a 2yrs old car cost. You should get min of 5.25 in bangalore considering 9months old car and 8700Km reading.

Tabrez, he'll be one lucky dude if he gets 5.25l for his car. I know it's only 9 months old, 8700 Kms and all...but that's just how much the resale is for a Baleno - it's no Honda City!

I was getting a 2003 (September) Baleno Vxi run 13,000 Kms for 5.3l - that too from TrueValue; And I didn't take it. Am getting a new Baleno Lxi for ~6l! Many ppl will think the same.....put-in a little more and get a new car.

~Sonic

tabrez02 · 17th February 2005, 17:35

You will not get a baleno VXi for 6l ! it would cost around 7.25l,
If you got Vxi for 5.3 (2003)then it was a good price, cause when at 2003 the guy would have paid almost 8.5l. The market has changed.

16th February 2005, 17:47	#1
rajaramk Newbie Join Date: Dec 2004 Location: Bangalore Posts: 11 Thanked: 0 Times	Baleno, June 2004 Hi Guys, I have a June 2004, Pearl Silver Baleno LXI (Bangalore reg.), done abt 8700 Kms, stock, kenwood stero with 10 cd changer and remote locking being added on... Currently it is in Company car lease and I am joining another company which does not have this - So I am looking at a couple of options 1. Sell the car - Any ideas on how much I might get, and who might be the best ppl to get this done through, 2. Refinance - Existing car lease is with Orix and I am not sure how to evaluate refinancing options.. ( I kind of prefer this Since I have runnin and got used to this specific car..) Any and all advise highly appreciated
	() Thanks

16th February 2005, 18:27	#2
Surprise Senior - BHPian Join Date: Feb 2005 Location: Chennai Posts: 2,523 Thanked: 454 Times	Where is the location of your new employer? If it is in any other state prefer selling the car. Processing the papers for transfer for other state is a tedious process & the resale value of your car will come down. No idea on refinancing
	() Thanks

16th February 2005, 18:30	#3
rajaramk Newbie Join Date: Dec 2004 Location: Bangalore Posts: 11 Thanked: 0 Times	My next employer will also be in Bangalore so no problems there...
	() Thanks

16th February 2005, 18:37	#4
sonic BHPian Join Date: Jan 2005 Location: Bangalore Posts: 97 Thanked: Once	[quote=rajaramk]Hi Guys, 1. Sell the car - Any ideas on how much I might get, and who might be the best ppl to get this done through. QUOTE] Well, I'd say that your car will fetch you max 4.8l if you are going to sell it. As for whom to go, I'd suggest placing an ad in Free Ads or Ad-Mag. Maruti True Value is where most ppl try to sell their old Maruti cars, but do not expect a good price from them. Sell direct and it will help both you and the guy who is going to buy the car! You should have no problems in finding a buyer since the car is relatively new.... ~Sonic
	() Thanks

16th February 2005, 22:06	#5
aadix Senior - BHPian Join Date: Mar 2004 Location: hyderabad Posts: 1,597 Thanked: 14 Times	refinance... but can u do that? check it out
	() Thanks

16th February 2005, 22:09	#6
iceman91 Senior - BHPian Join Date: Nov 2004 Location: melbourne/banga Posts: 1,961 Thanked: 34 Times View My Garage	you can get ir refinanced by any group total paperwork expenses 2000. better as it is a new car and who knows your new company might compensate you for this...also as you said you are used to it. 8700km on the odo is practically brand new.
	() Thanks

16th February 2005, 23:58	#7
satish_appasani Senior - BHPian Join Date: Jun 2004 Location: Hyderabad Posts: 1,112 Thanked: 104 Times View My Garage	Refinance. One of the bhpians Chaxy got his Bolero refinanced when he switched to a new job. You can contact him for more details.
	() Thanks

17th February 2005, 15:13	#8
rajaramk Newbie Join Date: Dec 2004 Location: Bangalore Posts: 11 Thanked: 0 Times	Hey Iceman, any ideas on a couple of companies I can talk to for refinancing?
	() Thanks

17th February 2005, 15:19	#9
tabrez02 BHPian Join Date: Nov 2004 Location: Bangalore Posts: 286 Thanked: 6 Times View My Garage	Get it refinanced it by ICICI. They will do it !
	() Thanks

17th February 2005, 15:23	#10
tabrez02 BHPian Join Date: Nov 2004 Location: Bangalore Posts: 286 Thanked: 6 Times View My Garage	And if you plan to sell, dont even think about giving it for 4.8 ! thats a 2yrs old car cost. You should get min of 5.25 in bangalore considering 9months old car and 8700Km reading.
	() Thanks

17th February 2005, 15:45	#11
aadix Senior - BHPian Join Date: Mar 2004 Location: hyderabad Posts: 1,597 Thanked: 14 Times	but if he refiances wont it have the intrest rates of an second hand car?? if that's the caes, i would try to sell the baleno first for a good rate and buy another vehicle if not only then re fianance
	() Thanks

17th February 2005, 15:48	#12
tabrez02 BHPian Join Date: Nov 2004 Location: Bangalore Posts: 286 Thanked: 6 Times View My Garage	Well yes it would be a re-finance for more interest. around 17-18%
	() Thanks

17th February 2005, 16:02	#13
rajaramk Newbie Join Date: Dec 2004 Location: Bangalore Posts: 11 Thanked: 0 Times	One of my friends had got a second hand car a 3 yrs back and the interst rate he mentioned was some 14-15 % (kotak mahindra was the financier ) then, I am hoping it will be around 11% - else I might have to anyways sell it...
	() Thanks

17th February 2005, 17:35	#15
tabrez02 BHPian Join Date: Nov 2004 Location: Bangalore Posts: 286 Thanked: 6 Times View My Garage	You will not get a baleno VXi for 6l ! it would cost around 7.25l, If you got Vxi for 5.3 (2003)then it was a good price, cause when at 2003 the guy would have paid almost 8.5l. The market has changed.
	() Thanks