Planning to buy a jeep... Need help with basic rules

viruz · 23rd February 2009, 12:43

Hi,

I had moved into hyderabad an year back and I was thinking of purchasing a used vehicle (Jeep). I have found a 1971 Mahindra&Mahindra CJ3-B jeep in good condition. But i am not really aware of the rules regarding such classics and I needed to know regarding the following:

1) Is there an age limit for Motor Vehicles? If yes what is the age limit? I would really want to drive it on the roads...

2) As you would be aware, this particular jeep would be an open type one and will not have any doors. Is using such a jeep illegal in any way due to the safety aspects?

3) Due to its age, i would not be able to get a comprehensive insurance for this vehicle. I would be able to get only a third party insurance. Would this be enough?

4x4addict · 24th February 2009, 02:18

The only think I can say my dear friend is that you don't use your brain you buy a CJ3-B, you use your heart.

GTO · 24th February 2009, 14:56

Quote:

Originally Posted by viruz

1) Is there an age limit for Motor Vehicles? If yes what is the age limit? I would really want to drive it on the roads...

RTO's in most large cities now require 15+ year old vehicles to get a fitness certificate. Validity = 5 years. Related thread.

Quote:

2) As you would be aware, this particular jeep would be an open type one and will not have any doors. Is using such a jeep illegal in any way due to the safety aspects?

Nope. Make sure you have a sturdy well-installed roll bar in place to cover the safety aspect.

Quote:

3) Due to its age, i would not be able to get a comprehensive insurance for this vehicle. I would be able to get only a third party insurance. Would this be enough?

Yup, my Jeeps book value is so low now, that I have also opted for third-party insurance.

bigman · 1st March 2009, 22:59

Quote:

Originally Posted by GTO

Yup, my Jeeps book value is so low now, that I have also opted for third-party insurance.

Wow, can't you specify a value for your Jeep ? Book values are meaningless as if you want a good Classic then they still command a decent price.

Some of the guys on here have spent close to 2lakh on buying and restoring their MM550s, also ones in similar condition are advertised at RS2.5L upwards

viruz · 2nd March 2009, 14:37

Quote:

Originally Posted by 4x4addict

The only think I can say my dear friend is that you don't use your brain you buy a CJ3-B, you use your heart.

hehe... liked what you said, and i did follow my heart and bought one btw... :-)

viruz · 2nd March 2009, 17:21

thnx GTO... i have bought a 1969 Mahindra CJ3-B. Currently its being restored, would put up the pics soon... and i paid 65 for the vehicle which was in running condition and i thing i would have it restored for 1lakh and including tyres and alloys 1.5L (including the cost of the jeep)

GTO · 3rd March 2009, 11:19

Quote:

Originally Posted by bigman

Wow, can't you specify a value for your Jeep ? Book values are meaningless as if you want a good Classic then they still command a decent price.

Some of the guys on here have spent close to 2lakh on buying and restoring their MM550s, also ones in similar condition are advertised at RS2.5L upwards

IIRC, my Jeeps book value (according to insurance company depreciation rates) is 50,000 - 60,000 now (price when new in '97 was 345,904). I just spent like 4x that amount in restoring her last year. As you can see, its a massive loss in case of theft / major accident. However, the actual resale price would be far healthier (not that I am selling

).

I'd guess this is the problem with any old car - including vintages - on which the restoration / repair bill is 75+ % of the invoice price when new.

bigman · 3rd March 2009, 12:39

GTO,

Has the specialist insurance market not yet developed in India ?

Surly someone with a well restored car from say the 1930s would never insure on the so called book value.

Can you not specify a higher insurance value ? After all it will be reflected in a higher premium so the insurance company hardly loses out.

GTO · 3rd March 2009, 15:57

Quote:

Originally Posted by bigman

Has the specialist insurance market not yet developed in India ?

Maybe it has for vintage cars? I remember seeing a similar discussion over in that section.

But a 10 year old Jeep is hardly a specialist vehicle

.

Quote:

Can you not specify a higher insurance value ? After all it will be reflected in a higher premium so the insurance company hardly loses out.

I was told that the actual payout (in case of any loss) will be calculated by the book value anyways. What's the point of paying a higher premium then?

TheARUN · 5th March 2009, 10:12

Congratulations mate. Can't wait for the pictures.

I'm also searching for a CJ3B, but with a 35,000 budget, the more run down the better

bhp1 · 5th March 2009, 17:59

Hi, Im getting a MM Classic(red) 97 model, repainted but not accidental. How much do you think is the right price for the Jeep?

23rd February 2009, 12:43	#1
viruz Newbie Join Date: Feb 2009 Location: Hyderabad Posts: 8 Thanked: Once	Planning to buy a jeep... Need help with basic rules Hi, I had moved into hyderabad an year back and I was thinking of purchasing a used vehicle (Jeep). I have found a 1971 Mahindra&Mahindra CJ3-B jeep in good condition. But i am not really aware of the rules regarding such classics and I needed to know regarding the following: 1) Is there an age limit for Motor Vehicles? If yes what is the age limit? I would really want to drive it on the roads... 2) As you would be aware, this particular jeep would be an open type one and will not have any doors. Is using such a jeep illegal in any way due to the safety aspects? 3) Due to its age, i would not be able to get a comprehensive insurance for this vehicle. I would be able to get only a third party insurance. Would this be enough?
	() Thanks

24th February 2009, 02:18	#2
4x4addict Distinguished - BHPian Join Date: Nov 2007 Location: Chennai Posts: 4,483 Thanked: 4,531 Times View My Garage Infractions: 0/1 (5)	The only think I can say my dear friend is that you don't use your brain you buy a CJ3-B, you use your heart.
	() Thanks

2nd March 2009, 17:21	#6
viruz Newbie Join Date: Feb 2009 Location: Hyderabad Posts: 8 Thanked: Once	thnx GTO... i have bought a 1969 Mahindra CJ3-B. Currently its being restored, would put up the pics soon... and i paid 65 for the vehicle which was in running condition and i thing i would have it restored for 1lakh and including tyres and alloys 1.5L (including the cost of the jeep)
	() Thanks

3rd March 2009, 12:39	#8
bigman Senior - BHPian Join Date: Oct 2005 Location: NA Posts: 1,224 Thanked: 93 Times	GTO, Has the specialist insurance market not yet developed in India ? Surly someone with a well restored car from say the 1930s would never insure on the so called book value. Can you not specify a higher insurance value ? After all it will be reflected in a higher premium so the insurance company hardly loses out.
	() Thanks

5th March 2009, 10:12	#10
TheARUN Senior - BHPian Join Date: Sep 2008 Location: Bangalore Posts: 1,373 Thanked: 958 Times View My Garage	Congratulations mate. Can't wait for the pictures. I'm also searching for a CJ3B, but with a 35,000 budget, the more run down the better
	() Thanks

5th March 2009, 17:59	#11
bhp1 BANNED Join Date: Jul 2008 Location: NA Posts: 513 Thanked: 4 Times	Hi, Im getting a MM Classic(red) 97 model, repainted but not accidental. How much do you think is the right price for the Jeep?
	() Thanks