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Originally Posted by Livnletcarsliv 1. For a given budget, when we go the pre-worshipped route, we can always buy a better car in terms of everything. But identifying the right car is a huge gamble. |
In my family, we have owned over 20 cars in the last 60 years. None of them till now have been bought new, and I don't think we'll buy new in the foreseeable future. Cars are one of the biggest expenses in your life. The first two being taxes and a house.
Taxes are unavoidable. A house is an appreciating asset. But a new car bought with a loan is the worst type of big expense that one can make. You loose 20% of the value the moment you drive it off the dealership. And add a loan to it, you're paying interest on something that you are loosing money on. Calculate the lost opportunity cost on investing that capital, in a five year ownership period, you'll be looking at a huge amount.
1. Yes, selecting the car is very important. Narrow down to two-three models that are known to give your priorities.
For eg, I'm looking for a chauffer driven second car for my dad. I've narrowed it down to 2006-08 Corolla, Honda City and SX4. These fit his requirements for a second car very well. Good back seat space and low maintenance cost. And easy enough to drive in town if he wants to. Fuel efficiency is a bit of a problem, but his primary car is a diesel vento which will be munching the highway miles.
Now, the most important part for choosing a used car is patience. Think of it like waiting for a new Hyundai Creta. You'll have to look at atleast three examples to know what conditions the cars will be in. Then you'll go through almost ten cars to find your perfect fit.
I waited three years to find my perfect car. A blue Fiesta 1.6 S. I knew it was a very rare car to find. But it fit my needs perfectly. I wanted a sporty sedan with a good NA engine and a great hydraulic steering. I had a Figo TDCi which was doing duty till I laid my hands on the 1.6S. So I was patient til the right car came by. I know that three years might seem a long time, but for a 1.6S, it was worth it. I feel even more connected to my car now, because of the wait.
In that three years, I have come across all sorts of examples of Fiestas. Ones that had the body kit. Ones that were diesel but with a 1.6S badge. Ones that had rust issues. Ones that had reversed odo readings. But be patient, the right car will come to you.
Of course, the whole process will be much much quicker if you choose a well sold car, like a swift or even a civic.
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Originally Posted by Livnletcarsliv 2. In terms of performance, you get more from a pre-worshipped one than a new one of the same cost. (for eg - buying a Seltos at 20L vs buying a used Compass at 20L). |
By going used, you get pretty much more of everything. You can easily get a used City instead of a new Amaze. You can get a used Corolla instead of a City.
The only exceptions to this rule would be with compact SUVs. This is a new category that has cropped up. Even then, I find that the EcoSport still drives a lot better than the Venue / Sonnet et al.
The other exception is in features. Most of the used cars won't have fancy bluetooth connectivity, android auto and the likes. But for most cars, this would be an easy retrofit. My sister's 2001 Alto 1.1 VXi has android auto for eg. Things like sun roofs and fuel efficient automatics might be a bit difficult to get though.
And you get a lot more value if you go for cars that are more than seven years old. For eg, a 20L new Creta vs a 20L BMW X1.
Also, older cars have quite a different set of advantages, like parts availability. Cars older than 15 years will have parts from salvaged cars. We had two opel astras till 2013, both clocked 2.25L kms. Again, patience is the key. Also, having multiple cars helps a lot with old cars. It wouldn't be a good idea to have a 10+ year old car as your daily driver.
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Originally Posted by Livnletcarsliv 3. If it is going to be lemon, how do you manage it? In fact, how do you identify in the first place, whether it is a lemon or not? |
To rule out a lemon, prefer owner sales than from used car dealerships. (Stealerships in Bangalore) And take her on a long test drive. There are plenty of youtube videos on how to check a used car. Also, take along a mechanic or ask to take the car to your FNG. Most genuine sellers should be okay with this. If the owner is an enthusiast with good records for the car, you most likely won't end up with a lemon.
It is also easy to avoid lemons. Check the number of owners and the number of kms. An unusually low run car with high number of owners is a risk. Check with the dealerships for the service history.
And in the worst scenario if you end up with a lemon, try to fix the car with an FNG's help. If that doesn't help, get a polish, wax and interior detailing and sell the car. Just a good detailing of a used car usually increases its value
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Originally Posted by Livnletcarsliv 4. Do you really care about the reason for the sale from the owner? If so, how do you know the authenticity? |
I do ask this question to find out more about what the owner thinks about the car. But don't expect honesty here. Just expect the worst and be prepared for it.
For eg, when we bought my dad's Vento, the owner said that he's selling the car as its windshield cracked on an auspicious day. Either way, we bought the car and one injector conked off after a week. Turns out that he had just gotten the ECU reset to hide the error code. But we got an almost pristine Vento for 5L, when the new one was selling for 15L. So the additional 30k for the injector didn't really make much of a difference when compared to the amount we had already saved. And the 1.6 TDi is well known for bad injectors too, so it wasn't an unexpected one.
So, I'd say, just be prepared for the worst. For most modern cars, worst case scenario would be a 1L repair for a DSG or a turbo. Just keep that in mind when buying the car.
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Originally Posted by Livnletcarsliv 5. How to convince the family members who don't like the pre-worshipped route at all? |
This is perhaps the hardest question of them all. My girlfriend comes from a family where they've never bought a used car. She wasn't convinced when I wanted to 'upgrade' to a 2009 Fiesta from a 2013 Figo. She urged me to look at some new cars. I'm glad that she loved driving that she drove my Figo and a new Swift and understood what build quality and handling is. I asked her to show me one car that handled better than the 1.6S under 30L and I'll buy that instead. (Abarth had been discontinued) But sadly, cars like the 1.6S aren't simply built today.
But at the end of the day, we are car enthusiasts. Our choices are driven by emotions and not by thinking. Heck if everyone was thinking just with numbers, 99% of members would be better off with taking Ola / Uber daily than buying and maintaining a car. I look at buying any car as an irrational decision anyway. So why not go all the way than going just half the way?
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Originally Posted by Livnletcarsliv Finally, what is your advice/recommendation to me to replace my "new car that is a lemon" from Tata stable to replace it with a pre-worshipped car? |
From your Harrier thread, I would actually like you to consider the TATA Hexa, Jeep Compass and Innova Crysta 2.8 AT.
Tata Hexa would be a great car. Much better suspension than the Harrier. Even bigger on the inside. Might be a bit cumbersome than the Harrier inside Chennai. But you'll get good examples for 10L. So invest the amount in hiring a driver when you're inside the city. Much easier than even driving an automatic hatchback. Or get a used automatic hatchback like a used Celerio for in-town duties.
Jeep Compass is much for the driver in you than your family. But on highways it is much more planted than any other car in your consideration.
Innova Crysta 2.8 AT. This car is reliable. And it is much faster than most cars on the road today. You can also get it remapped and get the most out of this engine.
As a wild card, I'd throw in a used 2012 Camry Hybrid or 2012+ Jetta TDI. You can get very good deals on both. And it'll be much more comfortable on these than any other SUVs that you've considered. Again, just hire a chauffeur or get a small hatchback for in-town duties.
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