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Originally Posted by sukeshs I like the way you think. Can I borrow your negotiation skills for a while |
Of course yes! But if the wife throws brickbats, I'm not in the picture, ok?
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Originally Posted by vishwas Can team-BHP work on a historical list of used cars and their ratings and trouble spots. |
Vishwas, that's an outstanding suggestion. I am sure, with time, Team-BHP will present data in a more organised (tabular?) format, in addition to the forum.
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Originally Posted by AlokSriva Anyway, after a few days later, I thought of considering a pre-owned Montero as an option and started scouting for it in Delhi/NCR market. Have a couple of leads but the asking price in the vicinity of 25L for DI-D (post facelift, Sep 2007) is something which is a bit beyond my budget. |
The Montero is an all-rounder of an SUV. Great choice, mouth-watering deals in the used market. Excellent ride, acceptable handling, well equipped, torquey diesel and stunning looks...the Mitsu has it all.
Keep looking. North India was amongst the biggest markets for the Montero. But even then, its a premium SUV that sold in single digits over most months. You will have to be patient.
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Originally Posted by razor4077 So here's one point: Several companies provide cars to their senior employees, and these are normally upgraded every 3-4 years. At this point, the old cars are sold off at fairly low prices (often below the going market rate, as in my case). If you know folks who work in such companies, ask them to keep their ears open and inform you in case some cars are being sold. This obviously won't work if you're looking for a car urgently, but if you have time this is an option worth exploring. |
Thanks for sharing this tip.
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I'm a big believer in lateral upgrading, as GTO puts it. But I also have a limit on the age of any used car I buy - which is a maximum of 2-3 years. In addition, I would prefer to go in for a brand that is known for its reliability. Japanese manufacturers like Honda, Toyota and Mitsubishi come to mind. I generally would avoid Indian, American or European used cars.
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Agreed. I reiterate that Japs make for the best used buys, followed by Koreans.
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Originally Posted by IronH4WK how different is the drive in a SUV and a sedan (say ANHC/Civic)? i know the comfort factor is higher in sedans, but are SUV like Pajero/ Fortuner that uncomfortable, say for long drives? |
The Pajero has good ride quality, Fortuner so so. Thing is, you'll enjoy driving a sedan a lot more. Sedans have a lower center of gravity, are lighter and generally have better grip levels, quicker steerings and better brakes. All things equal, they are also better performers (0 - 100 etc.).
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Originally Posted by naj I have a Ford Ikon 1.6 and it just has 25k on the odo in 5 years.Since I am a seafarer the car remains unused for a greater part of time.
I am thinking for going for a lateral upgrade now after reading your meticulous thread.But have found that what I am getting for my immaculate Ikon is a meager sum.In such cases as mine what should be done? |
Oh well, you are forcing me to reveal my thoughts on the 3rd thread in this series :
How your existing car can make you feel better! That is, enhancing the ownership experience from your existing set of wheels.
See, you'll get peanuts for your well-maintained Ikon. Plus, the 1.6 remains a fun car to drive. My suggestion : Spend 50 grand in sprucing her up (alloys, tyres, ICE, whatever makes you feel better). No sense selling her now.
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Originally Posted by harishF1 Adding to the discussion, another aspect that matters most is the difference between the price you pay for a vehicle (new/ used) vs the amount you recover when you sell it... How many of us here have made a profit when we do this? If not profitable, has the loss been the least? If so, for which vehicle and how much? |
I doubt anyone profits, though everyone
SAVES. See, a car depreciates quickest in its first 2 - 3 years of age. By buying used, say a 3 year old car, the original owner has already taken a massive depreciation hit. So:
a) You get a better car for less moolah
b) At the time of selling, you stand to lose a smaller amount in depreciation. Example of my Civic : The original owner lost 5 - 6 lakhs in 2.xx years alone. If I sell the Honda after two years, I should get atleast 5.5 - 6.0 lakhs. Or after 5 years, she'd procure 3.5 - 4.0 lakhs. Net net, the original owner lost 6 lakhs after 2.xx years of usage (2.4 lakhs per year). I lose only 4.5 after 5 years of usage (Rs. 0.9 lakhs per year). My rate of depreciation losses are only 37.5% that what the original owner suffered.