[ruskinash]

Originally Posted by mayank4823

I purchased a new car which costed me 18.50 L on road. The invoice of the car shows the value as 15.85 Lac only. Is this normal or was it done to deliberately decrease my insurance premium while negotiating on that ? The invoice doesn’t mention Insurance Premium, RTO Fees, Service Value Package but even after adding all those things, The total doesn’t come out to be 18.50 L. I have opted for RTI so i’ll get 18.50 Lac or 15.85 L ?

Another question is - While renewing Insurance next year, should I go for Max IDV possible or should it be 10% less than the IDV in previous year Insurance policy ?

The Insurance premium is on the ex-showroom price.
RTI = Ex-showroom price + Registration Charges + Road Tax

You can opt for a higher IDV. This is in agreement with you and the insurer, and the traditional clause of depreciation does not apply.

[TurboSaty]

Hi everyone,

I am about to purchase the very first car in my family. I've booked the Mahindra XUV700 AX7L AWD. Yesterday I got a call from the dealership the my car has reached their stockyard and I've completed the PDI yesterday itself (With a lot of help of TeamBHP's checklist). While talking to the salesperson about the insurance and what all addons I can include, I suggested him to add Return-to-Invoice along with Zero Depreciation, Consumables, Engine Protection and Road Side Assistant.
He suggested me to not to include Return-to-Invoice as it will drastically increase the price of the insurance while the validity will be just upto 1 year, after which I have to renew the RTI along with my first party insurance every year. He also stated that if I renew it next year, I'll be getting the RTI value equivalent to deprecated value of my car.
Since I am absolutely new to car purchasing I am not sure what is right thing to do. Mahindra dealership didn't tell me about the insurance company from which I will be getting my car's insurance, so I can't even look into the company's terms and conditions or check the pricing online.
Here are few of my queries:
1. Is RTI really valid upto an year and from 2nd year onwards I'll get RTI amount equivalent to deprecated value of my car?
2. Is getting RTI add-on later is a good or bad idea?
3. Are there any add-ons I should choose or any from the ones I mentioned that I should avoid?

Thanks in advance!