Here at Team-BHP, we often suggest waiting for a while before buying a freshly launched car model. We recommend waiting for the "Version 2" of a new car so that the company gets some time to iron out the niggles that may arise in the "Version 1" of a car. Nobody wants to be a beta tester for the manufacturer. However, there are some drawbacks to buying a Version 2. Let's have a look at the pros of buying version 1 and version 2 of a new car.
Pros of buying a version 1
Get the latest offering in town:
It is always exciting to own something that is newly introduced in the market. Many people take a sense of pride in saying, "My car is from the first lot". You will also get a lot of attention from others who are curious to know more about your latest acquisition.
Benefit from introductory prices:
Most cars are launched at an "introductory price", which is lower than the intended price. This is to attract more people to the showrooms and secure as many bookings as possible. This price is increased after a month or two. It is then hiked regularly - sometimes multiple times a year and those buying the car a year later end up paying a lot more. Buying a vehicle at the introductory price helps you save some money.
Get the latest set of features:
A new model is generally equipped with the latest features in the market. This is done to make the car more attractive to buyers compared to the established players. They may be deleted from the car at a later stage to keep the price from rising too much. For instance, the Honda Jazz came with a magic seats option at launch but was discontinued after a while. Then, the second-gen Mahindra Thar got manual lumbar adjustment at launch but was removed after some time. So if one is looking to get the latest set of features possible in a car, get version 1 of the car.
Get an exclusive variant:
Some manufacturers like Mercedes-Benz launch a "Launch Edition" of certain models. These are limited in number and offer more exclusivity compared to the regular variants of the car.
More powerful engines:
Some cars are available with bigger and more powerful engines when they are launched. For instance, cars like the Maruti S-Cross and Toyota Innova Crysta came with higher capacity engines at the time of launch (1.6L diesel & 2.8L diesel respectively). After a while, these engines were discontinued. Later buyers were forced to opt for the 1.3-litre and 2.4-litre motors which had lesser power and torque.
Pros of buying a version 2
Avoid niggles and issues:
One of the biggest cons of buying a version 1 car is the threat of niggles and other issues that pop up. You essentially become a beta tester of the product. We have read innumerable horror stories of cars breaking down, some on the day of delivery itself. No cars from Tatas to Toyotas are immune to niggles when new products are launched. Many of these cars repeatedly visit the service centres to solve issues. With version 2, these issues are mostly ironed out, ensuring that the car buyers have a more pleasant ownership experience. For instance, the second-gen Mahindra Thar's suspension was really bouncy when the car was launched. With time, Mahindra softened it a little and made it liveable.
Get a clearer picture of ownership experience and reliability:
Buyers of version 1 of a car will not have enough information on the long-term reliability of a product. Waiting for version 2 will give a better idea of what a car is to live with. Team-BHP ownership reviews give you all the information that brochures don't. Information like real-world fuel efficiency, necessary upgrades and essential accessories among other things are something that you get to know about from other owners. This helps buyers to be more prepared for the ownership of the cars.
Feature additions:
Sometimes, manufacturers add features to a car some months or years after the car is launched. Version 1 buyers lose out on the new features. For instance, the Harrier, Tata added one of the standout features that customers look for. The version 1 Harrier did not get a sunroof, but the version 2 Harrier got a panoramic sunroof.
Avoid long waiting periods for some cars after launch:
If a product does much better than the manufacturer expects, it will command a very long waiting period. The Mahindra XUV700 and second-gen Thar are examples of such cars. The price, features and status associated with these cars offered, drew massive crowds to the showrooms. The company was not producing enough to meet the number of bookings it had garnered. This led to very long waiting periods. Waiting for version 2 of a car might be advantageous as the early rush is avoided and a quicker delivery is possible.
Get discounts:
When a car is launched, it is not likely to be offered with any discount. However, if a car does not do too well in the market, its price is slashed to attract customers. The Maruti Jimny is a recent example.
Would you buy version 1 of a car and deal with all the niggles and issues that crop up and live with them or wait for version 2 and buy a car which might have also lost some of the features the launch car had?