[DivyanshuDiv]

Originally Posted by arjpillai

BHPians, what would be a fair price for a 2020 August Ignis Delta MT, which has run 18k km, 1 owner, no insurance, and no mechanical or cosmetic issues whatsoever?

Looking to buy my first car. Owner has said 4.8L, but is open to negotiation.

Hopefully this is a BS6 car. At this time, Ignis was getting decent discounts, and at has been 4 years. Considering depreciation and model. The max should not be more than 4L.

[sharmanova]

Originally Posted by anish

What’s a good price for Honda elevate zx cvt gurgaon registered - dec’23 mfg and Jan ‘24 registration? Owner is asking for 15.5 .
Had checked with Honda for new car offer. They are offering 17.9 on phone. Assuming this well go to 17.7 post negotiation.

I recommend you to stay from this car @anish. Why would anyone sell their 8 month old car? If the owner is moving abroad or is selling due to some emergency, please make a thorough inspection of the car.

[anish]

Originally Posted by sharmanova

I recommend you to stay from this car @anish. Why would anyone sell their 8 month old car? If the owner is moving abroad or is selling due to some emergency, please make a thorough inspection of the car.

Owner is moving abroad and the deal will be finalized post service centre check up and verified insurance and service records

[sharmanova]

Originally Posted by anish

Owner is moving abroad and the deal will be finalized post service centre check up and verified insurance and service records

So if that's the case, then 15.5L for a 8 month Elevate seems to be mouth-watering. But still try to negotiate a bit more

[Lobogris]

Originally Posted by sharmanova

So if that's the case, then 15.5L for a 8 month Elevate seems to be mouth-watering. But still try to negotiate a bit more

Just 2 lakhs discount isn’t enough. There should be a minimum 4 lakhs discount to make it worth buying this vs a new one.

Originally Posted by arjpillai

BHPians, what would be a fair price for a 2020 August Ignis Delta MT, which has run 18k km, 1 owner, no insurance, and no mechanical or cosmetic issues whatsoever? Looking to buy my first car. Owner has said 4.8L, but is open to negotiation.

It’s 4 years old. Don’t pay more than 3.5 lakhs.

[hardilip]

My friend is in market for a 7 seater. He has come across with one of his close contact for a 2nd hand Innova, I just want to check here what will be the better price for the car if he wants to take it?

Car Details:

Car: Innova Crysta
Colour: White
Model: ZX 2.8 7 Seater with Captain Seats
Registration 2019
Mfd: 2018 (I assume)
Kms driven: 1,43,000
Asking price: 22L

[SrinathCh]

I came across a deal to buy a used Tiguan, which is September 2022 registered. It has around 16000 on the odometer, single owner, full service history available with no issues.

The on-road price at the time of purchase is 42 lakhs(Bangalore). What is the fair price for this car as it is difficult to find similar examples in popular used car sites?

[drsnt]

I plan to change my wife's Toyota Yaris VX CVT, less than 28k done. Full-service records are available. 2018 made 2019 registered. Jh no. Red colour. No complaints or any issues with the car, zero dep insurance. She wants a smaller car and I need to buy a seven-seater for family and dogs.

What should be my expectations?

[ashkamath]

Originally Posted by SrinathCh

I came across a deal to buy a used Tiguan, which is September 2022 registered. It has around 16000 on the odometer, single owner, full service history available with no issues.

The on-road price at the time of purchase is 42 lakhs(Bangalore). What is the fair price for this car as it is difficult to find similar examples in popular used car sites?

OTR price in 2022 is 42L
Apply 10% depreciation for 2023 - Rs. 42L - Rs 4.2L = Rs. 37.8L
Apply 10% depreciation for 2024 - Rs 37.8L - Rs 3.78 = Rs. 34.02 L or say 34L.

The car has run 16000 Kms in 2 years. About 8000 Kms per year at an average of 670 kms per month or say 22 Kms per day (average). No deduction here.

Next is the maintenance and upkeep of the car. If the car is exceptionally maintained (some say, like brand new, just out of showroom condition), then add say 1 Lakh here. If the maintenance is average, then deduct 1 L here.

Then the market supply & demand. Is the car a fast moving car, like a Swift or Baleno or WagonR that retains a high market value or if its a car no one would buy, even at a discount? A pre-owned Taigun is perhaps not a highly in demand model, though I am not sure. You can subtract another 2L as it's not a fast selling car or a car in great demand.

Any brand premium?.VW not much. Toyota Yes.
Petrol or Diesel? If diesel car, then NGT sword is dangling everywhere. That adds to the depreciation. You may not get full 15 years (13 years to be precise) with the car. Then counter argument is diesel engines give better fuel efficiency and have better torque. So addition or deduction is debatable here.

So that brings to the following. 34L +1L (well maintained) -2L = 33L

Start the bargain at 30L, settle at 33L

Guys, these figures are just letting my thoughts fly. Take them with a pinch of salt. Further, Other factors to consider are urgency / desperation to sell, accident history, number of owners, compelling reason to sell etc.

[singleton]

Originally Posted by SrinathCh

I came across a deal to buy a used Tiguan, which is September 2022 registered. It has around 16000 on the odometer, single owner, full service history available with no issues.

Noticed a similar discussion in a VW wp group. The comments there were that MY23 cars are being sold by KA showrooms for as low as 34L OTR this year, so you might want to consider that. Also do check E20 compliance

[sharmanova]

Originally Posted by hardilip

My friend is in market for a 7 seater. He has come across with one of his close contact for a 2nd hand Innova, I just want to check here what will be the better price for the car if he wants to take it?

Man, ₹22L for 5 year old Innova is too much, plus it has run 1L+ kms. That's why buying a used Toyota doesn't make sense atleast financially, because depreciation is a joke for these cars. Try to get the car for ₹20L or get a New Crysta!

Originally Posted by SrinathCh

I came across a deal to buy a used Tiguan, which is September 2022 registered. It has around 16000 on the odometer, single owner, full service history available with no issues.

Agree with @ashkamath. 32-34 lakhs is the sweet spot for a 2 year old Tiguan.

Originally Posted by drsnt

What should be my expectations?

You can expect offers anywhere between ₹7.5-₹8.25L .

[Anki_252hp]

What's the ideal price range for June 2011, Delhi Registered Verna Fludic SX Petrol Model, 95K Driven. It runs much more smoother than many current cars, but had to let it go due to NGT 15 years rule.

[sharmanova]

Originally Posted by Anki_252hp

What's the ideal price range for June 2011, Delhi Registered Verna Fludic SX Petrol Model, 95K Driven. It runs much more smoother than many current cars, but had to let it go due to NGT 15 years rule.

You can expect offers anywhere between ₹3.6-₹4 Lakhs.

[rayjaycleoful]

Originally Posted by Anki_252hp

What's the ideal price range for June 2011, Delhi Registered Verna Fludic SX Petrol Model, 95K Driven. It runs much more smoother than many current cars, but had to let it go due to NGT 15 years rule.

1.5ish should be good

[SrinathCh]

Originally Posted by singleton

Noticed a similar discussion in a VW wp group. The comments there were that MY23 cars are being sold by KA showrooms for as low as 34L OTR this year, so you might want to consider that. Also do check E20 compliance

I don't think MY23 stock is anymore available, at least in Bangalore. According to one of the VW sales advisor, VW has added E20 compliance only in 2023.