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-   -   The "USED" Car Price Check Thread (https://www.team-bhp.com/forum/indian-car-scene/93778-used-car-price-check-thread-698.html)

I won't blame the owner. The price seems right. The best way is to check ads for the similar car in OLX/Quickr. One thing to note here is that used car prices in Bangalore are a LOT higher than in Pune/Delhi/Mumbai. To put things in perspective, a used 2002 Lancer in good condition sells for no less than 1.4 - 1.5 L here in Bangalore while a similar model goes for less than a lakh in the North. Similarly a 2004-2005 Corolla sells no less than 3 L here.

It is ridiculous in Bangalore, just saw ads on Carwale of two 2011 Q5, same version, one in Kolkata which has done 10K kms, and the other in Bangalore which has done 22K kms. Kolkata asking price is 20L and Bangalore is 40L. Now how do you explain this.

In this case, it is highly over priced. Why would someone pay 40l for a car that invoiced for about 50 -55 in 2011 in bangalore? 25 sounds more like it, even at Bangalore prices.

I am considering buying a pre owned Jazz in Mumbai. Recently drove one and the car is a gem , quality of interiors is top notch , didn't sell unfortunately.
Prices range between 4-4.5 lacs for 2009-2010 models run about 40-60K Kms . Cannot locate one which has run less.

I am actually confused between pre owned 2010 Jazz or a pre owned 2012 Brio.
Both are available at similar prices.

With the new Jazz round the corner should prices of old ones Drop or Go up . What you do you feel.

Based on olx/carwale/team bhp and other discussions outside the online forum, I felt the price takes a 20-25% hit for every hands changed, on top of depreciation.
Also, first owners for similar car and same model are quoting similar price. I fail to understand how second owner cars can cost the same.

How about an S 350. 6000kms. 2003. The owner says the spare. He moved to the U.S. and the car just stayed here. I saw the car and it does look like it wasn't used much. I'm just worried about the year.

What should be a good deal ?

Do check places like Brake Pedal, Seat Belts for sign of wear and also Manufacture Year on Tyres & Battery to confirm these low ODO reading

Thanks guys. Booked the Grand I10 Asta auto.

Probably because of used cars are in high demand in Bangalore because of the floating IT crowd.

Hello guys. In the market for a used Laura TSI in Mumbai. Found this beauty that is sounds too good to be true.
Model -2011 Skoda Laura Ambiente TSI
Kilometers - 42k(Genuine with service records)
No of owners - 1(Buying it from a dealer)
Asking price-5.25lakh

Condition-The car looks very well maintained inside out. The console showed no warning signs. A couple of scratches here and there and a little dent on one of the wheel arches. Everything seems to be working.Tyres have at least
~5-6k km life left.I did not get to test ride it because it was well past their closing time.

Here's the catch though,when I checked the RC book it was registered to L&T Finance LTD. So I knew it was bought with a loan. When i asked the dealer he said it is a company car(too fishy?).Should I walk away or do some research with the company?Is it possible to check if the loan has been cleared with just the registered number?
Also I am going to need 15-20 days to gather my finances. The dealer said i could pay 50k as a token and get a due date for finances. Is this a regular thing in used car market?
Thanks for help in advance.

I don't think there is anything fishy here. This indeed is a company owned car as the finance company's name is mentioned as the Owner of the vehicle.

In case the car was having a pending loan, there would have been the name of the bank providing the loan at the bottom of the RC (and not in the place of the name of owner) which is also known as hypothecation.
Not sure about this but I guess you can have a legal agreement with the dealer which mentions about the booking amount paid and the amount due to be paid.

The car may have been taken on Company lease, and hence the name of the financer. Many companies which provide CLC cars to employees, will have the owners name as the company / financer. A few companies now allow the employee to register the car in their name, and maintain hypothecation. This car seems to be of the first type.

As long as you can get the transfer forms with the seller as the same name - and also anything that says the person signing is authorized to sign, you should be fine.

Ask the dealer to show all the original papers to you, and when you pay the deposit. also ask for a detailed receipt with relevant details mentioned & the amount you are paying.

What could be a fair price for a KA registered 2009 WagonR Lxi Duo with 44K on the odo?

Checked on Olx/Carwale etc and the prices range from 2-3 Lakhs. See a few second owner cars listed at 2.8+ but when discussing with dealers/true value the best price offered was 2.2

Thank you guys for quick replies. I never knew that loaned cars are mentioned in the RC. I have been smiling like a hanger stuck in my mouth ever since I saw your replies. I am totally head over heels for this car. I have been looking for a black TSI since last 6 months but never came across a good example. I think I'm going to settle for this one. Is this price right or should i negotiate more?

The RC doesn't have a loan indicator 'HP' sign, so it wasn't bought on a loan. L&T is the first owner of the car. That's it. So, if you buy it, you buy it from L&T. Now, being a company owned car, how would we be sure that they had maintained it well? You should ask for a detailed service history for this.
I would suggest for buying car from an owner's home and not from a dealer as dealers are known to do 'things' and charge hefty unreasonable margins. Very hard to depict if the odo was tempered with.