Why I'm planning to sell my brand-new Alcazar MT & buy an automatic car

Moving from my Maruti Brezza ZDI to this 7-seater SUV wasn't one of my best decisions.

BHPian dars.han recently shared this with other enthusiasts.

I own a 7-seater Hyundai Alcazar that was purchased in April 2022. I have learnt the hard way that this upgrade from Brezza ZDI was one of the worst decisions. I am the sole driver of this car, I do not frequent my office due to WFH scenes and my wife cannot drive a manual (she works from the office daily). Hence, the car sits idly in my parking at least 25 days a month with me paying whopping EMIs only to keep it still.

Though the car is new, I am considering selling the same and buying an automatic which both I and my wife can drive. Potentially reduce EMIs and get a good worth of the car. Is this a good move?

Here's what GTO had to say about the matter:

You'll lose money as the initial EMIs of a loan only cover interest and hardly any principal amount. Your bank might also have foreclosure fees. But it is what it is and if you seriously regret the purchase (sure seems like it from the tone of your post), sell it.

Be sure to research thoroughly before buying your next car. Mistakes like these can be expensive.

Sell your Alcazar and buy something you love with an AT. If you want to minimize the financial loss, consider a lightly owned & certified used car.

Here's what BHPian condor had to say about the matter:

Difficult situation. While the general and common sense approach is to make use of a car, especially a new one, in this situation you could go ahead.

Remember: If you move to an automatic, AND your wife will drive it - hence putting to use the spend and losses, go ahead. You will have to cope with that loss, but better this way than letting it sit idle like that.

Suggest waiting and getting a good price. You can also try an exchange with another Hyundai in case the exchange price is better that way instead of a sale.

Here's what BHPian nik0502 had to say about the matter:

It’s a difficult situation to be in since selling such a new car comes with huge depreciation however I think you are lucky since it’s a seller’s market and most of the cars have high waiting periods. Get your car evaluated by Cars24 or Spinny and sell it to an individual buyer for higher than the price quoted by online aggregators. Just remember the first quote that they will provide you will be very low. Just do not give in to their pressure. These guys will keep calling you and will keep increasing the offer. You just have to be patient and you might be able to sell it for very little loss.

Here's what BHPian shankar.balan had to say about the matter:

It’s only 6 months old. Put it up immediately for sale. I’m sure it’s not run many kms. Considering the huge demand for all sorts of vehicles and the generally low availability you should make back near about what you spent to buy it, especially if there have been some price rises in these last 6 months.

But lose NO time. Sell it NOW. Before December ends. Put an ad on Team-BHP Classifieds as well as OLX and maybe even just go back to that dealer and see if they have a ready customer who wants an almost new car. Yes, you will lose a bit. But better bite the bullet now rather than later, because by delaying you will only lose more. The bottom line is to act really fast.

Here's what BHPian Hayek had to say about the matter:

Presume there were some reasons why you picked the Alcazar when you bought it. Fully agree that what you spent on the car is sunk cost - and it makes no sense to keep a car you are not using and which your wife is not using either.

But given this car probably cost upwards of ₹20L OTR, and depreciation, when you sell it would be at least 25% or ₹ 5 lakhs and an equivalent automatic will cost more than what you paid.

The other option could be hiring a driver who can drive your wife to work. The depreciation alone will pay for the driver's 2 years salary and who knows, your office may abandon this work-from-home stuff (I was about to use a far harsher word) well before that. At the very least, try out the driver for a while before going in for a fire sale on this car. Best of luck.

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