• Q.Should I Buy a New Car or Used Car?

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    Carsused
    Carsused | 7 years ago

    [URL="https://www.zigwheels.com/forum/profile/8343"]Rajendra prasad[/URL] If you are a first time user and have low budget, go for a Maruti petrol user car that is having good service records and is in warranty period. Also consider buying a car with bumper to bumper insurance. Please take these into account while buying a car for you. Why Maruti ? - because it is having lot of service centres in each and every part of India. Parts are also too cheap. You can even get help from a local mechanic Why Petrol ? - because petrol cars are cheaper and has less maintenance cost. It's more easily to handle. Personal I love diesel car as it is having more turbo surge power, torque, mileage, etc. Why good service records? - A car with properly serviced may have better performance, reliability and less maintenance. Why in warranty ? - Most of the car have 2-3 years of warranty period and some have even upto 5 years. Make sure your car is in warranty period if you do not want to take too much tension about maintenance. In warranty period company will take care of any repaired happened with your car which is not caused due to accidents and some other things mentioned in their terms. Now be an expert driver driving your used car. After some years when you have enough budget, you can sell this car without loosing much of your money that you have invested in buying this car. When buying a new car, I highly recommend everyone to purchase a car with ABS and Airbags. Your safety should consider first because life is precious. These are my points of view. This is an old thread, but still lot of people are reaching this thread when considering for buying a new car. Zigwheels have lot of threads already there about discussion of the same topic. Search, search search... again search... now decide what you really need. Also discuss these with your dear ones and consider their suggestions. They can also help you better than us as they know your real requirement more better than us. Hope this will help.

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    Jijo
    Jijo | 8 years ago

    [QUOTE_NODE]"[B]Originally posted by oommen"[/B] Hi, I am owning a 2003 Hyundai Santro and am planning to upgrade. I have a friend who is looking to sell his 2000 Honda City Exi for 2 lakhs. It has run about 60k kms. Interiors are good; exterior minor scratches are visible. Now my confusion is should I be choosing a 16 year old sparingly used car or should I consider purchasing a Tiago instead? Could you please help me with this choice, keeping in mind the cost of ownership of both these vehicles. I completely understand that the City is in a different segment and Tiago is in a different one. What should I be choosing? Please help. [/QUOTE_NODE] I would suggest not to go for the 16-year-old car, for your daily drives. Like Roshun has mentioned, spare parts are not easy to come by and reliability will be a huge concern. Tiago, on the other hand, is great value-for-money, considering the four-year warranty, fuel efficient motor, up to date features on offer. In the long run, you can easily keep the car for many years and have a smile on your face till you decide to upgrade :)

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    Roshun
    Roshun | 8 years ago

    [QUOTE_NODE]"[B]Originally posted by oommen"[/B] Hi Roshun.. thanks for the reply.. things that I am considering are as follows: 1. Investment on the city was be around 1.8 after negotiating. Considering that the car would last for a mininum of 3yrs, during which I might have to service the car 4-6 times an average cost of servicing abt 15k it should work out to a total of 2.4lakhs 2. Tiago I would have to pay a downpayment of 1.5 lakhs and an EMI of 6k for 60months plus service cost would work out much higher. Am I thinking strainght or is there a different angle to this.. plus I have read that Honda engines last for abt 2lakh kms.. kindly help [/QUOTE_NODE] I agree with your line of thinking. Sure, the Honda City would still be useable, but since the car is 16 years old and with scrappage laws on cars over 15 years likely to come in, your resale value on the Honda City would be next to nothing. You probably will get like Rs 50k at the most if you manage to sell it after 3 years (when the car is 19 years old), if at all. With the Tiago, if you conisider about 35%-40% depreciation in 3 years, you will still get about 3-3.5 lakh. So with both, your effective cost of ownership will be lower. If you are confident of letting go of the City in 3 years, then it should be a fair deal, considering the car has done low mileage and belongs to a friend. By that time, there would be even more choice in the market, and you should also be able to pick a better, newer car.

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