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Reason why mumbai and pune resell cars are cheaper is very specific. Most of the Mumbai car have rust in their underbody due to weather conditions hence they are sold at cheaper rates , these mumbai car seeps into pune resell market and due to market forces pune car rates also get normalise to these lower rates. But due to general price rise in whole automotive industry, these cheaper resell market also aren’t very cheap these days
Reason why second hand cards are expensive in Delhi - I think the people in Delhi/NCR are more open to second hand cars than folks based out of Mumbai, therefore higher prices. And, I think ppl in Delhi are willing to spend more on cars (or actually everything in general) than ppl in Mumbai.
Thank you for the video. The BMW 3gt is from my area lol.. PS : Pune prices are 10% higher more than mumbai, the reason is especially in the luxury segment, is the sheer volume of luxury cars in mumbai. Where every 6th car is a Import; in pune the number is 20-25 for a luxury car. Also parking costs a bomb in mumbai, not so much in pune. Although rust is a issue in mumbai due to humidity. But i am glad to hear we get better deals in maharashtra than other states.
Lovely to see folks sharing same pastimes. The Civic is a spectacular car. Just came back from a 300 km road trip in my 2008 FD1 Civic. I cruised at ~110 km/h through the highways, some backroads, and it returned ~15 km/l of fuel efficiency. You can cruise around at high speeds in comfort and relative silence pretty much the entire day in this car. Feels special everytime I drive it and an absolute peach to look at!
I really liked how you guys managed to put a good price tag on it. This really gives me more clarity to roam around in market as I'm really novice. Sorry for a loaded question. I;ve got 2 additional queries: 1. Lets take the example of Civic, the civic was 3 years old and we took the dep to be around 40% , since it was driven 75K already, do you think we should be calculating the dep based on the Kms driven ? Lets say a sedan like that can peak ~1.5Lac Kms , should we consider the 75K as 50% dep ? 2.Do people buy cars out of state? Say Im living in NCR and i want to get the car from Maharashtra and then change the registration, is it possible ?
Excellent videos you guys, I'm close to completing my 15th year in my Honda Jazz in Delhi NCR and am looking for used cars, and your videos have been the single most helpful resource for learning how to purchase my first used car.
@@Nave2nkumarshah Considering that the Honda Jazz has been discontinued for the time being, and that the 3rd generation Jazz was not as impressive as the 2nd generation that I own, I would highly recommend you steer clear of this car now.
@@ThatFudgeGuy Thanks for response, but the thing is I want to learn driving, want a hatchback to start with...which will be safe and reliable...but I don't see any car fulfilling these two criteria in the current market
Love the work you're doing in the space Pranay. You have a high ceiling for this content. Excuse me for the unsolicited feedback, but the video editing could have been snappier, it runs like a podcast where I feel it could have been 15 minutes long at max. Just subbed, looking fwd to more content from you.
Good to see people around with the same kind of my favorite past time, ' car window shopping'. Quiet an intuitive video, as to what should be the fair price of any listed vehicle and identity any red flags. Keep on doing the good work. ❤😊
20:12 The owners are so emotionally attached to their car, so such owners put emotional appreciation value on their car. This may happen to some cars if they are limited in numbers or they are discontinued by the car manufacturer in some of the segments.
Buying cars from mumbai and pune tend to have rusting issues similarly from goa..i have seen across many cars from this area one of the reason cheaper cars
This is something that I have been looking for. I wanted to know how to evaluate a used car. Can you do a video on mainstream brands like Maruti, Hyundai, Honda, etc which don't carry a luxury brand value tag?
23:28 I did that exercise in 2012 and found an excellent 2007 Civic AT for the price of a new Swift Diesel VDI with those paddle shifters (which never ended up being used 😂). We still have it in the family, it's still a great car to drive. Drive it once and you wouldn't be able to tell that it is 17 years old now.
Great video format! Do more for the 30-35 lacs (on road priced @launch time) cars. I would rather apportion a higher depreciation for a High end car since you pay for the worth rather than brand value (which inflates the high end cars’ price) in the second hand market. What are your thoughts on it?
Good Insights. Although we should also account for Inflation and the high prices of new cars while computing depreciation. Would be keen to see used EV video too!!!
Loved the new concept. I like how you think through a mind of the average Indian looking to buy a car. Usually people see BMW 3 series for 20L, cheaper than most of the new SUV and they get their mind blown but the truth is something else. Very well put video, cleared every bit of doubt I had!
19:00 yeah that does not work in Delhi, tried this with Toyota and Honda, they don't budge into giving details without you bringing in the said vehicle or having the RC in hand.
Most of ads you see on olx , are posted by dealers through their personal id , so that it doesn’t come out with the image that we associate with 2nd hand car dealers
Any suggestions on xuv 7OO, petrol/diesel and specifically Ax7 or Ax7L, like whats should be the ideal price etc. Love the video, Hoping to see more of it 🙌
I can so relate to your discussions. Even i love window shopping for used cars. Btw do you guys have any preferred portal for checking car listings? I'm from Maharashtra. Thanks a ton. Cheers!
I really love the Volkswagen Beetle, and since the last model launched in India was back in 2015 I guess, for the price in the 2nd hand market is too high, I think those things are very much negotiable, but how much I have no idea, I have no recent plans of buying that car, but I have been searching for it every where since the last 2 years and plan to buy it finally by the end of 2025. I am looking forward to more such videos from you for the time to come.
Hey guys, enjoyed the video well. 2 questions in my mind. 1st how to see the ex showroom price back date for that model ( tried & failed on autocar). 2nd the thumb rule of ur depreciation for petrol (5 years~35-40%%) was not seen to be applicable in TN market, no cars(
That['s a great analysis. Just a recommendation : To have a fair calculation, you must also take inflation in consideration. For example, the value of 10 lakhs in 2019 was higher than the value of 10 lakhs in 2024 Hence, just by looking at the price of the car back when it was launched isn't the complete picture. The 10 lakhs that he paid for the car was more expensive than the 10 lakhs you are setting as the benchmark. Factoring in 6% inflation would be fair with the seller and give a better idea to the consumers. Thanks!
Really a helpful video, now I have started checking the price of car in terms of when it was launched and how much is being asked again, to assess the depreciation etc. Wondering why these used car websites do not list that option as well, i.e. how much the end user had paid when he had bought the vehicle, it would add in to so much of convenience. I am based out of Pune, and would appreciate if you may please provide some help/assistance in procuring a used car. Thanks again!
Just a suggestion regarding the audio, a proper microphone would improve the audio quality a lot I’m guessing. But other than that great content as always 😀
From my experience, let me answer why cars might be cheaper in some states 1) they are cheaper to buy. State taxes may be relatively less 2) poor quality of roads. Worse the quality roads, lesser the price (implying more wear & tear)
@@chevvakulasrikanth9260 it could be the case in other states but in Maharashtra tax are higher and roads are also in good shape relatively to other states. Actual reason why mumbai and pune resell cars are cheaper is very specific. Most of the Mumbai car have rust in their underbody due to its weather conditions hence they are sold at cheaper rates , these mumbai car seeps into pune resell market and due to market forces pune car rates also get normalise
Have recently started following you and have loved the content! Would love to know more about the resale value of luxury used cars (2nd owner to 3rd owner, being the 4th owner, etc.) Keep going! ❤
It's OK, if the 2nd or 3rd owner is any COMPANY'S EXECUTIVE , or some cases the first owner is the MANUFACTURER it self , then it's not a problem at all.
Easy option to check service history would be through car info app where you just need to pay 249-299 and expect to get that within a day or two.. That amount is fairly nominal especially if you are spending 10-15 lks min on used cars
@@vijuvlogs is there any way to know regarding challan from mparivahan before contacting the seller as the mparivahan site requires mobile no/vin and chassis no for fetching the details
And for my Octavia, fortunately it also contained the phone number of previous user but I am not sure if all provide you this .... Best is to ask that from the dealer or first owner to show you the challan details
Please do more of these. This is excalty what i do to pass off time with my friends. But the way i calculate price is 20% off on the price in the first year. Then 10% off on that price for every year. Ie: (value of the car *.8) - (value of the car *.8)*(.1)^(total years-1)
I think while talking about the asking prices, we’re ignoring the time value of money. That’s the reason for it seeming to be high. (Some are actually high - Endy)
I got frustrated after seeing such ads on olx and all, since you asked for suggestions there are two reasons. 1. Start ups like spinny, cars 24 n all, they played a big role 2. Price increase after covid, 10-15% high for newer models, Majorly for top models.
6:20: I had a same question answered by a used car dealer here in Delhi/ncr who use to do car business in Bombay. he said , petrol cars in Maharashtra are cheaper than Delhi / ncr and diesel cars are cheaper in Delhi/ ncr than Maharashtra. It’s the demand and supply.
@@pranayk37 so being an out an out car guy, i have finally ventured into flipping cars, giving a direction to my extensive knowledge and never ending interest in this field, i thought why not just buy good cars, enjoy them and then pass on the good cars to the people looking for one. its not been that long but i have witnessed my Diesel car listings getting a lot of attention from maharashtra and down south as compared to the petrol ones!
@@Bhakthi_Prapatti mostly the wb cars are lower priced because the tax has not been paid for lifetime that is 15 years. WB has a law where in you can just pay road tax for 5 years and then repay for next year and so on. Also if you are planning to buy a car which is from WB and has a life time tax paid and is still coming at a lower price from Bombay or Delhi, please, please get the car odometer reading cross verified through the service history of the car. There are good number of cases malpractices happening there. It exists everywhere but slightly more in WB in my opinion, according to my research, no offence to anyone. Thanks
Hi! I am looking to buy a car and preferably a used car to be able to learn and be confident at driving. However, I am unsure of which car shall best suit my requirement. If possible, could you make a video on cars in the used market having one of the best transmissions.
Just FYI on the prices... The worst is Bangalore.. people here seem to have a lot of money to spare due to which its a dealer is making humongous profits especially on cars that cost 20 lks plus.. They give terrible reasons when to want to sell and opposite reasons when you want to buy ... For a guy who knows a fair bit about depreciation ans brands value plus the market they just don't allow negotiation due to which I bought an Octavia with atleast 2 lks more than what i would get in Mumbai or Delhi.. of course Direct proportions of road tax considered when I say 2 lks more
Also I was just window shopping and first had my mind on Jeep Compass to trade my 5th gen City but then eliminated that and Octavia/Superb; cars just don't get better than these so I stuck with Octavia and spent travelling within Bangalore in the peak summer of April 2024 and finally landed a great car from an owner I could speak to.. While he sold it for 16 lks, I bought it for 21 lks and I wanted to negotiate to 20 with all good reasons but the dealer just wouldn't agree
Shouldn’t you take the current price of new similar model or add inflation rate to price and then consider depreciation for correct price than taking the older price?
Do more such videos. I love it. Now I've confidence that I can judge fair price car. Just wanted to know Is there any car inspection company out there who can do it for me thoroughly
You could do a live stream where you can add few people from comments and review the cars they are actually looking to buy and help them make decision .
We people from Maharashtra think that Delhi cars are super cheap. Also, people here at least dont prefer Skoda or few German cars. High maintaince! Also, I personally feel everyone loves them but they'll defiantly buy Maruti!
My girlfriend is in a thirdwheel relation with me and olx autos. Even if I come to delhi I have driven a few cars which I had seen before. Have helped my friends get Passat, Tiguan and Superb
Well I think one thing that is not accounted for is the crazy inflation of prices of cars in the covid times and how expensive cars have begun. We should factor in the cost of a new car in a similar segment and then calculate the percentage depreciation. For eg to look at the Endeavour we should look at the cost of the base variant of fortuner.
For a used car, it is not about the price of car, but the value for buyer and seller. The meeting point of price is the moment of truth ! Inflation is for new cars, for used cars, it is always depreciation from the purchase price. Remember a car is a depreciating asset ! The argument for inflation for new cars does not hold for a used car, hence the deprecation is always calculated on the original purchase price!
Sorry I'm 4 days late on this video, was out of the country. Pranay, why pay 1-1.5 lakh on maintenance on a second hand luxury car ? I pay 15-25k for service by opting for gomechanic for my CLA. Been 5 years and no complaints.
Hi Archit, love how you started by saying sorry I'm 4 days late 😍 Thank you for your patronage! The point I was trying to make was that if something goes wrong (higher chance with a pre owned car), the expenses can be a lot higher than usual cars in the 20-25L price bracket. So If someone can't afford a new 3 series for example, they shouldn't get tempted by a pre owned 3 series. Because service costs don't discriminate 😂
when discussing about polo gt you guys are talking about Depreciation sir please tell us how to calculate it ? im a complete noob, how can better bargain by using taht logic...
Is the service history freely available with the car dealer? Do they share these details easily, or would we need to obtain them through the owner? I'm planning to buy a 2022 Slavia Style model listed for around 14.5 lakhs, with 7,000 km driven.
Hi Paranay Im planning to take a 2nd hand car, looking for MG Hector. I have come across a Car-2022/ 39000 done/MG Hector Plus Sharp Model/ CVT/ WHAT Should be the right price. Pls suggest. Regards Naveen
Not sure how the inference was drawn that resale cars are better priced in Maharashtra 1) Due to diesel car age restrictions in NCR , gas guzzling ones are surely to be junked for pennies there 2) Road tax in MH is much higher than NCR. Not sure why the owner would tend to forget the tax component while selling
Hey everyone, can't fit everything that goes on in my head into videos, so I started a newsletter! If you like my content, you might enjoy this too - the latest edition is reflections from hitting 10k subs!
shorturl.at/crqcj
Finally feeling better after knowing there are humans who have similar hobbies like me.
i went from window shopping cars to watching 2 guys window shop cars
hahahahahahah same
Window shopping in olx is my hobby too..even though I am not looking to buy a car now. Lately been looking for an Endeavor..don't even know why!!😂
Haha join the gang 🤣
@@pranayk37 yeahh :D, a gang we didn't expect to exist but is now here
Yeah keep Manifesting bro. You'll get the car in a year or 2👍🏻
I have been hooked with Land Rover Freelander 2.
@@_Vladimir__Putin_ If we are manifesting, then I'll say it out loud - Range Rover Defender for me :D
@@_Vladimir__Putin_ always wanted to buy the freelander 2 but couldn't fearing the maintenance costs..plus kept hearing LRs are unreliable in India
Reason why mumbai and pune resell cars are cheaper is very specific. Most of the Mumbai car have rust in their underbody due to weather conditions hence they are sold at cheaper rates , these mumbai car seeps into pune resell market and due to market forces pune car rates also get normalise to these lower rates.
But due to general price rise in whole automotive industry, these cheaper resell market also aren’t very cheap these days
seems logical
True
Despite being a 16 year old I could still relate , I literally have 6 to 7 tabs on cars open at any point of time
What a lovely video. Thoroughly enjoyed watching this. Please make this a series. Please!
Reason why second hand cards are expensive in Delhi - I think the people in Delhi/NCR are more open to second hand cars than folks based out of Mumbai, therefore higher prices. And, I think ppl in Delhi are willing to spend more on cars (or actually everything in general) than ppl in Mumbai.
Thank you for the video.
The BMW 3gt is from my area lol..
PS : Pune prices are 10% higher more than mumbai, the reason is especially in the luxury segment, is the sheer volume of luxury cars in mumbai. Where every 6th car is a Import; in pune the number is 20-25 for a luxury car. Also parking costs a bomb in mumbai, not so much in pune. Although rust is a issue in mumbai due to humidity.
But i am glad to hear we get better deals in maharashtra than other states.
This is awesome! Now I don't need to window shop alone 😂
Keep these coming!
Lovely to see folks sharing same pastimes.
The Civic is a spectacular car. Just came back from a 300 km road trip in my 2008 FD1 Civic. I cruised at ~110 km/h through the highways, some backroads, and it returned ~15 km/l of fuel efficiency. You can cruise around at high speeds in comfort and relative silence pretty much the entire day in this car. Feels special everytime I drive it and an absolute peach to look at!
Civic 🤩😍
Merra SX4 toh 14 k.m.p.l se zyaada nhi deti 80-90 km / hrs k speed mein highway Paar, tum lucky bandaa ho yaar
Wow, very interesting video. Make this a regular one ! Convert it into a series :)
Want part 2 of this. This was amazing video.
I really liked how you guys managed to put a good price tag on it. This really gives me more clarity to roam around in market as I'm really novice. Sorry for a loaded question.
I;ve got 2 additional queries:
1. Lets take the example of Civic, the civic was 3 years old and we took the dep to be around 40% , since it was driven 75K already, do you think we should be calculating the dep based on the Kms driven ? Lets say a sedan like that can peak ~1.5Lac Kms , should we consider the 75K as 50% dep ?
2.Do people buy cars out of state? Say Im living in NCR and i want to get the car from Maharashtra and then change the registration, is it possible ?
Excellent videos you guys, I'm close to completing my 15th year in my Honda Jazz in Delhi NCR and am looking for used cars, and your videos have been the single most helpful resource for learning how to purchase my first used car.
Hey I am looking for a pre-owned honda jazz in delhi ncr....any tips or suggestions?
@@Nave2nkumarshah Considering that the Honda Jazz has been discontinued for the time being, and that the 3rd generation Jazz was not as impressive as the 2nd generation that I own, I would highly recommend you steer clear of this car now.
@@ThatFudgeGuy Thanks for response, but the thing is I want to learn driving, want a hatchback to start with...which will be safe and reliable...but I don't see any car fulfilling these two criteria in the current market
Soon this channel will be big. Love ur content bro! ⭐️
Love the work you're doing in the space Pranay. You have a high ceiling for this content.
Excuse me for the unsolicited feedback, but the video editing could have been snappier, it runs like a podcast where I feel it could have been 15 minutes long at max.
Just subbed, looking fwd to more content from you.
I think MH cars have a lot of rusting issue and that’s why they are priced cheap?
Good to see people around with the same kind of my favorite past time, ' car window shopping'.
Quiet an intuitive video, as to what should be the fair price of any listed vehicle and identity any red flags.
Keep on doing the good work.
❤😊
Glad you enjoyed it
Superb. Keep coming with more episodes.
Car like Superb, Jetta, Passat,
Loved it
20:12 The owners are so emotionally attached to their car, so such owners put emotional appreciation value on their car. This may happen to some cars if they are limited in numbers or they are discontinued by the car manufacturer in some of the segments.
This is unrelated ,but I really appreciate this channel . The videos are fun yet conversant .
Glad you like them! Thank you for your comment!
Buying cars from mumbai and pune tend to have rusting issues similarly from goa..i have seen across many cars from this area one of the reason cheaper cars
Good Video, Lets have another one like this.
Ye Dil maange more❤❤!! We need more of this series!!
Shot another episode, coming up next week! Stay tuned!
MH registered cars are more prone to have rusting issue in used market. This could be the reason for lower listing price.
don't talk like this, only mumbai region have rusting issue
This is something that I have been looking for. I wanted to know how to evaluate a used car. Can you do a video on mainstream brands like Maruti, Hyundai, Honda, etc which don't carry a luxury brand value tag?
We'll cover it
23:28 I did that exercise in 2012 and found an excellent 2007 Civic AT for the price of a new Swift Diesel VDI with those paddle shifters (which never ended up being used 😂).
We still have it in the family, it's still a great car to drive. Drive it once and you wouldn't be able to tell that it is 17 years old now.
Very helpful, these kind of videos please do more
Something that I have been looking for to valuate a used car as I'm planning to purchase one
I've test driven a Mumbai car and it had rust underneath, I think the salty sea water is the culprit? Thoughts of others?
Great video format! Do more for the 30-35 lacs (on road priced @launch time) cars. I would rather apportion a higher depreciation for a High end car since you pay for the worth rather than brand value (which inflates the high end cars’ price) in the second hand market. What are your thoughts on it?
We'll cover some in that segment, thanks for the suggestion
You give me Omar Abdullah vibes 🔥😅 great video btw ;)
I'll take it haha
Awesome work
Do this window shopping for Harrier and Honda City as well
Noted, in a future video
Good Insights. Although we should also account for Inflation and the high prices of new cars while computing depreciation. Would be keen to see used EV video too!!!
Loved the new concept. I like how you think through a mind of the average Indian looking to buy a car.
Usually people see BMW 3 series for 20L, cheaper than most of the new SUV and they get their mind blown but the truth is something else.
Very well put video, cleared every bit of doubt I had!
19:00 yeah that does not work in Delhi, tried this with Toyota and Honda, they don't budge into giving details without you bringing in the said vehicle or having the RC in hand.
Most of ads you see on olx , are posted by dealers through their personal id , so that it doesn’t come out with the image that we associate with 2nd hand car dealers
West Bengal cars are cheaper than Delhi and Maharashtra, Is it worth buying there?
Any suggestions on xuv 7OO, petrol/diesel and specifically Ax7 or Ax7L, like whats should be the ideal price etc.
Love the video, Hoping to see more of it 🙌
I can so relate to your discussions. Even i love window shopping for used cars. Btw do you guys have any preferred portal for checking car listings? I'm from Maharashtra. Thanks a ton. Cheers!
HOW DO YOU GUYS CALCULATE DEPRICIATION?
NEED A PART 2 OR LIVE VERSION OF THIS PLS!
I really love the Volkswagen Beetle, and since the last model launched in India was back in 2015 I guess, for the price in the 2nd hand market is too high, I think those things are very much negotiable, but how much I have no idea, I have no recent plans of buying that car, but I have been searching for it every where since the last 2 years and plan to buy it finally by the end of 2025. I am looking forward to more such videos from you for the time to come.
Hey guys, enjoyed the video well. 2 questions in my mind.
1st how to see the ex showroom price back date for that model ( tried & failed on autocar).
2nd the thumb rule of ur depreciation for petrol (5 years~35-40%%) was not seen to be applicable in TN market, no cars(
That['s a great analysis. Just a recommendation : To have a fair calculation, you must also take inflation in consideration. For example, the value of 10 lakhs in 2019 was higher than the value of 10 lakhs in 2024
Hence, just by looking at the price of the car back when it was launched isn't the complete picture. The 10 lakhs that he paid for the car was more expensive than the 10 lakhs you are setting as the benchmark.
Factoring in 6% inflation would be fair with the seller and give a better idea to the consumers. Thanks!
Looking for a DL reg car and maybe drive somewhere out of NCR,so more value out of it.
Diesel or petrol !
And any suggestions to huy from ?
Really a helpful video, now I have started checking the price of car in terms of when it was launched and how much is being asked again, to assess the depreciation etc. Wondering why these used car websites do not list that option as well, i.e. how much the end user had paid when he had bought the vehicle, it would add in to so much of convenience. I am based out of Pune, and would appreciate if you may please provide some help/assistance in procuring a used car. Thanks again!
Just a suggestion regarding the audio, a proper microphone would improve the audio quality a lot I’m guessing. But other than that great content as always 😀
From my experience, let me answer why cars might be cheaper in some states
1) they are cheaper to buy. State taxes may be relatively less
2) poor quality of roads. Worse the quality roads, lesser the price (implying more wear & tear)
@@chevvakulasrikanth9260 it could be the case in other states but in Maharashtra tax are higher and roads are also in good shape relatively to other states.
Actual reason why mumbai and pune resell cars are cheaper is very specific. Most of the Mumbai car have rust in their underbody due to its weather conditions hence they are sold at cheaper rates , these mumbai car seeps into pune resell market and due to market forces pune car rates also get normalise
Loved this video man❤
So glad!
Ford is nailing it with their aftersales..
Really? Good to know and thanks for sharing!
Have recently started following you and have loved the content! Would love to know more about the resale value of luxury used cars (2nd owner to 3rd owner, being the 4th owner, etc.)
Keep going! ❤
It's OK, if the 2nd or 3rd owner is any COMPANY'S EXECUTIVE , or some cases the first owner is the MANUFACTURER it self , then it's not a problem at all.
Easy option to check service history would be through car info app where you just need to pay 249-299 and expect to get that within a day or two..
That amount is fairly nominal especially if you are spending 10-15 lks min on used cars
The same car info also gives you challans but that is not 100% accurate so you can check mparivahan for that
@@vijuvlogs is there any way to know regarding challan from mparivahan before contacting the seller as the mparivahan site requires mobile no/vin and chassis no for fetching the details
@@amoghkumarsinha4903 if you have the full service history then it should contain the chassis/VIN number
And for my Octavia, fortunately it also contained the phone number of previous user but I am not sure if all provide you this .... Best is to ask that from the dealer or first owner to show you the challan details
That myth of high pricing in Bengaluru will just make your heart melt😅
Amazing content as alway Pranay :), guys please cover maintaince of Lux or Sub Lux cars. The 1 Lac per year figure just blew my head.
Maybe you guys should do such a video for cars listed on spinny / cars 24 .
Not calling out any platforms, that's your personal choice. Unless of course a platform wants to sponsor us 😉
Can we have part two of this with cars like honda jazz and brezza?
Please do more of these. This is excalty what i do to pass off time with my friends. But the way i calculate price is 20% off on the price in the first year. Then 10% off on that price for every year.
Ie: (value of the car *.8) - (value of the car *.8)*(.1)^(total years-1)
I think while talking about the asking prices, we’re ignoring the time value of money. That’s the reason for it seeming to be high. (Some are actually high - Endy)
I got frustrated after seeing such ads on olx and all, since you asked for suggestions there are two reasons.
1. Start ups like spinny, cars 24 n all, they played a big role
2. Price increase after covid, 10-15% high for newer models, Majorly for top models.
Make another such video with some more luxury cars please. Like a petrol a4, a3 etc etc with your picks
6:20: I had a same question answered by a used car dealer here in Delhi/ncr who use to do car business in Bombay. he said , petrol cars in Maharashtra are cheaper than Delhi / ncr and diesel cars are cheaper in Delhi/ ncr than Maharashtra. It’s the demand and supply.
Interesting though I'm not sure I entirely agree with demand of petrol cars being lower in MH. Thanks for sharing!
@@pranayk37 so being an out an out car guy, i have finally ventured into flipping cars, giving a direction to my extensive knowledge and never ending interest in this field, i thought why not just buy good cars, enjoy them and then pass on the good cars to the people looking for one. its not been that long but i have witnessed my Diesel car listings getting a lot of attention from maharashtra and down south as compared to the petrol ones!
Nowadays West Bengal cars are cheaper than Delhi and Maharashtra, please consider and explain please
@@Bhakthi_Prapatti mostly the wb cars are lower priced because the tax has not been paid for lifetime that is 15 years. WB has a law where in you can just pay road tax for 5 years and then repay for next year and so on.
Also if you are planning to buy a car which is from WB and has a life time tax paid and is still coming at a lower price from Bombay or Delhi, please, please get the car odometer reading cross verified through the service history of the car. There are good number of cases malpractices happening there. It exists everywhere but slightly more in WB in my opinion, according to my research, no offence to anyone. Thanks
Hi! I am looking to buy a car and preferably a used car to be able to learn and be confident at driving. However, I am unsure of which car shall best suit my requirement. If possible, could you make a video on cars in the used market having one of the best transmissions.
Just FYI on the prices...
The worst is Bangalore.. people here seem to have a lot of money to spare due to which its a dealer is making humongous profits especially on cars that cost 20 lks plus..
They give terrible reasons when to want to sell and opposite reasons when you want to buy ...
For a guy who knows a fair bit about depreciation ans brands value plus the market they just don't allow negotiation due to which I bought an Octavia with atleast 2 lks more than what i would get in Mumbai or Delhi.. of course Direct proportions of road tax considered when I say 2 lks more
Also I was just window shopping and first had my mind on Jeep Compass to trade my 5th gen City but then eliminated that and Octavia/Superb; cars just don't get better than these so I stuck with Octavia and spent travelling within Bangalore in the peak summer of April 2024 and finally landed a great car from an owner I could speak to..
While he sold it for 16 lks, I bought it for 21 lks and I wanted to negotiate to 20 with all good reasons but the dealer just wouldn't agree
Thanks for sharing and congrats on your car!
btw the newer civic was not a cbu (impoterd) it was manufactured in India
It's a CKD (completely knocked down) unit and not entirely made in India
How do you account for inflation when doing the depreciation? 19L in 2015 is much higher than 19L in 2024
Shouldn’t you take the current price of new similar model or add inflation rate to price and then consider depreciation for correct price than taking the older price?
Do more such videos. I love it. Now I've confidence that I can judge fair price car.
Just wanted to know Is there any car inspection company out there who can do it for me thoroughly
Thank you, glad you found it helpful
Is it worth buying a Virtus Topline, 2023 model, 8k driven located in Mumbai. Ask price is aorund 12L. Your thoughts..?
You could do a live stream where you can add few people from comments and review the cars they are actually looking to buy and help them make decision .
Something like this is going to be released this week, stay tuned!
We people from Maharashtra think that Delhi cars are super cheap. Also, people here at least dont prefer Skoda or few German cars. High maintaince! Also, I personally feel everyone loves them but they'll defiantly buy Maruti!
My girlfriend is in a thirdwheel relation with me and olx autos.
Even if I come to delhi I have driven a few cars which I had seen before.
Have helped my friends get Passat, Tiguan and Superb
In the current marketplace, getting a new car with deep discounts is an easier task. The mumbai traffic takes its toll on the DSGs
Agreed - in the new car space, it is a buyer's market currently with pent up inventory for certain brands and models.
Well I think one thing that is not accounted for is the crazy inflation of prices of cars in the covid times and how expensive cars have begun. We should factor in the cost of a new car in a similar segment and then calculate the percentage depreciation. For eg to look at the Endeavour we should look at the cost of the base variant of fortuner.
For a used car, it is not about the price of car, but the value for buyer and seller. The meeting point of price is the moment of truth ! Inflation is for new cars, for used cars, it is always depreciation from the purchase price. Remember a car is a depreciating asset ! The argument for inflation for new cars does not hold for a used car, hence the deprecation is always calculated on the original purchase price!
Great video guys🫡. Please do some hot selling cars next like Baleno, Nexon, Creta etc.
bro buy them new such hotselling cars dont depreciate much so it doesnt make sense to buy them second hand . go for colswagons and skodas
Sorry I'm 4 days late on this video, was out of the country. Pranay, why pay 1-1.5 lakh on maintenance on a second hand luxury car ? I pay 15-25k for service by opting for gomechanic for my CLA. Been 5 years and no complaints.
Hi Archit, love how you started by saying sorry I'm 4 days late 😍 Thank you for your patronage!
The point I was trying to make was that if something goes wrong (higher chance with a pre owned car), the expenses can be a lot higher than usual cars in the 20-25L price bracket. So If someone can't afford a new 3 series for example, they shouldn't get tempted by a pre owned 3 series. Because service costs don't discriminate 😂
New i20 N-line manual or used Polo 1.0 TSI?
P.S. My friend also suggested checking out the dealership if they have a new Polo sitting in their lot
i think its exactly opposite , in north india used cars are quoted less than in maharashtra
Loved the video!!! Looking forward to more such videos.
Can you guys do such a video for popular cars as well, please??
💯
Please do the same for creta, seltos and other CSuv's
How many km the mass market cars like creta/sonet can run for keeping the time of 15 yrs aside for something who are not going to use in delhi/Mumbai
Should have also covered Ford EcoSport
Need More too good
Thank you! We will make more of these :)
when discussing about polo gt you guys are talking about Depreciation sir please tell us how to calculate it ? im a complete noob, how can better bargain by using taht logic...
Is the service history freely available with the car dealer? Do they share these details easily, or would we need to obtain them through the owner?
I'm planning to buy a 2022 Slavia Style model listed for around 14.5 lakhs, with 7,000 km driven.
May be a noob question, but how can someone do a background check using the vehicle number?
how much will it cost to convert DL to MH Number plate.
Hi Paranay
Im planning to take a 2nd hand car, looking for MG Hector. I have come across a Car-2022/ 39000 done/MG Hector Plus Sharp Model/ CVT/ WHAT Should be the right price. Pls suggest.
Regards
Naveen
U get good deal for cars in mumbai and pune as many of them are those cars which were flooded during rain
Interesting, thanks for sharing
ofcourse interested in live stream
Not sure how the inference was drawn that resale cars are better priced in Maharashtra
1) Due to diesel car age restrictions in NCR , gas guzzling ones are surely to be junked for pennies there
2) Road tax in MH is much higher than NCR. Not sure why the owner would tend to forget the tax component while selling
Which website it’s to shop car
Almost 10k yayy! Congrats in advance PK! ✨🍾
Yay! Thank you! 🙏🏼
Any good cng option under 10
What are your comments for virtues 1.5 turbo ? Please guide
As a slavia owner love it
I want this every week lfgg love the content
yo guys. how tuneable is a skoda rapid 1.6 mpi petrol? i hope this is the right place to ask this question.
Can you do the same for ev cars cause I don't have any idea to evaluate them
I watch day and night about octavia and octavia vrs…