• Angry
  • Awesome
  • Hungry
  • Secret
  • View Poll Results: Should I buy a new Internal Combustion Car considering the chances of their Resale Value Reducing in

    Voters
    14. You may not vote on this poll
    • Buy - There is not going to be any change in resale value

      4 28.57%
    • Don't Buy - Wait for Electric Cars, the resale value of IC Cars will go down

      3 21.43%
    • Buy only Petrol Cars

      3 21.43%
    • Buy - Even though resale value will lower, but only marginally

      4 28.57%
    Page 1 of 3 123 LastLast
    Results 1 to 10 of 25

    Thread: Is buying a new Petrol/Diesel Car going forward a Right Decision?

    1. #1

      Do or Do Not. There is no Try.
       
      Awesome
       
      coolash's Avatar
      Join Date
      Feb 2015
      Location
      New Delhi
      Posts
      1,482

      Is buying a new Petrol/Diesel Car going forward a Right Decision?

      Hi,

      We all know that going forward the focus of automakers will be on electric vehicles with some companies already announcing their intent to stop new development on the IC engines ( https://www.moneycontrol.com/news/te...s-3255141.html ).

      Further, there are chances of further regulatory pressure on IC cars, especially diesel cars. I expect expansion of 10 year limit to other metropolitan cities.

      So, the big question is if we buy a new car in 2019 and keep it for say 5 years, by the time its time to resell, what will happen about the resale value? and should we keep running our current cars until good electric vehicles are introduced?

      Consider, this diesel resale have already taken a hit in Delhi/NCR and resale value of 5years old Petrol & Diesel variants is almost similar in most cases. If automakers start shifting their focus to electric vehicles, they may cut back on the maintenance network for IC cars which may also effect their resale value.
      Some of my Threads:
      https://gearheads.in/showthread.php?24908-My-WOWA-Waterless-Wash-amp-Wax-Experiment
      http://gearheads.in/showthread.php?25158-Sunday-Detailing-my-Honda-Amaze
      http://gearheads.in/showthread.php?25582-The-Battle-of-Waxes

    2. #2

      Majingilane
       
      Awesome
       
      megazoid's Avatar
      Join Date
      Feb 2012
      Location
      Bangalore
      Posts
      1,265
      Blog Entries
      1
      Logical question. Even more unpredicatble than the petrol vs deisel vs Electric debate is whether we will be alive tomorrow. Logic dictates a certain answer but my practical mind tells me that you live in the present and take decisions based on actuals. Hence go bindas for a P or D.

      Its like me worrying about my polo having a puncture on a hartal day in Kerala in the summer of 2023 and not finding enough puncture walas to fix it so that I could race against a vespa scooter guy who showed me the middle finger with a diamond ring.

    3. #3
      No Commerce, Just Fun
      Rainy Days
       
      Awesome
       

      Join Date
      May 2012
      Posts
      4,942
      Indians are probably only people who worry about resale value of the item even before they buy it new.

      1. Never buy your car based on resale value.
      2. Buy the car suitable for your consumption pattern #seats , #kms per day running, #financial strength, usability, monetization value, etc.

    4. #4

      OCD
       
      Awesome
       
      Myth's Avatar
      Join Date
      Dec 2013
      Location
      Kolkata,Bhubaneswar
      Posts
      339
      There are other things to consider as well. The purpose of the car purchase matters a lot apart from the fuel type and resale factors.
      Your options.choices will be filtered out once you start considering other things like how long you plan to own it, what is the monthly usage/running, maintenance expense, usual load of passengers, type of road you will dri

      E.g If I am in the market for a large SUV, I will look at diesels only. When you are really loaded or the terrain is bad, IMO the diesel torque is really a blessing.
      A petrol is, i believe, a safer bet at the moment but then dont completely depend on the current trend/propaganda of electric cars replacing petrol/diesel cars any time soon.

      Match your purchase and choice with your requirements.

    5. #5

      Do or Do Not. There is no Try.
       
      Awesome
       
      coolash's Avatar
      Join Date
      Feb 2015
      Location
      New Delhi
      Posts
      1,482
      Consider this situation: I bought my car in 2014 and voila NGT bought a ruling next year which reduced my car value by around 1 lakh for no fault of mine. So maybe its the case of once bitten twice shy.
      Some of my Threads:
      https://gearheads.in/showthread.php?24908-My-WOWA-Waterless-Wash-amp-Wax-Experiment
      http://gearheads.in/showthread.php?25158-Sunday-Detailing-my-Honda-Amaze
      http://gearheads.in/showthread.php?25582-The-Battle-of-Waxes

    6. #6

      .
       
      Awesome
       
      speed79's Avatar
      Join Date
      May 2011
      Location
      Bangalore
      Posts
      2,113
      Quote Originally Posted by Nomad View Post
      1. Never buy your car based on resale value.
      Majority of Tata car buyers do not buy car based on resale value, because these have terrible resale value. I do not consider resale value of. The fact is that i haven't yet sold any of my bike or cars yet. They are just lying idle/under utilised. Bike not used since last 4-5 years, and my Alto rarely used since last 3 years.

      Quote Originally Posted by Nomad View Post
      2. Buy the car suitable for your consumption pattern #seats , #kms per day running, #financial strength, usability, monetization value, etc.
      But i do not personally follow these criteria. Example, My Storme mostly does 15-16 kms in home-office-home duty. Rarely does it see highway (total 17000 kms in 3 year 2 months) . Storme (or lets say Safari) was an emotional buy for me, directly from heart, without any application of consideration like usage pattern, number of seats etc. My Vista (diesel) has run just 32,000 in 7 years and 8 months), again highly under utilized despite being a diesel.

      In fact resale value does not matter if one keeps his/her car for long.
      --------------------------------------------
      2002 Hero Honda CBZ
      2004 Maruti Alto Lx
      2011 Tata Indica Vista Aqua
      2015 Tata Safari Storme Vx 4x4

    7. #7

      Do or Do Not. There is no Try.
       
      Awesome
       
      coolash's Avatar
      Join Date
      Feb 2015
      Location
      New Delhi
      Posts
      1,482
      Also, maybe the thread was opened in wrong forum. Instead of discussing what effect the change from IC to Electric will have on Indian Car scene if a person is thinking of buying a new car now. We are discussing more on what to consider to buy a car.
      Some of my Threads:
      https://gearheads.in/showthread.php?24908-My-WOWA-Waterless-Wash-amp-Wax-Experiment
      http://gearheads.in/showthread.php?25158-Sunday-Detailing-my-Honda-Amaze
      http://gearheads.in/showthread.php?25582-The-Battle-of-Waxes

    8. #8
      Hun 2die4
       
      Awesome
       
      muztariq's Avatar
      Join Date
      May 2013
      Location
      New Delhi and Hyderabad
      Posts
      1,060
      Blog Entries
      1
      Going forward, if the demand for electric cars is going to rise, the economist in me tells me that fuel price will reduce! I will be at a benefit if I have a fossil fuelled car!
      Why walk when you can run?

    9. #9
      Global Tolerator
      Searching...
       
      Awesome
       
      Jack Sparrow's Avatar
      Join Date
      Jan 2012
      Location
      Desert Sea
      Posts
      6,700
      Maybe this gives a clue:

      VW Says the Next Generation of Combustion Cars Will Be Its Last

      > Final gasoline, diesel technology to roll out from 2026
      > VW is reducing old-school engines to ‘the absolute minimum’


      So if the last generation of diesel will come out in 2026 and we count minimum 10 years as legal life of a diesel engine then still it will stay till 2036, or maybe even till 2040.
      Last edited by Jack Sparrow; 5th Dec 2018 at 18:17.

    10. #10
      Hondameister
      Formerly IITK
       
      Awesome
       
      sgiitk's Avatar
      Join Date
      Jan 2010
      Location
      Kanpur
      Posts
      4,649
      I definitely expect the EV to impact resale prices. As I now say, a pucca EV is the way to go. However, many of us commuting long distances (300+km) there must be either an adequate infrastructure for charging, or we have to go hybrid.
      Drive carefully, the life you save may be your own.
      Honda Civic V AT (2010), Honda Brio V AT 2012
      Hyundai Accent GLS, 2003; Hyundai Santro AT (2005)

    Page 1 of 3 123 LastLast

    Thread Information

    Users Browsing this Thread

    There are currently 1 users browsing this thread. (0 members and 1 guests)

    Similar Threads

    1. Replies: 683
      Last Post: 18th Oct 2018, 00:53
    2. Skoda Rapid buying decision
      By pushkaraj in forum Rapid
      Replies: 132
      Last Post: 7th May 2018, 22:20
    3. Which Bike? Buying a used Harley Street Bob or Fat Bob a good decision?
      By Saral Srivastava in forum What Bike to Buy?
      Replies: 13
      Last Post: 15th Dec 2017, 12:34
    4. Replies: 18
      Last Post: 20th Jul 2014, 09:00
    5. Ford Fiesta Diesel ZXI (is it the right decision)
      By vikramtolani in forum Sedans
      Replies: 27
      Last Post: 17th Aug 2010, 18:37

    Bookmarks

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •