Thread Starter
#1
Hi All,
I currently drive Tata Zest RT XT purchased in Sep'14 clocked 39000 kms. It is serving me well and I love driving it. Now because of some health problems and worsening traffic conditions I am thinking of owning an automatic. Since my budget is 9.5 to 10 lacs on the road, I have finalized Tata Nexon Petrol AMT. Now the dilemma starts.
Nexon XZA+ has on road price of 10.59 lacs in Delhi. With current offer of free insurance (if Tata group employee refers me), it would come down to approx. 10.2 lacs.
I have approx 5.5 lacs in cash and FD. I got evaluated my Zest from few dealers. 2 lacs is the max they are quoting. I checked in cars24 website which is quoting 2-2.5, OBV is quoting 3-3.5. What is the practical price I can get for my Zest?
I don't prefer purchasing car on loan so I want to stick to that as much as possible. Now with the cash in hand and the evaluation of my Zest, I can have 7.5 to 9 lacs in my hand. I will still be short of some money which either I have to source from loan or wait for few months.
I am confident to save 50k per month for the car. Now should I go ahead with the purchase right now taking loan for rest of the amount or should I wait for few months? Waiting for few months will have some expenses on my Zest in terms of insurance renewal and servicing. Also there is a news of price hike from 1st Aug. However if I wait for couple of months I am hopeful that Tata may launch XZA variant which will be approx 90-100k cheaper than XZA+.
Please suggest what should I do in this scenario.
I currently drive Tata Zest RT XT purchased in Sep'14 clocked 39000 kms. It is serving me well and I love driving it. Now because of some health problems and worsening traffic conditions I am thinking of owning an automatic. Since my budget is 9.5 to 10 lacs on the road, I have finalized Tata Nexon Petrol AMT. Now the dilemma starts.
Nexon XZA+ has on road price of 10.59 lacs in Delhi. With current offer of free insurance (if Tata group employee refers me), it would come down to approx. 10.2 lacs.
I have approx 5.5 lacs in cash and FD. I got evaluated my Zest from few dealers. 2 lacs is the max they are quoting. I checked in cars24 website which is quoting 2-2.5, OBV is quoting 3-3.5. What is the practical price I can get for my Zest?
I don't prefer purchasing car on loan so I want to stick to that as much as possible. Now with the cash in hand and the evaluation of my Zest, I can have 7.5 to 9 lacs in my hand. I will still be short of some money which either I have to source from loan or wait for few months.
I am confident to save 50k per month for the car. Now should I go ahead with the purchase right now taking loan for rest of the amount or should I wait for few months? Waiting for few months will have some expenses on my Zest in terms of insurance renewal and servicing. Also there is a news of price hike from 1st Aug. However if I wait for couple of months I am hopeful that Tata may launch XZA variant which will be approx 90-100k cheaper than XZA+.
Please suggest what should I do in this scenario.