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Best Deal and Discounts on NextGen I10 Magna 1.1 Car January 2012

Updated on January 19, 2012

It was in November and December when I posted information about car discounts on Maruti, Skoda, Ford, Volkswagen, Nissan, and Hyundai cars in Delhi. At that time, many of my office colleagues, friends, and relatives including me exchanged old cars and bought new cars at maximum discounts. Some bought Nissan Micra and some bought Ford Figo, or Hyundai i10 or i20. I bought Hyundai i10 Magna NextGen at a very attractive discount of 47,700/- plus. All in all, the whole year-end discount affair became a profitable deal for car buyers and also for car dealers, as they enjoyed a sudden burst in sales due to the exiting discounts they were offering.

At that time, everyone knew that starting January 1, 2012, the cars will become costly due to the increase in registration prices and closure of year-end offers, although there are a few car dealers who have 2011 manufactured car stocks in their showrooms and are selling them to preferred customers in January on the same discounts they were offering in December but the stock is limited according to my information. It is also possible that the best deal cars from 2011 have been sold away till the time I am writing this hub.

Hyundai i10 Magna 1.1 Sleek Silver Front view
Hyundai i10 Magna 1.1 Sleek Silver Front view | Source
Hyundai i10 Magna 1.1 Next Gen Sleek Silver Side view
Hyundai i10 Magna 1.1 Next Gen Sleek Silver Side view | Source
Hyundai i10 Magna Next Gen Dashboard Pic
Hyundai i10 Magna Next Gen Dashboard Pic | Source
Hyundai i10 Magna Next Gen Interiors
Hyundai i10 Magna Next Gen Interiors | Source
Hyundai i10 Magna Sleek Silver Color
Hyundai i10 Magna Sleek Silver Color

But still one should not lose hope, as there are special discounts for people who were not able to buy their new cars in December last year. I will give you an example of NextGen i10 Magna that I bought in December and will compare it with the discount on the same car and model in January 2012:

Here is the December deal for Next Gen I10 Magna 1.1 BSIV. Color: Sleek Silver, Power steering and all power windows:

Debit Note:

HP: 100

Registration and Road Tax: 20,834

Logistic Charge: 6,290

Insurance: 12,298

TOTAL: 39,522

1. Price of one: i10 Magna 1.1 BSIV F/L Sleek Silver 361,401

2. Discount: 43,043

3. Net selling price 319,358

4. VAT/LST 39,920

5. Other charges 0

TOTAL: 359,278

GRAND TOTAL: 39,522 + 359,278 = 398,800

The total on-road cost of i10 Magna 1.1 NextGen without discount was 446500/-. Now let us see what deal I have got on this car:

446500 - 398,800 = 47700

The total discount on i10 Magna 1.1 was 47,700. Now here is the breakup of discounts I got:

Cash discount: 15,402

Insurance: 12,298

Exchange bonus: 20,000

TOTAL: 47700

Now for January 2012, the cash discount on i10 has been removed and if you will buy a new one, then you will get the following discounts:

Insurance: 12,298

Exchange bonus: 15,000

TOTAL: 27,298

According to me, still the January 2012 discount deal is good enough because of two important things:

  1. Starting February or March 2012, both of these discounts will be removed from new cars.
  2. You are getting a 2012 registration year on your new car if you buy your car now. The 15000 cash discount compensates for this as if you have bought your car in December 2011, the registration year would have been set as 2011. You are getting a 1-year new car by buying it in January.

Though these were the discounts mentioned by Hyundai. If you want additional discounts on this deal, you can contact me at 9911708112. You can also contact me for getting maximum deals on other cars and manufacturers over and above the discounts your car dealer is already offering you.


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    • soni2006 profile image

      Rajinder Soni 6 years ago from New Delhi, India

      Indeed a great correction and the right deal from Mr. Modi.

    • Gagan Modi profile image

      Gagan Modi 6 years ago from Delhi, India

      Indeed you got a great deal.

      Just a small correction, the loyalty/exchange discounts also reduced to Rs. 15K for Jan 2002 make models.

      Second, the price revision is expected any time.

      Infact , not only for Hyundai, you can check the latest discounts and offers on all New Cars in India @ - check the Car Offer section