This is a discussion on New Toyota Corolla 2009 within the Toyota forums, part of the Cars in India category; I have heard that the new Toyota Corolla (the 10th gen model) will be launched probably in October....
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| | #3 |
| Join Date: Jan 2006 Location: New Delhi Age: 32
Posts: 4,700
Rep Power: 12 | It would be very interesting to see what Toyota has to offer with this new model |
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| | #4 |
| Guest
Posts: n/a
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| | #5 |
| Platinum Member | No Lease Plan announced as yet. But with the lease plan, one can buy any car of his/her choice within the plan limit. My limit is 24K pm. Following is all guesswork but typical lease plan works like this: a) Leasing company owns the car and it is leased to you. Consider this like a rental. b) At the end of the tenure, the lessee has the option to return the car back to the lessor or buy it at the residual value. c) Residual value at the end of the tenure is decided by the leasing company. d) Typical tenures are 2, 3 or 4 years. Sometimes 5 years is also given. e) There are two types of leases: dry lease and wet lease. In a dry lease, you (lessee) are responsible for insurance and maintenance whereas in the wet lease the two are included. f) There are mileage restrictions such as 10K KM/year. g) The car needs to be in immaculate condition if you choose to return; at the end of the tenure the market value is decided by an independant assessor and if market value is less than the agreed residual value, lessor needs to pay that amount. (I will leave you to guess what is the case if market value > residual value). h) For purchase option, the price is always the agreed residual value. Leasing is not a cost effective option - especially if you intend to buy the car at the end of the tenure and/or you are going to keep the car for more than 3 years. So why lease? a) The lease finance amount (or EMI) is directly credited to the leasing company before tax. In my case, if I take the maximum benefit, I will be getting 24K tax free. b) You can switch cars every three years or so. c) Maximum depreciation of the car happens in the first 3 years. Hence for the same payment for 5 years, you can drive a new car after 2 or 3 years. But you do not own the car (till you buy it). Here are pictures of the Altis: ![]() ![]()
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| | #6 |
| De WatEvaa SweetHeart Join Date: Nov 2008 Location: Ahmedabad
Posts: 3,046
Rep Power: 8 | did nyone get a test drive of ALTIS???? i ve got a corrolla but somehow....didnt enjoy driving ALTIS...... |
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| | #7 |
| Alligator Join Date: Sep 2008 Location: Pleasure drome
Posts: 3,514
Rep Power: 10 | Wow.. nice info j4x... rep awarded! |
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| | #8 |
| Platinum Member Join Date: Mar 2008 Location: In my Castle
Posts: 3,280
Rep Power: 7 | The interiors and inside of the car look very good, but i don't quite like the body shape of the car! |
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| | #9 |
| Platinum Member | the gear-stick looks cool, plenty of leg-space too. |
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| | #10 |
| Platinum Member | I agree. They did not go for a dynamic change which Civic did from the previous generation to the current one. They borrowed a lot of styling from the current Camry. In fact from a distance it is difficult to make out the difference between Corolla Altis and the Camry. All said and done, the Civic appeals more. But what Altis offers are more comfort and convenience features than the Civic like Electric seat adjustment, easier access to controls, etc. Altis also has higher ground clearance that makes a lot of difference on Indian roads. Also it is slightly cheaper than Civic (by about 40K on road in Pune). |
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| | #11 |
| De WatEvaa SweetHeart Join Date: Nov 2008 Location: Ahmedabad
Posts: 3,046
Rep Power: 8 | Sumhow the shape of Corolla is much better than Altis..... |
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| | #12 |
| Platinum Member | personally, I prefer the design of Honda Civic much better than these Toyota cars. both corolla and altis seem awfully large. |
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| | #13 | |
| Platinum Member | Quote:
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| | #14 |
| Platinum Member | i know, i know. |
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| | #15 |
| Junior Member | well, bought this car about a week ago and i must say its awesome :P I know it can't reach anywhere near the looks of Civic, even the old Corolla looked better :P But feature wise, it beats all the cars in its segment! be it civic, be it Jetta (which sucks big time IMHO) |
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| | #16 |
| Junior Member Join Date: Mar 2009 Age: 28
Posts: 23
Rep Power: 1 | Corolla is one mammoth Sedan. Looks so big. Its so broad. makes it look absolutely grand. |
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| Tags |
| 2009, corolla, toyota |
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