Now, this is the first time I’ve ever ridden a fully automatic disc brake car. Well, the only time before that was during a test drive and we can’t really consider it a test drive.
BHPian bhavikbochar Recently shared this with other hobbyists.
Hello everyone, we are pleased to inform you that yesterday we welcomed a Phantom Black SX (O) Diesel AT into our family – we call it Verraux (for the Verraux vulture that has not yet started work, it is a large, mostly African, bird of prey that is also called the Black Eagle.
The features of this new family member were discussed in detail by fellow BHPians earlier, so I think it’s appropriate for me to focus solely on financing, delivery experience, and proven accessories.
Several options are considered here:
- Self-financing – I didn’t really want to liquidate my long-term savings, moreover, financing in the market was cheaper than my returns. So you didn’t go for this.
- Car loan – get offers from several banks with financing on the road with interest ranging from 7.5 – 7.75% and a term of up to 7 years. He would have gone for this if it wasn’t the next option.
- Home Loan Top up – HSBC now has a great Home Loan Top up scheme. Basically, they give you an additional loan for 20 years and that too at the home loan rate, currently at 6.45%. As far as I know, no other bank offers a home loan increase at the same rate as a home loan.
I did some math here, and it was the financial analyst in me who drove the decision toward that choice.
So here’s my simple structure: a 7-year car loan at 7.5% for 22 lakhs will translate to roughly EMI. 33.5 thousand and 20 years increase on home loan by 6.45% compared to 22 thousand means that the average monthly income is 16.3 thousand. So the difference in EMI is about 17 thousand, and instead of spending it, this will go to a mutual fund as a SIP. Mutual fund returns above 6.45% (it should be easy to get in the long run) is my profit.
Jodi Padua’s Trick:
With everything decided, the top-up process in place and pre-approved, I was just waiting for the car to arrive in the dealers shed until I released the payment. Sales have already informed me that the car will take 2-3 days to be delivered after full payment due to reasons like accessories installation, RTO registration, etc. I got confirmation from the dealer that the car will arrive at the cattle barn on Tuesday, March 29th, and release payment by the 30th if you need delivery on the auspicious Gudipadwa day of Saturday, April 2nd. I wasn’t keen on receiving in Gudi Padwa as there would be a lot of rush so we planned to pick up the delivery the next day and my banker also assured me that the payment would be released on 30th March. Turns out the bank’s auditors were too busy to take up disbursement issues for small amounts (ie less than 3 credits) due to the fiscal year-end closing target. So after waiting patiently, and following up a few times, my banker was able to get the exchange request approved from the auditors only on Friday, the evening of April 1st. By then the damage had already been done, and the weekend was upon us and so were the workshop guys. So I was told to be ready to pick up tentatively on Wednesday 6th April.
Sohar Aluminium has ordered delivery on the evening of Wednesday 6th April as some accessories are still pending. When we arrived at the showroom, we were greeted by the staff. SA informed me that the car was on its way from the workshop. In the meantime, we’ve completed paperwork, registered Hyundai Mobility, accessories warranty cards delivered and finally a turnkey ceremony!
We then got into the car, SA activated my blue link and I patiently explained all the features.
I’ve already done some groundwork and been involved in a face-to-face discussion with the accessories team. In any configuration work I’ve been keen to get it done from the dealer even if I need to shell out extra cash for peace of mind that it won’t affect my warranty. Anyway, since my model was an SX(O), it didn’t really need many extensions, so follow these:
- Underbody Anti Rust From Wurth Brand With 3 Years Warranty & Service Every Year – Rs. 4000.
- Wurth Ceramic Coating with 3 Years Warranty and Service Every Year – Rs. 24000.
- Door scuff boards – Rs. 1200.
- Front parking sensors – 7,500 rupees. Many would say I overpaid, but believe me, the peace of mind of not losing the warranty is totally worth it. On top of that, the fit and finish done by the dealer’s team are simply amazing, and I’ll let the photos do the talking at the end.
- Door edge guard – Rs. 250. The accessories team informed me that any gluing work must be done before ceramic coating and they will follow the same standard here as well.
- 3D Matting – Rs. 2500.
- Mud flaps – Rs. 800.
- Boot mat – Rs. 500.
- Projector Fog Lights (55W HID kit by Genome) – Rs. 22000.
Projector fog lights are really deal breakers. Just like everyone else, I’ve researched every part of this car during the wait. One thing was clear, though, and the three-beam LED headlights on the SX(O) had poor throw and needed an upgrade. Unfortunately, we can’t do anything with the SX(O)’s headlights, so the only options were either LED bars above the number plate (illegal, IMHO hamper the look of the car) or installing projector fog lights. I got quotes from several after-market dealers, went through a lot of YouTube videos, and spent the past few days worrying that I might void my car’s warranty because this wasn’t on the standard checklist for accessories the dealer shares. Just thought I’d give it a try and asked the accessories team at the Hyundai dealer if they could install fog lights for the projector. Accessories chief, Pratamesh, ordered one day and came up with a solution the next. Turns out, even though they didn’t install any projector fog lights at the Creta location, his friend at the Nagpur Creta dealership installed it on a pair of Creta. He shared the quote and a short video about the product, did my own research, contacted the brand directly and they were willing to offer the same for Rs. 23,500 at 10% off i.e. Rs 21,150 + Rs 500 for installation by their technician. Merchant quoted at first 26k, then reduced it to 24k, when I told Pratamsh that the brand is offering me the same for 21k, he discussed with old people and he offered me 22k at all inclusive price. Throwing in the fog lights of this projector is absolutely stunning and they come in a top and light option, which integrates with the top of the headlight and hood!
Unfortunate Accident – Happily Averted: So we are all excited, after the pooja in the showroom, we refilled the tank and the whole family went out to dinner to celebrate. Now, this is the first time I’ve ever ridden a fully automatic disc brake car. Well, the only time before that was during a test drive and we can’t really consider it a test drive. As a result, during the entire driving, my hand was subconsciously turning into gear not to shift gears. On my way home after dinner, I hit the brakes a bit hard, well, not so hard on my regular car, but hard enough that the discs make the car come to a stop with a jerk, and unconsciously my hand moves the gear knob from D to N as we lower the gear into a transmission Manual movement. Hence, when the brakes are released, the car will not move and all this happens in the middle of the road in Mumbai. Fortunately, it was 11:30pm and no one was coming from behind! An incident to remember on my first day of driving in Verraux.
A special shout out to Sales Manager – Team Leader Shalish & Accessories – Pratamesh. For the past few days, they have listened patiently and extended their time in the office late into the evening to accommodate my visits. Pratamesh, even offered me the best deals and matched External Quotes/Mobis as closely as possible. I wouldn’t stock up on more than a few hundred extra due to the comfort I have experienced dealing with these guys. If you guys happen to visit Modi Hyundai Santacruz West, Mumbai and meet them, please, tell them that their good work is appreciated and shared!
Pro tip: We’ve given Shailesh and Pratamesh’s Parker Pen Set gift wrapped as a token of appreciation. The day of delivery is special for us and they have worked hard to meet/exceed our expectations. No, sure if receiving gifts for merchant staff during delivery was a normal practice, but the smile on their faces before leaving the showroom in this unexpected gesture was a moment to cherish for life!
Signed with a few pictures, unfortunately they aren’t great in my shaded parking lot. I’m sure I’ll have a lot of questions since this is a car loaded with full tech, which I’ll reserve for the next posts:
Projector Fog Lights and Front Parking Sensors – Note the lens, the lights aren’t on, it’s a reflection of my cellphone’s flash. The front parking sensors are well integrated, barely visible and outlined in red:
Front parking sensor switch mounted on the fuse box cover:
Other miscellaneous things like – scuff board, rim guard, 3D mats, etc.
Rubber boot mat, all good. The only thing that is now a good crow on the package with the parking triangle not sticking to it:
Check out the BHPian comments for more ideas and information.