I too use a Bosch equipment for polishing my car. But there is a slight change, its a regular small Bosch drill unit used in homes. I have an end disc pad prepared with the Eurow microfiber cloth in front for better results. But the equipment is good for cars, for bikes manual polishing is the best coz the equipment cannot reach out mostly.

The cost aspect, 1K for 476S gains much value. The reason being, I tried Formula-1 which is around 250rs for 300gms and Turtle Hard shell at the same price tag. Both offered a decent shine, but was not durable at all. Just in few days my alloy rims and windshield got attracted to dirt. So, I had to wash the bike again in a week, the bike wash marked the end of the wax coat. While 476S, even at rainy season it proved to work really hard. The plastic/fiber body parts repel water effectively and just a wipe is off is required by the micro fiber to bring back the shine. Also the Alloy wheels/Tyre side walls need just a wipe, practically there isnt a dirt that wouldn't peel off with just a wipe after the 476S coat. (Even applies to crow dirt). But yes after a ride through the rain mud, gravel will get deposited on the inner non-painted areas and have to clean it with a water wash. During normal summer season, I wax it once before the season and thats it....I think about a bike wash only months later.

Also the Eurow micro fiber is a purpose built cloth which effectively peels off the Wax coat and offers a great shine. Cost is 100rs and the I cut the cloth into two pieces and I am still using only one piece for over 2yrs. Yes at times I use regular cloth for wipe off dirt from my car the only difference is that using micro fiber induces more shine every wipe.

Trust me, you wont consider the local ones as waxing solution after trying the ones from abroad. Coz there is no compromise in quality, so is the price. The meguirs tech wax is the top-shelf product for them and the cost is only 1400Rs for 450gms. Its offers a good deeper shine, but lasts only for a month. Meguirs offer a wide range of other products like chrome polish, tyre polish etc.

My point is using a less durable wax often and waxing weekly/monthly is still wastage of resource, time and energy. So a 1K for >5yrs of protection must be feasible if you consider to sustain the looks of your automobile, while the other aspects are cut down by over 50%.

End of the day its your call