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It is a well-known fact that the used car market in India is booming at a rapid pace and has dethroned the new car market in the country. Estimation says, if more than 30 lakh new cars were sold last year i.e. in 2017, there is a strong opinion that this year the sales of the second-hand cars will cross the 35 lakh mark. Also buying a used car has its own perks, as you don’t have to pay for things like road tax, state MCD charges, loading charges, costly 1st-year insurance premium etc. Moreover, compared to a new car, a used car is free from all these expenditures and taxes alongside also features low insurance premium due to low IDV (Insured Declare Value).
So let’s check out the cars with best and high resale value under each segment.
Entry Level Hatchback Segment
Maruti Alto 800
Be it new or used, India’s best selling marquee ‘Alto’ is always in demand. The trendy Maruti Alto 800 is rated among one of the best resale value vehicles in the country. The car with an affordable price tag has got rich feature list, upmarket looks, frugal engine and least maintenance. Even the old Alto models are in great demand in the used car market. Maruti Alto 800 retains 70-80 percent of its original value even after 3-4 years.
Hyundai Eon
Maruti Alto rival Hyundai Eon is another most sought car in the entry-level segment. Eon sits above Alto in terms of premiumness and style quotient. The car appears modern compared to its competitors and offers decent space to the occupants, especially at the rear, and laudable performance. Hyundai Eon provides its owners with 60-70 percent of the new price value after 3 years.Complete range of tyres compatible with Maruti Alto available here!
Recommended: 5 Best Cars Under 6 Lakhs – Value For Money Cars
Hatchback Segment
Maruti Suzuki Wagon R
One of the most successful and ideally spacious under Rs. 5 Lakh hatch provides optimum versatility and low cost of ownership. The value for money tall boy design car is always in demand by price-conscious families who look for practicality at an economical price. Besides petrol, the Wagon R is also made available in CNG choice. Maruti Wagon R retains about 70-80 percent of its original value after three years.
Maruti Suzuki Swift
The fun to drive hatch, Maruti Swift always attracts great demand and boasts high resale value. The car offers spacious cabin, appealing features, frugal yet powerful choice of petrol and diesel engines. The Maruti Swift holds approx 85 percent of its original value even after 3 years.
Hyundai Grand i10
Hyundai Motors’ answer to Swift, the Grand i10 is a feature loaded proposition that comes equipped with efficient engine alternatives and offers fantastic city driving dynamics. The Grand i10 retains nearly 70-75 percent of its real cost after 3 years.
Sedan Segment
Maruti Suzuki Swift Dzire
The compact sedan from Maruti Suzuki is no more referred to as the stretched version of the Swift hatch. Due to its low running costs, spacious cabin and economical price tag it is the first choice of private car buyers and fleet owners. Old Dzire or new Dzire, both attract high demand in the market. Also, the company’s dedicated taxi variant in the form of ‘Tour’ is quite popular in the used car market. The Dzire maintains around 80 percent of its original value even after 3 years.
Honda City
Under the mid-size sedan segment, Honda City is the most happening car. Be it new or second hand, people find a sense of pride in owning it. The Japanese car, City offers feature filled roomy cabin for the occupants alongside a smooth running and efficient engine under the hood. The premium sedan preserves a good 75 percent of its original value even after 3 years.
Toyota Etios
Well known for its engine reliability and performance, Toyota Etios sedan checks all the right boxes a used car buyer looks for. Right from fuel efficiency to value for money price label and low maintenance cost, Etios enjoys buyer’s admiration. Even after three years the ‘made for India’ sedan retains around 60-70 percent of its original value.
Honda Amaze
The under 4-metre sedan Honda Amaze invites high attention in the second-hand car market. Being a reasonably priced diesel sedan, it comes packed with powerful and fuel-efficient engine along with huge cabin space. After a period of three years, it still commands a resale value of nearly 65-75 percent of its original value.
MPV Segment
Toyota Innova
Although Innova falls in the MPV segment, however it’s the most popular car, irrespective of the segment, which tops the high resale value chart in India. The premium MPV seizes an ultimate position in the market and is known for optimum comfort, spacious cabin, solid built quality, a plethora of features and practicality, while low maintenance cost comes as icing on the cake. Toyota Innova’s bombproof reliability makes it a favourite choice among large families and fleet owners. That’s the reason Innova retains an unbelievable 90 percent of its real value even after 3 years.
Maruti Suzuki Ertiga
Used Ertiga draws buyers that are looking for a plush 7-seater vehicle with the proven reliability of Maruti. The high on practicality MPV features highlights such as low running cost, high fuel efficiency comfort and convenience. All this and many more elements count for its high resale value. Due to nearly no competition in the compact MPV segment Ertiga retains 88 percent of its original value even after 3 years.
SUV Segment
Mahindra Scorpio
The Scorpio is a famous go anywhere SUV loved by one and all, irrespective of urban or rural buyers. Mahindra Scorpio has been ruling the entry-level SUV segment for more than a decade and holds a strong position with limited competition in the rugged cordon. The Scorpio retains 65-70 percent of its original value, after 3 years.
Renault Duster
The popular urbane SUV with sporty styling, practicality and robust suspension unit sets itself apart from other city SUVs. The contemporary compact SUV gave wings to the French car maker in India. Duster retains about 70-80 percent of the new price value after 3 years.
Toyota Fortuner
The suave SUV from the Japanese carmaker has been dominating the premium SUV segment since more than 7 years. Despite being an upper segment capable SUV, Toyota Fortuner offers peace of mind with its low running cost and durability factor. Following the footsteps of Innova, Fortuner too holds nearly 85 percent of its original value even after 3 years.
Ford EcoSport
The EcoSport compact SUV is one such product from Ford stable that garners exceptional resale value. From sleek sporty looks to performance and from fine suspension setup to reasonable maintenance, Ford EcoSport imbibes everything a mini SUV should possess making it an attractive buy. The EcoSport retains approx 87 percent of its original cost even after 3 years.
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