There are a collection of factors that an individual looks at when deciding to buy a new car- the model, make, performance, pricing, fuel efficiency etc. are some of them. Resale value may not be one of the first factors to come to mind but that should also not be the case.
India is a country where 80% of the cars are bought on loan and hence the car’s performance and dependability in the course of time is a crucial factor. Being a depreciating asset, after a couple years, there is a need to buy a new one. The cost and value in the subsequent years would have easily shot up and the pricing and costs would be due to inflation, rise in operation and production costs and also newer technologies. So, the next time you think of buying a vehicle keep this in mind!
There are certain cars which hold a certain value in the Indian Used car market. Let’s have a look at some of the popular used cars:
Maruti Suzuki Swift
A dominant player in the new and second-hand market, the Maruti Swift has been in demand ever since its launch in India. Certain factors like brand reputation, spacious cabin and powerful engine have created immense demand for this vehicle. Available in both petrol and diesel versions, the Swift is considered one of the top resale value cars in the country. This value for money car offers a blend of practicality, utility and fun all the same time. A well-tuned suspension designed for Indian roads lets you glide on the roads. Thinking of pushing the car to its limits? This powerful car is sure to leave you impressed and feed the enthusiast within you. Another key feature is the maintenance and fuel bills will not damage the pocket. The front seats are comfortable and wide and provide a smooth and relaxed ride. The light steering helps you breeze through traffic, even on tough days. An overall package which delivers in all aspects, the Swift is the car you are looking for – a complete package with just a little extra!
Being sold in 10+ countries, the home-grown Mahindra SUV has created much demand in the Indian market with its impressive, dominant desi-presence and has gone a step ahead of luxury SUV segment cars. Time has played a crucial role in the evolution of the Scorpio and now it stands as a hassle-free product. Available in both a 2WD and 4WD variations, the SUV has a strong presence, rugged body and the ability to go anywhere. The spacious cabin offers 7 and 8 seating options – folding up the last row also creates more boot space. Offering a combination of power and practicality, the Scorpio has made its mark in the mind and hearts of enthusiasts. Providing the experience of a car in the SUV format, the Scorpio is powerful, efficient and a symbolic status and remains one of the most rugged and sturdy vehicles in the second-hand car market.
Gaining major success and popularity upon release, the Honda City, still remains as one of the wanted vehicles in the country. Initially they offered only a petrol version and due to this for a short gap in between, the craze about City had gone down. But in no time, the Japanese carmakers sprung back with a diesel version to re-capture the market. This sedan is a game changer and has done exceedingly well and survived the rigorous market and kept up with progress from generation to generation. The interiors have ample space for passengers and are loaded with features. Cabin space, mileage, engine performance and social status are few reasons as to why this car has made a lasting impression.
Affordability paired with features is the perfect description for the Hyundai Verna. It is widely popular and under the radar of many buyers as they have two diesel and two petrol versions. The most popular model of the Verna is the 1.6L diesel engine powered by 128bhp of power and a torque of 260Nm. This signifies that the car not only comes with a powerful diesel engine but also attractive design and loaded with ample features. Encapsulating premium looks, affordable price, sophisticated style and a huge list of features, this car has mesmerized all buyers.
When you look at the car from the outside, it may not exude the stylish car tag. On the other hand, the design maybe substandard but the car is favoured for its functionality. Popular both in the national and international markets, there are very few rivals for this car. The compact design offers ample space for passengers and luggage, this coupled with the price, makes it a perfect match for middle-class families. The tall stance allows easy ingress and egress which again proves, it’s a family worthy car. Furthermore, the compact size allows easy driving especially in the city. This is the apt vehicle for anyone who is looking for an easy to drive car in the city with ample space and occasional highway use and low cost vehicle – if you checked yes for the above points then this is the car for you.
In India the used car market is highly popular. Used cars can be bought through brokers, agents, dealers and online sites which constitute the organized sector and the unorganized sector comprises of neighbours, referrals or friends even. Trust and reliability are two major aspects that are taken into consideration in India while buying in the second’s market. This is the reason Maruti Suzuki and Hyundai two powerful and trusted auto brands have made a strong impact in the used car segment.
To learn more about used cars, the used car market, and to use the readily available used car valuation guide and to also try out unique IBB products like Autoinspekt, Auto Finance, Roadside Assistance and more visit IndianBlueBook.
To find out which company/brand is best suited for you may be a tough choice that’s why at IBB, we have come out with a list which is sure to provide you ample information about cars, new releases, its performance, sales figures, reviews and more.