Top five best used cars to consider in the market today
- Buying a used car can save a ton of money if you know what exactly are you looking for.
It is said that the value of a new car depreciates by 10%-20% as soon as it rolls out of the showroom and by the time it is a year old, its market value stands only near 70%-75% of the original cost it was purchased at. On the other hand, buying a used car can save a ton of money if you know what exactly are you looking for.
The used car market in the country is booming at a fast pace, and if statistics of a developed country like US are to be followed, it may overtake the new car market in the years to come.
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Read on to know some of the best used cars you should look out for in the market today if planning to save some serious bucks.
Maruti Suzuki Dzire:
Over the years Maruti Swift Dzire has gained a reputation for being a no-nonsense, budget-friendly, and reliable family car. It is also especially famous among the fleet buyers for all the same reasons. While its current base variant starts from ₹5.89 lakh (ex-showroom), in the used car market it is available at a much lower price tag depending upon the year of manufacturing, variants, and condition of the vehicle.
Honda Civic India-spec (2012-2013):
Honda Civic re-entered the executive sedan segment in the Indian market sometime around early 2019. The previous-gen model was on-sale in the market for a long period and it is still considered quite a catch if you are lucky enough to come across a 2012-2014 model. The best part is that its average cost in the used car market hovers around ₹3 lakh to ₹4 lakh, which is almost 20%-25% of its original price.
Hyundai Creta (last-gen):
The Hyundai Creta has ruled the B-SUV space for a long time now, and the new-gen model is only building on the success of the previous car. While the existing model has been revamped completely from the skin to bone, the last-gen model is still a charming car that set standards when it comes in terms of ride quality, cabin space, features and charming looks. Due to its high demand, it usually sold at a slightly higher price tag even in the used car market.
Mahindra Scorpio (existing):
Even after two decades of its introduction, Scorpio is still a very high-selling brand from Mahindra which has demand in both rural as well as the urban market. While the homegrown automaker might be planning to introduce a new-gen model sometime in 2021, the previous-gen model is one of the hottest selling cars in the used car market for all the right reasons.
Toyota Fortuner (2012-2015):
The Toyota Fortuner has a huge fan following not just in India but around the globe where is sold with the 'Everest' nameplate. While a showroom car will set you back by close to ₹38-40 lakh, you can get your hands on the last-gen model for ₹13-18 lakh.
