Buying a brand-new car can seem like a herculean task especially if you are new to driving. If this is your first time, owning a car or if you’re still learning the ropes of driving, then purchasing a second-hand vehicle or a car can be easier in such cases. There are many good car options available in the second-hand car market today. There are several factors to consider while buying a second-hand car. Some of the crucial factors to evaluate are: year of registration, condition of the vehicle, resale value, maintenance expenses, etc.
Of all these factors, one of the most crucial deciding aspects to consider is the resale value of a car. Most buyers often miss this aspect while buying their new car. It is highly recommended to look for a car, which has the lowest depreciation. A car which has a low depreciating value can be easily sold at a higher price because of high demand.
If you are looking to buy a pre-owned car, here are the nine best options to consider in the Indian second-hand car market.
Additional Reading: SBI Used Car Loan
The Renault Kwid boasts of many followers and has seen massive demand in the new car market as much as the pre-owned category. Majority of the buyers of this car are youngsters and those buying a car for the first time. A used Kwid is often preferred by buyers because of its high resale value. You can buy a rarely used recent model of Kwid for as low as Rs 3.5 lakhs. The RXT model comes for as low as Rs 2.9 lakhs in the online resale market.
Maruti Suzuki Swift
Maruti Suzuki Swift is a hatchback car which has topped the charts for a long time in the used car segment. The entry of new generation cars has not affected the demand for this car, especially in the used car market. The Swift can be easily found on various used-car portals and also physical markets. It can range between Rs 2.5-5.5 lakhs depending on the model, make, condition, etc.
Maruti Suzuki Baleno
The new Maruti Suzuki Baleno is a best-selling premium segment hatchback car in the country. It made its entry 2 years ago and this model continues to have a long waiting period going up to 3-4 weeks. This is one of the reasons why customers often opt for a used variant. It can cost anything around Rs 4-6 lakhs and it makes for a great buy because of its sturdy make.
Additional Reading: All You Need to Know About Used Car Loans
Honda came out with an all-new Amaze at the Auto Expo of 2018. However, what still catches the eye and remains a preferred option is the old Amaze, with its ordinary looks, a peppy engine, and a diesel variant. The Honda tag is enough for Indian buyers to consider buying this car. It is a value-for-money option with great after-sales service. It carries a high resale value and can be bought somewhere between Rs 4-5.5 lakhs.
Customers looking for the leader in the C-segment sedan segment can easily buy a Honda City. The Japanese company has left no stones unturned to make this car one of the best options as it comes with the adequate features combined with the perfect engine and transmission. It also makes for a decent vehicle to drive around. Buyers do not mind going for a resale model because of the build quality and excellent after-sales service by the company. A used Honda City can be bought for anywhere between Rs 2.5-8.8 lakhs. This price could vary depending on the year of make, usage years, and condition.
For buyers looking to experience luxury, this top-notch car is an excellent choice with its feature-packed interiors. The Toyota Altis comes with 2 engine alternatives. While the engine themselves may not be high performing irrespective of petrol or diesel, it is ideal for those looking to be chauffeured around. The car can be bought at a good bargain provided one checks with the state of the car thoroughly. A first-gen model is a good option, but some of them may have run over 50-60,000 km. The new-gen alternative is difficult to find but no harm in exploring online.
For buyers who love adventure trips, Renault Duster is one of the best alternatives to consider. Unlike the Scorpio, Duster is a relatively compact SUV which has a monocoque chassis. The car has many features and good ground clearance for a smooth ride on any kind of road or dirt paths. One of the best driving features of this car is its ability to move around the city traffic with the utmost ease. A used variant can prove to be as sturdy as a new one as long as its condition is thoroughly checked.
The Tata Hexa has seen a very high demand since the time of its launch. Even now it sees constant unavailability of pre-owned variants which indicates that customers are very happy with the car. A new Tata Hexa comes for approximately Rs 11.85 lakhs, ex-showroom. When it comes to pre-owned models, it can cost anywhere between Rs 9.5-12 lakhs provided you can lay your hands on one.
The Mahindra XUV500 has had several cosmetic updates and is better-equipped with its new variant. While this means extra cost, you can always go for a pre-owned one. Pre-owned XUVs can cost between Rs 9.85-11 lakhs.
Additional Reading: 5 Lenders That Offer Best Deals On Used Car Loans
As much as car prices are expected to fall this year due to Covid-19 impact, they may soar in the new year. Therefore, this is a good time to hunt around for discounts and deals. If you are looking for larger savings, you can choose a pre-owned car. A pre-owned car can provide the satisfaction of owning a vehicle and it also comes at a much lesser price. Apart from the variants mentioned in this article, there are options such as WagonR, Ertiga, i20, Skoda Laura, etc, depending on your likes.