When buying a car, we look at several factors to shortlist and choose the perfect car for us. One of the key factors is the resale value a car commands in the used car market. While cars are depreciating assets, considering the resale value gives a fair idea of the future value of the car after certain years of ownership. Some cars, however, have a higher resale value than their competitors and a number of factors impact this value. Here are five cars with the best resale value in India.
Table of Contents
- Hyundai Creta
- Honda City
- Maruti Vitara Brezza
- Mahindra Scorpio
- Toyota Innova Crysta
- Summary
- FAQs about Resale Value Cars
Hyundai Creta
The Hyundai Creta is Hyundai’s best-selling car in India and remains on the best-sellers list every month. Hyundai has specced Creta with a host of upmarket features and offers it a wide range of powertrains that include a petrol engine, a diesel engine, and a turbo petrol engine. Being the most value-for-money car in its segment combined with Hyundai’s fuss-free after-sale services, add exceptionally to Hyundai Creta’s resale value. Since the mid-size SUV has a great demand in the new as well as the used car market, it holds its resale value well and you can get approximately 85 percent of its value even after 3 years of ownership.
Estimated Resale Value of Hyundai Creta
Model Year | Ex-showroom price | Highest Estimated Sale Price | |
2015 - 2019 | Rs. 10.44 – 18.24 lakhs | Up to Rs. 13 lakhs | |
2020 - Present | Up to Rs. 16.5 lakhs |
Honda City
The Honda City is the decades-old leader of its segment and serves as the yardstick for mid-size sedans in India. With its unrivalled i-VTEC engines, the Japanese sedan has earned remarkable respect for its durability and therefore it commands as much as 75 percent of its value even after 3 years of ownership. The Honda City is and has always remained a supremely comfortable sedan for five passengers and delivers a premium ride quality with its premium as well as durable interiors that also help it retain a great resale value.
Estimated Resale Value of Honda City
Model Year | Ex-showroom price | Highest Estimated Sale Price | |
2014 - 2019 | Rs. 11.57 – 15.52 lakhs | Up to Rs. 8.5 lakhs | |
2020 - Present | Up to Rs. 14 lakhs |
Maruti Vitara Brezza
The popularity of a car is directly proportional to its resale value, as is the case with the immensely popular Maruti Vitara Brezza. Bagging the pre-owned car of the year award 2022 from Autocar speaks volumes about the astonishing resale value of the Maruti Vitara Brezza. The Maruti Vitara Brezza can retain 90 percent of its initial cost even after three years of ownership, and since it’s been replaced with the next generation Maruti Brezza this year, it’s only available in the used car market. The immensely wide service network of Maruti and the cheap maintenance cost of Maruti cars also help the Vitara Brezza claim such a great resale value. Moreover, with a 4-star G-NCAP safety rating under its belt, the Maruti Vitara Brezza is the safest Maruti car in India.
Estimated Resale Value of Maruti Vitara Brezza
Model Year | Ex-showroom price (discontinued) | Highest Estimated Sale Price | |
2016 - 2022 | Rs. 7.84 – 11.49 lakhs | Up to Rs. 10.5 lakhs |
Mahindra Scorpio
The Mahindra Scorpio has garnered massive popularity over the years, especially in rural India, where a vehicle’s durability is of paramount importance. What keeps the Mahindra Scorpio in such high demand is the perennial durability of its robust chassis and the rugged calibre that makes it easily drive through challenging road conditions. Moreover, being easy to maintain and affordable maintenance cost further help Mahindra Scorpio claim a high resale value. The Indian SUV retains around 70 percent of its initial value, even after being driven for 3 years.
Estimated Resale Value of Mahindra Scorpio
Model Year | Ex-showroom price | Highest Estimated Sale Price | |
2014 - 2021 | Rs. 11.99 – 15.49 lakhs | Up to Rs. 8.5 lakhs | |
2021 - Present | Up to Rs. 12 lakhs |
Toyota Innova Crysta
The Toyota Innova is the undisputed king of the MUV segment in India and seeing a few lakh kilometres on the odometer of Toyota Innova is a common sight. The durable set of engines, reliable infrastructure, and unmatchable comfort of travelling always keep Toyota Innova in high demand in both the new and used car market, and this essentially translates into high resale value. The Toyota Innova can claim approximately 90 percent of its value even after 3 years of ownership.
Estimated Resale Value of Toyota Innova
Model Year | Ex-showroom price | Highest Estimated Sale Price | |
2016 - Present | Rs. 18.09 – 23.83 lakhs | Up to Rs. 23 lakhs |
Summary
Other than age, several factors go into deciding a car’s resale value, such as service history, brand image, spare parts cost and availability, insurance coverage, and others. However, the level of wear and tear is the most important of them all, and this is why it’s always advised to keep your car as maintained as possible, to retain high resale value. If you are in the market for a car that has a good resale value, this article will greatly assist you in making a sound decision.
FAQs about Resale Value Cars
Q. Why is Toyota Innova durable?
A. Toyota Innova is equipped with a highly durable engine as do other Toyota cars. Along with that, Innova has strong built quality and long-lasting ride quality.
Q. Why do Honda cars have good resale value?
A. The i-VTEC and i-DTEC engines of Honda City are a couple of the most efficient and reliable engines in India. Furthermore, the car offers an exceptional ride while offering you a spacious and comfortable cabin.
Q. Will second-hand EcoSport be a good idea?
A. Ford EcoSport offers excellent safety and robust build quality as top-notch material is used in Ford’s car manufacture. It also offers a long-lasting and efficient engine and low maintenance cost. So, if you find an EcoSport in well-maintained condition, it’s certainly a good choice.
Q. What is the resale value of Baleno?
A. The resale value of Maruti Suzuki Baleno is up to 7 lakhs for 2015 – 2018 model, and up to 9 lakhs for 2019 – 2021 model.
Q. Which Ford cars have the best resale value in India?
A. Ford EcoSport and Ford Endeavour are highly revered in India and both of them have lucrative resale values.
Q. Why do Maruti cars have good resale value?
A. Maruti Suzuki is the biggest carmaker in India and has the widest service network. The availability of spare parts, the accessibility to service centres, cheap maintenance cost, and lastly the brand image of Maruti make the Maruti cars claim a good resale value.
What are the requirements for a car to have a good resale value?
A. The requirements for a car to claim a good resale value are
Car’s overall condition
Service History
After-sale service
Cost and availability of spare parts
Car’s insurance cover
Brand’s image
Q. Which Hyundai cars have the best resale value?
A. The Hyundai cars with the best resale value are Hyundai Creta and Hyundai Grand i10 Nios.
Q. Which Mahindra cars have the best resale value?
A. The Mahindra car with the best resale value is Mahindra Scorpio.