How to Get the Best Resale Value for your Maruti Suzuki Car

Maruti Suzuki is India’s best selling car maker, regularly clocking lakhs of sales in a year. With so many Maruti Suzuki cars on the road, there is always a question of what the resale value of your Maruti car will be when it comes time to sell. If you are selling your used Maruti Suzuki car in the used car market, here is how you can ensure you get the best resale value for your Maruti Suzuki car.

Factors Affecting Maruti Suzuki Car Resale Value

Despite being India’s largest and one of the most favourite car manufacturer, the resale value of a Maruti Suzuki car will depend on certain factors that largely influence the resale value of a car, irrespective of its brand. These include: 

Condition

Needless to say, the overall condition of your vehicle is one of the most crucial factors that determine the resale value of your car. When it comes to Maruti Suzuki cars, even though the demand is always high, a vehicle in good condition will always fetch more than the one which isn’t.

Factors like exterior paint conditions, dents, scratches, major and minor blemishes etc. are all factors that will affect the resale value of your Maruti Suzuki car. Even the interiors must be maintained well to seize the maximum benefits. Ensure that your vehicle is kept clean, dust and clutter free. Making sure all electronic components and interior parts are working well is also a great way of ensuring that your vehicle is in good shape.

Odometer Reading

The first thing a potential car buyer examines in a pre-owned car is the odometer reader. The math here is simple, the higher the reading the lower the price. Even if your vehicle is not in the best shape, if it is genuinely driven less, then it will definitely fetch a higher price. Even though odometer reading is the most crucial factor in determining your Maruti Suzuki car’s selling price, make sure you do not indulge in odometer tampering, as that will ruin your resale value forever.

Number of Owners

Cars are depreciating assets and is one of the major reasons people tend to sell their cars after a period of time to get the best resale value. The lower value of the car is also why second hand cars are preferred in the first place. However, as the vehicle changes owners, its resale value is always affected. The more number of times the car changes ownership, the lower the resale value. 

Since Maruti cars are known for their reliability and low cost of ownership, it is not hard to find a buyer for your car even if you are a second or third owner. However, if you are a second or third owner of a used Maruti Suzuki car, do keep in mind that the resale value of your car will be significantly lower even if it has been regularly maintained. 

Model Popularity

There is no doubt that Maruti Suzuki is indeed India’s largest car manufacturer, with an inventory that has something for all needs. But despite a promising inventory of cars, some are always loved more than others. Thus, when you go out to sell your Maruti Suzuki car, its popularity and demand will largely determine the overall resale price. Cars like the Vitara Brezza, Swift, and WagonR are all hot-selling Maruti products that command a higher resale value. On the other hand, cars like the S-Cross, Ignis, and Celerio have a somewhat lower resale price due to lower public perception for these models.

Age

No matter how good your vehicle is kept, its age can never be hidden. And when it comes to vehicle age, the higher the number the lower the value. Since petrol engines have a life of 15 years, and diesel cars have a life of 10 years, cars that have crossed more than 50% of their life tend to have a lower resale value as compared to newer vehicles.

Accidental Status

No matter how carefully you drive, minor accidents are bound to happen. While they may not affect your car’s resale value that much, major accidents are something that will substantially decline your Maruti Suzuki car’s resale value in no time. Cars that have met with a major accident and repaired usually have a resale value that is 20-40% lower than a non-accidental car. Additionally, accidental cars are also tougher cars to sell, which usually means you end up selling your car at a throw away price.

Powertrain, Transmission and Colour

Last but surely not the least, the powertrain, transmission and colour of your Maruti Suzuki car will also determine its resale value. Since diesel cars have a shorter life span of about 10 years, the resale value of a diesel car would be lesser than that of the petrol for the same model. Similarly, since automatic transmissions are considered to be more expensive, automatic Maruti Suzuki cars usually command a higher resale value.

 

Finally, Maruti Suzuki is known to offer peppy colours onboard some of their models like the Maruti Suzuki Vitara Brezza and Ciaz. Desirable colours like blue and red as well as dual tone colours can command a good resale value. However, the general rule of thumb is that colours that are not white or grey do not command a very high resale value. With that said, classic colours like white, grey etc. are the most demanded overall, and hence, command a higher resale value than other colours.

Expected Resale Value of Maruti Suzuki Cars

While the overall resale value of your Maruti Suzuki car will depend on the various factors that it is affected by, you can expect to sell your used Maruti Suzuki car in the price table compiled below. The data here is derived from the value customers of Spinny have received for their car. Do note that prices mentioned here are subject to vary based on the car’s actual condition.

Best Time to sell your Maruti Suzuki car

When it comes to brand new vehicles, as much as 20% of the car’s value is lost in the first year, with 10% dropping with each passing year thereafter. After five years, a new car is generally worth half the price you paid. Your car’s depreciation year after year largely affects your resale value. Therefore, when it comes to selling your vehicle, time is of utmost importance. Even if you own a pre-owned Maruti Suzuki vehicle, depreciation will still be a considerable factor to take into account.

If you own a brand new vehicle, then selling it off within 5 years of ownership can fetch you the maximum price. But if by chance your vehicle is 5 years and older, then selling it off before it completes 7 years of age can still fetch you a considerably better price. Let’s understand this with a practical example of the Maruti Suzuki Swift.

Suppose that you own a 2018 Maruti Suzuki Swift ZXi that was sold at an approximate on-road price of ₹7.65 Lakhs. If you plan to sell the car this year in 2021, your vehicle would fetch as much as ₹6.20 Lakhs with SellRight by Spinny. That means in 3 years of ownership you will only lose about ₹1.45 Lakhs.

Now if you would have had a 2015 Swift VDi that was sold for an approximate on-road price of ₹6.70 Lakhs, selling it in 2021 would have fetched you approximately ₹3.5 Lakhs. This means that you will lose about ₹3.2 Lakhs in just 6 years of ownership. 

With that said, even pre-owned vehicles undergo depreciation, however at a pace much slower than brand new cars. With used Maruti Suzuki cars, it is recommended to sell the car within 5 years of ownership to get the most benefit while avoiding severe loss of value. This is because selling an already owned pre-owned vehicle also takes into account additional factors like number of owners into consideration.

Ready to sell your Maruti Suzuki car?

Now that you know about the factors that affect the resale value of your Maruti Suzuki car as well as know the price range you can expect, it is time to sell your car for the best value. This is where SellRight by Spinny delivers the most value to you. SellRight by Spinny is an intuitive platform that uses a quality oriented evaluation process to fetch the best value for your car as compared to local dealers and other online platforms. Indulge in a simple, secure and hassle free selling process with SellRight by Spinny and take advantage of free doorstep evaluation, same day payment and secure ownership transfer form the comfort of your home.

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FAQ about Maruti Suzuki Resale Value

Which Maruti Suzuki car has the best resale value?

Maruti Suzuki cars retain their value very well over their lifespan. The Maruti Suzuki Vitara Brezza, Maruti Suzuki Swift, and Maruti Suzuki Dzire are cars that have the best resale value.

Why do Maruti Suzuki cars have high resale value?

Maruti Suzuki cars have high resale value due to being economical cars to maintain as well as being viewed as very reliable cars.

What is the resale value of Maruti Suzuki Swift?

The resale value of Maruti Suzuki Swift ranges between ₹2 lakhs to ₹6 lakhs depending on the model year and condition of the car.

What factors affect resale value of Maruti Suzuki cars?

Like all cars, the resale value of Maruti Suzuki cars are affected by the condition, odometer reading, age, model popularity, and powertrain.

Is resale value of diesel Maruti Suzuki cars high?

As Maruti Suzuki has discontinued their diesel engines, the resale value of diesel Maruti Suzuki cars has become high in recent months due to their desirability and reliability.

 

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