Tata Harrier is one of the most bold SUVs in the Indian car market, being built on a Range Rover platform. It is one of the best available options under Rs 25 lakhs category. However, while selling a Harrier, one should keep in mind how much the resale value of the car. By prioritising resale value, you’ll also maximise your return on investment. That being said, here are all the factors to be taken care off for enhancing the resale value for your Tata Harrier.
Factors Affecting Harrier Resale Value
Selling a used Harrier can be challenging since you need to be aware of various factors which impact the value of the SUV. Since the Harrier is known for its looks and powerful diesel engine, the exterior of your Harrier and how powerful it is to drive will be the first noticeable factor which a buyer will notice. Regardless, following are the set parameters a used car shopper would look for in your Tata Harrier:
Condition
As the saying goes, “the first impression is the last impression”. A glimpse of your well-kept, rust free, scratchless and dent-free exterior goes a long way for the buyer. Well kept headlights and tail lamps are also a key factor if you want to fetch a high resale value. Another tip is to minimise the paint touch ups and body works, to attract a higher price. When presenting your Tata Harrier to any potential buyers, make sure it is spotless throughout and that all of the electronic components are in good operating order.
Odometer Reading
One of the most crucial details a buyer would consider about a used Tata Harrier is its odometer reading. Most buyers filter and sort their used car list through the kilometres driven on a car, and thus this becomes a crucial aspect in determining the resale value. The odometer reading is inversely proportional to the car resale value i.e lower is the odometer reading, higher is the resale value and vice versa. It is crucial to never attempt to manipulate the odometer readings, as such actions are often detected and can significantly reduce the vehicle’s resale value.
Model Popularity
Harrier has been a popular choice among the buyers in the SUV segment and its facelift in 2020 further added to its admiration. Tata saw an overwhelming response to it in the Indian market. It is easy to say that the Harrier has been a consistent seller and it aggregates about 3,000-4,000 units. This in turn means that the car will fetch a good resale value since there is good demand for the SUV. Additionally, with the growing demand for automatics, you can grab an even higher price point if you own a Harrier automatic.
The Harrier has 24 trims in total which includes many special variants such as the Kaziranga Edition and the Dark Edition. The best selling trim is the top of the line XZ+, which would get you the most value in the used car market. Pre-2020 models would fetch a lower price since Tata Motors revamped the Harrier with crucial features such as a sunroof and a well acclaimed automatic transmission.
Powertrain, Transmission and Colour
The engine-transmission pair you pick along with the colour would play a vital role in determining the resale value of your Harrier. The SUV is only available in Diesel, and gets the option of both a manual and an automatic (torque-converter). Interesting piece of information for automatic car owners – the automatic version would fetch higher prices in the long run. However, Diesel cars tend to depreciate a bit faster in NCR because of the 10 year scrappage policy.
Traditionally, white has been regarded as the colour which has the most resale value, but in the case of Harrier, the black colour is the best-selling, purely because of its looks. A black Harrier would sell for 5-10% more, given that the more popular car colours are always the ones that look good, and thus have more demand. Besides, the Dark edition of the Harrier is arguably the most favoured colour of the car.
Age
Age of the vehicle does matter a lot, especially in lieu of Delhi NCR’s 10-year scrapping policy for diesel vehicles. In the first year, the value of a Harrier may decrease by 20–30%. Typically, newer vehicles tend to command higher prices when traded in, however, if your Harrier has not accumulated many kilometres, its resale value is still likely to be high. As an example, a 2020 XZ model which has done roughly 35,000 km demands a price of Rs 18.21 lakh, while a 2019 XZ model with a little less than 25,000 km demands a price of Rs 14.81 lakh.
Accidental Status
Minor accidents happen, and while they may not depreciate the car by a lot, major accidents do. Accidental cars are prone to undergoing a lot of depreciation and a Harrier which has an accidental history would sell for 20-40% lower than they would’ve gotten if they were not an accidental car. This however, depends on the degree of the accident, as well. It’s better not to sell an accidental Harrier and keep it rather than selling it off for dirt cheap prices.
Number of Owners
Again, resale value of a car, is inversely proportional to the number of owners. The history of the number of owners of your Tata Harrier impacts the resale value i.e the more the owners, the lesser the value of a car. The extent of wear and tear experienced by a car’s components is heavily dependent on the driving habits of its owner. Each owner’s driving style is unique, which makes it challenging to determine how a car was treated when it has had multiple owners. As a result, the value of a Tata Harrier in the resale market tends to decrease with every ownership transfer. Traditionally, the first and second owners of a Tata Harrier are able to command a higher resale value as compared to subsequent owners.
Expected Resale Value of Tata Harrier
A Tata Harrier would sell for about 50% its original price after 5 years, at an average of 10% per year. Pre-2020 Harrier models would fetch a resale value of about Rs 8-12 lakh in 2023, depending on the factors stated above. A post-2020 Harrier would sell for about Rs 9-18 lakh in 2023, which is a lot more since the number of trims are more and the age is less. If you’re buying a Harrier in 2023, a fair projection for the expected resale value for a Harrier after 5 years would be between Rs 10-16 lakh, while after 8 years, it will drop to about Rs 8-12 lakh.
Best Time to sell your Tata Harrier
An ideal time to sell your Tata Harrier would be after 5 years, since maintenance bills start climbing and the resale value dips too. Using a car for about 5-7 years would be the sweet spot in terms of resale price of the car, value derived from driving the car, and time for upgrading to a new car. Moreover, since the Harrier only has diesel, the Delhi NCR rule plays a major influence as well, considering it affects the time a buyer can actually hold the car before scrapping it.
FAQs about Tata Harrier Resale Value
Q. Is there resale value for Tata Harrier?
Yes, tere is quite a good resale value for the Tata Harrier, especially if the car is in good shape. It further varies on a lot of factors and boils down to the car’s age, variant, condition, and other miscellaneous factors such as colour, transmission, and accidental status.
Q. Why does Tata Harrier have a good resale value?
The Tata Harrier is a popular SUV and owing to such fame the car’s resale value is well over that of the competition. Moreover, many people flock to the used car market to buy an almost new Harrier to get a cheaper price and eliminate the need for waiting periods.
Q. What factors affect the resale value of a Tata Harrier?
Factors such as age, variant chosen, condition and kilometres on the car affect the resale value of a Tata Harrier.
Q. What is the resale value of a 2019 model of Tata Harrier?
The resale value of a 2019 Tata Harrier ranges from Rs. 10-16 lakh depending on the trim, powertrain, condition and kilometres on the Harrier.
Q. Is it worth buying a used Tata Harrier?
Buying a used Tata Harrier can potentially save you money compared to buying a new one since used cars generally have a lower price than new ones. Additionally, buying a used Tata Harrier can help you steer away from the long waiting period associated with buying a new one since you can immediately take possession of the vehicle.
