How to get the best resale value – Honda Amaze

Factors Affecting Honda Amaze Resale Value

Condition

✅Make sure your Amaze does not have any scratches, dents, or any other visual faults.  ✅You can also have your car repainted and detailed.  ✅Ensure all switches, controls, the battery, and features of your Amaze are properly working. ✅Keep your service records of your Amaze handy and well-organised.  ✅All the same, if your Amaze is under warranty, it will go a long way in commanding a high resale value.

Odometer Reading

⚠️The odometer reading is one of the first details that a buyer asks while considering a used car. ⬆️more your Amaze is driven =  ⬇️ lesser is its resale value.  However, since Amaze holds a reputation as a durable car, an Amaze with high odometer reading can claim a significantly better resale value than many other cars which have the same odometer reading.

Number of owners

💔 Many believe cars with multiple owners are less reliable, but a car with 1-2 owners is seen as more dependable.  To boost your Amaze’s resale value, aim for no more than two owners🌟🔧

Model popularity

After a minor facelift in 2016, Honda launched the second-generation Amaze in 2018.  🆕The car received a complete design overhaul on the outside with new headlamps and tail lamp assembly.   Along with the new design, the new Amaze got a new touchscreen infotainment system and a CVT automatic for the diesel engine, making it the only car which offered the combination of a diesel engine and a CVT automatic.  😎Since the 2021 facelift has not changed the Amaze much, the demand for this model is still strong and you can expect a great resale value for 2018 – 2021 models of the Amaze.

Age

The moment a new car is driven out of a dealership, it loses its value by 🔟 percent. With each passing year, its value drops by nearly 10 percent . A 5-year-old car can fetch only half of the price. 💪Nevertheless, the durability of Amaze does come into play when considering its age. Even a 10-year-old well-maintained Amaze can claim around 30 – 35 percent of its original value.

Accidental status

🚨It all depends on the severity of accidents🚨 In India taking your car through traffic jams in tight spaces, small dents and scratches are unavoidable.😓 🤕Whereas, major accidents can damage important components. Yet a buyer does not trust a car which has met a major accident in the past, and even if he does, he tries to settle the deal for nominal prices.😯

Powertrains, Transmissions, and Colours

⛽It is important to remember that in regions like Delhi NCR, the scrappage for diesel cars is 10 years and 15 years for petrol cars, and this makes diesel cars claim lower resale value as compared to their petrol car. 💰As far as transmissions go, the automatic transmission is costlier than the manual one. Therefore, the automatic Amaze gets more resale value than the manual one.  🩶Silver🩶 and 🤍White🤍 are the preferred colours with the Amaze. 

Here is the list of the expected resale value of your Amaze.  Do remember, that these prices can vary depending on the vehicle’s overall condition.

Expected Resale Value of Honda Amaze

Color Soul

Teamality

Together Who

Group by numbers

Pieced Together

$5.00

$30.00

$45.00

$80.00

$120.00

2013 – 2016 (first generation)

2018 onwards (2nd generation)

Petrol manual / automatic

Rs 2.5 – 4 lakh

Diesel manual / automatic

Petrol manual / automatic

Diesel manual / automatic

Rs 2.8 – 4.2 lakh

Rs 4.5 – 9.5 lakh

Rs 4.7 – 9.8 lakh

Model Year

Expected Resale Value

Fuel  Type

💸We advise you to sell your Amaze within five years of purchase.  📉Once your car is more than five years old, it can lose more than 50 per cent of its worth.  💼🤵Meanwhile, if you sell your Amaze within five years of its life, it is easier for the buyer to finance it if needed.

Best Time to sell your Honda Amaze

Read the article where we have put forth tips in detail that will help you get the best resale value for a Honda Amaze.