Even though we love cars, the one undeniable fact remains that it is a depreciating asset. A new car loses about 50 to 60 per cent of its value within the first 3 to 4 years, which means that in less than 5 years the value of your car is less than half of what you paid for it. A more practical and economical choice would be going for a pre-owned or second-hand vehicle. They are much cheaper than a new car and retain better value as depreciation slows down after a period of time. In fact, if your car is well-maintained then you can nearly get that same value for it. So, if you too are planning to get one, here are 5 cars that are right now highly popular in the used car market.
First launched in 2005, India has seen three generations of the car so far and all three are available in the used car market across different price ranges.
The Maruti Suzuki Swift is one of the most popular cars in India. First launched in 2005, India has seen three generations of the car so far and all three are available in the used car market across different price ranges. However, we would suggest going for the second-gen model or above, possibly something that was launched after 2010. You can get one for a little over Rs. 2 lakh, while for a more recent third-gen model you'd be paying around Rs. 6 lakh to Rs. 8 lakh. The prices depend on the model year and condition of the car.
Also Read: Top 5 Pre-Owned Automatic Compact Sedans To Buy
You will find a used Baleno for around Rs. 5 lakh to Rs. 8 lakh, depending on the model year and condition of the car.
The Baleno is yet another popular car from Maruti Suzuki India and it is highly popular in the used car market as well. Like all Maruti Suzuki products, the Baleno too is right now petrol-only, however, it used to come with a 1.3-litre diesel engine earlier, and that is the one we would pick. However, the petrol option is also equally good, and you get the option of a CVT automatic as well. You will find a used Baleno for around Rs. 5 lakh to Rs. 8 lakh, depending on the model year and condition of the car.
Hyundai offered the Grand i10 used to come with both petrol and diesel engine options, and the suggestion would be to look for the latter.
The Hyundai Grand i10 is also a very popular hatchback in the used car space, and for those looking for a convenient city car, an automatic option is also available. Hyundai offered the Grand i10 used to come with both petrol and diesel engine options, and the suggestion would be to look for the latter. The car offered a spacious cabin and good ride quality, and you will find a used Hyundai Grand i10 for around Rs. 3 lakh, with prices going up to Rs. 7 lakh, depending on the model year and condition of the car.
Hyundai offered the car with both petrol and diesel engine options, and the former also came with the choice of a 4-speed automatic.
The Hyundai i20 is yet another popular choice in the pre-owned car space. Like the Swift the i20 too has gone through two-generation upgrades, so you are likely to find a tonne of good options. Hyundai offered the car with both petrol and diesel engine options, and the former also came with the choice of a 4-speed automatic. Depending on the model year and condition of the car, you can get one for anywhere between Rs. 3 lakh and Rs. 7 lakh.
You can get a third or fourth-gen Honda City for anywhere between Rs. 4 lakh and Rs. 9 lakh, depending on the model year, and the condition of the car.
The Honda City has always been a benchmark in the compact sedan space, and it is certainly famous in the used car market as well. India has had five generations of Honda City, and the latest one was launched in 2020. The City comes with the option of both petrol and diesel engine, along with good driving dynamics. You can get a third or fourth-gen Honda City for anywhere between Rs. 4 lakh and Rs. 9 lakh, depending on the model year, and the condition of the car.
