It is said that the used car market in India is more than twice the size of the new car market. Hence, just like in the new car segment, the used segment has some hot-sellers; cars that are popular among used car buyers due to their virtues of being reliable, frugal, and easy to maintain. No surprises, then, that people are almost always willing to pay a slight premium for such cars. A used car’s value, in general, is governed by three factors – their brand and their condition. While the condition of a car plays a vital role in its value in the used car market, cars of certain brands enjoy a higher resale value than similarly well-maintained cars from other manufacturers. The two most popular brands in the new car segment also govern the used car market – Maruti Suzuki and Hyundai. In this post, we take a quick look at 5 used small cars with best resale value.
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The Alto twins, 800 and K10, are among the hottest selling small cars in both new and used car markets. Both these cars are fairly reliable and easy to maintain. Powered by three-cylinder engines, they are known for their peppiness and frugality. Also, spare parts prices of both the cars are low. The icing on the cake is the wide service network of Maruti Suzuki. Furthermore, thanks to their simple construction, they can be serviced almost anywhere. Their engines are known to run for lakhs of kilometers without any trouble. All these qualities make the Alto 800 and the Alto K10 immensely popular in the used car market. You just can’t go wrong with either of them
The WagonR is another offering from Maruti Suzuki that enjoys a huge popularity in both the new and the used car market space. Its K10 engine delivers a good mix of power and fuel economy. Also, a tallboy design means easy ingress and egress. Moreover, parts are cheap and freely available. Basically, the WagonR offers all the qualities of the Alto K10 along with a higher practicality. Among the largest selling hatchbacks in the new market, the WagonR also enjoys a good resale in the second-hand car market.
The Grand i10 has been the most successful car in its segment. In spite of being many years old in the market now, the Grand i10 continues to give other cars a run for their money. Much of this has to do with the spacious cabin, light controls, a peppy yet frugal 1.2 Kappa engine and a long list of features. The Grand i10 is also available with a frugal diesel engine. Furthermore, it benefits from the company’s large service network. Spares are not exactly cheap but are easily available and high on quality.
Another best-seller from Maruti, the Swift is easily one of the best used small cars with best resale value.While the third-generation Swift has just been launched and won’t be available in the used car market, there are plenty of good deals available on the earlier versions. The Swift offers a decent mix of funkiness, practicality, long list of features and ease of maintenance. Moreover, the excellent 1.2-litre K-series engine and the Fiat-sourced 1.3-litre multijet diesel engine have been internationally acclaimed for their reliability and frugality. Even the spares for the Swift are very well priced, which means it makes tremendous sense to buy the earlier generation of this car.
The Elite i20 is another Hyundai that commands a high resale value. While its parts are not as inexpensive as other cars in this list, the fact that it’s a well-built product is enough for you to put your money on it. The Elite i20 offers a high level of comfort and a world-class design, which puts it at par with even its European rivals. What’s more, the wide service network of Hyundai Motor India Ltd means that finding an authorized service center near your home is pretty easy. While the Elite i20 recently got a facelift, that doesn’t make the pre-facelift car any less desirable. High on equipment-levels and comfort, a used i20 will serve you for many years to come.
So, which of these 5 used small cars with best resale value are you planning to buy?
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