Resale value of a car is one of the main criteria for buying a new car in the Indian market, there are a few vehicles that offer high resale value
With the popularity and the size of the used car market increasing rapidly, most of the Indian customers put extra weight on the resale value of a car when choosing a new car. While the resale value depends on various situations like the condition of the vehicle, age of the vehicle, and how well it is maintained.
However, the brand value of the vehicle comes into the play quite a lot when deciding the resale value of a vehicle. There are a few evergreen cars that enjoy a good resale value. Here are five such SUVs that have a high resale value in the used car market.
1. Maruti Suzuki Vitara Brezza
The Maruti Suzuki Vitara Brezza is the first sub-4m compact SUV from the brand. It displaced all other UVs from the top sales chart to claim the top position and remains there with a big lead over the second-best selling UV in the market. The Vitara Brezza is only offered with a diesel engine, but there are both manual and AMT automatic options available with the compact SUV.
Maruti Suzuki’s brand value plus the reliable 1.3-litre Multijet engine in the Brezza makes it the first choice of many. The Vitara Brezza retains most of its original cost in the second-hand car market even after years, and because it is affordable to maintain even after years of usage, it has become a popular choice in the used car market too.
2. Hyundai Creta
Hyundai Creta has been ruling the segment since it was launched in the Indian market. Over the years, Hyundai has released a few minor facelifted update of the car, but the vehicle retains its resale value in the used car market. The Hyundai Creta is offered with three engine options.
It comes with an entry-level price tag of Rs 10 lakh, which makes the on-road price more than Rs 11.5 lakh. This is why there’s a massive demand for the car in the used car market, which ensures that it gets a high resale value in the second-hand car market.
3. Toyota Fortuner
The Toyota Fortuner is an evergreen full-size SUV that has remained as the best-seller in spite of the launch of serious competitors in the segment. The Toyota Fortuner is currently in it’s second-generation and sells like hotcakes. Toyota is one of the most trusted brands and comes with bulletproof engines that can operate for lakhs of kilometres without throwing a tantrum.
The Fortuner is an extremely popular car on the sales chart and remains high in demand in the used car market too. Due to the extremely high reliability, the resale value of the Fortuner remains very high in the market. There are even first-generation model selling at an attractive price in the market. Toyota also offers an extended warranty of 7 years, which makes it extremely popular in the second-hand car market.
4. Ford EcoSport
The Ford EcoSport was the first car that made the sub-4m compact SUV segment famous in the Indian market. The EcoSport has been around for a long time in the Indian market. Ford claims that it is one of the most affordable cars to maintain in the segment, which makes it accessible in the second-hand car market.
The EcoSport’s stable build quality also ensures that it produces fewer rattles than the competitors, making it the first choice of many used car buyers.
5. Mahindra Scorpio
The Mahindra Scorpio is extremely popular in the market for its rugged body, affordable maintenance and capability to handle the extreme road conditions. The Scorpio has been around for years now and has become a familiar face on the roads. The Mahindra Scorpio offers a no-nonsense set-up, which is why it is effortless to maintain even after years of usage.
The availability of the parts is also easy. Mahindra launched the Scorpio in 2002, and over the years, the SUV has made its brand-value to become one of the top choices. It has a lot of competition now but has remained a steady seller on the sales chart. There’s quite a demand for the Scorpio in the used car market too, which makes sure that it gets a good resale value.