Resale Value Cars
Cars are considered as a depreciating asset as its value declines with each passing year due to wear and tear. Therefore, it is imperative that you buy a car that has a good resale value so that you get a good price for it when you decide to sell it. Buying a car with a good resale value is even more important if you change it regularly.
To help you make an informed decision on which car you should buy, below we have listed the top 10 cars in India that have good resale value after 3 to 5 years of usage:
Top 10 cars in India with High Resale Value
Hyundai Creta
The Hyundai Creta is available at an ex-showroom price ranging between Rs.11.00 lakh and Rs.20.15 lakh. The car comes in manual as well as automatic transmissions.
The four-wheeler is available in both petrol and diesel variants. The height, width, and length of the car are 1,635 millimetres, 1,790 millimetres, and 4,330 millimetres, respectively.
The main specifications of the top-end variant of the car are given below:
Category | Specifications |
Engine Capacity | 1,482 cc |
Fuel Type | Petrol |
Seating Capacity | 5 |
Fuel Tank Capacity | 50 litres |
Body Type | SUV |
Toyota Fortuner
The Toyota Fortuner is available at an ex-showroom price ranging between Rs.33.43 lakh and Rs.51.44 lakh. The car is available in both petrol and diesel variants.
The four-wheeler is available in several colours and comes with various features. The features of the car will vary from model-to-model. The vehicle is both manual and automatic transmission.
The main specifications of the top-end variant of the Toyota Fortuner are mentioned below:
Category | Specifications |
Engine Capacity | 2,755 cc |
Fuel Type | Diesel |
Seating Capacity | 7 |
Body Type | SUV |
Maruti Wagon R
The Maruti Wagon R is available at an ex-showroom price ranging between Rs.5.54 lakh and Rs.7.38 lakh. The car is available in both manual and automatic variants. The automatic variant of the car gives a mileage of up to 25.19 kilometres per litre.
The car is available in several models and comes in various colours. Depending on the model, the features of the car will vary.
The main specifications of the car are mentioned in the table below:
Category | Specifications |
Engine Capacity | 1,197 cc |
Fuel Type | Petrol |
Seating Capacity | 5 |
Fuel Tank Capacity | 32 litres |
Body Type | Hatchback |
Maruti Swift
The Maruti Suzuki Swift is available at an ex-showroom price (New Delhi) ranging between Rs.5.99 lakh and Rs.9.03 lakh. The top-end variant of the car is powered by a 1,197 cc engine and comes with an automatic transmission. The car is available in several models and comes with various features.
The four-wheeler gives a mileage of up to 23.76 kilometres per litre and comes with a fuel tank capacity of 37 litres. The rear tyres of the vehicle are fitted with drum brakes, while the front tyres are fitted with disc brakes.
The height, width, and length of the car are 1,530 millimetres, 1,735 millimetres, and 3,845 millimetres, respectively. The four-wheeler is a five-seater that comes with a boot space capacity of 268 litres.
The main specifications of the Maruti Suzuki Swift are mentioned in the table below:
Category | Specifications |
Engine Capacity | 1,199 cc |
Fuel Type | Petrol |
Seating Capacity | 5 |
Fuel Tank Capacity | 37 litres |
Body Type | Hatchback |
Maruti Dzire
The Maruti Suzuki Dzire is available at an ex-showroom price ranging between Rs.6.57 lakh and Rs.9.39 lakh. The top-end variant of the car is powered by a 1,197 cc engine and comes with an automatic transmission. The car is available in several models and comes with various features.
The four-wheeler gives a mileage of up to 22.61 kilometres per litre and comes with a fuel tank capacity of 37 litres. The rear tyres of the vehicle are fitted with drum brakes, while the front tyres are fitted with disc brakes.
The height, width, and length of the car are 1,515 millimetres, 1,735 millimetres, and 3,995 millimetres, respectively. The four-wheeler is a five-seater that comes with a boot space capacity of 378 litres.
The main specifications of the Maruti Dzire are mentioned in the table below:
Category | Specifications |
Engine Capacity | 1,197 cc |
Fuel Type | Petrol |
Seating Capacity | 5 |
Fuel Tank Capacity | 37 litres |
Body Type | Sedan |
Maruti Celerio
The Maruti Celerio is available at an ex-showroom price ranging between Rs.5.37 lakh and Rs.7.09 lakh. The car is available in several colours and features. The features of the car will vary from model to model.
The hatchback is available in both manual and automatic models. The mileage of the car depends on the model. The vehicle gives a mileage of up to 26.68 kilometres per litre.
The main specifications of the car are mentioned in the table below:
Category | Specifications |
Engine Capacity | 998 cc |
Fuel Type | Petrol |
Seating Capacity | 5 |
Fuel Tank Capacity | 32 litres |
Body Type | Hatchback |
Honda City
Available at an ex-showroom price ranging between Rs.11.71 lakh and Rs.16.19 lakh, the Honda City is a popular car in India. The car is available in several features and different colours.
The car is available in both manual and automatic transmission variants. The vehicle gives a mileage of up to 18.4 kilometres per litre.
Some of the main specifications of the car are mentioned in the table below:
Category | Specifications |
Engine Capacity | 1,498 cc |
Fuel Type | Petrol |
Seating Capacity | 5 |
Fuel Tank Capacity | 40 litres |
Body Type | Sedan |
Hyundai i20
The Hyundai i20 is available at an ex-showroom price ranging between Rs.7.04 lakh and Rs.11.21 lakh. The car comes in manual as well as automatic transmissions.
All variants of the car are powered by a petrol engine. The height, width, and length of the car are 1,505 millimetres, 1,775 millimetres, and 3,995 millimetres, respectively.
The main specifications of the top-end variant of the car are given below:
Category | Specifications |
Engine Capacity | 1,197 cc |
Fuel Type | Petrol |
Seating Capacity | 5 |
Fuel Tank Capacity | 37 litres |
Body Type | Hatchback |
Mahindra Scorpio
The Mahindra Scorpio is available at an ex-showroom price ranging between Rs.13.59 lakh and Rs.17.35 lakh. The car is available in four models and all variants are powered by a diesel engine.
The SUV is powered by a 2.2-litre engine that comes with several features. The car is available in several colours. The boot space capacity of the four-wheeler is 460 litres.
The main specifications of the SUV are mentioned in the table below:
Category | Specifications |
Engine Capacity | 2,184 cc |
Fuel Type | Diesel |
Seating Capacity | 7/9 |
Fuel Tank Capacity | 60 litres |
Body Type | SUV |
Toyota Innova Crysta
The Toyota Innova Crysta is available at an ex-showroom price ranging between Rs.19.99 lakh and Rs.26.30 lakh. The car is available only in the diesel variant.
The four-wheeler is available in several colours and comes with various features. The features of the car will vary from model-to-model. The vehicle is available only with a manual transmission.
The main specifications of the top-end variant of the Toyota Innova Crysta are mentioned below:
Category | Specifications |
Engine Capacity | 2,393 cc |
Fuel Type | Diesel |
Seating Capacity | 7/8 |
Body Type | SUV |
Factors that Influence Resale Value
Some of the factors that influence the resale value of a car are mentioned below:
- Colour
- Manufactured year
- Features
- Demand
- Condition
- Model
- Brand
Avail Car Loans to Purchase Good Resale Value Cars
The above-mentioned list of cars should help you make an informed decision about which car you should purchase, whether it's a brand-new car or a pre-owned one, based on its resale value. Availing a car loan to purchase a new or a used car, is a good idea as you can enjoy affordable interest rates, flexible repayment tenures, quick approvals, etc.
Through BankBazaar, you can access the benefits and features offered by top lenders in the country on their car loans. Once you explore the benefits offered by each lender, you can compare them and choose the one that suits your requirements.
FAQs on Resale Value Cars
- What checks are conducted when determining the value of the car?
Various engine (mechanical wear and tear), structural damage, interior, and exterior checks are done to determine the value of the car. For example, Maruti Suzuki True Value conducts 376 quality checkpoints to determine the value of the car.
- In case I wish to buy a used car on loan, is 100% financing available?
Yes, various lenders offer 100% funding on the ex-showroom price of the car. However, the funding will be based on the credit criteria and the model.
- Is it mandatory to provide a guarantor when I avail a loan?
No, it is not mandatory to provide a guarantor to avail a car loan. However, if the credit criteria are not met, the lender may request a guarantor to be provided.
- Who are the eligible co-applicants for a used car loan?
- Public/Private Ltd. Companies: Any of the Directors
- Trusts: Any of the Trustees
- HUFs: Karta
- Partnership Firms: Any of the Partners
- Sole Proprietorship/ Self-Employed Individual/ Salaried Employee: Any family member
- How long does it take for the loan to be processed?
It may take up to 3 working days from the time the documentation has been completed for the loan to be processed. However, if all the relevant documents are submitted on time, the processing time may be quicker.
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