Check out these 5 best cars in India that offer the highest resale value even if you are selling them after 5-7 years of ownership.
While buying a new car many traditional buyers have one doubt regarding the best resale value among all cars. After owning it for 3-4 years or even 10 years, how much can we expect from the car when sold off. Here are the top 5 cars that offer the highest resale value among all the other cars in India.
Top 5 Cars In India With Best Resale Value
1. Maruti Alto
Maruti Alto is the best car when it comes to resale value, despite being towards the low price range in this market. Even if you are selling your 5 or 7 year old Alto, you can still manage to get more than 1.5 Lakhs. 10 year old Altos still can fetch around a Lakh, if in proper condition.
2. Toyota Innova
When it comes to reliability and long shelf life, we have all Toyota cars. Even if you are buying the first version of Innova, 12-13 year old model, you can get it for 2-3 Lakhs. We all know Toyota cars can even run well for 20 years or more than 10 Lakh kilometres, if properly maintained.
3. Toyota Fortuner
Another Toyota to top this list is the Fortuner. The full-size SUV loses just 15% of its on-road price value even after 3 years of ownership. So, if you sell a 3-year old Fortuner, you can still easily get 25 Lakhs back. We recently saw ads of some 8 year old units demanding Rs 10-12 Lakhs.
4. Honda City
Another brand that we know for long life is the Honda City. The sedan has the highest resale value among other cars from the Honda stable. However, here there are some exceptions. The resale value of the second generation City is not that well, however that of rest of generations is good. You can still sell of your neatly maintained 20 year City for more than 2 Lakhs.
5. Maruti Ertiga
Maruti Ertiga has a very high resale value because of its spacious and practical cabin and a highly reliable engine. If you have maintained your Ertiga nicely, you can still fetch more than 2 Lakhs for a 6-year old model. However, the CNG model has very low resale value because CNG kits are not known to have a long shelf life.
