You have a decent budget, about Rs 5 lakh to buy a used car, and you don’t care if the car is older. But it shouldn’t have run more than 30,000 kilometers. What you will face is a PROBLEM OF PLENTY.
Apply these filters on any used car site, and you will not get less than 500 options to choose from. The variety of cars to choose from will be staggering, across body, fuel and transmission types.
All you can do is try different filters, check details of each car, and somehow work your way through the best set of options for yourself.
Or, you could use the Cartoq TRUE PRICE to identify the best deals within this list. Using a Machine Learning algorithm that our Data Science team built, we are able to estimate the real price of a used car accounting for all the car variations.
In other words, the TRUE PRICE allows us to compare apples with oranges. To know more about how we do that, read this article [HYPERLINK]. And the best deals are those where the TRUE PRICE is higher than the listed price.
If you are in Delhi NCR, here are the best deals we identified based on their TRUE PRICE. We ran the analysis on May 15, 2019, so if you are reading this article later, there is a very good chance that the cars listed here are sold.
But this list still provides some useful pointers even if these specific cars are not available to you.
• There are good deals to be had if you focus on usage rather than age
• That you don’t need to splurge in the Rs 5 lakh range unless you want an automatic.
Here are the top recommendations.
Recommendation #1: Ford Figo 1.4 TDCi Titanium
Year: 2012 / Mileage: 26.050 km / Asking Price: Rs. 280,000 / OP: Rs. 768,000
Why buy: Ford Figo TDCi Titanium at Rs 2.8 lakh and with 26,000 km tops the list. This one-below-the-top-end variant comes for about a third of the original price. Further, its diesel engine combined with Ford’s drive to cut service costs should make for a rather attractive cost of ownership.
Recommendation #2: Maruti Baleno 1.2 Delta
Year: 2016 / Mileage: 30,000 km / Asking Price: Rs. 500,000 / OP: Rs. 720,000
Why Buy: If you are okay spending every bit of your budget of Rs. 5 lakh, then the second entry on the list, Maruti Baleno 1.2 Delta is a no-brainer. Why? It’s relatively new. It’s sparingly used. It’s an automatic. It’s feature packed. And it’s a Maruti.
Recommendation #3: Hyundai i10 Sportz (O) AT
Year: 2017 / Mileage: 28,300 km / Asking Price: Rs. 416, 500 / OP: Rs. 706,000
Why buy: At number 3, Hyundai Grand i10 at 4.16 lakh with just 28,000 km, offers you are slightly cheaper ‘automatic’ alternative to the Baleno listed above. The model is loaded with features since it’s a Option Pack model. So if Auto is what you are looking for, and the budget is tight, then this is a great buy.
Recommendation #4: Maruti Suzuki SX4 VXi
Year: 2012 / Mileage: 23,100 km / Asking Price: Rs. 270,000 / OP: Rs. 715,138
Why buy: Maruti SX4 VXi with just 23,000 km on odometer and an asking price of Rs 2.7 lakhs is next on the list A reliable sedan backed by a solid and inexpensive service network for just one-third of its original price. The VXi variant in Maruti line-up has all the features you’d really need. If sedan is what you are looking for, then this is a great buy.
Recommendation #5: Maruti Suzuki Swift VDi
Year: 2014 / Mileage: 13,176 km / Asking Price: Rs. 356,000 / OP: Rs. 696,000
Why Buy: Any car that has clocked less than 15,000 km and comes for half the price of it’s new avatar, is a very good buy. And if it happens to be the much-loved Swift and a diesel, the story gets even better. Plus, the VDi variant on offer gets you all the features you really need. So what’s the catch? On surface, there is none but a 5-year old car with just 13,000 km sounds a bit dodgy so have it thoroughly inspected before signing the cheque.
You’d notice that three of the recommendations here are well under your budget. The two that in the higher band of your budget are automatics—which are a bit rare on the used car market. And all are sparingly used with a good five years of trouble-free ownership ahead of them.