Do you want to purchase a used car but have a tight budget? Are you looking solely at petrol cars to fit your bill and have mileage wishes to meet? Do you not want to overshoot 4 lakhs? Are your demands specific to Bangalore? If yes, then worry no more, for we have you covered with a curated list for your requirements. Your apparently specific demands will be met with confused insights on leading car websites. Moreover, they will have listings of cars that have not been neatly sorted, and hence are not in a position to give you the best deal. How do you arrive at choosing the perfect car then? Used car websites are usually of little use, even with their multiple filters. The task of sorting and making sense of the information still falls on you and who wants to be digging a data mine? Fortunately, we have got just the right solution for you through the Cartoq TRUE PRICE.
By deploying the Cartoq TRUE PRICE, we help you identify the best deals. The Cartoq Data Science team has built a Machine Learning model that estimates the TRUE PRICE of a used car, after accounting for all sorts of variables – brand, model, age, mileage, and car type. With all factors accounted for, the model predicts the TRUE PRICE, which then becomes the basis of comparison across cars. The best deals are those where listed price is lower than the TRUE PRICE. So, we scan through the car listings across major used car sites, compute their TRUE PRICE, and present the best deals for you.
The shortlist for this article was based on the analysis we ran on July 15, 2019; so, by the time you read this article, there is a good chance that the specific car may no longer be available. However, this list still provides plenty of useful pointers even if certain specific cars have already been sold out.
Five cars from four different manufacturers feature on this list, which means:
• There is intense competition in this category.
• Every manufacturer has something unique to offer, which means variety and diversity are in ample supply.
Without further ado, let’s check out our top recommendations.
Recommendation #1: Maruti Suzuki Swift ZXI
Year: 2014 / Mileage: 48,337 / List Price: Rs. 320,000 / Ex Showroom Price: Rs. 566,000
Why buy: Equipped with comprehensive insurance, this first owner hatchback comes in a bold black colour. While both mileage and age indicate that the best days for this vehicle are over, its incredible durability and efficiency mean that it still has a lot to offer. A compact car that is ideal for a family vehicle, this may not be standout topper, but is certainly a reliable one.
Recommendation #2: Ford Figo Duratec Titanium 1.2
Year: 2014 / Mileage: 22,000 / List Price: Rs. 284,200 / Ex Showroom Price: Rs. 511,000
Why buy: This black hatchback has not seen an awful lot of road time, and is still in impeccable condition despite being five years old. Currently with its second owner, what makes this car tick is its balancing act between price and utility. Its modest price below three lakh makes this an unquestionable bargain.
Recommendation #3: Honda Brio 1.2 S MT i VTEC
Year: 2015 / Mileage: 20,866 / List Price: Rs. 340,000 / Ex Showroom Price: Rs. 478,000
Why buy: Currently with its first owner and available in a powerful shade of grey, this car comes at a heftier price than the first two, but is fresher with less distance covered on the odometer. Without being a spectacular option, it can be a dark horse, fully capable of challenging the others for your attention.
Recommendation #4: Hyundai Eon Magna +
Year: 2014 / Mileage: 13,850 / List Price: Rs. 230,000 / Ex Showroom Price: Rs. 354,000
Why buy: Another grey first owner car, this is another appealing option given its paltry mileage. Marginally more economic than the other cars on this list, this lends more substance than style to your garage, and would be a sensible purchase at a number of levels.
Recommendation #5: Hyundai Grand i10 Sportz Kappa VTVT
Year: 2015 / Mileage: 21,162 / List Price: Rs. 400,000 / Ex Showroom Price: Rs. 522,000
Why buy: Another spick and span vehicle in this category, this car is an attention grabber with its sleek look and orange colour exterior. While this car touches your budget cap, it provides a lot of leverage as far as long term utility is concerned. A feasible option to round off at this list, even at number five.
This is an intriguing list, combining the durability of Maruti, the style of Ford, the power of Honda and the efficiency of Hyundai. While objective parameters are crucial for a list like this, brand preference may be decisive when it comes to making the final choice.