You can buy a new Maruti Alto but you crave for more. At least a premium hatchback, maybe even a compact sedan. You know used cars are an option but the fear of making a wrong choice is keeping you from considering them. Your fear is not unfounded. Search any of the major used car sites and you are likely to end up with hundreds of options in Mumbai. The prices will range from Rs 50,000 to much more than your budget of Rs 3 lakh. Is something wrong with the cheaper cars then? And how do you choose between used cars of different make, age and mileage?
Help is at hand. The Cartoq TRUE PRICE will identify for you the best deals in this jumble of numbers and features. 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, car type.
With all factors accounted for, it predicts the TRUE PRICE, which then becomes the basis of comparison among cars of different types. The best deals are those where the listed price is lower than the TRUE PRICE. So, we scan through the listings in major used car sites, compute their TRUE PRICE, and identify the best used car deal for you.
The shortlist for this article was based on the analysis we ran on June 11, 2019, so by the time you read this article, some of the cars may no longer be available.
But the list still provides some useful pointers even if these specific cars are no longer available.
• There are lots of good deals for you between Rs 2.10 lakh and Rs 3 lakh.
• This includes compact sedans. In fact, the recommended car that costs the least is a compact sedan.
• Ford Figo is the premium hatchback and Toyota Etios the compact sedan that will offer the best value for you.
Without further ado, let’s dive into our top recommendation.
Recommendation #1: Ford Figo 1.4 TDCI TITANIUM 2012
Year: 2012 / Mileage: 70,000 / List Price: Rs 300,000 / Ex Showroom Price: Rs 768,000
Why buy: This premium hatchback comes at almost the price of the most basic Alto. The first owner has clocked only 70,000 km in seven years, which means this diesel model still has plenty of legs on it. This feature-rich and spacious car is one of Ford’s most successful models in India. Its maintenance cost is also among the lowest. Also see our Ford Figo Used Car Buyer’s Guide
Recommendation #2: Ford Figo 1.5 TDCI Titanium 2012
Year: 2012 / Mileage: 82,000 / List Price: Rs 245,000 / Ex Showroom: Rs 690,000
Why buy: This too offers all the Ford Figo advantages and at a lower price. It is currently with its second owner but has only been moderately used. So, you can expect great ride quality and low maintenance cost.
Recommendation #3: Toyota Etios VX 2011
Year: 2011 / Mileage: 32,939 / List Price: Rs 290,000 / Ex Showroom: Rs 778,000
Why buy: A sedan for the price of a hatchback is what you get with this option. Moreover, the reading on the odometer is less than 33,000 km. Lots of headroom and legroom, a large boot, Toyota brand name and service network, and a petrol engine and gearbox perfectly tuned for driving on congested Mumbai roads. What’s not to like.
Recommendation #4: Hyundai i20 Asta 1.2 2011
Year: 2011 / Mileage: 63,358 / List Price: Rs 225,000 / Ex Showroom: Rs 720,000
Why buy: This premium petrol hatchback being sold by the first owner has been sparingly used. As spacious as a sedan and comfortable, this stylish car ticks all the boxes in this category. The Hyundai after-sales network is an added advantage.
Recommendation #5: Toyota Etios V 2011
Year: 2011 / Mileage: 65,200 / List Price: Rs 210,000 / Ex Showroom: Rs 718,600
Why buy: The second compact sedan on the list is also the most affordable. And has been used less than 9,000 km every year. This beige beauty from the Toyota stable offers you a great option to step up to a big car while staying within budget.
Ford and Toyota dominate our recommendations and for good reason. But don’t discard the lone Hyundai either. Together they present the best route to a premium car experience in Mumbai without paying premium bucks. Consider your potential usage to choose one.
Featured image courtesy ModifiedRides.Facebook