You enjoy driving your car and want it to be small but not that small – and it should easy to drive around in this ever-worsening Bengaluru traffic. So a premium hatchback that doesn’t cost more than Rs. 5 lakh is what you are after.
Even with such narrow requirements, if you search for cars on any of the major used car sites, you are likely to end up with more than 100 options on any major site. And you’ll find cars at all sorts of prices – from Rs 200,000 to Rs. 500,000. Are the more expensive options better for you? How do you build your shortlist?
Used car websites do little to help except give you multiple filters. Then it is up to you to figure out the best deals. But there is another solution now. Use the Cartoq TRUE PRICE to 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, car type etc.
That TRUE PRICE then becomes the basis of comparing across cars, with varying specifications and even prices. The best deals are those where the listed price is lower than the TRUE PRICE. To know the methodology in detail, read this. So we scanned our database of car listings across the major used car sites, and identified the best deals in Bengaluru for small cars with a budget of up to Rs 5 lakh.
The shortlist for this article was based on the analysis we ran on May 17, 2019, so by the time you read this article, there is a good chance that the specific car may no longer be available.
But the list still provides some useful pointers even if these specific cars are not available to you [all these deals are available in Bengaluru].
Ford has had stronger sales in the South which means there are more Fords on the used car market. Plus, Ford cars lose value faster than Maruti Suzuki or Hyundai cars, which means:
• There are good deals to be had if you train your guns at Ford and
• A bit of effort and luck should get you an old but sparingly used Ford diesel well within your budget.
You will find one astonishing fact as you go through our recommended list. Read on.
Recommendation #1: Maruti Suzuki Baleno Delta 1.2
Year: 2016 / Mileage: 41,452 / Asking Price: Rs. 498,684 / OP: Rs. 763,000
Why Buy: The best-selling premium hatchback tops our list too. This gorgeous red 2016 Baleno has done 41,000 km and so should be good for another 4-5 years. Its spacious, fun-to-drive and fuel efficient making it an attractive buy at discount of nearly 40 percent to a new purchase.
Recommendation #2: Ford Figo Duratec Titanium 1.2
Year: 2014 Mileage: 22,000 Asking Price: Rs. 284,200 OP: Rs. 546,000
Why Buy: Ford Figo of the 2014 vintage was a well-built car that was fun-to-drive as well. However, the petrol version drinks more fuel than others in its class. So why is this on our list? Well the negatives have been factored in the asking price—it has done only 22,000 km and yet the asking price is just Rs 2.84 lakh. That leaves you with more than enough cash from your budget of Rs 5 lakh to keep feeding it for quite some time. It’s also a perfect buy as second car that won’t be doing too many miles.
Recommendation #3: Ford Figo 1.4 TDCi Titanium
Year: 2014 Mileage: 25,000 Asking Price: Rs. 425,000 OP: Rs. 768,000
Why Buy: If the guzzler above does not fit with your sensibilities, then you have its thrifty diesel cousin at third spot on the list. It has just 25,000 km on the odo which should ensure trouble-free ownership for another 5 years. At Rs 4.25 lakh, its at a discount of 45 percent to the new car price and would leave you with some cash to spare.
Recommendation #4: Hyundai Grand i10 Sportz Celebration Edition
Year: 2016 Mileage: 3,000 Asking Price: Rs. 470,000 OP: Rs. 706,000
Why Buy: We are not sure about the 3,000 km-over-3 years claim…but if it’s true, then you have a very good car at a very good price. Catch hold of a good mechanic when you go inspecting.
Recommendation #5: Ford Figo 1.4 TDCi Titanium
Year: 2012 Mileage: 23,652 Asking Price: Rs. 277,095 OP: Rs. 768,000
Why Buy: The two-year older version of number 3 entry is available for Rs 1.5 lakh less. The good bit is that though it is older, it still has clocked only 23,000 km—so mechanically everything should be fine.
So here’s how the Cartoq TRUE PRICE can invaluable in unearthing blockbuster deals for you. Two out of the 5 recommendations are for much less than Rs 5lakh! All these cars on the list are good to drive. Baleno and Figo are spacious too. For those of you with a similar budget but want a car that has been driven less (less kilometres done), you may find some valuable tips for the best deals here.
Featured image courtesy Team-BHP