Premium hatchbacks and compact sedans on the new car market come with a certain degree of price overlap. The comparable models of the latter are only slightly expensive. Does searching for one on the used car market levels the field? Can you shop for either within the same budget—let’s say Rs. 5 lakh? How do the options stack up when you put a usage cap of 50,000 km?
It is a tough question to answer—unless you can find a way of first identifying the best deals in each category and then comparing them. That’s what we did using Cartoq TRUE PRICE for Bengaluru. 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 comparing across cars. The best deals are those where listed price is lower than the TRUE PRICE.The best deals listed below are based on our analysis on May 20, 2019. These specific cars may or may not be available by the time you read this. But in general, the news is fantastic. You’ll find very good compact sedans in the same price range as premium hatchbacks, even the diesels and that was a big revelation, possible only through the Cartoq TRUE PRICE model.
Here are 3 Best Deals we found in both the premium hatchbacks and compact sedans categories:
Recommendation #1: Maruti Suzuki Baleno Delta 1.2
Year: 2016 / Mileage: 41,452 / Used Car List Price: Rs. 498,684 /Ex-showroom Price: Rs. 763,000
WHY BUY: The best-selling premium hatchback which has clocked 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 1.4 TDCi Titanium
Year: 2014 / Mileage: 25,000 / Used Car List Price: Rs. 425,900 / Ex-showroom Price: Rs. 768,000
WHY BUY: This Ford is fun-to-drive and comes with two qualities that should the ownership cost quite reasonable; it is a diesel and it has done just 25,000 km. Plus it is a good 75,000 under your budget.
Recommendation #3: Hyundai Grand i10 Sportz Celebration Edition
Year: 2016 Mileage: 3,000 / Used Car List Price: Rs. 470,000 / Ex-showroom Price: Rs. 706,000
WHY BUY: If you are looking for a spacious hatchback, Hyundai Grand is a stylish alternative to Maruti Wagon R. It is just 2 years old, and though the 3,000 km mileage sounds a bit dodgy. It is worth checking out. Catch hold of a good mechanic when you go inspecting.
Recommendation #1: Toyota Etios Cross 1.4L VD
Year: 2018 / Mileage: 35,000 / Used Car List Price: Rs. 500,000 / Ex-showroom Price: Rs. 797,000
WHY BUY: Any used Toyota is good buy—such is their build quality. And when you have one that is just a year old, with just 33,000 km, you are looking at another 1 lakh km—usually 10 years—of hassle-free ownership. Yes, the interiors are a bit uninspiring but the Etios makes up with greater space and superior ride quality that any other compact sedan of its generation.
Recommendation #2: Honda Amaze 1.5 S i-DTEC
Year: 2014 / Mileage: 31,500 / Used Car List Price: Rs. 450,000 / Ex-showroom Price: Rs. 706,000
WHY BUY: Good build, sparingly used diesel that beats all its rivals on fuel economy. In short years of low cost ownership.
Recommendation #3: Honda Amaze 1.5 EX i-DTEC
Year: 2013/ Mileage: 32,000 / Asking Price: Rs. 436,100 / Ex-showroom Price: Rs. 661,000
Why Buy: You loose a few features compared with the Number 2 entry but you pay a bit less too.
Bengaluru does not discriminate between premium hatches and compact sedan—not on the used car market. That’s a conclusion that surprised us – and it opens up a whole range of opportunities for finding good deals in that market.