You think Mumbai rains and traffic make compact SUVs a better option than low-slung sedans and hatchbacks. But SUVs tend to come at a premium—about 20% over comparable hatchback or sedan. So if you have a budget of under Rs 8 lakh, you are looking for a used example in the SUV market. But are there good options to choose from within your budget? And if you search on the used car sites, how do you choose among the 40+ variants across compact SUVs brands that will show in your list?
Well, you are in luck. You could use the Cartoq TRUE PRICE to identify the best deals. Using a Machine Learning algorithm that our Data Science team built, we are able to estimate the True Price of a used car accounting for all the car variations, including across variants. To know more about how we do that, read this article.
So with TRUE PRICE, you can compare apples with oranges – and then find the best among them. The best deals are those where the TRUE PRICE is higher than the listed price.
We chose Mumbai to identify the best compact SUV deals under Rs 8 lakh. The analysis was run on May 16, 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.
• The Ford EcoSport is your best bet if you are looking for compact SUV. All our recommendations for this car
• Within this model, a good target would be an EcoSport with 20,000 km to 40,000 km in the Rs. 5.5 lakh to Rs. 6 lakh range.
Here are the top recommendations.
Recommendation #1: Ford EcoSport Titanium Ti-VCT 1.5 Petrol Automatic
Year: 2015 / Mileage: 28,000 / Asking Price: Rs. 734,020 / Original Price: Rs. 956,000
Why Buy: If you are serious about buying a compact SUV soon, and have the cash, then stop reading the list, and go and get this Ford before it is gone. Why? Well, what you have here is an absolutely new car—2015 model with just 28,000 km—for nearly Rs 2 lakh less than the showroom buy. The EcoSport is well-made, fun-to-drive SUV that now comes with low cost of ownership. It has consistently been amongst the top-selling compact SUVs and the Titanium variant comes with all the features you’d ever need.
Recommendation #2: Ford EcoSport Trend 1.0 Turbo Petrol
Year: 2016 / Mileage: 20,412 / Asking Price: Rs. 540,000 / Original Price: Rs. 8,59,000
Why Buy: If you are a driving enthusiast, the second entry on the list, Ford EcoSport Trend 1.0 [EcoBoost], is just the SUV for you. You get great handling associated with Fords backed by great fuel economy and power of the EcoBoost engine. In fact, EcoBoost engine is one of the more advanced engines to have hit Indian market. The Trend version, like VXi versions in Marutis, has all the features that matter. With just 20,000 Km, and price tag that represents a discount of over 40% over a new car, this Ford is great value as well.
Recommendation #3, #4 and #5
Ford EcoSport 1.5 Titanium Petrol
Year: 2015 / Mileage: 27,000 / Asking Price: Rs. 585,000 / Original Price: Rs. 9,56,000
Ford EcoSport 1.0 Titanium Optional [EcoBoost]
Year: 2015 Mileage: 34,000 Asking Price: Rs. 595,000 / Original Price: Rs. 9.70,000
Ford EcoSport 1.5 Trend TDCi
Year: 2016 Mileage: 53,727 Asking Price: Rs. 600,000 / Original Price: Rs. 9,57,000
Why Buy: Well, the first two entries on the list are just too good, which means that they might be gone before you can get your hands on them. In that case, the next three, all Ford EcoSports, could be yours for Rs. 5.85 lakh to Rs. 6 lakh.
Ford EcoSport 1.0 Titanium Optional [EcoBoost] is a feature-packed variant that comes with all the good bits associated with EcoBoost—essentially power and fuel economy.
In Ford EcoSport 1.5 Trend TDCi you have a frugal diesel. And with Ford EcoSport 1.5 Titanium Petrol, you get the least used car. Mind you, with nearly 30% off the new car price, all are very good deals.
Ford was first off-the-blocks in Compact SUVs so it’s not surprising that EcoSport offers most options in the used car market. And that means pretty good options well under your budget of Rs 8 lakh.