Your family has grown so you’d like to upgrade from a hatchback. At the same time, you don’t want to splurge Rs 10 lakh-plus that a new sedan would cost. So a sedan that doesn’t cost more than Rs. 7 lakh is what you are after.
But what you immediately run into is the problem of plenty. Surprisingly, the number of used car sedans in the market is large. Applying a filter of Rs 7 lakh will fetch as many as 200 car listings on any major used car site. And then the comparisons between different brands, age and mileage.
With Cartoq TRUE PRICE, we can actually rank the deals – from the best to the not-so-good ones. Using Machine Learning algorithm, the Cartoq Data Science team has built a model that can predict the TRUE PRICE of a used car, after accounting for all the variables that influence a car’s price (brand, model, age, mileage, car type, fuel type and more).
We have aggregated used car listings from all the major websites, and applying our TRUE PRICE model, we came up with the best deals under Rs 7 lakh if you want a sedan.
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 Mumbai].
Hyundai cars lose value faster than Hondas, which means:
• There are good deals to be had and
• A bit of effort and luck should get you a good diesel automatic well within your budget.
Let’s dive into our top recommendations.
Recommendation #1: Hyundai Verna CRDi 1.6 AT SX PLUS
Year: 2017 Mileage: 22,500 Asking Price: Rs. 700,000, Original Price: Rs. 13,25,000
Why Buy: It’s a diesel. It’s an automatic. Its higher end variant. It’s sparingly used—just 22,000 km over two years. And the asking price is close to 50 percent off the new car price. In others words, you get a frugal, easy-to-drive, loaded car at a very good price. Grab it before its gone, we say!
Recommendation #2: Hyundai Verna Fluidic 1.6 SX CRDi OPT AT
Year: 2014 Mileage: 71,109 Asking Price: Rs. 550,000 Original Price: Rs. 14,05,000
Why Buy: It is an even more loaded version of the Number 1 entry on the list. But it is 3 years older and has clocked 50,000 km more. Result: its only Rs. 5.5 lakh. A good buy but only if your daily usage is not too high.
Recommendation #3: Honda City 1.5 V AT
Year: 2013 Mileage: 45,000 Asking Price: Rs. 515,000 Original Price: Rs. 12,31,000
Why Buy: If you don’t mind the fact that this one is 6 years old, you have the best handling, most fuel efficient automatic car of its time at a very good price. The City had great build so should be good for another 4-5 years.
Recommendation #4: Honda City VX i-DTEC
Year: 2015 Mileage: 55,000 Asking Price: Rs. 686,000 Original Price: Rs. 13,19,000
Why Buy: This the new, more spacious and very well-built City. The diesel variant, though not the most refined in its class, delivers stunning fuel economy. So while it is one of the more expensive buys on the list, it comes with low ownership cost and a certain pride of ownership.
Recommendation #5: Hyundai Verna SX AT 1.6 Option (Diesel)
Year: 2013 Mileage: 67,433 Asking Price: Rs. 575,000 OP: Rs. 14,05,000
Why Buy: A version of the number 2 entry, this Verna diesel comes with auto and is feature packed. If you can’t get the one on the number 2 spot, and want a diesel auto, then this is good bet.
There is a surprising option with this budget that you should explore: there are plenty of options with automatics – a useful feature to have in the ever-worsening traffic.
If sedan is not however the car you are looking for in Mumbai, and you want a compact SUV instead, don’t miss this article.