The declining sales of new cars, especially due to high interest rates and fuel inflation, has been a blessing in disguise for used cars . This is the best time in the year to purchase a second hand vehicle. Market demand has led to the proliferation of company-based used car outlets and now finance options are also available for such vehicles. However, not every manufacturer in the market is equally aware of this segment and we will try to give you a better idea of popular vehicles here.
a) Maruti Swift – Maruti is the most popular brand in this segment due to easy availability of parts and variety of vehicles. Swift is a vehicle that demands high resale value and every owner speaks volumes about its handling abilities. The diesel variant if this sporty car generates about 16 kmpl and noise from the engine is also low.
b) Honda City – Petrol versions of Honda City are some of the best used cars in the market. This car merges the demands for premium styling and utility value well. Spare parts are also easily available.
c) Hyundai i10 – This good-looking hatchback was launched as an update to the ageing Santro in 2007 and has done well since then. Suspension is good and it is quite stable at high speeds. It delivers mileage up to 16 kmpl and offers high value for money .
d) Mahindra Scorpio – This full blooded SUV is a great buy in the used market. It is possible to purchase a well maintained used Scorpio for about Rs. 4.80 lakhs. However, initial variants of this vehicle are prone to mechanical problems.
e) Maruti Esteem – This original sedan from Maruti has depreciated to an extent since it has been discontinued in 2008. It still is a very capable buy, with parts that can easily be fixed and a reliable engine. The car is also a favourite among tuners.