Car ownership seems like a simple transaction. You choose your favourite model, negotiate the best deal, make the payment, and you have your new car! Moreover, after you drive your car for a certain period you can also sell it off at a better price. If it is one of the best resale value cars, you will get a good price for your car.
However, maintaining a car is a hassle for many. There is more than meets the eye in owning a new car. What if we tell you that you could make a smarter automotive decision that could mean savings and freedom from depreciation worries? This is where a car lease comes in. Yes, cars for subscription is a smart solution to escape the drudgery of maintaining a vehicle. Many people, especially in cities, prefer a car lease over owning one.
So, in this article, we will discover the top resale cars in India and also how you can opt for a car lease model as a cost-effective and viable solution for you:
The depreciation dilemma
It's no secret that cars are depreciating assets. The moment you drive off the showroom floor, your shiny new vehicle starts losing its value. However, some cars offer a resale value as well. If you buy one of the best resale value cars, you can still a good amount later on while reselling it.
This is our list of 10 top resale cars in India:
1) Maruti Suzuki Swift Dzire
The Swift Dzire by Maruti Suzuki sits at the top of our list of top resale value cars. After all, it combines an attractive design with an economical engine and manages to hold onto an impressive 68% of its initial cost after four years of usage. If you are constantly thinking about what will be the 'resale value of my car', go for this gem.
2) Hyundai i20
The Hyundai i20 comes second on our list. As discussed above, if you are not planning for a 'cars for subscription' model, this premium hatchback with its high-end features and remarkable road handling abilities will fetch you a handsome price even when resold.
3) Maruti Suzuki Swift
The Swift's reputation as a durable and reliable city car has earned it a spot on our list of best resale value cars. The Swift maintains a strong resale value with owners often recovering up to 74% of their initial investment after just two years.
4) Maruti Suzuki Alto
The Alto is another Maruti Suzuki model that commands a high resale price, thanks to its compact size and fuel efficiency. After four years, an owner can expect around 60% return on their initial investment.
5) Volkswagen Polo
Volkswagen Polo is an unexpected entry on this list. Despite not being from the typical Indian brands like Maruti or Hyundai, the Polo manages to hold an impressive 54% of its initial value after four years, making it a strong contender for our list of top resale cars.
6) Toyota Innova
Toyota Innova is a popular choice among MUV lovers. Thanks to its spacious interiors and robust engine, it can fetch up to 90% of its initial cost in the first year. Even after four years, you can still recover a whopping 77% of your investment.
7) Toyota Fortuner
The luxurious and powerful Toyota Fortuner is another vehicle with an impressive resale value. With a powerful engine and stunning looks, it's no wonder that this car holds onto over half its value even after four years.
8) Maruti Wagon R
Wagon R is known for its practicality, and affordability and is undoubtedly one of the best resale value cars. With a high-mileage engine and spacious interiors, owners can expect up to a staggering 75% return on their initial investment after three years.
9) Honda City
Honda City fetches a handsome price in the second-hand market due to its smooth engine performance and luxe feel. Owners can potentially get back around 75% of their initial investment after three years, making it a popular choice for resale.
10) Hyundai Creta
Rounding off our list is the stylish Hyundai Creta. With its loaded features, powerful performance, and excellent after-sales support, this SUV can fetch an impressive 85% of its initial cost after three years.
Conclusion
So, if the 'resale value of my car' is a top agenda in your mind while buying a car, go for any of the above-mentioned models. Purchasing any of these cars is likely to assure a good return when it's time to sell. But remember, a car is also a depreciating asset.
However, if depreciation makes you reconsider owning a car, think car lease. Quiklyz offers the best cars for subscription plans in the market. So, subscribe to Quiklyz's car lease today and drive with a single, all-inclusive monthly subscription fee.
