Best Cars in India Under 10 Lakhs with Best Resale Value

Indian roads are on high! Thanks to the best as well as high-end cars which can be spotted in most of tier 1 and 2 cites. The car owners are boasting about their new driving partners on the road. The new millennial with handsome purchasing power is not shying away from investing in luxurious second-hand cars. But if you have to go ahead to make a purchase of the first-hand car then make sure you know the resale value of the car also. The future returns are important because a car is a depreciating value. Be it a used car or a brand-new car, you should always understand and analyse in what you are investing. There are multiple cars which can give you a good rate of return at the time of the resale but not necessarily it would be a good return. The future returns have to be looked from a holistic perspective to let you cover some of your cost of the cars. Therefore, you need to understand how is the second-hand market as well as the consumers behave. With the second-hand car market gaining the speed the consumers are grabbing on the opportunity to avail benefits at a lesser price. Also, with the ownership of the cars decreasing to a span of 5-6 years is giving the buyers enough and more reasons to wait for some time to indulge in the best of the auto segment. At times, you would wonder spotting various models which are owned by the first jobber but that’s the reality. The organized market of used cars is not only providing well-conditioned cars but, in a way, fulfilling many aspirations of the individuals. Read on to know which cars under INR 10 Lakhs are giving the best resale value.

• Maruti Ertiga

A Lifestyle Utility Vehicle by Maruti which is big, spacious, economical as well as value for money is one of the best cars under INR 10 Lakhs to attract a good ROI during the sell. Maruti Ertiga petrol version price range starts from INR 7.55 Lakhs and goes up to INR 10.06 Lakhs. The starting models is equally known to be famous for fetching the right price when sold to a certified dealer. There cannot be a better deal than getting 88% of resale value when sold under 3 years of the purchase. The car is always in demand in the second-hand car segment because of its multi-utility status. The car is also known for its mileage which is above average if considered in the big car segment.

• Maruti Dzire

The car has been ruling the Indian roads for some time now. Firstly, it comes from the most trusted brand Maruti and secondly, it has much more to offer than what the investment. The price range is between INR 5.83 Lakhs which extends up to INR 8.69 Lakhs. In fact, the diesel variant also can be bought under INR 10 Lakhs comfortably. The car would comfortably give you a take-home between 80% to 61 % during the sell. The mileage is between 22 kmpl to 28 kmpl and the engine displacement is 1197 cc/ 1248 cc. So, when you are investing in a Maruti Dzire you have safeguarded your future too.

• Maruti WagonR

Maruti WagonR has been topping all the cities in used car markets in attracting a great deal. The not so small, compact car comes with comfort features as well as does justice to investment. The car is one of the most loved by the middle-class Indian family as the first or even as the second car of the household. Its price ranges between INR 4.34 Lakhs to INR 5.91 Lakhs which comes in 14 variants and 6 colours. What else would you need within the price range? After two to three years the car would still fetch you a value of an average of INR 2 Lakhs.

• Hyundai Elite i20

Hyundai has been a close competitor of Maruti across different segments. In the hatchback segment, i20 has kept its foot stronger than any other brand in the Indian auto-segment. Proudly, one of the best cars within a double-digit has been Hyundai Elite i20 which starts from INR 5.53 Lakhs and touches around INR 9.14 Lakhs. With easy financing options, consumers are not shying away in spending a little extra cash on the good car especially which assure a good resale value in the future. The model can serve the owner with approximately a resale value between INR 2.00 Lakhs to INR 8.00 Lakhs. Obviously depending after how many years and in what condition you are selling the car.

• Maruti Suzuki Alto

This has been almost close to the Maruti 800, a car which defined its legacy. Surprisingly, irrespective of the new cars being launched every year but for Maruti Alto is no looking back. The car which can be bought between a comfortable price range of INR 2.94 Lakhs to INR 3.72 Lakhs will unbelievably give you good resale value. A used car will be priced between INR 1.80 Lakhs to INR 2.00 Lakhs. You cannot have a better return than this. It definitely takes care of the down payment of the next car.

• Ford Ecosport

The car attracts the millennial who at times might not bother to look into the future resale value of the car. But you should always do online research to check what returns the brand- new car would avail. Ford Ecosport quickly made its name amongst the young crowd ticking all the features of mileage, engine displacement as well as transmission. The car whose second the last model comes under INR 10 Lakhs could give a market return of a 67% if sold under 3 years.
It is equally important to think about the future while buying a brand-new car. The sale-ability factor has to be taken into consideration for your own benefit. Though remember that the price would not be just calculated on the basis of which used car model is being sold but a complete package of – the condition of the car, documents, car history, service history and more.