How are used cars priced in Bangalore?

How are used cars priced in Bangalore?

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The used car market is getting bigger with each passing year and this growth can mainly be attributed to the rising disposable incomes of the lower middle class in the country’s top cities and metros. Metros such as Bangalore and Chennai are witnessing a growth in the middle class income for the past couple of years.

Hyundai has always had a good reputation in the country and its i10 brand has garnered much attention ever since it was launched in 2013. The car has been won several awards over the past few years and rightly so. It is a preferred buy not only as a new car but is one of the most sought after second hand car as well.

Pricing of certain top brand cars

A new Hyundai i10 is priced between Rs. 4.8 lakh to Rs. 5.5 lakh (Ex-showroom) for a Petrol variant. The diesel variant costs between Rs. 5.6 lakh and Rs. 7.3 lakh. The used variants are priced in a similar pattern. The petrol variants of a used Hyundai i10 are priced between Rs 1.5 lakh to Rs. 3.2 lakh whereas the diesel variants are priced between 2.6 lakh and Rs. 4 Lakh.

Why some cars cost more than others

Hyundai cars are typically priced higher than other cars owing to their higher brand reputation and better quality. Bangalore, being a metro city prices the cars at a premium since the people in the city are willing to pay a higher cost. Therefore, people end up paying more for the same type of vehicle in Bangalore vis-à-vis other small cities nearby.

Online price for used Hyundai i10 in Bangalore is however lower since it is priced at a similar level across India. It is preferred to buy a used Hyundai car i10 in Bangalore through one of the various websites.

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Dr. Liu has a Ph.D. in Materials Chemistry