Highlights of Toyota Fortuner
With its refined engine, safety features and bold styling, it is no surprise that Toyota Fortuner is a best-seller in its segment.
Owing to its durability and the fantastic after-sales experience Toyota offers, the car has a very high resale value.
After three years of ownership, a Toyota Fortuner can retain approximately 88% of its original value.
The resale value of a car: What is it? How to calculate?
As we discussed earlier, cars have a rapid depreciation rate after purchase. The resale value is the price at which one can sell a used car after factoring in the depreciation costs.
Unlike the new car market, the value of used cars is not set in stone. Used car sales websites and dealers may quote varying prices, making estimating the accurate resale value a tricky task. Also, while negotiating rates, potential buyers will try to quote a lesser price and convince you that the value of your car is lesser than it actually is.
To avoid getting confused and misled, below are a few tips and tricks to help you calculate the release value of a car.
Find out about the condition of the market. Unusual circumstances like the recent pandemic can drastically bring down the value of used vehicles. Also, lean periods like the year-end or a recession can significantly impact the demand for used automobiles.
The value of a car reduces with every new owner by at least 10-15%. So be aware of that before selling or purchasing a used car.
Ask dealers the price of the desired car model, with the desired age, posing both as a buyer and seller. It will enable you to get a good idea of the approximate price of the car.
Check out used car buying and selling platforms to get an approximate valuation of your desired car.
Car brands with the best resale value
Below is a list of brands that command a high resale value in the used car market.
Maruti Suzuki
Hyundai
Ford
Toyota
Mahindra
Also, read: Top car brands in India
Highest resale value SUVs in India
Below is a list of SUVs with the best resale value in India.
Maruti Vitara Brezza
Ford Ecosport
Mahindra Scorpio
Hyundai Creta
Toyota Fortuner
Also, read: Best SUV cars in India
Best resale value petrol cars in India
Below is a list of petrol cars with the best resale value in India.
Maruti Alto 800
Maruti WagonR
Maruti Swift
Maruti Dzire
Hyundai Creta
Best resale value diesel cars in India
Below is a list of diesel cars with the best resale value in India.
Toyota Innova
Maruti Dzire
Maruti Swift
Hyundai i20
Toyota Fortuner
Best resale value sedans in India
Below is a list of sedans with the best resale value in India.
Maruti Dzire
Honda City
Honda Amaze
Maruti Ciaz
Hyundai Verna
Also, read: Best sedan cars in India
Best resale value hatchback cars in India
Below is a list of hatchbacks with the best resale value in India.
Maruti Alto 800
Maruti WagonR
Maruti Swift
Hyundai i20
Maruti Baleno
Frequently asked questions