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I want to sell my second owner ALTO LX ,May 2005 make which has run only 29000 km and in very good condition .What is the best price I should ask for?

By Kia on Mar 10, 2009

Answer

  • Hi Kia,

    If you are the second owner, usual method is to depreciate the cost of the car by around 18-22% per year at the price that you bought it at initially, if the car is in a fairly good condition. That's what I was told when I wanted to sell mine. It will also depend on where you are located as the pricing changes from place to place (thought not a big difference).
    I would suggest that you meet one of the Maruti True Value executives or Mahindra First choice guys to get a rough valuation done.
    A rough figure would be around Rs. 1,45,000 - Rs. 1,60,000, considering that you are the second owner, it doesn't have power steering and the car has run 29,000km . The car will require quite a bit of overhaul when it reaches 35,000km - 40,000km and will cost around Rs. 15,000 - Rs. 20,000 additionally (whoever buys it now). Hope this helps.
    Btw, which city are you located in? You can reach out to me incase you need more info.
    Answer by Anshuman Ghosh on Mar 11, 2009

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