3 Honda City sellers who got excellent price

The current, 4th generation Honda City has led the mid-size sedan segment ever since its launch in 2015 with good mix of comfort, drivability and fuel efficiency. The petrol variant is refined and fuel efficient. The diesel is a bit noisy but its mind-bogglingly fuel efficient.

No wonder, the City fetches a good price on the used car market. On an average, the new gen City depreciates by 9-10% each year. But some sellers manage to get an even better price. How?

We analysed three recently sold Honda City cars where sellers got a great price.

Great Deal #1: i-VTEC CVT VX

Selling Price: 8.5 lakh       
Ex-showroom [current price]: Rs. 12.97 lakh

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Why this is a good deal: This car was sold at nearly 66% of ex-showroom price of the new car [same variant] despite having clocked over 60,000 km. Given Honda City’s depreciation rate, a four-year old similarly used City would fetch 60% of the new car price— which this selling price manage to beat.

Why it got a good price:While we don’t know the state of mechanicals, photos of this car point towards a flawless exterior and spotless interior. The fact it’s an automatic too would have helped the price as they are harder to find. And finally, single owner cars always are valued higher than those with multiple owners.

Great Deal#2: Model: i-VTEC CVT VX

Price: 8.5 lakh
Ex-showroom [current price]: Rs. 12.97 lakh

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Why this is a good deal: Another automatic City that sold for nearly 66% of ex-showroom price of the new car [same variant] despite having clocked nearly 50,000 km. And so it beats the City average depreciation of 60% over four years.

Why it got a good price:We think thatshiny exterior, spotless interior and single owner all contributed to good market value. But perhaps the clincher was that it’s an automatic—they are much harder to find.

Great Deal #3: i-DTEC CVT VX

Selling Price: 7.5 lakh         
Ex-showroom [current price]: Rs. 12.97 lakh

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Why this is a good deal: While City petrol is a class leader, its diesel variant isn’t really as good as its petrol sibling. Plus the wear and tear on heavily used diesel is much greater—and 63,000 km is quite a bit of usage. And, given the car is in Delhi, it has only 6 years of runway left ahead of it. Yet, this City owner managed to get nearly 60% of ex-showroom price of a new car [current price for the same variant].

Why it got a good price: The exterior is flawless. And the owner seems to have updated the upholstery and floor mats—sign that the car has been cared for and therefore, likely in good condition mechanically as well. The single-owner factor and the cars excellent mileage would have helped as well.

Advice for Sellers

The three Honda City on the list are all single owner-owned and come with flawless interiors and exterior that would immediately get the attention of the buyer [Read Honda City Seller Guide to get the best prices for your car ]. Good exteriors and interiors usually suggest the car has been cared for and possibly is in good condition mechanically as well.

So, while you cannot change the car you want to sell, you can maximise its resale value by ensuring the car has been serviced at recommended intervals at authorised service station. And make sure you get the car washed and all dents have been fixed before you put the car for sale.

Read Selling 2015 Honda City: What price to expect to know what this car would fetch in different cities for different kilometres done and fuel types.

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