Bought Innova for Rs 18.3L ex-sh, resale is 17.9L 5-years later: Sell?

The car has run 52,000 km and we are planning to buy a new Innova Crysta diesel AT.

A Team-BHP fan (he prefers to remain anonymous) drops in a query via this Team-BHP share page.

We have an Innova Touring Sport 2.4 diesel MT 2017 (5-speed transmission) in the family which was purchased in August 2017. We are looking to upgrade and have decided to sell this car before going ahead. We went ahead with ‘ABC’ company for the evaluation process and got a quote of Rs.17,92,000 for the car. We had purchased the car at a price of Rs. 18,32,000 (ex-showroom).

Is this a good deal considering the car is 5 years old? Can I go ahead with the sale, or should I get it valued elsewhere?

Update:

Hello all,

The car has an ODO reading of around 52,000 km.

We are planning to upgrade to an Innova Crysta only (Variant - Z AT diesel) and have not thought of any other car. The car is primarily driven by my dad and is used mostly in the city, that is the reason to switch to an automatic.

Thank you for your valuable input!

Here's what BHPian Iyencar had to say on the matter:

Quite straightforward. What’s stopping him from getting a few other people to give him a quote? It only costs him time and even then can get it done in a day or two max. If it exceeds the price he has then he can go ahead and sell it to them, if not then sell to this ABC co. Is there something else we don’t know about this car?

Here's what BHPian jkrishnakj had to say on the matter:

I don’t think he’ll get a price equal to the price he paid OTR.

The real challenge will be to find an equally comforting car. Though I do read that an upgrade is planned, it isn’t clear what the next car plan is. No other car, even an upgraded one can fetch this sort of resale price. If there isn’t a compelling reason to upgrade, this car itself can run another 5 more years and still can fetch a similar price. Who knows what a new Innova costs 5 years from now?

Here's what BHPian sunilch had to say on the matter:

If this is the plan then there is no point in doing so. In the next 5 years, if you buy a new Crysta now (approx Rs 29L on-road, without discount) is unlikely to fetch you anything more than Rs 20-21 Lakh in resale - unless something unusual happens in the market.

So it is a lose-lose situation w.r.t money unless there is something wrong with your car which has made it unsafe.

If you plan to upgrade or downgrade (change segment due to non-usage - after all 52,000 km for Crysta is actually quite low), then it makes sense to close the deal.

Here's what BHPian Axe77 had to say on the matter:

I can’t comment on the used prices per se except that take 2-3 quotes from different dealers, negotiate hard and close with whoever gives you the best deal.

On the decision to upgrade itself, in my view, moving from Manual to Automatic is a BIG upgrade and is actually (for some) perhaps even more valuable than a segment upgrade because it translates to a huge shift in driving comfort. If financially you have the funds now, I’d say do the deal. Why drive a manual for another 3 - 5 years if you can upgrade to an automatic today?

Used prices are at a high so use this opportunity to get the best price for your 2017 end vehicle and upgrade to the Z Crysta. It is really quite a plush car and in automatic guise should serve you well.

Check out BHPian comments for more insights and information.