Used Car Price in Bangladesh
The used car market in Bangladesh has grown significantly over the past few years, driven by a combination of factors including economic considerations, increased demand for private vehicles, and a shift in consumer preferences. For many, buying a used car is a more affordable option than purchasing a brand-new one. Several factors can influence the prices of used cars in Bangladesh, leading to a wide variation. This article provides a list of used car price in Bangladesh, what affects it, current market trends, and tips for buyers.
Take a look at the extended list of popular used car models in Bangladesh along with their approximate price ranges.
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Popular Used Car Models and Prices in Bangladesh
1. Toyota Axio
– Price Range: BDT 15,00,000 – 22,00,000
– Description: A reliable and fuel-efficient sedan, popular among families and commuters.
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2. Toyota Premio
– Price Range: BDT 18,00,000 – 28,00,000
– Description: Known for its comfort and durability, the Premio is a preferred choice for a mid-sized sedan.
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3. Honda Fit
– Price Range: BDT 10,00,000 – 16,00,000
– Description: A compact car with excellent fuel efficiency and a spacious interior, ideal for city driving.
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4. Honda Vezel
– Price Range: BDT 20,00,000 – 30,00,000
– Description: A hybrid SUV offering a blend of style, performance, and fuel economy.
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5. Toyota Aqua
– Price Range: BDT 12,00,000 – 18,00,000
– Description: A hybrid hatchback that is highly regarded for its exceptional fuel economy and low maintenance costs.
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6. Suzuki Alto
– Price Range: BDT 6,00,000 – 9,00,000
– Description: A budget-friendly and compact car, popular for its affordability and low running costs.
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7. Nissan X-Trail
– Price Range: BDT 18,00,000 – 28,00,000
– Description: A versatile SUV with good off-road capabilities and a spacious interior.
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8. Mitsubishi Pajero
– Price Range: BDT 20,00,000 – 35,00,000
– Description: A robust SUV with strong off-road performance, suitable for both city and countryside.
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9. Toyota Allion
– Price Range: BDT 15,00,000 – 22,00,000
– Description: Similar to the Premio, the Allion is appreciated for its reliability and comfortable ride.
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10. Mazda Axela
– Price Range: BDT 12,00,000 – 20,00,000
– Description: A stylish and sporty compact car, known for its handling and fuel efficiency.
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11. Toyota Corolla
– Price Range: BDT 10,00,000 – 18,00,000
– Description: A globally popular sedan known for its reliability and long-lasting performance.
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12. Hyundai Tucson
– Price Range: BDT 18,00,000 – 30,00,000
– Description: A compact SUV with a comfortable ride and modern features, popular among urban families.
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13. Nissan Sunny
– Price Range: BDT 8,00,000 – 14,00,000
– Description: A budget-friendly sedan known for its practicality and low maintenance costs.
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14. Toyota Land Cruiser Prado
– Price Range: BDT 35,00,000 – 70,00,000
– Description: A luxury SUV known for its off-road capability, durability, and comfort.
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15. Honda CR-V
– Price Range: BDT 20,00,000 – 35,00,000
– Description: A compact SUV offering a balance of utility, comfort, and reliability, popular with families.
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16. Toyota Belta
– Price Range: BDT 8,00,000 – 12,00,000
– Description: A small sedan with great fuel efficiency and a comfortable ride, ideal for driving in the city.
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17. Suzuki Wagon R
– Price Range: BDT 6,00,000 – 9,00,000
– Description: A small, practical car known for its spacious interior and fuel efficiency, ideal for urban use.
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18. Toyota RAV4
– Price Range: BDT 18,00,000 – 30,00,000
– Description: A compact SUV known for its versatility, reliability, and good resale value.
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19. Mazda Demio
– Price Range: BDT 7,00,000 – 12,00,000
– Description: A small car known for good fuel economy, dependability, and size, perfect for driving in the city.
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20. Nissan Note
– Price Range: BDT 7,00,000 – 12,00,000
– Description: A subcompact hatchback with a spacious interior, good fuel economy, and practical design, popular among city dwellers.
Note:
– Prices may vary based on factors such as the car’s age, condition, mileage, and market demand.
– Prices are indicative and can fluctuate because of changes in import taxes, exchange rates, and other economic factors.
This list shows more choices for different preferences and budgets in the used car market in Bangladesh.
Factors Influencing Used Car Prices
1. Vehicle Age and Mileage
– Depreciation: As with any vehicle, the value of a car decreases over time. A newer car is usually pricier than an older one, but it’s also likely to be in better condition.
-Mileage: is a crucial factor that measures the number of kilometers a car has driven. Lower mileage usually indicates less wear and tear, which can justify a higher price.
2. Brand and Model
– Brand Reputation: Cars from reliable brands like Toyota, Honda, or Nissan hold their value well when resold.
– Model Popularity: Popular cars like the Toyota Axio and Honda Fit have high resale values. They sell at a high value because many people want to buy them.
3. Condition and Maintenance History
– Physical Condition: A well-maintained car with minimal cosmetic and mechanical issues will fetch a higher price. Buyers should look for cars with a clean service history and no major accidents.
– Maintenance Records: People prefer cars with service history because it demonstrates that the car received proper care.
4. Importation and Taxation
– Import Duty: Bangladesh charges high import duties on vehicles, increasing the prices of new and used cars. Recently imported used cars may have higher prices to cover these costs.
– Source of Import: Japanese cars are usually more expensive. This is because they are of higher quality. They are also in better condition than cars from other countries.
5. Market Demand
– Demand Fluctuations: Changes in demand for vehicles like SUVs or fuel-efficient cars can lead to higher prices. Economic conditions, fuel prices, and changing consumer preferences all play a role in shaping demand.
Trend in the Used Car Market
1. Increased Demand for Hybrid and Fuel-Efficient Cars
– With rising fuel prices, there is a growing preference for hybrid and fuel-efficient cars. Cars like the Toyota Prius and Honda Insight are in higher demand, causing their prices to rise in the used car market.
2. Shift Towards Smaller, Affordable Cars
– Economic factors and traffic congestion in urban areas have led to a shift towards smaller, more affordable cars. Compact models are becoming increasingly popular, especially among first-time buyers.
3. Rising Popularity of Japanese Reconditioned Cars
– Japanese reconditioned cars are popular in Bangladesh because of their reliability and good condition. These used cars usually have low mileage and careful maintenance, making them appealing choices for buyers.
4. Digitalization of the Used Car Market
– Online platforms help buyers and sellers connect easily, resulting in clearer prices and more choices available. Websites like Bikroy.com and Carmudi Bangladesh list many used cars, helping buyers compare prices and choose wisely.
Tips for Buyers
1. Research and Compare
– Before purchasing, research different models, their market prices, and the pros and cons of each. Comparing prices across multiple sources can help you get a fair deal.
2. Inspect the Car Thoroughly
– Always inspect the car in person and, if possible, bring a trusted mechanic to check the vehicle’s condition. Pay attention to the engine, transmission, brakes, and other vital components.
3. Check the Documents
– Ensure that all documents are in order, including the registration, tax, and insurance papers. Verify that the car has a clean history with no outstanding loans or legal issues.
4. Negotiate
– Don’t hesitate to negotiate the price. Sellers often set a higher price with the expectation that buyers will negotiate.
5. Consider Total Ownership Cost
– Factor in the cost of ownership, including insurance, maintenance, and potential repairs, when deciding on a purchase. A cheaper car might end up costing more in the long run if it requires frequent repairs.
Conclusion
The used car market in Bangladesh offers a wide range of options for buyers, from budget-friendly models to high-end vehicles. Knowing what affects used car prices, keeping up with market trends, and using key buying tips can help you make a smart choice.
The market of used car sale in Dhaka has something for everyone. You can find family cars, fuel-efficient vehicles, and luxury models. Options are available for different budgets.
Common FAQs About Buying Used Cars in Bangladesh
1. What factors should I consider when buying a used car in Bangladesh?
When buying a used car, consider a few important factors. First, think about the car’s age and mileage. Next, look at the brand and its condition. Check the maintenance history as well. Finally, compare its price to similar cars. Additionally, check the car’s documentation, including registration, tax, and insurance papers.
2. How can I verify the condition of a used car?
You can verify the condition of a used car by inspecting it personally or hiring a trusted mechanic. Key areas to check include the engine, transmission, brakes, tires, and interior condition. A test drive can also help identify any issues with the car’s performance.
3. What are the popular brands for used cars in Bangladesh?
Popular brands for used cars in Bangladesh include Toyota, Honda, Nissan, Suzuki, Mitsubishi, and Mazda. Customers know these brands for their reliability, availability of spare parts, and good resale value.
4. Are Japanese reconditioned cars a good option in Bangladesh?
Yes, Japanese reconditioned cars are popular in Bangladesh because of their reliability and often low mileage. These cars are typically in good condition. They offer a good balance of affordability and quality. This makes them a popular choice for buyers.
5. How are used car prices determined in Bangladesh?
Used car prices in Bangladesh depend on the car’s age, mileage, brand, model, condition, market demand, and import taxes. Cars with a clean maintenance history and in good condition tend to have higher prices.
6. Where can I find listings for used cars in Bangladesh?
You can find listings for used cars on online platforms like Bikroy.com, Carmudi Bangladesh, and local classifieds. Additionally, visiting car dealerships and attending car fairs can provide more options.
7. Is it better to buy from a dealer or a private seller?
Buying from a dealer may offer more security and options for financing, but it could be more expensive. Buying from a private seller can save money. However, it is important to check the car’s history and condition thoroughly. This will help you avoid potential problems.
8. What documents should I check before purchasing a used car?
Before purchasing a used car, ensure that you check the following documents:
– Registration certificate
– Tax token
– Insurance papers
– Fitness certificate
– Transfer deed (if applicable)
– Vehicle history report (if available)
9. Can I negotiate the price of a used car?
Yes, negotiation is common when buying a used car. Sellers often set a higher price with the expectation that buyers will negotiate. Do your research on the car’s market value and condition to strengthen your position during negotiations.
10. What should I be aware of regarding import duties on used cars?
Import duties on used cars in Bangladesh can be high, especially for newer or luxury models. Understanding that these duties can significantly impact the final price of the car is important. Make sure to factor in these costs if you are considering a recently imported vehicle.
11. Are financing options available for used cars?
Yes, many banks and financial institutions in Bangladesh offer loans for purchasing used cars. However, the interest rates and terms may vary depending on the car’s age, value, and the lender’s policies.
12. How can I avoid buying a stolen or illegally imported car?
Check the car’s registration with the Bangladesh Road Transport Authority (BRTA). This will help you confirm that the car is not stolen or illegally imported. Check the car’s chassis and engine numbers against official records. Make sure you have the correct documents. Ensure the ownership transfer is completed.
13. How does the resale value of a used car affect my decision?
The resale value is an important consideration if you plan to sell the car in the future. Cars from reliable brands like Toyota and Honda tend to hold their value better. This means they sell for more money later. Therefore, buying these cars is a smarter investment in the long run.
14. What are the most fuel-efficient used cars available in Bangladesh?
Popular fuel-efficient used cars in Bangladesh include models like the Toyota Aqua, Honda Fit, and Suzuki Alto. These cars have a reputation for their low fuel consumption and are perfect for city driving.
15. Can I get insurance for a used car?
Yes, insurance is available for used cars in Bangladesh. You can select either third-party liability insurance or comprehensive insurance based on your needs and your car’s value.
