However, with ever-increasing prices of new cars, the dream of owning a D-segment 6 to 7-seater seems to be getting away for many.
Among the current lot of full-sized SUVs that are available in the market, the MG Gloster has its own fanbase due to its exorbitant dimensions. While a brand new base model Gloster would set you back by at least Rs 45 lakh on road, what about a used car that promises to offer the same convenience but at a lower sticker price? Here is an assessment of how much a Gloster SUV should have depreciated after a 5 year or 50,000 km ownership.
While the residual value calculators and pre-owned car platforms usually give us a fair idea of what a pre-owned car with 5 years age and 50,000 km mileage would cost, the Gloster's residual value estimates seem to be divided. When launched in October 2020, a Gloster Savvy 6-seater variant costed approximately Rs 40.33 lakh on-road.
Residual value calculators show that the top-end Savvy 6-seater variant from 2020 should be valued at Rs 15 lakh on average. On the other hand, asking prices for a 5-year/50,000km old Gloster Savvy 6-seater have an average quote of Rs 20-25 lakh on used car platforms. This puts the matter of a Gloster's justified residual value in question as there is a major gap in prices calculated based on depreciation and the prices quoted, based on market demand.
However, estimates from pre-owned car portals would precede the calculator estimations in this comparison as they represent actual vehicles and real transactions. Considering the same, a 2020 Gloster's Rs 20 lakh valuation shows that an SUV which was bought for Rs 40.33 lakh, 5 years ago, still retains 49.7 percent of its purchase value in 2025. This puts the MG Gloster at an advantage, considering that the average residual value for a car this age in India is between 30-40 percent of the original purchase price.