The Hyundai Alcazar was launched in 2021 as Hyundai’s response to the growing demand for SUVs with three-row seating in the Indian market. Derived from the popular Creta platform, but with a longer wheelbase and added seats and luxury amenities, the Alcazar soon gained a reputation as the perfect family SUV, offering the perfect blend of utility and style.
However, if you need one today, there are two trustworthy options available: the brand-new Hyundai Alcazar or a used Hyundai Alcazar.
The latest Alcazar has had its styling updated and the engine refined, but the old car still retains much of its strength in terms of feature content, performance, and comfort, at a significantly lower price. So the question on everybody’s mind is: Is it worthwhile spending money on the latest Alcazar or saving greatly by opting for the old one?
We’re breaking it all down, price, features, insurance, financing, and more, so you can make a more informed decision.
Table of Contents
New Hyundai Alcazar Quick Overview
Hyundai launched the Alcazar in June 2021 and updated it in 2023. The current one consists of subtle cosmetic changes, new color options, and, more notably, the new 1.5-litre turbo petrol engine instead of the previous 2.0-litre NA petrol engine.
Variants-wise, the Alcazar is available in both 6- and 7-seater configurations and offers both petrol and diesel engines, as well as manual and automatic gearbox options. The latest models also feature Hyundai’s new infotainment user interface, enhanced connected car technology, and adjustable suspensions for improved ride comfort.
Key Updates of the New Hyundai Alcazar
- New 1.5L turbo petrol engine (replaces the older 2.0L NA engine)
- Enhanced fuel efficiency
- Subtle grille and bumper tweaks
- More safety features standard across trims (6 airbags, TPMS, ESC)
- Improved infotainment system and digital display
- Refined ride and NVH levels
- New colour options (e.g., Ranger Khaki)
- Updated interior accents
New Hyundai Alcazar Ex-Showroom Price
| Car Variant | Transmission | Price (Ex-showroom) |
| Prestige | Manual | ₹17.22 |
| Prestige Diesel | Manual | ₹17.22 |
| Prestige DCT | Automatic | ₹18.64 |
| Platinum | Manual | ₹19.60 |
| Platinum DCT | Automatic | ₹20.95 |
| Signature DCT | Automatic | ₹21.39 |
| Signature Diesel AT DT | Automatic | ₹21.54 |
Used Hyundai Alcazar Quick Overview
Ever since the Hyundai Alcazar was released in mid-2021, it has still new in the used car market. However, many owners who purchased the SUV in its introduction year are already offering their cars for sale again, especially those upgrading or swapping back to 5-seaters.
Initial Alcazar variants both ran on two engines: 2.0L NA gasoline and 1.5L diesel. While the 2.0L gasoline engine has been removed from the latest versions, it was a smooth and refined engine favored by most buyers, even for city driving.
A high resale value and extensive list of features make the Alcazar a very attractive buy in the pre-owned car section, if the buyer targets paying ₹3-5 lakhs less than the on-road price.
Used Hyundai Alcazar Price Overview
| Production Year | Transmission | Price Range |
| 2023 | DCT / AT | ₹17–20 lakh |
| 2022 | Manual / AT | ₹15.5–18 lakh |
| 2021 | Manual / AT | ₹13.5–16.5 lakh |
New Hyundai Alcazar vs Used Hyundai Alcazar: Financing Comparison
Let’s compare the new 2024 Hyundai Alcazar Platinum DCT with a 2022 Hyundai Alcazar Signature 1.5 L AT from the used car market. Both offer strong features, automatic gearboxes, and a premium feel.
| New Hyundai Alcazar | Used Hyundai Alcazar | |
| Ex-showroom Price | ₹20.95 lakh | ₹16.50 lakh |
| Down payment | ₹4.95 lakh | ₹2.50 lakh |
| Loan tenure | 5 years | 4 years |
| Loan amount | ₹16.00 lakh | ₹14.00 lakh |
| Interest amount (approx.) | ₹3.45 lakh | ₹1.90 lakh |
| Total paid (loan + interest) | ₹19.45 lakh | ₹12.90 lakh |
| Difference | — | ₹6.00 lakh saved |
In pure financial terms, the used Hyundai Alcazar is the smarter option for most value-conscious buyers.
New Hyundai Alcazar vs Used Hyundai Alcazar: Insurance Comparison
Insurance premiums are tied closely to the car’s IDV (Insured Declared Value). Here’s how they compare over five years.
New Hyundai Alcazar (2024)
- IDV: ₹21.00 lakh
- Annual Premium: ₹47,000
- 5-Year Total: ₹2.35lakh
Used Hyundai Alcazar (2021)
- IDV: ₹14–15 lakh
- Annual Premium: ₹30,000–₹32,000
- 5-Year Total: ₹1.5–1.6 lakh
Expected savings in insurance over 5 years for a used 2022 Hyundai Alcazar Signature 1.5 L AT is around ₹85,000.
Plus, the new car will have higher registration charges and add-ons like an extended warranty, which also increase the upfront cost.
New Hyundai Alcazar vs Used Hyundai Alcazar: Which to Choose?
With the Alcazar, you can’t go wrong. The Hyundai Alcazar hits the road with the entire lot brand new, featuring engine upgrades, zero wear and tear, and the most modern safety and technology. Best suited for the buyer who will not compromise and has the potential to pay a large EMI or cash payment.
However, the Hyundai Alcazar used car, likely a 2021 or 2022 model, offers a similar feature set and comfort at a significantly lower price. You are not too bothered by the upgrade in the engine or the finer design strokes; the current Alcazar gives you whopping savings.
Therefore, if you prefer the newest engine and are willing to afford the bigger EMI, consider buying the latest Hyundai Alcazar. But if you prefer more value for money, a lesser financial burden, and the same features, choose the old Hyundai Alcazar.
Either way, you’re getting a high-quality 6- or 7-seater SUV with superior brand backing and excellent resale potential.
FAQ’s about New Hyundai Alcazar vs Used Hyundai Alcazar
Q. Is a used Hyundai Alcazar still under warranty?
A. Yes, Hyundai offers a 3-year/1,00,000 km warranty, which many 2021 and 2022 models may still have. Some models may also be available with extended warranty options.
Q. Does the new Hyundai Alcazar offer better fuel efficiency?
A. The new 1.5L turbo petrol engine offers better fuel economy compared to the older 2.0L NA petrol. The diesel engine options remain largely similar in efficiency.
Q. What features do you miss in the older Alcazar models?
A. Mainly the ADAS and infotainment refinements. Most other features, like panoramic sunroof, ventilated seats, and a 360-degree camera, were already present.
Q. Are used Hyundai Alcazar models reliable for long-term use?
A. Yes, provided the car has been maintained well and has no accident history. Hyundai cars are renowned for their reliability and ease of servicing.
Q. How much value does the new Hyundai Alcazar lose in the first year?
A. Typically, it depreciates around 10–15% in the first year, meaning a ₹21 lakh car could drop to ₹18–19 lakh within 12 months.
