Mahindra Thar value and depreciation
Known for jeep-styled budget off-roader.
Projected value of a new Mahindra Thar
We class the Mahindra Thar as a weak-franchise mainstream in our 12-tier model, which puts its retention at roughly 60% after three years and 46% after five. Perfectly good cars weighed down by dealer-network and parts-cost perception on the used market.
Retention table
| After | Retained | Retail value | Trade-in |
|---|---|---|---|
| 1 year | 77% | R 227 609 | R 200 296 |
| 3 years | 60% | R 175 334 | R 154 294 |
| 5 years | 46% | R 135 064 | R 118 856 |
| 7 years | 35% | R 101 825 | R 89 606 |
| 10 years | 23% | R 66 654 | R 58 656 |
Estimates for a new purchase at R 293 999; retail basis, trade-in ≈ 12% under retail.
The first-generation Thar sold in South Africa through most of the 2010s as a cheap, Jeep-styled 2.5 diesel off-roader. Crude on tar but capable in the rough, it built a small enthusiast following. The second generation was never brought here, so used values have held unusually well for a Mahindra.
What used Thar years are worth today
Tap a year for the full breakdown: value range, remaining depreciation, and what to pay.
| Year | Est. retail today | Trade-in | |
|---|---|---|---|
| 2020 Thar | R 117 273 | R 103 200 | Details → |
| 2019 Thar | R 101 825 | R 89 606 | Details → |
| 2018 Thar | R 88 412 | R 77 803 | Details → |
| 2017 Thar | R 72 764 | R 64 032 | Details → |
| 2016 Thar | R 59 885 | R 52 699 | Details → |
| 2015 Thar | R 49 286 | R 43 372 | Details → |
| 2014 Thar | R 40 563 | R 35 695 | Details → |
| 2013 Thar | R 33 384 | R 29 378 | Details → |
| 2012 Thar | R 27 475 | R 24 178 | Details → |
| 2011 Thar | R 22 612 | R 19 899 | Details → |
Thar against its rivals
Mahindra Thar: common questions
What is a Mahindra Thar worth after 3 years?
A Mahindra Thar bought new today for R 293 999 is projected to be worth about R 175 334 after three years, which is 60% of its price. A dealer trade-in offer would sit closer to R 154 294.
Does the Mahindra Thar hold its value?
We class the Mahindra Thar as a weak-franchise mainstream in our 12-tier model, which puts its retention at roughly 60% after three years and 46% after five. Perfectly good cars weighed down by dealer-network and parts-cost perception on the used market.
What does a used Mahindra Thar cost?
As a guide: a 2018 model is worth about R 88 412 retail today, while a 2011 model sits around R 22 612. Condition, mileage and spec move real prices by 10% or more either way.
What would a Mahindra Thar cost per month?
Financing a new Mahindra Thar at R 293 999 over 72 months at 11.75% with a 10% deposit comes to roughly R 5 139 per month before bank fees and insurance.
Keep going
All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.