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Tata Capital > Blog > Loan for Vehicle > 10 Best Used Cars to Buy Under 5 Lakhs in 2021

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10 Best Used Cars to Buy Under 5 Lakhs in 2021

10 Best Used Cars to Buy Under 5 Lakhs in 2021

Want to buy a pre-driven car on a fixed budget of Rs. 5 lakhs? Well, then you’re in luck! The supply of second-hand vehicles has gone up since the pandemic, with many options in the 5-lakh range. What's more, funding a pre-owned vehicle has also become easy, with used car loans available at competitive interest rates.

Not sure which models are sought after this year? Fret not! Check out our list of the top 10 second-hand cars in top demand.

1. Tata Tiago

With a 1.2 litre, 3-cylinder engine, the Tata Tiago is a stylish family hatchback. It returns incredible fuel efficiency at 21 kilometres per litre and is available with both automatic and manual gearboxes. The Tiago comes with a safe build, exceptional ride quality and comfort, making this one of the most loved used cars under 5 lakhs in India.

2. Maruti Suzuki Ignis

Considered a budget-friendly premium vehicle, the Ignis comes with a 1.2 litre, 4-cylinder engine. Buyers can opt for both automatic or manual transmission variants. A beautiful looking car, the Ignis returns a fantastic mileage of 21 kilometres per litre, making it a true value for money buy.

3. Renault Kwid Facelift

Very few second-hand cars beat the Kwid when it comes to visual appeal and cabin features. It comes with two types of engines – 800 cc and 1000 cc. Only the 1000 cc engine has both manual and automatic transmission. The Renault Kwid offers a fuel economy of 23 kilometres per litre with the 1000 cc engine and 25.17 kilometres per litre with the 800 cc engine.

Additional Read: Top 5 Trusted Used Car Brands in India

4. Renault Triber

If you’re willing to go slightly over budget with the help of a pre-owned vehicle loan at low used car loan interest rates, consider the Triber. It provides you exceptional cabin space, considering it's a 7-seater subcompact SUV. Despite the size, its 1000 cc engine returns mileage at 20 kilometres per litre.

5. Maruti Alto 800

From high price to low, the Alto 800 has been around for years and is incredibly popular in the used-vehicle segment. Since this car is for value buyers, it comes in both petrol and CNG variants with an 800 CC engine.

6. Maruti Suzuki Wagon-R

An iconic car that has been serving families for generations, the Wagon-R is a classic favourite of second-hand car buyers, even in 2021. Great for both long hauls and city driving, this vehicle comes with a 1.2 litre as well as a 1-litre engine. The fuel efficiency on the Wagon-R is 20.52 kilometres. This vehicle is also available with a CNG variant.

7. Renault Duster

The Renault Duster, with its robust chassis and bold look, makes for a great second-hand buy this year. It comes with a powerful 1.4 cc engine and can comfortably seat 5. Although it is a great family car, you can also use it for off-roading.

8. Toyota Innova

Staying on the topic of spacious MUVs, the Toyota Innova is an excellent addition to this list. The 7-seater 2400 cc vehicle is available in both petrol and diesel variants. If you want exceptional ride quality with oodles of boot space, Innova should be your top second-hand pick for 2021.

9. Hyundai Elite i20

An extended hatchback, the Elite i20 comes with a surprisingly powerful 1400 cc engine capable of returning a mileage of up to 20 kilometres per litre. Available in both petrol and diesel variants, it is an aesthetically appealing and comfortable buy.

10. Maruti Suzuki Baleno

If you want to purchase a premium hatchback under Rs. 5 lakhs, don't look beyond the Baleno. With an eye-grabbing design and 1200 cc petrol and 1300 cc diesel engine, this vehicle comes loaded with features. And, if fuel efficiency is your concern, the Baleno can return a mileage of 21.79 kilometres per litre.

Additional Read: Top Budget-Friendly Used Cars which are Fuel Efficient

Summing up

Like these cars, but want to invest in alternative-fuel vehicles? Well, then scour the internet for second-hand electric cars in India. You might find them slightly above Rs. 5 lakhs. But, with the right used car loan, purchasing one won't be an issue.

Have your heart set on a pre-owned car model but looking for the right finance partner? If so, then turn to one of India's leading lenders – Tata Capital. We extend used-car finance at competitive interest rates with flexible repayment tenures and speedy processing.

Before applying, you can also use our online used car loan EMI calculator to figure out your potential EMIs.

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