Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

Tata Capital > Blog > Loan for Vehicle > Top 5 Used Cars that are Recommended to Buy – Tata Capital

Loan for Vehicle

Top 5 Used Cars that are Recommended to Buy – Tata Capital

Top 5 Used Cars that are Recommended to Buy – Tata Capital

Buying a used car is like a gamble and needs a lot of research and knowledge about the performance of the shortlisted cars. The Indian automobile industry is witnessing an exponential growth and there are more than 700 variants of cars available in the Indian auto market. When you may not prefer to buy a brand new car due to their high depreciation value or your limited budget, a used car can serve your purpose, provided you make a smart choice. Many buyers prefer to take a car loan for buying used cars too. To help you take an informed decision, we have complied a list of 5 top performing used cars in the Indian automobile market-

1. Maruti Suzuki Swift Dzire

If you are planning to buy a used car under 5 lakhs, Swift Dzire can be the perfect choice. Known for its looks, efficient engine, fuel efficiency, upmarket features, this model is extremely popular. The price for second hand model ranges from 4 lakhs to 4.8 lakhs and is available in both petrol and diesel versions. According to Mainak Das, automobile journalist, “The Petrol variant gets power from a 1.2 litre K-Series VVT petrol unit which churns out 84.3 PS of peak power at 6,000 rpm and 115 Nm of peak torque at 4,000 rpm.

2. Honda City

The stylish and suave look of Honda City makes it the most in- demand car of the Indian market. The car is extremely comfortable and easy to handle. It can be used for family trips apart from your daily commuting needs. Mainak Das further writes, “If you are worried about your budget, and yet looking for a used sedan within Rs. 5 lakh, this can be a perfect buy for you. A Honda city built between 2010 to 2013 can be easily available within Rs. 3.85 lakh to Rs. 4.7 lakhs.

3. Maruti Suzuki Alto

Needless to say, this car has topped the car sales figures in India for years now. Affordability is its USP. You can get it below 1 lakhs in the used car segment. The demand for this popular hatchback has always remained high despite of new models being launched every year.

4. Hyundai i10

Another great car that promises greater affordability and mileage. It is one of the beautiful and stylish cars at the entry level. Its maintenance is relatively cheaper and hassle free. It is available in the range of 1 to 1.5 lakhs if you plan to buy a second hand model.

Hyundai i20 This is a premium car with designer and stylish looks. Its second hand model can be bought in the price range of 2 to 2.5 lakhs. According to Ninad Ambre, carwale.com, “If you are still little away from planning to buy a new one, there are more than few examples of the used ones that may fulfill your needs for premium looks and a feature-rich cabin.