A young adult owning his/her own car? At the age of 20 something? Well, a decade back, this would’ve sounded like a midsummer night’s fever dream but not today. Many young adults who have just started earning want the convenience of a private vehicle over the crammed and now unsafe public transport. Does this sound like you? Then consider purchasing a used carfirst.
In addition to being affordable, pre-owned cars are also a lot cheaper to insure and maintain, allowing you to save some serious bucks. To help you out, here is a list of used cars you should consider.
1. Maruti Suzuki Alto 800
The Alto is one of the cheapest and best entry-level hatchbacks sold in India. From its compact size to good fuel efficiency, easy drive, and affordable maintenance, the Alto is a perfect car for anyone under this age category. The new update also grants the hatchback a BS-VI-ready petrol engine, with updated safety and convenience features.
While Alto is a budget-friendly vehicle, you can always consider availing a used car loan if you’re short on funds.
2. Maruti Suzuki Swift
The Swift is one of the most popular cars among young adults as it perfectly fits the term ‘bang for the buck’. With a lot more driving fun than a regular hatchback, Swift offers comfort, features, fuel economy, and performance, all in a compact but ‘swift’ package. It is a great daily driver, but also one of the most customisable cars in India. From body kits to alloy wheels, spoilers, and tuned exhausts, you can transform the hatchback into whatever you desire.
Additional Read: 10 Best Used Cars to Buy Under 5 Lakhs in 2021
3. Renault Kwid
Along with almost all the qualities of the Alto, the Kwid has a higher ground clearance. This and the split-headlamp setup with DRLs give it more of an SUV look, which is very popular among young adults. Falling in a similar price range as the Alto, the Kwid also has excellent fuel efficiency and low maintenance cost that won’t take a toll on your finances. Given the savings, paying your used car loan interest rate, if any,will also be a breeze.
4. Volkswagen Polo
Polo is one of the most reliable cars sold in India. It is not very feature-rich but is exceptionally sporty and packs a powerful engine, which is why it has been a favourite among car enthusiasts in India. It produces a staggering 108 bhp at 4400 rpm and is much smaller and compact than the average hatchback. This is what makes it one of the most suitable cars for young adults. But since the Polo can be a bit on the steeper end, it would be wise to consider a second-hand car loan.
Additional Read: Top Budget-Friendly Used Cars Which are Fuel Efficient
To sum up
If owning a private car is a dream you want to realise early in your career, Tata capital is here to help. We extend affordable used car loan interest rates to help you avail of the required funds easily. Now apply as per convenience with the help of our virtual assistant TIA from anywhere, anytime.
To know more about vehicle loans and understand your EMI liabilities use our used car loan EMI calculator.