The used car market in India is thriving. In 2020 itself, the industry recorded 4.4 million pre-owned cars sales compared to 2.8 million brand-new vehicles.
People prefer a second-hand car due to its functionality at comparatively affordable prices and lower insurance and depreciation rates. With easy used car eligibility conditions required nowadays, you can comfortably get a loan to finance your ride if you fall short on funds.
The market is teeming with a variety of cars for you to choose from. To help you pick the right one, we have brought together a list based on brand value, maintenance cost, fuel efficiency and reliability.
Here are the top budget-friendly used cars which are fuel-efficient.
Maruti Suzuki Swift
The Maruti Suzuki Swift is one of the best-selling hatchbacks in India since its launch in 2005. Its low maintenance cost due to inexpensive spare parts makes it a great budget car. So, servicing and upkeep are as hassle-free as it gets. The model comes in both – a diesel and a petrol variant.
Moreover, it offers fuel-efficiency at a competitive budget. The Swift ticks all the right boxes with eye-catching looks, excellent brand value, spacious interiors, powerful engine, compact design and superb mileage.
Additional Read: Most popular used car models in India
This five-seated sedan is known for its excellent fuel economy as it offers a mileage of 17 kmpl up to 24.1 kmpl. With Honda’s valuable brand name, the City is one of the most favourite fuel-efficient used cars. It sports stylish aesthetics on the exterior and comfortable spaciousness in the interior.
The Honda City packs all the essential features you would expect out of a classy sedan. These include an anti-lock braking system, alloy wheels, dual airbags, power steering and windows, air conditioner, automatic climate control, etc. Besides, a 1497 cc engine powers the car and delivers a smooth riding experience even on bumpy roads.
Additional Read: Toyota Vs Honda Hatchback – Which one should you opt for?
Maruti Suzuki Alto 800
The Maruti Suzuki Alto 800 is a popular name in the budget-friendly car segment. The latest model dons a new grille, sharp headlights, customised bumper, and a smart play dock that connects directly to your smartphone. Its low maintenance cost, modest price, and high resale value have made it a best-seller in the new and used cars market. That’s why you will always spot an Alto running on Indian roads.
Alto’s 796-cc three-cylinder engine offers decent performance and mileage of 24.7 kmpl. The car features dual airbags, smart reverse parking sensors, power windows, keyless entry, etc., at a modest pricing range of Rs 3.32 Lakh - Rs 4.91.
To Sum Up
Looking to buy a second-hand car but short on budget? Apply for a used car loan from Tata Capital and get an amount up to Rs 50 lakhs! We offer flexible EMI plans and extended loan tenures for up to 5 years to suit your financial needs.
With used car interest rates starting at 15%, you can get instant approval digitally with minimal documentation. Finance your car easily with a little help from Tata Capital! Get in touch today!