Searching for a 2nd hand car under Rs 1.5 lakh down payment that is dependable and economical is a common objective for many. The used car industry opens up many opportunities, especially when looking for a car without breaking the bank. The used car market has some undiscovered treasures you need to find.
Here is a list of possible options to choose from.
List of 10 Best Used Cars Under Rs 1.5 Lakh
Here are some of the best second-hand cars under Rs 1.5 Lakh down payment you may consider to make an informed decision:
1. Maruti Wagon R LX DUO BSIII
Introducing the Maruti Wagon R LX DUO BSIII, a compact yet versatile hatchback designed for urban manoeuvrability. With its efficient BSIII engine, it promises a blend of performance and fuel economy.
| Engine Displacement | 1061 cc |
| ARAI Mileage | 17.3 km/kg |
| City Mileage | 14.1 km/kg |
| Fuel Type | LPG |
| No. Of Cylinder | 4 |
| Max Torque | 7.8@4,500 (kgm@rpm) |
| Max Power | 57.5@6,000 (PS@rpm) |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 22 Litres |
| Ground Clearance | 165mm |
Also Read: 10 Second Hand Cars Under 2 Lakh In Delhi
2. Maruti Swift Glam
Introducing the Maruti Swift Glam, a stylish and dynamic hatchback that exudes charm and sophistication. With its sleek design and modern features, it sets new standards in urban elegance.
| Engine Displacement | 1298 cc |
| ARAI Mileage | 16.1 kmpl |
| City Mileage | 12.2 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 4 |
| Max Torque | 11.5@4,500 (kgm@rpm) |
| Max Power | 88.2@6000 (PS@rpm) |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 43 Litres |
| Ground Clearance | 170mm |
Also Read: Top 10 Best Used Cars Under 5 Lakhs
3. Maruti A-Star Lxi
Introducing the Maruti A-Star Lxi, a compact and nimble hatchback engineered for urban adventures. With its efficient engine and agile handling, it delivers a thrilling driving experience with every journey.
| Engine Displacement | 998 cc |
| ARAI Mileage | 19 kmpl |
| City Mileage | 17 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 3 |
| Max Torque | 90Nm@3500rpm |
| Max Power | 66.1bhp@6200rpm |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 35 Litres |
| Ground Clearance | 170mm |
Also Read: Top 10 Best Used Cars Under 6 Lakhs
4. Tata Indica Aura 1.2 Safire
Introducing the Tata Indica Aura 1.2 Safire, a reliable and versatile hatchback designed for both city commutes and highway journeys. With its powerful Safire engine, it offers a perfect blend of performance and efficiency.
| Engine Displacement | 1172 cc |
| ARAI Mileage | 15.8 kmpl |
| City Mileage | 12.1 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 4 |
| Max Torque | 96Nm@3000rpm |
| Max Power | 65bhp@5500rpm |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 37 Litres |
| Ground Clearance | 165mm |
Also Read: Top 10 Used Cars Under 4 Lakhs in India
5. Maruti Zen Estilo VXI BSIV
Introducing the Maruti Zen Estilo VXI BSIV, a compact yet spacious hatchback designed for urban exploration. With its BSIV-compliant engine and versatile features, it promises a comfortable and efficient ride for every adventure.
| Engine Displacement | 998 cc |
| ARAI Mileage | 19 kmpl |
| City Mileage | 15 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 3 |
| Max Torque | 90Nm@3500rpm |
| Max Power | 67.1bhp@6200rpm |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 35 Litres |
| Ground Clearance | 165mm |
Also Read: 10 Best Used Cars Under 3 Lakhs
6. Chevrolet Beat LT
Introducing the Chevrolet Beat LT, a stylish hatchback showcasing a fuel-savvy 936cc diesel engine, boasting an impressive ARAI mileage of 25.44 kmpl. Its nimble city performance ensures an exhilarating driving journey.
| Engine Displacement | 936 cc |
| ARAI Mileage | 25.44 kmpl |
| City Mileage | 17.8 kmpl |
| Fuel Type | Diesel |
| No. Of Cylinder | 3 |
| Max Torque | 142.5Nm@1750rpm |
| Max Power | 56.3bhp@4000rpm |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 35 Litres |
| Ground Clearance | 175mm |
Also Read: Top 7 Used Cars Under 1 Lakhs in India
7. Maruti Wagon R VXI BS IV
Introducing the Maruti Wagon R VXI BS IV, a versatile hatchback equipped with a potent 998cc petrol engine. With an impressive ARAI mileage of 21.50 kmpl, it offers exceptional city efficiency for a seamless urban commute.
| Engine Displacement | 998 cc |
| ARAI Mileage | 21.50 kmpl |
| City Mileage | 20.51 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 3 |
| Max Torque | 90Nm@3500rpm |
| Max Power | 67.04bhp@6200rpm |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 35 Litres |
| Ground Clearance | 165mm |
Also Read: 10 Best Used Cars Under 10 Lakhs
8. Honda Jazz X
Introducing the Honda Jazz X, a dynamic hatchback featuring a robust 1198cc petrol engine. Offering a balanced blend of performance and efficiency, it boasts an ARAI-rated mileage of 16.7 kmpl for a satisfying driving experience.
| Engine Displacement | 1198 cc |
| ARAI Mileage | 16.7 kmpl |
| City Mileage | 12.6 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 4 |
| Max Torque | 110Nm@4800rpm |
| Max Power | 88.8bhp@6200rpm |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 42 Litres |
| Ground Clearance | 160mm |
Also Read: Best Used Cars Under 2 Lakh in India
9. Maruti Alto 800 Std
Introducing the Maruti Alto 800 Std, a compact yet reliable hatchback designed for everyday adventures. With its efficient engine and compact size, it offers a convenient and economical driving solution.
| Engine Displacement | 796 cc |
| ARAI Mileage | 22.05 kmpl |
| City Mileage | 20 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 3 |
| Max Torque | 69Nm@3500rpm |
| Max Power | 47.33bhp@6000rpm |
| Transmission Type | Manual |
| Body Type | Hatchback |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 35 Litres |
| Ground Clearance | 160mm |
Also Read: 10 Used Cng & Automatic Cars Under 2 Lakhs In India
10. Honda Civic 1.8 V AT
Introducing the Honda Civic 1.8 V AT, a sophisticated sedan combining elegance with performance. Powered by a refined 1.8-litre engine and equipped with automatic transmission, it delivers a smooth and exhilarating driving experience.
| Engine Displacement | 1799 cc |
| ARAI Mileage | 12.9 kmpl |
| City Mileage | 8.7 kmpl |
| Fuel Type | Petrol |
| No. Of Cylinder | 4 |
| Max Torque | 172Nm@4300rpm |
| Max Power | 130bhp@6300rpm |
| Transmission Type | Automatic |
| Body Type | Sedan |
| Seat Capacity | 5 |
| Fuel Tank Capacity | 50 Litres |
| Ground Clearance | 170mm |
How Does a Used Car Loan Help You Finance a 2nd Hand Car Under Rs 1.5 Lakh?
If you have selected the best-used car up to Rs 1.5 lakh, you can fund the purchase with Hero FinCorp’s loans for used cars.
- A high LTV ratio of up to 175%
- Keep your savings intact
- Easy and quick loan access
- Reasonable interest rates, starting at 13.5%
- Flexible repayment terms of up to five years
If you choose a used car above Rs 1.5 lakh, you can apply for a Used Car Loan from Hero FinCorp. Based on the applicant's eligibility and creditworthiness, Hero FinCorp can provide up to Rs 50 Lakh.
Also Read: Steps To Buying A Second-Hand Car On EMI
Steps to Apply Used Car Loan Online to Buy Car Under Rs 1.5 Lakh
Follow these steps to apply for used car loans from Hero FinCorp online:
After proper assessment, your loan will be approved and disbursed after you accept the offer.
Conclusion
When looking for a used car under Rs 1.5 Lakh, these options will help you get the best deal with maximum benefits. With loans for used cars from Hero FinCorp, you can finance up to 175% of your purchase and spread its cost into easily affordable EMIs. So, rather than delaying your purchase due to financial constraints, finance the 2nd hand car under Rs 1.5 lakh with a used car loan without worrying about finances.
Frequently Asked Questions
1. How to decide the right budget for buying a used car?
When purchasing a used car with a loan, you must ensure the EMIs do not consume more than 10% of your monthly salary, and the tenure does not extend beyond five years.
2. Which is the best mileage car in under Rs 1.5 Lakh?
The Chevrolet Beat LT is the best mileage car you can find under Rs 1.5 Lakh.
3. Which car is low-budget?
Priced at around Rs 3.5 Lakh, the Maruti Alto 800 Std is a low-budget car you can find at a reasonable price.
4. Which is the most reliable second-hand car to buy?
Maruti Wagon R VXI BS IV is one of the most reliable second-hand cars under Rs 1.5 Lakh.
5. Which is the best family car on a low budget?
Maruti Swift Glam is the best family car on a low budget. The price you pay depends on the car's age and physical and mechanical condition.
6. Which is the Best Mileage 7 Seater Cars in India within 1.5 Lakh?
Finding the best mileage 7-seater car within 1.5 lakh INR is challenging, but used options like the Maruti Suzuki Eeco and Mahindra Bolero often offer good value and efficiency. Ensure to check their condition and mileage before purchasing.
Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any purchasing decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader's discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.
