10 Best Used Cars Under 5 Lakhs in 2024: Top Picks

Buying a used car is an excellent strategy to own a high-end vehicle without spending a fortune. These days, you can find a diverse range of used cars under 5 lakhs in the pre-owned car market. So, if you are looking for an affordable yet peppy ride, we have given the best options. A Used Car Loan from Hero FinCorp can help you finance the purchase and pay its cost in easy monthly instalments.

List of Top 10 Used Cars Under 5 Lakh in India

You will need a comparison of each car's new and used prices to make an informed decision regarding the Used Car Loan. Here is a list of used cars under 5 Lakhs with the prices of their new and used versions.

Best Used Cars Under 5 Lakhs in India

Here is a list of the best used cars under 5 lakhs with their specifications. Go through the details and finalise your choice based on your budget. Need financial assistance with the purchase? Don't hesitate to apply for a Hero FinCorp Used Car Loan.

1. Maruti Swift ZXI

Maruti Swift ZXI is the epitome of style and performance. Its sporty design is sharp, and it is equipped with LED projector headlamps and precision-cut alloy wheels in two-tone. The ZXI variant also has a touchscreen smart-play studio, automatic climate control, voice command, and other top features.

2. Tata Nexon XM Diesel

It is a 5-seater compact SUV available in 44 variants. The best features include a heater, instantaneous consumption, cabin-boot access, average speed, ignition-on reminder, and a maximum torque of 260 Nm @ 1500 rpm. Powered with a 1.5L turbocharged Revotorq engine, it is a spacious vehicle with power and comfort.

3. Maruti Suzuki Baleno Delta Petrol

Maruti Suzuki Baleno Delta is a mid-petrol variant available in six colours. The 1.2L K-series Engine produces a max power of 88.50bhp@6000rpm with a max torque of 113Nm@4400rpm. It has disc brakes in the front and drum brakes in the rear end. Major features include power windows, a tachometer, a dual trip meter, a heater, and a 17.78 cm SmartPlay Studio touchscreen.

4. Ford EcoSport Trend

The powerful engine of a Ford EcoSport Trend delivers superior performance on all road types. Providing a power of 123PS with 150 Nm torque, this car with a 3-cylinder engine makes your rides fun and comfortable. The sunroof makes each drive exciting, letting you feel fresh air through the roof and enjoy beautiful surroundings.

5. Hyundai Grand i10 Nios Sportz 1.2 Kappa VTVT

This 5-seater hatchback is one of the best used cars under 5 lakhs. Available in 16 variants, its main features include a heater, cabin-boot access, steel rims on wheels, four airbags, Tyre Pressure Monitoring System (TPMS), Hill Hold Control, and LED projector lights.

6. Volkswagen Polo GT TSI

Volkswagen Polo GT TSI is available in five colours and is equipped with a 1.2L TSI Engine with 4 Cylinders. It produces a maximum power of 104 bhp@5000 rpm with a peak torque of 175 Nm@1500-4100 rpm. It comes with an automatic transmission system with FWD. Comfort features include keyless entry, cruise control, climate control, rear parking sensor, etc.

7. Hyundai Elite i20 Asta 1.2 Dual Tone

Equipped with Bluetooth, electric ORVM, parking sensors, and Auto AC, Hyundai Elite i20 Asta 1.2 Dual Tone has safety assured with two airbags and an anti-lock braking system. It is equipped with an 1197 cc, 4 Cylinders Inline, 4 Valves/Cylinder DOHC engine producing 83 PS @ 6000 rpm and 114.7 Nm @ 4200 rpm of torque.

8. Toyota Glanza G

Toyota Glanza G is a mid-petrol hatchback with keyless entry, automatic headlamps, cruise control, a cooling glove box, and paddle shifters. Six airbags, child safety lock, electronic brakeforce distribution, and engine immobiliser ensure safe rides every time. Instruments include an analogue tachometer, digital odometer, gear shift reminder, engine malfunction light, faster seatbelt warning, etc.

9. Honda City V 4th Gen

This is a discontinued model from Honda after keeping it on sale with 5th Gen for three years. Are you looking for the best used car under 5 lakhs? Opt for its used version available at a fraction of the cost. It comes with a diesel engine producing a power of 4000rpm and torque output of 200Nm. Comfort features like keyless entry, cruise control, and seat lumbar support make your rides memorable.

10. Maruti Suzuki Ciaz ZXI+ AT

This is a discontinued version from Maruti, highly in demand in the pre-owned car market. Featuring a DOHC valve system and fuel capacity of 43 litres, it is the top model in the Ciaz line-up.

Conclusion

These are some of the best used cars under 5 Lakhs. Whether looking for used automatic cars under 5 Lakhs or manual ones, you can fund your purchase with a Used Car Loan from Hero FinCorp. Maintain a high credit score and low debt-to-income (DTI) ratio to get the lowest interest rate on a Used Car Loan. So what are you waiting for? Apply for the Hero FinCorp Used Car Loan today!

Frequently Asked Questions:

1. Which used car has the best engine under 5 lakh?

Hyundai Elite i20 Asta 1.2 Dual Tone has the best engine under 5 Lakh. It has an 1197 cc, 4 Cylinders Inline, 4 Valves/Cylinder DOHC engine producing 83 PS @ 6000 rpm and 114.7 Nm @ 4200 rpm of torque.

2. What second-hand car is the best for a second car?

A pre-owned Maruti Swift ZXI can be the best as a second car. It delivers performance, comfort and style on a budget. It has various features to keep the rides safe, affordable, and comfortable.

3. Which used car has the longest engine life in India?

Your used car’s engine life depends on its age and maintenance. It may break down earlier if you ignore regular servicing. However, regular maintenance prolongs its life and improves its performance.