10 Best Used Cars Under Rs 1.5 Lakh in 2024

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: 

• Visit the Hero FinCorp website 
• Go to the Used Car Loan page.
• Click on Apply Now.
• Fill out an application form.
• Submit the form to begin the process.

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.