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10 Best Used Cars Under INR 5 Lakhs In 2024

Published on Sept 21, 2023Updated on Feb 6, 2024

10 Best Used Cars Under INR 5 Lakhs In 2024

The search for the best used car under INR 5 Lakhs that is economical yet dependable is still a common goal for many. The used automobile industry presents a wealth of opportunities for people looking to purchase a car without breaking the bank. Used cars under INR 5 lakh may appear constrained, but the world of used automobiles is teeming with undiscovered treasures just waiting to be found. Ranging from used automatic cars under INR 5 Lakhs to cars with manual transmissions, the second-hand automobile market will never fail to provide you with options.

10 Best Used Cars Under INR 5,00,000

Here are a few of the best used cars under INR 5 lakhs you can consider as options while making a decision:

1. Hyundai Grand i10 Sportz

Delivering an average mileage of 18.9 kmpl, the Hyundai Grand i10 is powered by a 1197 cc petrol engine, providing a maximum power of 81.86 bhp. Additional features include a multi-function steering wheel, power adjustable exterior rear view mirrors, an anti locking braking system, while still maintaining utilities like a rear parking sensor and camera, battery saver mode, and a Bluetooth connectivity infotainment system.

2. Volkswagen Polo 1.5 TDI

At its heart lies a powerful 1498 cc diesel engine that offers an average mileage of 20.14 kmpl without compromising on power. This spacious 5 seater provides 280 litres of boot space while having additional features like a left side sun visor and speed sensitive electronic power steering, making it a perfect buy for someone looking for a used car under INR 5 Lakh.

3. Maruti Suzuki Swift

Powered by a 1197 cc petrol engine delivering 88.5 bhp, this 4-wheeler offers an excellent average mileage of 22.41 kmpl. With dual-tone interiors, adjustable halogen headlamps, and LED taillights, it also includes safety measures like the Suzuki HEARTECT body, key-left warning lamp, and buzzer.

4. Honda Amaze

This entry level sedan is powered by a 1199 cc petrol engine delivering 88.5 bhp. With an average mileage of 18.3 kmpl, this spacious 4-wheeler contains a boot space of 420 liters. Providing safety features like dual airbags, ABS with EBD, and rear parking sensors, this car does not compromise on design and appearance. With a touchscreen display and digital instrument cluster, this car is a definite package as one of the best used cars under INR 5 Lakh!

5. Toyota Etios Liva

This 5-seater 4-cylinder is powered by a 1197 cc petrol engine, delivering an average manual fuel consumption of 17.71 kmpl. With a spacious boot space of 251 L, this car also comes with a height adjustable driver's seat. Not compromising on safety, this 4-wheeler includes an engine immobiliser, a crash sensor, and a centrally mounted fuel tank.

6. Renault Kwid

Offering an average mileage between 21.46 - 22.3 kmpl, this 999 cc petrol engine delivers an average power of 53.26-67.06 mbhp. Additionally, it includes features like a pollen filter, rear grab handles, and an intermittent front wiper while still upgrading safety with measures like an on-board trip computer, an emergency wheel, and a rear ELR, ticking all the boxes for a used automatic car under INR 5 Lakh!

7. Hyundai Verna

With a 1591 cc petrol engine, this 5-seater delivers an average mileage of 15.74-24.8 kmpl. This spacious 4-wheeler provides a boot space of 465 liters while also having an audio system remote control. Safety features include side and front impact beams, an engine immobiliser, an anti-theft device, and ABS with EBD.

8. Maruti Baleno

Delivering an average mileage of 22.35 kmpl, this 1197 cc petrol engine produces 88.5 bhp. With a boot space of 318 liters, this car also includes features like automatic climate control and an electronic multi-trip meter. Additionally, it also has safety features like side impact front beams, crash sensors, and engine check warnings.

9. Tata Tigor

At its heart lies a 1199 cc engine producing a maximum of 84.82 bhp and delivering an average mileage of 19.28-19.6 kmpl. This 5-seater sedan has safety measures like key-in reminders, corner stability control, and a puncture repair kit. Additionally, with engine immobiliser and crash sensor, this car also features a 7-inch touchscreen display with voice feedback, making it a complete package as a used car under INR 5,00,000.

10. Tata Tiago

Powered by a 1199 cc Petrol/CNG engine, this 5-seater delivers an average mileage of 20.09 kmpl. With additional features like corner stability control, a rear camera with dynamic guidelines, a crash sensor, and a key-in reminder, this complete package of a car also comes with a 7-inch touchscreen infotainment system.


When it comes to buying a second-hand car, it is important to ensure safety and quality. And this can become a tedious task when under a strict budget. SMFG India Credit brings you personal loans for second hand cars up to INR 25 lakhs* that are curated for your needs, so you don't have to compromise! With quick disbursal, no hidden charges, and a 100% paperless application process, our loans will definitely make the decision process easier! Check your eligibility through our online calculator and learn about the steps to take to make the most of your financial decision.

* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us

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