Are you looking for a second-hand car to enable an easier commute to work and for meeting other needs? You are not alone; many people are steadily transitioning towards car ownership after the pandemic. Used cars offer great options to begin your ownership journey at a comparatively affordable cost while staying away from paying hefty insurance and other costs linked to new car purchases.
However, you need not always depend on dealership loans or your savings to purchase your used car. You can always take an instant personal loan from a personal loan app like LazyPay. Here, you will have to first check your eligibility with some basic details. Then you will get your credit line, which is the maximum credit that you can obtain. You can then apply for a personal loan from this amount, with a few documents. Everything else is paperless and done digitally, with approvals coming within a few hours. The disbursals to your account are also swift and hassle-free, to say the least. LazyPay is a great way to get funding for buying your dream car and you can select from convenient EMI plans that you can use to repay the loan.
Tips for buying used cars
With the funding avenue sorted for you, which used car do you choose? There are tons of options available and here are some tips that you should keep in mind:
- Make sure that you carefully inspect and verify the used car before confirming the purchase.
- Take a test drive or get an expert to do the same.
- Always check the condition of the car engine, tires, brakes, gears, and electrical equipment.
- Check the ownership and vehicle history, including whether the car has been involved in any mishaps or suffered serious damage. You will find this information in the insurance papers.
- The car should have valid registration and insurance papers, with all taxes paid as per schedule.
- Resist the temptation to buy luxury or premium cars at unbelievably low prices. They are most likely to drain you financially later on.
Top 5 used cars for you to consider
While keeping the above-mentioned factors in mind is important, here are five models that are immensely popular in the Indian used car market, and with good reason.
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Maruti Suzuki Alto/Alto 800/Alto K10
They say that the more an Alto ages, the better and more durable it becomes. While this can seem exaggerated to a large extent, the fact is that Alto cars are considered immensely reliable in the used car market. You will find a variety of options across model years, configurations, and monikers, with comparatively reasonable prices. The Alto is a car that will still give you a peppy ride with decent fuel economy, low ownership costs, and a no-frills yet no-hassles experience. You can consider this as your first car since it is great for commuting in congested cities.
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Hyundai Santro
The Santro is still the king of the Indian used car market. The Santro exists in several versions and you can find a reliable model that offers good fuel economy, decent features, and a capable engine. The Santro is also known for its zippy drive, decent ground clearance, and most importantly, its cute and charming design. This is another great first car worth owning for a few years.
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Maruti Suzuki Swift Dzire
The popular compact sedan is one of India’s highest-selling cars over the years. It is usually available with the Swift Dzire moniker in the used car market (the new model is now called only Dzire) and comes in two avatars. The Dzire is regarded as a practical, fuss-free, and comfortable compact sedan that offers great mileage, decent features, and a stylish design. It also has good space at the rear along with a decently-sized boot. If you can find something in your price range, then this is a great option to go for.
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Honda City
The Honda City is synonymous with quality and longevity. You will find several Honda City models in the used car market, right from the first generation onwards, and most of them have retained their value handsomely. The City drives smoothly and offers a refined engine, features, and plenty of legroom, no matter the model year. If you can afford it, then a used Honda City in good condition is always a compelling proposition.
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Mahindra Scorpio
Are you looking for a quality used SUV that can tackle bad roads and take care of your highway driving needs? The Scorpio is one of the most rugged SUVs in the country and it is rated very highly in the used car market as well. You will find several versions of the SUV, but the common aspects include the butch stance and design, plenty of space inside, great ground clearance, and oodles of practicality. This is another great option worth considering in the used car market.
To get started on buying your car, simply download the LazyPay app on the Google Play Store or App Store. Input your basic details and complete the KYC verification process in the XPress Cash section. Post this, you will receive the credit amount that you can withdraw at any time. You need not withdraw the complete amount mentioned by the app if you do not need it. All the best for your car ownership journey!