If you are looking for a budget car under ₹5 lakhs that fulfils your purpose and needs, then you have come to the right place. In this article, we will be discussing the best affordable cars under ₹5 lakhs in India. Also, do remember that buying a car on a budget doesn’t mean compromising on quality or style. Because there are several cars that offer a great experience on a budget. You can also avail an easy car loan and have flexible repayment options so that the loan doesn’t burden you with financial worries. So, here we go:
Maruti Alto K10 – Starting at ₹3.99 lakhs (Ex-showroom price)
The Maruti Alto K10 is a popular choice for those looking for a reliable and efficient car to ride around a city. Priced under ₹5 lakhs, it is a budget-friendly option where you don’t have to sacrifice performance. The car boasts a 1.0-litre K-series engine that provides a good balance of power and fuel efficiency. Its compact design makes passing through crowded city streets a breeze. Though the interior is simple and functional, it certainly offers comfortable seating and quite a user-friendly dashboard. So, if you are looking for an economical ride for your daily commuting to the office or for city rides, the Maruti Alto K10 is a perfect choice.
Renault Kwid – Starting at ₹4.70 lakhs (Ex-showroom price)
If you are looking for an option with a better design, then you go with the Renault Kwid, one of the best budget cars in India. Renault Kwid is known for its SUV-inspired design and feature-rich offerings. Its striking appearance with a bold front grill and rugged body cladding is what sets it apart in the budget segment. The Kwid also comes with a touchscreen infotainment system which definitely adds a touch of modernity to its interior. Due to its compact size, you can park your vehicle even in tight spots. This makes it suitable for urban dwellers.
Maruti S-Presso – Starting at ₹4.26 lakhs (Ex-showroom price)
Quite a popular compact car that you can easily find on Indian roads, the Maruti S-Presso is one of the best affordable cars under ₹5 Lakhs and is designed to cater to the demands of the modern driver. As the design of the car is a bit quirky, it stands out in the crowd. The S-Presso is also equipped with a 1.0-litre engine and hence, it delivers a good mix of performance and fuel efficiency. The cabin is also spacious and well-designed for a small family, providing a comfortable experience. Its advanced safety features such as dual airbags and ABS, make it a reliable option for those who prioritise safety.
Bajaj Qute – Starting at ₹3.61 lakhs (Ex-showroom price)
One of the best budget-friendly car options, if you are looking for a personal vehicle for small city rides, is the Bajaj Qute. Priced competitively, the Bajaj Qute is a compact vehicle that helps you effortlessly navigate through traffic and is also easy to park. Take it anywhere in the city and you would have a great driving experience. Though it is not as powerful as others on the list, it definitely stands out in the crowd due to its affordable price and unique design. The car is powered by a fuel-efficient engine, making it an economical choice for daily use. Though it does not offer the same features as traditional cars, its simplicity and low operating costs make it a practical option for short-distance travel.
Maruti Alto 800 Tour – Starting at ₹4.20 lakhs (Ex-showroom price)
A variant of the Maruti Alto 800, which is one of the most popular cars ever in India, the Maruti Alto 800 Tour is specifically designed for commercial use. It has a fuel-efficient engine and hence, is quite low-maintenance with low running costs. You can easily manoeuvre through congested streets in this car and that’s one of the reasons it is often an ideal choice for taxi services and delivery purposes. If you are looking for a budget-friendly vehicle for business use, the Maruti Alto 800 Tour can be a choice for you. No wonder it is one of the best-value cars in India.
How a Personal Loan Can Help You Finance Your Car
You can also avail a personal loan if you don’t have insufficient funds to purchase your budget car. When you avail a car loan, you get the required funds that you can use for your car purchase. A car loan is helpful as it allows you to fulfil your dreams without compelling you to spend your savings. Moreover, you can decide on your loan tenure and set your monthly instalments, which would not let you feel a financial burden. More often than not, you have fixed interests on these personal car loans and hence, you do not need to worry about financial fluctuations over time. Even if you wish to purchase a car for commercial purposes, you can avail these personal loans with minimal documentation.
With CASHe, you can secure a car loan of up to ₹4 lakhs without providing any collateral. Also, you have EMI plans ranging from 90 days to 540 days. So, what are you waiting for? Get rolling and apply for a car loan right away to purchase your dream car.