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Are you looking for the best second-hand cars in Mumbai for sale below 2 Lakh? Here, we have listed some of the best options available.
Once you finalise, you can fund up to 75% of the car’s cost with used car finance from Hero FinCorp and get your hands on the best choice in the market.
Here is a list of second-hand cars in Mumbai under 2 Lakh down payments. Compare their specifications and choose one according to your requirements and budget:
This is the top model in the Maruti Alto lineup. It is a great family car that is fun to drive in terms of trust, comfort, and fuel economy.
Engine Capacity | 796 cc |
Mileage | 19.7 kmpl |
Transmission | Manual |
Kerb Weight | 705 kg |
Fuel Tank Capacity | 35 litres |
Power | 46.3bhp@6200rpm |
Torque | 62Nm@3000rpm |
This is the base model in the Hyundai i20 lineup, delivering incredible engine performance and average running speed. Are you looking for the best 2nd hand cars in Mumbai under 2 Lakh? Hyundai i20 Era 1.2 is the best option available.
Engine Capacity | 1197 cc |
Mileage | 18.15 kmpl |
Transmission | Manual |
Kerb Weight | 1066 kg |
Fuel Tank Capacity | 37 litres |
Power | 82bhp@6000 rpm |
Torque | 114.7Nm@4200 rpm |
The top model in the Chevrolet Spark lineup is equipped with a 4-cylinder MPFI engine that delivers good fuel economy and performance with best-in-class looks and interiors.
Engine Capacity | 995 cc |
Mileage | 18 kmpl |
Transmission | Manual |
Kerb Weight | 840 kg |
Fuel Tank Capacity | 38 litres |
Power | 62bhp@5400 rpm |
Torque | 90Nm@4200 rpm |
Also, Read: Best Used Cars Under 2 Lakh in India
The top model in the i10 lineup, Magna 1.2, delivers a top speed of 165 kmph, making it the best vehicle for daily commutes. Equipped with an 1197 cc 4-cylinder petrol engine, it provides an outright performance and balanced ride.
Engine Capacity | 1197 cc |
Mileage | 15.4 kmpl |
Transmission | Manual |
Kerb Weight | 930 kg |
Fuel Tank Capacity | 37 litres |
Power | 82bhp@6000 rpm |
Torque | 114Nm@4000 rpm |
The top model in the City ZX lineup has an ultra-smooth engine with minimal maintenance needs and high operational performance.
Engine Capacity | 1497 cc |
Mileage | 12.8 kmpl |
Transmission | Manual |
Kerb Weight | 1107 kg |
Fuel Tank Capacity | 42 litres |
Power | 78bhp@5500rpm |
Torque | 125Nm@2700 rpm |
Top model in the Alto 800 lineup, this car delivers excellent performance and mileage, making it one of the most cost-efficient cars in Mumbai.
Engine Capacity | 796 cc |
Mileage | 31.5 kmpl |
Transmission | Manual |
Kerb Weight | 845 kg |
Fuel Tank Capacity | 60 litres |
Power | 40bhp@6000 rpm |
Torque | 60Nm@3500 rpm |
At the pinnacle of the Estilo lineup, this hatchback promises a seamless driving experience, offering not just a bump-free ride but also delivering impressive performance on the road.
Engine Capacity | 998 cc |
Mileage | 23.3 kmpl |
Transmission | Manual |
Kerb Weight | 845 kg |
Fuel Tank Capacity | 35 litres |
Power | 67bhp@6200 rpm |
Torque | 90Nm@3500 rpm |
Maruti Suzuki Wagon R LXi Minor is equipped with a 1061 cc, 4-cylinder inline engine, delivering impressive mileage and smooth performance.
Engine Capacity | 1061 cc |
Mileage | 18.9 kmpl |
Transmission | Manual |
Kerb Weight | 870 kg |
Fuel Tank Capacity | 35 litres |
Power | 67bhp@6200 rpm |
Torque | 84Nm@3500 rpm |
Are you looking for a modern car with superb proportions? This is a conventional hatchback with chic looks and extraordinary performance features.
Engine Capacity | 998 cc |
Mileage | 19 kmpl |
Transmission | Manual |
Kerb Weight | 865 kg |
Fuel Tank Capacity | 35 litres |
Power | 67.1bhp@6200 rpm |
Torque | 90Nm@3500 rpm |
Also, Read: 10 Used Cng & Automatic Cars Under 2 Lakhs in India 2023
Hyundai Santro GLS is equipped with comfort-oriented features like an air conditioner, heater, ample leg room, and internally adjustable rear-view mirrors.
Engine Capacity | 1086 cc |
Mileage | 17.92 kmpl |
Transmission | Manual |
Kerb Weight | 825 kg |
Fuel Tank Capacity | 35 litres |
Power | 62.1bhp@5500 rpm |
Torque | 96.1Nm@3000 rpm |
Also, Read: 7 Used Cars Under 1 Lakhs in India 2023: Top Picks
Have you selected the best used car under 2 Lakh down payment in Mumbai? Follow these steps to apply for used car finance from Hero FinCorp:
As the capital of Maharashtra, Mumbai is a bustling metropolitan city with a diverse economy and large population, significantly increasing the demand for second-hand cars in Mumbai for sale below 2 Lakh down payments. Recognising your aspirations, Hero FinCorp offers used car finance to help you with your dream of owning a good quality pre-owned car.
With a streamlined application process, you can apply for a Used Car Loan from the comfort of your home and purchase your desired vehicle at a fraction of the cost. Based on your eligibility, you can get up to a Rs 50 lakh loan at an attractive interest rate starting at 13.5% with a flexible repayment tenure of up to 60 months.
1. Where can I find used cars within this budget in Mumbai?
You can contact a second-hand car owner or approach a used car dealer in Mumbai to get a car within this budget.
2. How do I ensure the used car is in good condition?
Inspect the car mechanically and physically and take it for a test drive to ensure the used car is in good condition.
3. What is the typical interest rate for a used car loan in Mumbai?
Your used car interest rates depend on your eligibility, income, DTI ratio, repayment capacity, credit history, and other crucial parameters.
4. How much down payment do I need for a used car loan?
Lending institutions like Hero FinCorp finance as much as 175% of the used car purchase. However, the higher the down payment you make, the lower your debt burden and the easier it will be for the EMIs.
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.
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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