Prior to 1983, the year in which Maruti 800 was launched, India had no experience with hatchbacks. With the advent of the Maruti 800 things changed dramatically and almost every car manufacturer since then has commenced its India operation with the launch of a hatchback. The hatchbacks command a majestic 70% of the market share. They are the go-to vehicle for a large number of people because of their utility, convenience, durability, fuel efficiency and affordability. Most two-wheeler owners graduate to a low-end hatchback as their first car. In such a scenario, the used car market for hatchbacks is alive and kicking.
Even among lenders, the hatchback is among the most financed used cars helping the first car owner to acquire the hatchback quite easily. Tata Capital offers attractive schemes for extending secondhand car loan.
Before you approach Tata Capital for that used car loan you should look at the 5 suggestions made below for your choice of the hatchback for you.
Renault Kwid
The Kwid has done to Renault what the Maruti 800 or Alto has done to Maruti Suzuki. Kwid is the mainstay of the automaker and a relatively new entrant having been launched in 2015. The Kwid is a popular used car and perhaps commands a higher price than other used hatchbacks. The Kwid is available in 8 variants – from the 799cc base model to the 999cc automatic model. Apart from standard features, other features include gearshift indicator, engine immobilizer, airbags, 25kmpl fuel consumption and rugged looks. The used car price ranges from Rs 1-5 lakh.
Maruti Alto
After the success of Maruti 800, Maruti Suzuki repeated the success in launching the Alto, which has become the largest selling model in India for the last fifteen years consecutively. This entry-level hatchback is an excellent first car to own for its performance, good looks, low maintenance, driving comfort and choice of engines running on petrol and CNG. The price of used cars is available at a low price of Rs 80,000 and can go up to Rs3.5 lakh. All in all, an excellent choice for the budget-conscious first-time buyer graduating to cars from a two-wheeler!
Hyundai Grand i10
Post the success of Santro, Hyundai launched its i10 model in 2007 and so far introduced 3 generations of i10 cars. The i10 is a good entry-level hatchback to own for a number of reasons. It has a more powerful 1186cc engine than the 800cc models. It is available in petrol, diesel and CNG variants with a host of features that grace its 13 variants from the basic Asta to the feature-rich and high-end Sports Option AT. The price can range from Rs 3.75 lakh to Rs 6.95 lakh as compared to the equivalent new model price of Rs 4.98 lakh to Rs 7.99 lakh. Hyundai is the second-largest brand in India after Maruti Suzuki and owning a Hyundai Grand i10 is a good beginning.
Maruti Swift
Along with the Maruti 800 and the Alto the Maruti Swift is the third superlative model from the Suzuki stable. This phenomenal car was launched in 2005 in the petrol variant followed by the diesel variant in 2007. The Swift hosts a 1248cc diesel engine or a 1197cc petrol engine. It is available as a 5-seater hatchback in manual and automatic transmission. Fuel consumption ranges from 22 to 28.4kmpl. The Swift is among the most popular used cars in India and is a worthwhile acquisition for first-time buyers or those who want to graduate to a higher model. The Swift is available in a wide price range starting from Rs 1.05 lakh for a 2006 model to Rs 6.95 lakh for a 2018 model.
Volkswagen Polo
The Volkswagen Polo is perhaps the pioneer as far as premium hatchback car in India is concerned. Launched in 2010, this car is known for its build quality and smooth ride handling. It sports a 999cc engine for the petrol version and a 1498cc for the diesel version. The Polo comes with a number of contemporary features that VW is known for. The Polo is still considered a premium hatchback and it is available in a price range of Rs 2.2 lakh for a 2010 model and Rs 7.7 lakh for a 2018 model. The Polo is a great buy for most car lovers.
With the above recommendations in mind you can zero in on the car you would like to own and proceed to Tata Capital to avail a secondhand car loan with some attractive offers that you can’t refuse.