If you are also planning to buy your own car but your salary is very low, then this news can prove to be useful for you. Actually, now even if your salary is 25 or 30 thousand, you can still fulfill your dream of buying your own car. There are many low-budget cars available in the Indian market. You can get this car in low EMI and you will not have to pay such a huge down payment. Here we have brought for you a list of some affordable, stylish and mileage great cars, whose price (Cars Under 5 Lakhs) is less than Rs 5 lakh.
Cars under 5 lakhs Maruti Suzuki Alto K10- Price: Starting at ₹4.5 Lakh
- Mileage: 24-25kmpl
- With low maintenance and great mileage, this car is best for small families and city driving.
- Price: Starting at ₹5.2 Lakh
- Mileage: 22-24 kmpl
- With stylish looks, digital instrument cluster and powerful performance, this car is a great option in the entry-level segment.
- Price: Starting at ₹5.3 Lakh
- Mileage: 24-26 kmpl
- Due to the mini SUV look and high ground clearance, this car performs well even on bad roads.
- Price: Starting at ₹5.6 Lakh
- Mileage: 20-23 kmpl
- With excellent safety features (4-star GNCAP rating) and strong performance, this car is a great option.
- Price: Starting at ₹5.5 Lakh
- Mileage: 20-22 kmpl
- With comfortable seating, great features and powerful engine, this car is a great option in a low budget.
- Down payment: Paying ₹1-2 lakh will reduce the EMI.
- EMI Plan: With a salary of ₹30,000, EMI of ₹6,000-₹8,000 can be easily managed.
- CNG Option: If you want mileage and savings, then choose the CNG variant.
Apart from these vehicles, if you buy any vehicle with an on-road price of Rs 4.5 lakh and make a down payment of Rs 1 lakh, you will have to take a loan of Rs 3,55,254. You get this loan at 9 percent interest and that too for 7 years, so your monthly installment will be around Rs 5,176. In such a situation, you can buy a good car even with a salary of Rs 30,000.
