Prospective buyers in India actively seek SUVs that offer a combination of first-class features within the ₹15 lakh price range. Potential buyers have plenty of SUV choices to pick between rugged off-roaders and city-aligned cruisers.
This guide presents recommendations for the best 5 SUVs within the ₹15 lakh price range while providing loan suggestions and buying procedures alongside financial saving strategies. Right now, buying a new car is not much difficult anymore. Multiple loan companies and traditional banks are offering financial help. You must contact a business loan agent for help.
Options You Must Check If You Have Only a 15 Lakh Budget
Before choosing, one needs to understand the market of SUV cars, look for some prominent designs, and then make the call.
- Mahindra XUV300
The XUV300 includes reliable turbo engines and delivers multiple safety certifications to its customers. A modest-sized boot prevents this model from catching up with current interior design trends. The XUV300 W8 variation stands as the top selection because it costs ₹13.50 lakh.
- Maruti Suzuki Brezza
Customers choose the Maruti Brezza because of its trustworthy attributes alongside its 18–20 kmpl fuel economy and extensive service system network. The vehicle does not deliver an upscale feel at the same level as other competitive models. The Brezza ZXI+ AT variant represents the top selection because it provides remarkable value for money at ₹13.50 lakh.
- Tata Nexon
The Tata Nexon delivers 5-star Global NCAP safety together with turbocharged motors and a distinctive design. The vehicle maintains an occasional wooden ride quality. The top choice for purchase is the Nexon Fearless (S) Diesel MT because it costs approximately ₹13.50 lakh.
- Hyundai Venue
The Hyundai Venue provides features such as a sunroof and wireless charging with its smooth turbo petrol engine capability. The accessory space in the rear part of the vehicle proves somewhat small. A buyer should focus on the Venue SX(O) Turbo, which costs approximately ₹13 lakh.
- Kia Sonet
The Kia Sonet delivers an excellent interior finish while providing strong diesel power with first-class entertainment systems. The storage capacity of the boot falls in the average category. Buyers should select the HTX Diesel variant of the Sonet lineup because it represents the best value at ₹13.50 lakh.
Look for the Best Financing Options in India
Choosing the best financing option is necessary when you are going to buy a new SUV in this country.
- Choose a Loan Option
The interest rates for bank loans acquired from SBI, HDFC, and ICICI Bank currently range from 7.5% to 12%. Bajaj Finserv, alongside Tata Capital, delivers quick loan approvals through their NBFC operations but charges increased interest costs. When it comes to dealer-financed options, users should first consider comparing offers with traditional banking options.
- Importance of Car Loans
To secure improved interest rates, you must first focus on achieving a credit score greater than 750. Compare loan options on sites like BankBazaar or Paisabazaar. You should attempt to lower your purchase price through negotiation in order to decrease your monthly EMI payments. The combination of five years will help you maintain reasonable monthly payments while controlling total interest expenses. Use a reliable loan agent app for help.
- Can We Reduce the Loan Cost?
You can reduce your interest costs by making payments toward your loan whenever it is feasible. Take advantage of festival promotions that may provide both cash discounts and rate reductions on interest payments. Loan add-ons, including insurance or accessories, should never be combined as part of the financing because they raise the total debt.
Steps You Must Follow During the Process
The following steps are necessary when you have decided to buy an SUV.
- The simplified process enables anyone to purchase their desired SUV easily. Complete your first step by researching models on CarDekho and ZigWheels websites, then conduct test drives, which allow you to focus on comfort and features.
- You should check on-road prices through online calculators, then approach dealers to negotiate possible reductions in cost.
- Last of all, you must get a pre-approved loan and pay part of the purchase price in addition to finishing up all necessary documentation.
- Select a zero-depreciation insurance plan and choose day-of-registration when you buy from certain dealerships.
Learn about the models we have discussed in this blog and check the best financing options to fulfill your dream of having the best SUV.
