8 Used Cars with Installments Around Rp1 Million, Great for Families

Cars are no longer a luxury but a necessity. Taking the kids to school, commuting to work, bringing the family on vacation, and supporting a daily business are all easier with a private vehicle. The problem is that not everyone is ready to take on a large monthly installment.

Today, a used car with a monthly installment of around Rp1 million is no longer just a dream. With the right type of vehicle, a suitable down payment, and a well-matched loan tenor, you can bring home a quality used car without straining your monthly budget. This article covers used car recommendations with affordable installments, credit simulations, and the requirements for applying for used car financing. Read on!

8 Used Car Recommendations with Installments of Around Rp1 Million

Below is our review of used cars with installments of around Rp1 million, from the Toyota Agya to the Nissan March. We hope this article helps you before you buy your dream car!

1. Toyota Agya (2017 or Older)

The Toyota Agya comes with two engine options: 1.0L (1,000 cc) and 1.2L (1,200 cc). The 1.0L engine is more fuel-efficient, making it well suited for daily use within the city. If you travel often, such as taking trips out of town, the 1.2L Agya is a better choice thanks to its greater torque and power.

The Toyota Agya is also equipped with Electric Power Steering (EPS), which makes the steering lighter. Drivers do not need to exert much effort when parking or driving at low or high speeds.

Used Toyota Agya models from 2017 or older are priced at around Rp90–140 million. If you buy on credit, this model has an estimated monthly installment of around Rp1.9 million with a 5-year tenor and a 10% down payment.

2. Toyota Calya (2016 or Older)

Moving on to 7-seater cars, the Toyota Calya is also an attractive alternative for your dream car. This MPV is well suited for families. With its spacious cabin and reliable 1.2L Dual VVT-i engine, it makes your family trips more comfortable and enjoyable.

Features such as power steering and power windows also make driving easier, helping you stay focused on the road.

The on-the-road (OTR) price of a used Toyota Calya from 2016 or older ranges from Rp85–120 million. Monthly installments start from Rp1.9 million with a 5-year tenor and a 10% down payment.

3. Daihatsu Ayla (2018 or Older)

The next used car recommendation with installments of around Rp1 million is the Daihatsu Ayla from 2018 or older. The Daihatsu Ayla is a 5-seater city car with a minimalist design, which makes driving feel light and nimble.

The OTR price of a used Daihatsu Ayla is currently around Rp74–135 million. If you choose to buy on credit, the estimated monthly installment is Rp1.7 million, with a 5-year tenor and a 10% down payment.

4. Daihatsu Sigra (2017 or Older)

Besides its 5-seater cars, Daihatsu also has a flagship 7-seater, the Sigra. The Daihatsu Sigra can be considered a rival to the Toyota Calya in terms of features and design.

With its double-blower air conditioning, cool air is distributed evenly throughout the cabin. One unit is located on the front dashboard, and the other is located in the middle, between the first and second rows of seats.

Another standout feature of the Daihatsu Sigra is its Anti-lock Braking System (ABS), which helps prevent the car from skidding on slippery roads or during sudden braking.

The OTR price of a used Daihatsu Sigra on the market is around Rp80–120 million. Monthly installments are around Rp1.8 million with a 5-year tenor and a 10% down payment.

5. Daihatsu Sirion (2017 or Older)

The fifth used car recommendation with installments of around Rp1 million also comes from Daihatsu: the Sirion. In terms of engine capacity, the Daihatsu Sirion has a larger engine than other LCGC (Low Cost Green Car) models, at 1.3L DOHC VVT-i. This makes the Sirion more powerful, especially when carrying heavy loads.

The Daihatsu Sirion's interior is also more premium and spacious than its rivals in the same class. Like other LCGC cars, the Sirion is equipped with power steering and power windows.

With an OTR price of Rp85–135 million, the Daihatsu Sirion can be a good choice for a quality used car. Its monthly installments are also relatively light, starting from Rp1.9 million with a 5-year tenor and a 10% down payment.

6. Honda Brio Satya (2015 or Older)

The Honda Brio Satya was once a favorite in the LCGC segment. With its attractive exterior, fairly complete features, and capable engine performance, it has been one of the most sought-after Honda models for several years in a row. As a result, it holds good resale value because demand remains high.

The engine capacity is 1.2L SOHC i-VTEC, suitable for driving both in the city and out of town. Its minimalist yet fairly luxurious interior makes the Honda Brio stand out in its class.

Currently, the OTR price of the Honda Brio ranges from Rp85–130 million, with monthly installments starting from Rp1.9 million with a 5-year tenor and a 10% down payment.

7. Datsun GO (2019 or Older)

The Datsun GO, an LCGC car from Japan, is another used car option with installments of around Rp1 million besides Honda and Daihatsu. The Datsun GO has a 1.2L engine with 3 cylinders, unlike other LCGC cars that have 4 cylinders. This makes the engine lighter and potentially more fuel-efficient than other LCGC cars.

The OTR price of a Datsun GO from 2019 or older ranges from Rp69–100 million, with an estimated installment of Rp1.6 million per month for a 5-year tenor and a 10% down payment.

8. Nissan March (2017 or Older)

The last used car with installments of around Rp1 million is the Nissan March. This car features a compact hatchback design and a modern look. The engine options are fairly large for its class, at 1.2L and 1.5L.

The Nissan March comes with a standard air conditioner and audio system, consisting of one standard AC blower and 2 to 4 standard speakers.

The current OTR price of the Nissan March ranges from Rp75–118 million, with an estimated installment of Rp1.7 million for a 5-year tenor and a 10% down payment.

Table of Used Car Recommendations with Installments of Around Rp1 Million

Disclaimer: The table and reviews above are estimates, not absolute calculations. OTR prices may vary by region, and monthly installment amounts may differ for each debtor, depending on the results of the debtor's creditworthiness assessment.

Requirements for Applying for Used Car Financing

Once you have decided which car to buy, here are the application requirements if you choose to purchase a used car on credit at BFI Finance.

Debtor Requirements

• Indonesian citizen (WNI).
• Aged 21–60 years.
• Residential status: own home, spouse's home, family home, annual lease, or company-provided housing.
• Not limited to any type of business or profession, except those that violate the law.

Eligible Vehicle Requirements

• Vehicle types include sedans, jeeps, minibuses, and commercial vehicles such as pickups, double-cabin trucks, and angkot (public minivans).
• Not limited by brand (all brands accepted).
• Maximum vehicle age is 17 years for sedans, jeeps, and minibuses.
• Maximum vehicle age is 10 years for commercial vehicles (pickups, double cabins, trucks, angkot).

Document Requirements for BFI Finance Used Car Financing

The following requirements apply to prospective debtors who are employees or self-employed:

• ID card (KTP) of the applicant and spouse (if married)
• Family Card (KK) or marriage certificate (if married)
• Property tax (PBB) for the last 2 years or electricity bill for the last 6 months (any single month)
• Applicant's tax ID (NPWP)
• Employees only: if living in company-provided housing, please attach a letter of residence
• Employees only: attach the original payslip for the last 3 months (any single month) and company ID card
• Self-employed only: attach SIUP/TDP/company deed/business permit/practice permit

Easy Steps to Apply for Used Car Financing at BFI Finance

1. Visit a Showroom of Your Choice

Visit one of the used car showrooms partnered with BFI Finance, located across 45 branches throughout Indonesia. You can consult directly with the showroom team to find a unit that suits your needs.

2. Choose a Used Car

Decide on the used car that suits you best in terms of brand, production year, condition, and price within your budget.

3. Apply for Financing at BFI Finance

Once the unit has been chosen, prepare the required application documents: ID card (KTP), Family Card (KK), tax ID (NPWP), proof of home ownership, and bank statements. Complete documents will speed up the verification process.

4. Survey Process

The BFI Finance team will conduct a survey to verify the prospective debtor's data and circumstances, ensuring the application's eligibility in accordance with company policy.

5. Approval and Unit Handover

Once the application is approved, the showroom will hand the car over to you, and your dream car is ready to use.

Make Your Dream Car a Reality with BFI Finance

So, have you found a used car that fits your budget? It's time to make it happen with used car financing at BFI Finance! With thousands of partner used car showrooms across 45 branches throughout Indonesia, you don't need to worry about finding the right unit for your budget and needs.

Another benefit of financing your used car with BFI Finance is that you will receive a 1-year used car warranty from Otospector. This warranty covers maintenance of the engine components, air conditioning, and transmission. On top of that, take advantage of the 0% interest rate promo with a down payment starting from 50% to make your installments even lighter! Don't delay: contact BFI Finance's official used car financing WhatsApp at 081958644407 now for more information and to apply.

BFI Finance is licensed and supervised by the Financial Services Authority (OJK).

This article is a collaboration between BFI Finance and Otospector.