{"id":545027,"date":"2026-10-16T16:42:18","date_gmt":"2026-10-16T11:12:18","guid":{"rendered":"https:\/\/www.spinny.com\/blog\/?p=545027"},"modified":"2026-10-16T16:43:08","modified_gmt":"2026-10-16T11:13:08","slug":"how-to-buy-a-used-hyundai-i20-on-loan","status":"publish","type":"post","link":"https:\/\/www.spinny.com\/blog\/how-to-buy-a-used-hyundai-i20-on-loan\/","title":{"rendered":"How to Buy a Used Hyundai i20 on Loan"},"content":{"rendered":"\n<p>A used Hyundai i20 purchased through financing can provide an affordable and well-equipped hatchback without paying the full price upfront. With an open cabin space, different options for petrol engines and many choices of gearboxes, it is a hit among buyers looking to get a car for their commuting and family-related needs. Going for a second-hand option will allow buyers to get a variety of models in the same budget. Yet, an old Elite i20 differs from a new turbo automatic version in terms of the ownership experience. The article will help in comparing prices, evaluating EMIs, making a down payment and purchasing the suitable i20 from Spinny.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#used-hyundai-i-20-price-range-in-india\">Used Hyundai i20 Price Range in India<\/a><\/li><li><a href=\"#which-i-20-offers-good-value-for-a-loan-buyer\">Which i20 offers good value for a loan buyer?<\/a><\/li><li><a href=\"#used-hyundai-i-20-emi-calculation\">Used Hyundai i20 EMI Calculation<\/a><\/li><li><a href=\"#how-much-down-payment-do-you-need\">How Much Down Payment Do You Need?<\/a><\/li><li><a href=\"#step-by-step-process-to-buy-a-used-hyundai-i-20-on-loan\">Step-by-Step Process to Buy a Used Hyundai i20 on Loan<\/a><\/li><li><a href=\"#summary\">Summary<\/a><\/li><li><a href=\"#frequently-asked-questions\">FAQs about Buying a Used Hyundai i20 on Loan<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"used-hyundai-i-20-price-range-in-india\"><strong>Used Hyundai i20 Price Range in India<\/strong><\/h2>\n\n\n\n<p>Used <a href=\"https:\/\/www.spinny.com\/cars\/hyundai\/i20\/?utm_source=LoanonBuyingaUsedi20&amp;utm_medium=BlogLink\">Hyundai i20<\/a> prices depend on the generation, engine, transmission, variant and condition. Kilometres, ownership history and city also influence the asking price. Start by identifying the version you want, then compare similar cars rather than treating every i20 listing as equivalent.<\/p>\n\n\n\n<p>The table below shows indicative spans from Spinny petrol listings across cities.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Model year<\/strong><\/td><td><strong>Variant \/ fuel type<\/strong><\/td><td><strong>Approximate price range (Rs)<\/strong><\/td><\/tr><tr><td>2018<\/td><td>Elite i20 Magna Executive, Sportz, Asta and Asta (O); 1.2-litre petrol, manual \/ CVT<\/td><td>Rs 3.6\u20136.1 lakh<\/td><\/tr><tr><td>2020<\/td><td>Elite i20 Magna Plus and Sportz Plus; 1.2-litre petrol manual<\/td><td>Rs 4.4\u20136.8 lakh<\/td><\/tr><tr><td>2022<\/td><td>Sportz and Asta (O); 1.2-litre petrol manual \/ IVT and 1.0-litre turbo DCT<\/td><td>Rs 5.3\u20139.2 lakh<\/td><\/tr><tr><td>2024<\/td><td>Sportz, Sportz (O) and Asta (O); 1.2-litre petrol, manual \/ IVT<\/td><td>Rs 7.0\u20139.8 lakh<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Price references evaluated on October 16, 2026. These are indicative asking-price ranges only, not national market ranges or live quotes. The price may change with availability, discounts and additional costs.<\/p>\n\n\n\n<p>These examples exclude diesel and N Line versions. They also show why a model-year price range needs context: a manual Sportz and an automatic Asta can differ considerably in equipment and cost.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"which-i-20-offers-good-value-for-a-loan-buyer\"><strong>Which i20 offers good value for a loan buyer?<\/strong><\/h2>\n\n\n\n<p>A well-kept i20 from 2021\u20132023 makes a good benchmark for comparing prices versus age. For daily usage, you can look at the 1.2-litre petrol manual and IVT automatic. The Sportz model may be worth considering if it has all the features you require and won&#8217;t lead to over-borrowing.<\/p>\n\n\n\n<p>Consider Asta or Asta (O) when the additional features justify the price. Check equipment on the specific car because trim names do not guarantee identical specifications across years. Service history and condition should carry more weight than a longer feature list.<\/p>\n\n\n\n<p>Hyundai launched the third-generation i20 in India on 5 November 2020, so a vehicle registered in 2020 could either be the Elite i20 or the new i20 version. A facelift was introduced on 8 September 2023. It dropped the 1.0-litre turbo-petrol from the regular i20 (the engine continued on the N Line) and made six airbags standard. Please check the manufacturing details and model before looking at the price or financing options.<\/p>\n\n\n\n<p>Browse our used <a href=\"https:\/\/www.spinny.com\/cars\/hyundai\/?utm_source=LoanonBuyingaUsedi20&amp;utm_medium=BlogLink\">Hyundai<\/a> cars to explore options in your city. If you prefer the sportier N Line, compare it separately and decide whether its performance-focused package fits your budget and driving needs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"used-hyundai-i-20-emi-calculation\"><strong>Used Hyundai i20 EMI Calculation<\/strong><\/h2>\n\n\n\n<p>EMI stands for Equated Monthly Instalment, and it indicates the amount of money you pay back every month. The EMI amount actually depends upon the loan amount, interest rate and tenure of the loan. A larger down payment means a lower loan amount, and longer tenure means the repayment period is spread over a longer number of months.<\/p>\n\n\n\n<p>The examples below assume a 20% down payment and 14% annual interest on a monthly reducing balance. Interest is charged on the outstanding principal as you repay it. These car prices are illustrative budgeting amounts rather than quotes for particular listings. Spinny&#8217;s <a href=\"https:\/\/www.spinny.com\/used-car-loan\/?utm_source=LoanonBuyingaUsedi20&amp;utm_medium=BlogLink\">used car loan<\/a> interest rates typically range from 13% to 18.5%, depending on your credit profile and the car.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Car price<\/strong><\/td><td><strong>Down payment<\/strong><\/td><td><strong>Loan amount<\/strong><\/td><td><strong>Tenure<\/strong><\/td><td><strong>Approximate EMI<\/strong><\/td><\/tr><tr><td>Rs 4,50,000<\/td><td>Rs 90,000<\/td><td>Rs 3,60,000<\/td><td>3 years<\/td><td>Rs 12,304<\/td><\/tr><tr><td>Rs 4,50,000<\/td><td>Rs 90,000<\/td><td>Rs 3,60,000<\/td><td>5 years<\/td><td>Rs 8,377<\/td><\/tr><tr><td>Rs 6,50,000<\/td><td>Rs 1,30,000<\/td><td>Rs 5,20,000<\/td><td>3 years<\/td><td>Rs 17,772<\/td><\/tr><tr><td>Rs 6,50,000<\/td><td>Rs 1,30,000<\/td><td>Rs 5,20,000<\/td><td>5 years<\/td><td>Rs 12,099<\/td><\/tr><tr><td>Rs 8,50,000<\/td><td>Rs 1,70,000<\/td><td>Rs 6,80,000<\/td><td>3 years<\/td><td>Rs 23,241<\/td><\/tr><tr><td>Rs 8,50,000<\/td><td>Rs 1,70,000<\/td><td>Rs 6,80,000<\/td><td>5 years<\/td><td>Rs 15,822<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Actual rates, sanctioned figures, and possible periods are determined by the lending institution, the profile of the person borrowing, and the car chosen. These figures do not include the fee for processing, insurance, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"check-the-total-interest-alongside-the-emi\">Check the total interest alongside the EMI<\/h3>\n\n\n\n<p>For the Rs 6.5 lakh example, extending the loan from three to five years reduces the EMI by approximately Rs 5,673. However, total interest increases from about Rs 1.20 lakh to Rs 2.06 lakh. You pay roughly Rs 86,200 more in interest over the longer repayment period.<\/p>\n\n\n\n<p>A shorter term will save you on interest charges provided that the higher payment fits into your budget. You should include allowances for fuel costs, insurance charges, maintenance and other commitments before settling on what you can afford. Spinny offers loan tenures from 1 to 7 years, depending on the lender and the car&#8217;s age.<\/p>\n\n\n\n<p>Use the Spinny used car <a href=\"https:\/\/www.spinny.com\/used-car-loan-emi-calculator\/?utm_source=LoanonBuyingaUsedi20&amp;utm_medium=BlogLink\">EMI calculator<\/a> to compare loan amounts and repayment periods. Enter your offered rate once available and confirm whether it uses reducing-balance or flat-rate interest. Compare the complete repayment cost rather than relying only on the advertised percentage.<\/p>\n\n\n\n<p><strong>Also Read: <\/strong><a href=\"https:\/\/www.spinny.com\/blog\/car-loan-emi-calculator-calculate-your-monthly-car-payment-in-2026\/\">Car Loan EMI Calculator: Calculate Your Monthly Car Payment in 2026<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-much-down-payment-do-you-need\"><strong>How Much Down Payment Do You Need?<\/strong><\/h2>\n\n\n\n<p>The down payment for your used i20 depends on the difference between the price of the vehicle and the loan amount that has been approved for your application. Loan-to-value refers to the proportion of the price that the lender is willing to fund.<\/p>\n\n\n\n<p>For budgeting, compare funding of 80\u201390% of that value. If an i20 costs Rs 6.5 lakh and the lender values it at the same amount, your contribution would look like this:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Illustrative funding level<\/strong><\/td><td><strong>Loan amount<\/strong><\/td><td><strong>Contribution towards car price<\/strong><\/td><\/tr><tr><td>80%<\/td><td>Rs 5,20,000<\/td><td>Rs 1,30,000<\/td><\/tr><tr><td>85%<\/td><td>Rs 5,52,500<\/td><td>Rs 97,500<\/td><\/tr><tr><td>90%<\/td><td>Rs 5,85,000<\/td><td>Rs 65,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>We support qualified buyers in getting loans covering up to 100% of the vehicle&#8217;s price through our 18 finance partners, depending on the financing partner and the credit evaluation process. Approval is not guaranteed, and full funding of the price may not cover additional costs such as optional add-ons or delivery-related charges.<\/p>\n\n\n\n<p>The valuation can change your contribution. Suppose the i20 costs Rs 6.5 lakh, but the lender values it at Rs 6 lakh. Funding at 85% would provide Rs 5,10,000, leaving Rs 1,40,000 for you to pay towards the car price, before additional costs.<\/p>\n\n\n\n<p>Older vehicles may have lower LTV ratios and shorter loan tenures. Check the eligibility for financing of the specific i20 model before making assumptions that the less expensive vehicle will come with lower EMIs. A higher down payment will lead to lower interest payments, but it is advisable to set aside some money for maintenance and other purposes.<\/p>\n\n\n\r\n    <style>\r\n        .sp-card-wrapper { \r\n            margin: 40px auto; \r\n            border-radius: 20px; \r\n            overflow: hidden; \r\n            font-family: sans-serif; \r\n            background: #fff; \r\n            box-shadow: 0 15px 40px rgba(0,0,0,0.18); \r\n            max-width: 700px; \/* Narrower width makes the stack feel tighter *\/\r\n            text-decoration: none;\r\n            display: block;\r\n            width: 100%;\r\n        }\r\n        .sp-img-container { \r\n            width: 100%; \r\n            position: relative;\r\n            padding-top: 56.25%; \/* Fixed 16:9 ratio for a cinematic feel *\/\r\n            background: #f4f4f4;\r\n        }\r\n        .sp-img-container img {\r\n            position: absolute; top: 0; left: 0; width: 100%; height: 100%; object-fit: cover;\r\n        }\r\n        .sp-footer { \r\n            padding: 30px; \r\n            background: #2e054e; \r\n            color: #fff !important; \r\n            text-align: center; \/* Centered layout for the stack *\/\r\n            display: flex;\r\n            flex-direction: column;\r\n            align-items: center;\r\n            gap: 15px;\r\n        }\r\n        .sp-card-title { \r\n            font-size: clamp(28px, 5vw, 42px); \/* Much larger, prominent name *\/\r\n            margin: 0; \r\n            font-weight: 800; \r\n            color: #fff !important; \r\n            line-height: 1.1;\r\n            letter-spacing: -1px;\r\n        }\r\n        .sp-btn { \r\n            background: #ed264f; \r\n            padding: 18px 40px; \r\n            border-radius: 10px; \r\n            font-weight: 900; \r\n            color: #fff !important; \r\n            font-size: 16px; \r\n            text-transform: uppercase; \r\n            letter-spacing: 1px; \r\n            width: 100%;\r\n            max-width: 300px; \/* Prevents button from being too wide on desktop *\/\r\n            box-sizing: border-box;\r\n            box-shadow: 0 4px 15px rgba(237, 38, 79, 0.3);\r\n        }\r\n    <\/style>\r\n\r\n    <a href='https:\/\/www.spinny.com\/used-i20-cars\/s\/?utm_source=LoanonBuyingaUsedi20&utm_medium=BlogCard' target='_blank' class='sp-card-wrapper'>\r\n        <div class='sp-img-container'>\r\n            <img src='https:\/\/assets.spinny.com\/sp-file-system\/public\/2026-07-05\/8558074b2a7e46319802b319fdd29358\/raw\/file.JPG?q=85' alt='Used Hyundai i20 Cars'>\r\n        <\/div>\r\n        \r\n        <div class='sp-footer'>\r\n            <h3 class='sp-card-title'>Used Hyundai i20 Cars<\/h3>\r\n            <div style='margin-bottom: 5px;'>\r\n                        <div style='font-size: 12px; opacity: 0.8; text-transform: uppercase; letter-spacing: 0.5px;'>Starting From<\/div>\r\n                        <div style='font-size: clamp(24px, 4vw, 32px); font-weight: 800;'>\u20b9 4 Lakh<\/div>\r\n                      <\/div>\r\n            <div class='sp-btn'>Explore Pre-Owned Cars<\/div>\r\n        <\/div>\r\n    <\/a>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"step-by-step-process-to-buy-a-used-hyundai-i-20-on-loan\"><strong>Step-by-Step Process to Buy a Used Hyundai i20 on Loan<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-1-set-your-purchase-and-repayment-budgets\">Step 1: Set your purchase and repayment budgets<\/h3>\n\n\n\n<p>Decide what you can contribute upfront without using all your savings. Then establish a monthly EMI limit after household spending, existing loans and regular savings commitments. Include fuel, insurance, servicing and parking in your ownership budget.<\/p>\n\n\n\n<p>For instance, Rs 12,099 is only for the monthly instalment in the example mid-case loan. Ask for the full purchase cost before applying for a loan, so you know what you will pay in addition to the amount financed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-2-shortlist-the-engine-and-gearbox-you-want\">Step 2: Shortlist the engine and gearbox you want<\/h3>\n\n\n\n<p>Select your city on Spinny and filter listings by budget, year, fuel and transmission. Compare manufacturing details, kilometres, owners and the inspection information. Check whether the listing describes an Elite i20, a newer i20 or an N Line.<\/p>\n\n\n\n<p>Automatic transmissions comprise CVT in select versions of the Elite i20, IVT in the modern 1.2-litre petrol engine, and DCT in the selected turbo-petrol versions. IVT denotes the continuously variable automatic transmission, while DCT signifies the dual-clutch transmission. Some 2020\u20132023 turbo-petrol versions came with iMT, a manual transmission that requires no clutch-pedalling. Confirm the type of gearbox before making a purchase. The i20&#8217;s 1.5-litre diesel was discontinued in 2023, so diesel cars are older examples and should be evaluated for local usage conditions as well as checked for maintenance history.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-3-test-drive-and-review-the-cars-condition\">Step 3: Test drive and review the car&#8217;s condition<\/h3>\n\n\n\n<p>Book a test drive at a Spinny hub or choose a home test drive where available. Check seating comfort, visibility, rear-seat space and luggage capacity against your usual journeys.<\/p>\n\n\n\n<p>The brakes, steering, suspension, and air conditioning should be reviewed. In a manual transmission vehicle, the clutch and gear functionality should be assessed, whereas for the automatic, the process of starting and driving in traffic should be examined. Questions about service history, repairs, and upcoming service should be asked of our staff beforehand. Make sure to check the functionality of features such as the camera, infotainment system, and sunroof and the tyre status.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-4-reserve-your-chosen-i-20\">Step 4: Reserve your chosen i20<\/h3>\n\n\n\n<p>Once satisfied, use the booking option on the website or app. Read the deposit amount, holding period, refund conditions and cancellation terms displayed for your selected car before paying.<\/p>\n\n\n\n<p>Please keep the proof of payment and verify the deposit adjustment with the purchase. Inquire about the financing timeline with our department, especially in case approval may take more than the reservation period. The booking of the i20 does not guarantee the loan approval. If you return the car within Spinny&#8217;s 5-day money-back period, the loan is cancelled, your down payment is refunded and Spinny bears any additional charges.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-5-submit-your-finance-application\">Step 5: Submit your finance application<\/h3>\n\n\n\n<p>Share your preferred down payment and tenure with our team. Eligibility considers income, credit score, previous credit and banking history, and residence ownership type. The car must also meet the finance partner&#8217;s requirements. As a guide:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Salaried applicants: aged 21\u201360, with a minimum income of Rs 1.8 lakh a year and at least one year of continuous employment.<\/li>\n\n\n\n<li>Self-employed applicants: aged 25\u201365, with a minimum income of Rs 2.5 lakh a year.<\/li>\n<\/ul>\n\n\n\n<p>Commonly requested documents include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PAN card and Aadhaar card.<\/li>\n\n\n\n<li>Address proof.<\/li>\n\n\n\n<li>Passport-size photographs and signature proof.<\/li>\n\n\n\n<li>Salary slips for the last 3 months or Form 16 (salaried), or income tax returns for the last 2 financial years (self-employed).<\/li>\n\n\n\n<li>Last 3 months of bank statements.<\/li>\n<\/ul>\n\n\n\n<p>Requirements differ by occupation, lender and the amount of credit requested. Provide documents that clearly indicate the required information and be ready to provide additional data if necessary. You will be issued a positive response or denied credit after examination of submitted documents.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-6-compare-the-complete-finance-offer\">Step 6: Compare the complete finance offer<\/h3>\n\n\n\n<p>Review the approved second-hand i20 loan, including its principal, annual interest rate, calculation method, tenure, EMI and total repayment. Ask for processing fees and other charges in writing. Confirm which costs are payable upfront or included in the loan.<\/p>\n\n\n\n<p>You should also check in advance whether part-prepayment and early closure are allowed, and what foreclosure charges the finance partner applies. Apart from financing through Spinny, you can also arrange a loan independently. When comparing offers made by different lenders, you should refer to the same sum and duration of loans in order to be able to estimate the real cost.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-7-complete-payment-insurance-and-delivery\">Step 7: Complete payment, insurance and delivery<\/h3>\n\n\n\n<p>After approval, complete the agreement and repayment instructions. Coordinate your contribution and the lender&#8217;s disbursement with our team. Confirm the first EMI date and the account used for repayments.<\/p>\n\n\n\n<p>For a vehicle financed using Spinny, comprehensive insurance needs to be in place, and it&#8217;s necessary to check whether the current policy can be transferred. Once everything is cleared with the policy&#8217;s insurer, initiate the delivery process. Keep the invoice and insurance policy, as well as loan documents.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-8-track-ownership-transfer-and-hypothecation\">Step 8: Track ownership transfer and hypothecation<\/h3>\n\n\n\n<p>We initiate the RC transfer by submitting the required documents to the RTO. Provide requested paperwork and attend verification if needed. Track progress through your Spinny account or app and check the updated registration details when available.<\/p>\n\n\n\n<p>By means of hypothecation, a lender&#8217;s interest gets recorded against the RC. Once repayment is done, collect the closure documents (NOC and Form 35) from the lender and ensure that the lender&#8217;s interest is removed. Choosing the right i20 and understanding the financial offer ensures that you start owning the car with a proper understanding of the initial payments and future payments.<\/p>\n\n\n\n<p><strong>Also Read: <\/strong><a href=\"https:\/\/www.spinny.com\/blog\/buy-used-cars-with-spinny-loans-flexible-financing\/\">Buy Used Cars with Spinny Loans: Flexible Financing<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"summary\"><strong>Summary<\/strong><\/h2>\n\n\n\n<p>A used Hyundai i20 suits buyers who want a well-equipped hatchback on finance. Spinny prices run from about Rs 3.6 lakh for a 2018 Elite i20 to about Rs 9.8 lakh for a 2024 IVT automatic. As an example, a Rs 6.5 lakh i20 with 20% down at 14% interest costs about Rs 17,772 a month over 3 years or Rs 12,099 over 5 years. The shorter loan saves about Rs 86,200 in interest. This guide explains how to tell the Elite i20 apart from the third-generation and 2023 facelift models, and how to choose between the CVT, IVT, DCT and iMT gearboxes. It also covers how EMI and down payment change, and Spinny&#8217;s steps from shortlisting to RC transfer, including 100% funding for eligible buyers and the 5-day money-back period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"frequently-asked-questions\"><strong>FAQs about Buying a Used Hyundai i20 on Loan<\/strong><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. Can I buy a used Hyundai i20 on Spinny with zero down payment?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Yes, for eligible buyers. Spinny can arrange funding of up to 100% of the car&#8217;s price through its finance partners, depending on your credit profile, income and the car&#8217;s age and value. Add-ons and some charges may still be payable separately.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. What interest rate will I get on a used i20 loan through Spinny?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Spinny&#8217;s used car loan rates typically range from 13% to 18.5% a year, based on your credit score, income profile and the chosen car. You can check eligibility online without affecting your credit score.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. How do I tell an Elite i20 from the newer i20?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">The Elite i20 was sold until 2020. The third-generation i20 launched in November 2020 and was facelifted in September 2023. Cars registered in 2020 could be either, so check the model name and manufacturing date on the Spinny listing and inspection report.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. Which automatic i20 should I choose: CVT, IVT or DCT?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Older Elite i20 automatics use a CVT. Newer 1.2-litre petrol cars use the IVT, which suits relaxed city driving. The DCT came with the 1.0-litre turbo-petrol and feels quicker. Book a free test drive at a Spinny hub or at home to compare them.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. Which documents do I need for a used i20 loan?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Salaried applicants need KYC, photographs, salary slips for the last 3 months or Form 16, and 3 months of bank statements. Self-employed applicants need ITRs for the last 2 financial years instead of salary slips.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. What happens to my loan if I return the i20 within Spinny&#8217;s 5-day money-back period?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">The loan is cancelled and your down payment is refunded. Spinny covers any additional charges.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>A used Hyundai i20 purchased through financing can provide an affordable and well-equipped hatchback without paying the full price upfront. 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