used cars for sale in sri lanka

What are the best selling vehicles in Sri Lanka for this year? We made a list to fit all budget ranges and of course, we added the best used cars for sale in sri lanka.

What are the best selling vehicles in Sri Lanka for this year? We tested over 10,000 vehicles in order to come up with a list of the top ten best selling vehicles in Sri Lanka. In addition, we added the list of used cars for sale in sri lanka and used cars for sale under 100,000 to our list as well. Our listing is separated into three categories: 1) luxury used cars for sale in sri lanka 2) sports cars for sale in sri lanka and 3) used hatchbacks and sedans under 100,000 rupees.

It is that time of the year again – when we take a look at the best new and used cars for sale in Sri Lanka. We haven’t done this for some time now, but it’s high time. We made a list to fit all budget ranges as well as to include all car types – be it sedans, SUVs, hatchbacks, sports cars or off-roaders. It doesn’t matter what class you are looking in, we’ve got something for everyone. Best thing about it is that these are all available for immediate delivery.

best selling vehicles in Sri Lanka


used cars for sale in sri lanka

06. Alto 800
The ideal small car to beat the traffic in Colombo. Comes with all the basic options. During July, there were 1,331 brand-new cars registered, of which half or 663 were Maruti Altos.  

Price range (Unregistered)Rs, 2 Million to 2.3 Million
Price range (Registered) Rs.1.6Million to 1.8Million 
Fuel Efficiency (City)12 kmpl -15 kmpl
Fuel Efficiency (Outstation)18 kmpl -22 kmpl
Authorised Service CentreAMW

05 Honda Vezel 
You see so many of these on our roads, you might be wondering if they’re more abundant that our humble ‘tuk tuks’! 

Price range (Unregistered)Rs, 6.8 million to 7.2 million
Price range (Registered) Rs. 5.4 million to 6.6 million
Fuel Efficiency (City)13 kmpl -15 kmpl
Fuel Efficiency (Outstation)17 kmpl -18 kmpl
Authorised Service CentreStafford Motor Company  

04. Toyota Aqua
Probably one of the most popular Hybrid cars seen on the Colombo streets. Ideal for a small family. Very good on petrol. 

Price range (Unregistered)Rs, 4.5 million to 5 million
Price range (Registered) Rs. 3.7 million to 4.2 million
Fuel Efficiency (City)16 kmpl -18 kmpl
Fuel Efficiency (Outstation)22 kmpl -25 kmpl
Authorised Service CentreToyota Lanka 

03. Honda Fit GP5
Both Aqua and Fit are almost similar in size and very similar in options as well. 

Price range (Unregistered)Rs, 4.7Million to 5.2Million
Price range (Registered) Rs. 3.6Million to 4.5Million
Fuel Efficiency (City)11 kmpl -13 kmpl
Fuel Efficiency (Outstation)16 kmpl -17 kmpl
Authorised Service CentreStafford Motor Company 

02. Nissan Xtrail – Hybrid 
The most popular SUV in Colombo at the moment, the Xtrail Hybrid comes with a 2000cc engine and with all the latest features. 

Price range (Unregistered)Rs, 9.5Million to 11Million
Price range (Registered) Rs. 8.4Million to 9 Million
Fuel Efficiency (City)10 kmpl -12 kmpl
Fuel Efficiency (Outstation)16 kmpl -19 kmpl
Authorised Service CentreAMW

01. Suzuki Stingray
Suzuki Stingray a very spacious car in the class. Comes with a 650cc engine using semi-hybrid technology to increase fuel efficiency.

Price range (Unregistered)Rs, 3.3Million to 3.5Million
Price range (Registered) Rs. 2.9Million to 3.1 Million
Fuel Efficiency (City)14 kmpl -15 kmpl
Fuel Efficiency (Outstation)21 kmpl -23 kmpl
Authorised Service CentreAMW

The best way to find your next car

First-Time Car Buying Guide - The best way to find your next car

What’s better than driving off into the sunset in your new whip? Driving off knowing you got a killer deal, of course! In this section, I’ll show you how, in just a few smart moves, you can save thousands on your car purchase. 

If you’re looking for a TL;DR (too long; didn’t read), you can skip to the bottom of this section for my ultimate recommendation on how to buy the best used car for the best price. 

Decide how much car you can afford

Whether it’s your first time buying a car or your fiftieth, always begin the car buying process by creating a budget. A good rule of thumb? The car’s sticker price should be at or below 20% of your annual pre-tax income

Consider how much you can afford before what kind of car you want. From a financial point-of-view, the less you spend on a car, the more money you have leftover for everything else. Because it’s important to remember that the price of a car doesn’t end at its sticker price; you’re also on the hook for licensing, registration fees, taxes, fuel, financing, depreciation, routine maintenance, surprise maintenance, parking, and more. Multiply a car’s sticker price by ~120% and you’ll have a better idea of its true cost to you. 

You can use MU30’s Affordability Calculator to get a better idea of how much you can afford:

Car Affordability Calculator

About Your Income, Debt & Expenses:

Are you financing or paying cash?FinancingCash

Vehicles are not an investment; they’re a rapidly depreciating asset. It’s an emotional thrill to buy a new car, but buying used is, in 98% of cases, far better value. 

If you do decide to buy used or lease, remember that a good car salesman will steer you towards the most expensive options. Know your number first so you don’t overspend later.

Should you buy new or used?

New, used, or CPO is an age-old debate in the car-buying world. 98% of the time buying gently used is the best option, but check out this piece to see if you qualify for the 2% of cases where buying new might make sense.

The reason why buying used is right 98% of the time is because new cars depreciate faster than an open carton of milk. Even the most popular new cars will lose 10% of their value as soon as you drive them off the lot and up to 40% of their value after 12 months, according to Carfax. 

Besides, if you buy a historically reliable car from Mazda, Toyota, or Hyundai, it’ll still feel new at 15,000 miles, only it’ll cost a whopping 20%-30% less. 

Now, is it worth ponying up an extra few grand for a “certified pre-owned” or CPO car? 

Are “Certified Pre-Owned” (CPO) cars a good deal? 

In short, no. 

A certified pre-owned car is just a used car that’s passed some sort of inspection by the manufacturer or dealer and includes an extended warranty. They cost, on average, around $1,500 more than their used equivalents.

Shoppers value CPO cars because they trust them more; nobody wants a lemon (read: clunker), so we’re willing to pay quite a premium for peace of mind.

But the value for CPO cars simply isn’t there. The first half of the CPO value proposition, the two-year factory extended warranty, is worth $600 at most (but more on warranties later). 

The second half of the CPO value proposition is that CPO cars are supposedly of higher quality and last longer. That’s because they’ve passed “a 161-point quality inspection,” according to… the people selling you the vehicle. 

Yeah, that’s a conflict of interest, and dealer-made “quality inspections” are problematic on many levels. They’re prone to human error, fluctuating standards, and many sellers deliberately overlook known design flaws. So a seller’s “quality inspection” is worth about as much as a crocheted facemask during a pandemic. 

Unless a CPO car is listed as just $200 more than its used equivalents, you’re probably better off ignoring CPO listings entirely.

Get a pre-purchase inspection (PPI) before any purchase – no exceptions

I’m bringing up pre-purchase inspections early in this guide because PPIs are the most overlooked-yet-crucial step of the car-buying process. In my opinion, pre-purchase inspections should forever sit in the pantheon of essential money decisions alongside “open a Roth IRA account” and “match your employer’s 401k contributions.” 

A pre-purchase inspection is when you pay an independent mechanic ~$150 to thoroughly inspect a vehicle before you buy it. They’ll test everything – all four corners of the suspension, every knob and button, every inch of the frame, and more. 

A PPI is crucial because even a perfect-looking car (especially one labeled CPO) can be hiding damage that’s extremely expensive to repair, or worse, unsafe. 

Although PPIs are cheap, and are strongly recommended by the Federal Trade Commission and the Bar Association, many young car buyers don’t get them either because they didn’t know to ask, felt awkward asking, or placed too much trust in the car. 

Just get one. 

Once you’ve found a non-lemon, it’s time to get the best price. 

Find the best price on a car

The internet’s full of car pricing information, so take advantage. At the very least, get competing price quotes online from a site like Edmunds.

(UPDATE) First Time Car Buying Guide - Edmunds

Speaking of, Edmunds is just a great site in general to start your car-buying journey.  The most helpful information you can find on Edmunds is the true value of your new car. Many car dealerships are getting better about price transparency, but most still try to push pricey — often unnecessary — add-ons, and you may still run into a shady salesperson. Learn how to spot the most common car sales tricks and how to negotiate around them.

If you can, always negotiate your price via phone or email. If you’re ever uncomfortable, simply stand up and walk out. They can’t hold you there. 

Do your test driving first. Leave the dealership. Call back the next day and negotiate a price over the phone, or better yet, follow this trick the car dealers hate to secure a rock bottom price. The dealer will hate you, but you’ll get the best price possible.

(UPDATE) First Time Car Buying Guide - TrueCar

Short on time or patience, and just want the best deal ASAP? Consider a service like TrueCar to find your car for you. TrueCar is a company that lets you shop and price your car online and matches you with a local partner dealer to deliver the car.

Once you select the car you want, TrueCar’s price is guaranteed so there are no surprises upon delivery. 

Oh, and get a PPI. 

Now, once you’ve found a car and you’re ready to sign on the dotted line, how should you pay? 

What car brands should I consider? 

First-Time Car Buying Guide - What car brands should I consider? 

I’ll let Consumer Reports’ list of most reliable car brands speak for itself. 

Generally speaking, anything that isn’t a Bugatti will have similar maintenance costs within its first five years. However, it’s between years five and 10 when things start to get expensive. 

Mazda, Toyota, Lexus, Hyundai, and Genesis vehicles will make you happier for longer. Mazda has not only toppled Toyota in recent reliability surveys, but they provide excellent value for money. Having tested eight versions of both (and bought one), I think that the Mazda MX-5 and CX-5 are the overall fun car and crossover on the market, respectively. 

I would never, ever buy a car made by [redacted]. Nah, I have PR friends in every car company so I won’t throw anyone under the bus. Instead, I’ll let Consumer Reports do the finger-pointing. Certain brands simply can’t make a car that lasts past 75,000 miles without falling apart like wet papier-mâché, and these brands are best avoided. 

If reliability and affordability are your first two filters, your third should be how the car makes you feel. Don’t hesitate to schedule five or even 10 test drives before you make a purchase. A car is a huge investment, so take your time and don’t settle for anything that doesn’t make you feel happy. 

Should I finance, pay cash, or lease a car?

Deciding how to pay for a new car is a personal choice, but it’s best to pay in cash when you can. 

That’s because when you save cash to buy a car, you’re less likely to overspend. It’s easy to sign a loan; it’s hard to part with cash, as it should be. 

But there are exceptions. If you’ve already built some amount of wealth, financing or leasing can be advantageous if it allows you to keep cash invested and earn a higher rate of return.

Many times, you simply need to finance for personal wealth reasons. No problem. Car loans are common, easy to secure, and offer reasonable interest rates. Before you sign, however, you want to make sure you’re getting a fair interest rate and understand how much you’ll pay for the loan.

Be wary of “0% APR” offers. Dealers and financiers use this tactic to lure unsuspected buyers into buying cars they can’t afford, or at best, overpaying. Paying zero interest doesn’t mean you got a good deal; sellers often bake their lost interest into the sticker price, or instead of discounting last year’s stock by its one-year depreciated value, offering it for full-price and 0% APR. 

What about extras (ceramic coatings, window tinting, etc.)?

Dealers, like movie theaters and Apple Stores, make a sizable chunk of their profits by selling extras. They can apply a special coating to your car to protect it from scratches for $995, or tint your windows for $495. 

I’m a firm believer in both. A ceramic coating will protect your paint and help retain your car’s value. Tinted windows deter thieves, protect you and your leather seats from UV rays, and even protect you from shattered glass in the event of an accident. 

So you should get both, just not from a dealer. Virtually any dealer add-on can be purchased at a custom auto shop for ~60% less. I had a shop tint my windows for $140 and applied a ceramic coating to both of my cars for $65. 

If a dealer add-on piques your interest, take note and buy it elsewhere. 

Should I buy an extended warranty?

Like certified pre-owned cars, extended warranties are rarely worth the money. To channel my inner Nancy Reagan, Just Say No to third-party extended warranties. 

Most extended warranties provide peace of mind without backing it up with actual value. If you comb through the finer details of the terms and conditions, you’ll notice several loopholes and backdoors through which they can worm out of paying you.

  • When my ex-roommate’s infotainment system suddenly died in his 2014 BMW 4 Series, he learned that his expensive warranty wouldn’t cover it because it was “the result of aftermarket/non-OEM additions to the vehicle.” For the non-car-savvy, implying that his new cold air intake would cause the infotainment system to fail is like implying that stubbing your toe causes you to forget algebra.
  • Similarly, user Gatsby’s Ghost on Jalopnik laments the tale of his wife’s 2008 Jaguar XK. The couple had purchased an extremely extensive warranty covering everything but “consumables,” i.e. tires, windshield wiper blades, etc. But when a rubber seal failed and caused water to pool inside the car, the warranty company insisted that all rubber is consumable, and left the couple with the entire $1,200 repair bill. 

Though hard to believe, these anecdotes represent the norm, not the exception.

That being said, warranties can add value in some cases. If you have the option of buying an extended warranty directly from the manufacturer (Ford, Toyota, BMW, etc.) and you plan to drive the car for many years beyond the expiration of the factory warranty, it might be a good idea. 

A warranty is a kind of insurance. When you buy it, you’re insured against the cost of major repairs. When you don’t buy it, you assume that risk yourself. 

Speaking of insurance, let’s talk about how to get the best deal on a good auto insurance policy with a reputable provider. 

Does it really matter which car insurance company I use?

First-Time Car Buying Guide - Does it really matter which car insurance company I use?

Yes! Finding the car insurance company that can offer you the most favorable rates can, as the ads promise, save you hundreds of dollars a year.

Not only do you want to compare quotes and shop around, you need to understand what insurance you’re buying so you don’t pay for coverage you don’t need or get into an accident only to discover you didn’t have the coverage you thought you did.

Determine how much insurance you really need

Purchasing the right amount of insurance can save you a lot of money. You’ll be much better off going line-by-line, understanding each type of insurance, and deciding how much you need. That way, you’ll design a policy perfectly tailored to you that saves you money. 

Get at least five quotes

Once you’ve determined how much insurance you need, it’s time to collect some quotes. A great place to start is on reputable aggregator websites; think Kayak.com, but instead of shopping for flights you’re browsing car insurance. 

(UPDATE) First Time Car Buying Guide - Gabi

Gabi is one of my favorite auto insurance aggregators. Gabi digs hard for affordable quotes from reputable providers. Seven in ten Gabi users save an average of $800 annually. 

Gabi will also remember your policy details and automatically search for a better deal for you every six months. This can prevent you from being subject to a “loyalty tax” for not switching providers often enough (seriously, it’s a real thing).

Read MU30’s full review of Gabi to learn more. 

Now, while you’re shopping for quotes on aggregator sites, it would also behoove you to collect a few quotes directly from the providers themselves. Not only can you collect the most accurate quotes there, but you can discover provider-specific perks not always visible from aggregator sites. 

I’m a fan of online-only providers since they tend to provide the lowest premiums and best websites/apps. 

First-Time Car Buying Guide - Progressive

Progressive is a great example of an online insurer. Not only do they offer a crazy amount of discounts and competitive pricing, but you can even ask your Google Home for assistance and it’ll connect you to a representative.

And, if you don’t drive a lot, Progressive won’t fault you, and you could secure a lower rate.

Read MU30’s full Progressive review to learn more. 

Now, once you’ve made a list of potential providers I strongly recommend collecting at least five quotes online. Each provider will see your situation differently, and your potential premiums can vary wildly

Thankfully, most providers’ online quote tools are extremely quick and easy to use (and you can fudge some of your personal information to collect accurate quotes without forking over your cell phone #). 

Consider a pay-per-mile insurance policy

If you drive fewer than 10,000 miles annually you might consider a new type of insurance called pay-per-mile. As the name implies, under a pay-per-mile insurance policy you’ll pay an extremely low base rate per month, plus a few cents per mile that you actually drive. 

First-Time Car Buying Guide - Liberty Mutual

Liberty Mutual’s ByMile is a solid pay-per-mile program for a few reasons. First and quite simply, it’s backed by Liberty Mutual. This means you’ll get access to excellent customer service, good rates, and a swift claims process. 

Also, ByMile undercuts other pay-per-mile competitors by capping its daily charging limit at 150 miles. 

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