Vehicle Financing Scheme. In the Indian market, Hyundai sells the Hyundai Creta, a mid-size SUV. How much EMI would you have to pay each month for seven years if you also intend to purchase its base diesel variant after making the two-lakh-rupee down payment (the Hyundai Creta down payment) and bringing it home? Tell us.
Hyundai, a South Korean car manufacturer, sells the Hyundai Creta as an SUV in India. How much EMI can you pay each month to bring the Hyundai Creta home after making a down payment of Rs 2 lakh if you also intend to buy the diesel base model? In this news, we are informing you.
Hyundai Creta Diesel Cost
The base model of Hyundai’s diesel Creta SUV is called E. The base model of this mid-size SUV is being offered for sale by the firm for Rs 12.68 lakh ex-showroom. In addition to the ex-showroom price of Rs 12.68 lakh, registration tax and RTO fees must be paid if the purchase is made in Delhi. It will cost Rs 1.32 lakh for the RTO and roughly Rs 52 lakh for the insurance to own this car. In addition, a TCS fee of Rs 12687 would need to be paid. Following this, the car’s on-road cost in Delhi rises to Rs 14.65 lakh.
How much EMI follows a Rs. 2 lakh down payment
The bank will finance the Hyundai Creta SUV at the ex-showroom price only if you choose the diesel base model E. In this case, you will need to obtain approximately Rs 12.65 lakh in bank financing after making a down payment of Rs 2 lakh. You will only need to pay an EMI of Rs 20359 every month for the following seven years if the bank grants you Rs 12.65 lakh for seven years with 9% interest.
How much will the vehicle cost?
You will be required to pay an EMI of Rs 20359 every month for seven years if you take out a car loan of Rs 12.65 lakh from the bank with a nine percent interest rate. In this case, you will spend around Rs 4.44 lakh in interest for the Hyundai Creta Diesel E model over seven years. After that, your automobile will cost around Rs 19.10 lakh in total, including ex-showroom, on-road, and interest.
Who competes with
Hyundai enters the mid-size SUV market with the Creta. SUVs like the Honda Elevate, Kia Seltos, Tata Harrier, Maruti Grand Vitara, and Toyota Urban Cruiser Hyryder are direct competitors in this market.
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