Vehicle Financing Scheme Hyundai just released the S Smart version of the exterior. How much EMI can you pay each month to get the automobile home if you also intend to purchase its Smart model and only need to make a down payment of Rs 2 lakh? Let’s investigate.
In the sub-four-meter SUV market, Hyundai also offers the Exter. The Hyundai Exter’s S Smart version was just released. How much EMI can you afford to pay each month to bring it home after making a down payment of Rs 2 lakh if you also intend to purchase it? In this news, we are informing you.
Smart Price for Hyundai Excel S
The new Hyundai Exter model, the S Smart, is available from Hyundai Motor India for Rs 7.68 lakh ex-showroom. It costs about Rs 8.63 lakh on the road if you purchase it in Delhi. In addition to the ex-showroom price of Rs 7.68 lakh, this price includes approximately Rs 41,000 for insurance and Rs 54,000 for registration. Its on-road cost then rises to Rs 8.63 lakh.
How much EMI follows a Rs. 2 lakh down payment
The bank will finance the automobile at the ex-showroom price only if you purchase the new S Smart version of this vehicle. In this case, you will need to obtain approximately Rs 6.63 lakh in bank financing after making a down payment of Rs 2 lakh. You will only need to pay an EMI of Rs 10672 each month for the following seven years if the bank grants you Rs 6.63 lakh for seven years with 9% interest.
How much will the vehicle cost?
You will be required to pay an EMI of Rs 10672 per month for seven years if you take out a car loan of Rs 6.63 lakh from the bank with a nine percent interest rate. In this case, the interest on the Hyundai Exter S Smart will be around Rs 2.33 lakh over seven years. After that, the entire cost of the automobile, including ex-showroom, on-road, and interest, will come to about Rs 10.96 lakh.
Who is the rival?
In the market for entry-level SUVs, Hyundai offers the Exter. SUVs like the Nissan Magnite, Renault Kiger, and Tata Punch are direct competitors in this market. In addition, a lot of hatchbacks and high-end hatchback vehicles compete with it on pricing.
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