One such automobile manufactured by Maruti Suzuki, a leading automobile company in India, is the Maruti Wagon R which comes under the hatchback category. In case you would like to purchase the CNG version of this vehicle, what will be the monthly EMIs after making a down payment of ₹1 lakh? This will be explained in today’s news.
Another such car from Maruti Suzuki is the Maruti Wagon R, which also has an option for CNG. The price of this model ex-showroom stands at ₹5.89 lakh. When you purchase this in Delhi, the total registration cost that you will incur is ₹25,000, while insurance costs ₹34,000. Fastag will cost ₹600, bringing the total on-road price to ₹6.55 lakh.
If you purchase the CNG variant of the Maruti Wagon R, the bank will finance the ex-showroom price. So, after making a down payment of ₹1 lakh, you'll need to finance around ₹5.55 lakh from the bank. If you're given ₹5.55 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of just ₹8,931 for the next seven years.
If you take a car loan from a bank for ₹5.55 lakh for seven years at 9% interest, you'll have to pay an EMI of ₹8,931 for seven years. In such a situation, in seven years, you will pay around Rs 1.95 lakh as interest for the CNG variant of Maruti Suzuki Wagon R. After which, the total cost of your car including ex-showroom, on-road and interest will be around Rs 8.50 lakh.
Wagon R is offered by Maruti Suzuki in the entry-level hatchback segment. In this segment, this car directly competes with hatchback cars like Maruti's Alto K10, S-Presso, Celerio, as well as Renault Kwid, Tata Tiago and Hyundai Grand Nios i10.