The automobile company Hyundai sells its Exter in the compact SUV category in the Indian market. In case you plan to purchase the base model of this car, what will be the monthly installment after a down payment of ₹1 lakh? Let us inform you about the same through this piece of news.
The HX2 is available as the base model of the Exter. The manufacturer sells this SUV model as the base variant at an ex-showroom price of ₹5.80 lakh. If this car is bought in Delhi, then the ex-showroom price of ₹5.80 lakh will be levied on you, apart from registration and insurance. You have to pay the registration charges of approximately ₹28,000 and the insurance cost of around ₹34,000 for purchasing this car. Therefore, the on-road price of this car becomes ₹6.42 lakh in Delhi.
In case you buy the base model of the Hyundai Exter, the financier will give you money only against the ex-showroom price of the car. Therefore, after paying ₹1 lakh as down payment, you will require financing an approximate amount of ₹5.42 lakh from the financier. In case the bank lends you the money of ₹5.42 lakh for seven years at the rate of 9% interest, your monthly EMI turns out to be ₹8,821 per month.
If you take a car loan of Rs 5.42 lakh from a bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 8821 every month for seven years. In this case, in seven years, you will pay around Rs 1.98 lakh as interest for the base variant of Hyundai Exter. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 8.40 lakh.
Hyundai brings the Exter in the compact SUV segment. In this segment, it directly competes with Tata Punch and many hatchback cars. Apart from this, in terms of price, it also faces competition from SUVs like Nissan Magnite, Renault Kiger, Maruti Fronx.
The automobile company Hyundai sells its Exter in the compact SUV category in the Indian market. In case you plan to purchase the base model of this car, what will be the monthly installment after a down payment of ₹1 lakh? Let us inform you about the same through this piece of news.
The HX2 is available as the base model of the Exter. The manufacturer sells this SUV model as the base variant at an ex-showroom price of ₹5.80 lakh. If this car is bought in Delhi, then the ex-showroom price of ₹5.80 lakh will be levied on you, apart from registration and insurance. You have to pay the registration charges of approximately ₹28,000 and the insurance cost of around ₹34,000 for purchasing this car. Therefore, the on-road price of this car becomes ₹6.42 lakh in Delhi.
In case you buy the base model of the Hyundai Exter, the financier will give you money only against the ex-showroom price of the car. Therefore, after paying ₹1 lakh as down payment, you will require financing an approximate amount of ₹5.42 lakh from the financier. In case the bank lends you the money of ₹5.42 lakh for seven years at the rate of 9% interest, your monthly EMI turns out to be ₹8,821 per month.
If you take a car loan of Rs 5.42 lakh from a bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 8821 every month for seven years. In this case, in seven years, you will pay around Rs 1.98 lakh as interest for the base variant of Hyundai Exter. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 8.40 lakh.
Hyundai brings the Exter in the compact SUV segment. In this segment, it directly competes with Tata Punch and many hatchback cars. Apart from this, in terms of price, it also faces competition from SUVs like Nissan Magnite, Renault Kiger, Maruti Fronx.