There are various models of cars from Toyota that are available in India in different segments. The Innova Crysta can be found in the MPV segment. If you wish to purchase the base model, what would be your EMI if you make an initial payment of Rs 5 lakhs?

The base variant of this car is 2.4 GX 8 Str. Its on-road price at the time of purchase is Rs 18.99 lakhs. The cost of registering the car in Delhi is approximately Rs 2.37 lakhs, while its insurance cost will be Rs 1.02 lakhs. Apart from this, approximately Rs 19 thousand will have to be paid as TCS charge for this MPV. After this, the on-road price of Toyota Innova Crysta becomes around Rs 22.57 lakh.

If you buy the base variant 2.4 GX 8 Str of this car, then the bank will finance the ex-showroom price only. In such a situation, after making a down payment of Rs 5 lakh, you will have to finance approximately Rs 17.57 lakh from the bank. If you are given a loan of Rs 17.57 lakh from the bank for seven years at an interest rate of nine percent, then you will have to pay an EMI of Rs 28,282 every month for the next seven years.

If you take a car loan of Rs 17.57 lakh from the bank for seven years at an interest rate of nine percent, then you will have to pay an EMI of Rs 28,282 every month for seven years. In this case, in seven years, you will pay approximately Rs 6.18 lakh as interest for the Toyota Innova Crysta 2.4 GX 8 Str. After which, the total price of your car, including ex-showroom, on-road and interest, will be approximately Rs 28.75 lakh.

The Innova Crysta is offered by Toyota as an MPV. This car directly competes in the market with budget MPV cars like Maruti Ertiga and Kia Carens Clavis. Apart from this, it also faces competition from SUVs like Mahindra Scorpio, Mahindra XUV 700, MG Hector, Tata Safari.