Volkswagen is one of the automobile giants operating in India. It markets the model Virtus in India. Assuming that you have made a deposit of ₹2 lakh for the purchase of the base model of this medium sized sedan, how much will your monthly EMI be?

The base model of Virtus is known as Comfortline. The price of this base model ex-showroom is ₹10.50 lakh. In Delhi, you pay the ex-showroom price along with the registration fees and insurance charges. These include ₹1.11 lakh as registration and ₹39,000 as insurance. The TCS comes at around ₹10,000.

If you purchase the Volkswagen Virtus' base variant, the Comfortline, the bank will finance the ex-showroom price. After making a down payment of ₹2 lakh, you will have to finance approximately ₹10.12 lakh from the bank. If the bank provides you ₹10.12 lakh for seven years at 9% interest, you will have to pay a monthly EMI of only ₹16,282 for the next seven years.

If you take a car loan of Rs 10.12 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 16282 every month for seven years. In this case, in seven years, you will pay around Rs 3.56 lakh as interest for the base variant of Volkswagen Virtus. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 15.67 lakh.

Virtus is brought by Volkswagen in the mid-size sedan car segment. In this segment, it competes directly with cars like Skoda Slavia, Hyundai Verna, Honda City.