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Honda Amaze Finance Plan: EMI, Interest and Total Ownership Cost Explained
If you're considering purchasing the base variant of the Honda Amaze, a compact sedan from Honda, how much monthly EMI will you pay after paying ₹2 lakh? Let's find out.
Honda offers its new Amaze in the small sedan range. In case you purchase the base model and make a down payment of ₹2 lakh, what would your EMI be for the new Amaze?
The ex-showroom price of the Honda New Amaze, which is available in the small sedan range, is ₹7.51 lakh for the V version. In case you buy it in Delhi, then you will have to pay RTO of around ₹53,000, and the insurance cost comes to ₹40,000. On-road price will therefore come to approximately ₹8.45 lakh.
In case you purchase the base version, then only the ex-showroom price gets financed. Therefore, after making a down payment of ₹2 lakh, you will have to finance approximately ₹6.45 lakh from the bank. If the bank gives you ₹6.45 lakh for seven years at 9% interest, you will have to pay an EMI of ₹10,368 per month for the next seven years.
