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Maruti Wagon R CNG EMI on ₹1 Lakh Down Payment: On-Road Price, Loan and Interest
Automaker Maruti offers the Wagon R in both petrol and CNG variants. If you're considering purchasing the CNG variant, how much EMI will you pay each month after making a down payment of ₹1 lakh? Let's find out.
Maruti Suzuki is one of the most popular automobile companies of India. It produces many different cars. One of its models is the Maruti Wagon R. This car falls in the hatchback segment. If you want to purchase the CNG variant of this car, how much will be your EMI per month after putting a down payment of ₹1 lakh? Let us tell you in this news.
The company sells the CNG variant of this model. The ex-showroom price of this variant is ₹5.94 lakh. However, if you make the purchase in Delhi, then it would cost you around ₹28,000 towards registration and ₹28,000 towards insurance, taking the on-road price to ₹6.51 lakh.
In case you purchase the CNG variant of this car, the bank will give you the loan at the ex-showroom price. Thus, you have to pay a down payment of ₹1 lakh and take loan for ₹5.51 lakh from the bank. If you get ₹5.51 lakh in seven years with 9% interest, you have to pay an EMI of ₹8,958 per month for seven years.
