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Buy Honda Elevate Automatic With ₹2 Lakh Down Payment; Total Cost Comes to ₹19.8 Lakh
Honda sells the Elevate SUV in India, with the V CVT as its automatic variant priced at ₹13.12 lakh (ex-showroom). In Delhi, after adding ₹1.40 lakh RTO, about ₹46,000 insurance, and ₹13,121 TCS, the on-road price becomes ₹15.17 lakh. With a ₹2 lakh down payment, the bank finances around ₹13.17 lakh. At 9% interest for seven years, the EMI amounts to ₹21,202 per month. Over the loan tenure, buyers pay about ₹4.63 lakh in interest, bringing the total cost to roughly ₹19.80 lakh. The Honda Elevate competes with the Hyundai Creta, Kia Seltos, Maruti Grand Vitara, and others in the mid-size SUV segment.
Honda Cars offers a range of products across multiple segments in the Indian market. The manufacturer sells the Honda Elevate as an SUV in the Indian market. If you're considering buying the automatic variant of the Honda Elevate, we'll tell you how much EMI you can pay per month after making a down payment of ₹2 lakh.
Honda provides the automatic variant of the Elevate SUV as the V CVT. The ex-showroom price at which the firm is selling the automatic variant of this mid-size SUV is ₹13.12 lakh. If you buy it in Delhi, you have to pay the ex-showroom price of ₹13.12 lakh along with registration tax and RTO charges. To buy this vehicle, you have to pay ₹1.40 lakh as RTO and around ₹46,000 as insurance costs. You also have to pay ₹13,121 as TCS. So, the vehicle's on-road price in Delhi reaches ₹15.17 lakh ex-showroom.
If you purchase the automatic variant of the Honda Elevate SUV, the bank will finance the ex-showroom price. Therefore, after making a down payment of ₹2 lakh (approximately ₹13.17 lakh), you'll need to finance approximately ₹13.17 lakh (approximately ₹13.17 lakh). If the bank offers you ₹13.17 lakh (9%) interest for seven years, you'll have to pay a monthly EMI of only ₹21,202 (approximately ₹21,202) for the next seven years.
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If you take a car loan from a bank for ₹13.17 lakh (9%) for seven years, you'll have to pay a monthly EMI of ₹21,202 (approximately ₹21,202). In this case, over seven years, you'll pay approximately ₹4.63 lakh in interest for the automatic variant of the Honda Elevate. After this, the total cost of your car, including ex-showroom, on-road, and interest, will be approximately ₹19.80 lakh.
Honda's Elevate is positioned in the mid-size SUV segment. In this segment, it competes directly with SUVs like the Hyundai Creta, Kia Seltos, Tata Harrier, Maruti Grand Vitara, and Toyota Urban Cruiser Hyryder.
