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Honda Amaze Base Variant EMI Details: ₹10,354 Per Month After ₹2 Lakh Down Payment
Car Finance Plan: Automaker Honda offers vehicles in the sedan and SUV segments in the Indian market. If you're considering purchasing the base variant of the manufacturer's compact sedan, the Honda Amaze, how much monthly EMI will you pay after paying ₹2 lakh? Let's find out.
Honda, one of the prominent automobile companies in Japan, has introduced the latest generation of the Amaze in the compact sedan segment. If you are planning to buy the base model of the latest Honda Amaze, and you are eager to know how much EMI you have to pay every month if you have made an advance payment of 2 lakhs, we are giving you this information in this article.
The new Amaze is available in the compact sedan segment from the company Honda. The price of the latest variant of this car (Honda Amaze V Price) is 7.48 lakhs. If the buyer decides to buy this car in Delhi, then he will have to shell out around 62 thousand rupees for RTO and around 28 thousand rupees for the insurance of the car. After which, the Honda Amaze on-road price becomes around Rs 8.43 lakh.
If you buy the base variant of this car, the bank will finance the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, you will have to get around Rs 6.43 lakh financed from the bank. If you are given Rs 6.43 lakh by the bank for seven years with 9% interest, then you will have to pay an EMI of Rs 10354 per month for the next seven years.
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If you take a car loan of Rs 6.43 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 10354 every month for seven years. In such a situation, in seven years you will pay around Rs 2.26 lakh as interest for the base variant of Honda Amaze. After which the total price of your car, including ex-showroom, on-road and interest will be around Rs 10.69 lakh.
Honda offers Amaze as a compact size sedan. This car directly competes in the market with sedan cars like new generation Maruti Dzire, Tata Tigor, Hyundai Aura.
