Kia Sonet Diesel EMI Explained: How Much You’ll Pay Monthly After ₹2 Lakh Down Payment
SUV Finance Plan: Vehicle manufacturer Kia offers many excellent SUVs in the Indian market. If you're considering purchasing the diesel variant of the Kia Sonet SUV, offered by Kia, how much EMI can you pay after paying just ₹2 lakh? Let's find out.
Kia deals in SUV segment cars in the Indian auto market. If you are willing to buy the diesel variant of the compact SUV Kia Sonet launched by the company and want to bring the car home by depositing a down payment of Rs 2 lakhs, what amount will be deducted as an Equated Monthly Installment for the car by you?
The HTE O Diesel is the diesel variant of the Kia cars. The price of the base model of this car (Price of Kia Sonet HTE O Diesel) is Rs. 8.98 lakhs. If the car is bought in Delhi, then the amount that needs to be paid as RTO is Rs. 78,000, and the amount that needs to be paid as insurance is Rs. 46,000. After that, the price of the car (Price of Kia Sonet HTE O Diesel) is Rs. 10.22 lakhs.
If you buy the diesel variant HTE of this car, the bank will finance the ex-showroom price only. In such a case, after making a down payment of ₹2 lakh, you will have to finance approximately ₹8.22 lakh from the bank. If you are given ₹8.22 lakh for seven years with 9% interest from the bank, then you will have to pay an EMI of ₹13,239 per month for the next seven years.
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If you take a car loan of Rs 8.22 lakh from the bank for seven years with an interest rate of nine percent, then you will have to pay an EMI of Rs 13239 every month for seven years. In such a situation, in seven years, you will pay around Rs 2.89 lakh as interest for the Kia Sonet HTE O Diesel. After which, the total price of your car, including ex-showroom, on-road, and interest, will be around Rs 13.12 lakh.
The manufacturer offers Sonet from Kia as a compact size SUV. This car competes directly in the market with SUVs like Mahindra XUV 3XO, Tata Punch, Maruti Brezza, Hyundai Venue.
