Maruti Grand Vitara Base Variant EMI: ₹16,850 per Month After ₹2 Lakh Down Payment
Car Finance Plan: The Maruti Grand Vitara is offered as a mid-size SUV by the automaker Maruti Suzuki. If you are also planning to buy the base variant of this car, how much EMI can you pay per month after making a down payment of ₹2 lakh? Let's find out.
Maruti Suzuki is a leading car manufacturer in India and offers vehicles in various categories. The Maruti Grand Vitara is a mid-size SUV car model available in the market. Now, if you are intending to purchase the base model of this SUV car and have paid a down payment of ₹2 lakh, what should be your EMI?
Maruti is offering the Sigma variant of the Grand Vitara as the base model. The company is offering the base variant of the mid-size SUV at an ex-showroom price of ₹11.76 lakh. If the vehicle is bought in the Delhi region, the registration charges for the vehicle would be approximately ₹1.07 lakh, the insurance cost would be approximately ₹53,000, and the TCS would be ₹10,700. The on-road price of the vehicle in Delhi is then ₹12.47 lakh.
If you purchase the base variant, Sigma, of the Maruti Grand Vitara, the bank will finance the ex-showroom price. Therefore, after making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹10.47 lakh. If you are given a loan of ₹10.47 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of only ₹16,850 per month for the next seven years.
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If you take a car loan of ₹10.47 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of ₹16,850 per month for seven years. In this case, you will pay approximately ₹3.68 lakh as interest for the base variant of the Maruti Grand Vitara, Sigma, over seven years. After this, the total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹16.15 lakh.
The Grand Vitara is offered by Maruti Suzuki in the mid-size SUV segment. In this segment, it competes directly with SUVs like the Tata Harrier, Toyota Urban Cruiser Hyryder, Hyundai Creta, Kia Seltos, MG Hector, and Honda Elevate.
