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Maruti Suzuki Fronx CNG: EMI Starts at Just ₹10,803 After ₹2 Lakh Down Payment
The Maruti Fronx, a compact SUV, is also offered with CNG by the automaker. If you're considering purchasing this CNG variant, how much monthly EMI will you pay after making a down payment of ₹2 lakh? Let's find out.
The Maruti Suzuki Fronx sells vehicles in several segments. The Maruti Fronx also offers the CNG version in the compact SUV category. If you choose the CNG variant, what would be your monthly EMI after making a down payment of ₹2 lakh?
The CNG Fronx costs ₹7.79 lakh. The on-road cost of the car in Delhi would be around ₹8.71 lakh, including ₹7.79 lakh as the ex-showroom cost, and ₹52,000 for the RTO and ₹38,000 for insurance.
In case you purchase the CNG base version, the bank pays the ex-showroom cost. After a down payment of ₹2 lakh, the remaining amount would be ₹6.71 lakh to be financed by the bank. If you are given ₹6.71 lakh for seven years at a nine percent interest rate, you will have to pay only ₹10,803 in EMIs per month for the next seven years.
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If you take a car loan from the bank for ₹6.71 lakh for seven years at a nine percent interest rate, you will have to pay ₹10,803 in EMIs per month for seven years. In this case, you'll pay approximately ₹2.36 lakh as interest for the Fronx CNG over seven years. After that, the total cost of the car, including ex-showroom, on-road, and interest, will be approximately ₹11.07 lakh.
The Fronx is offered by Maruti Suzuki in the compact SUV segment. In this segment, it competes directly with SUVs like the Maruti Brezza, Hyundai Venue, Kia Sonet, Kia Syros, and Mahindra XUV 3XO. It also faces price competition from some hatchbacks.
If you take out a car loan from a bank for ₹7.51 lakh for seven years at an interest rate of 9%, you'll have to pay an EMI of ₹12,096 per month for seven years. Therefore, you'll pay approximately ₹2.64 lakh as interest for the Fronx CNG over seven years. After that, the total cost of the car, including ex-showroom, on-road, and interest, will be approximately ₹12.16 lakh.
Maruti Suzuki's Fronx is positioned in the compact SUV segment. It competes directly with SUVs like the Maruti Brezza, Hyundai Venue, Kia Sonet, Kia Syros, and Mahindra XUV 3XO. It also faces competition from some hatchbacks in terms of pricing.
