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Maruti XL6 Base Variant: Buy with ₹2 Lakh Down Payment, Pay ₹18,248 EMI for 7 Years
Car Finance Plan: The Maruti XL6 is offered as a budget MPV. It comes with both petrol and CNG options. If you're planning to buy the base petrol variant, how much EMI you'll have to pay each month after a down payment of ₹2 lakh? Let's find out.
Maruti Suzuki, one of India's leading automakers, sells vehicles across multiple segments. Maruti XL6 is retailed by the company's premium showroom, Nexa. This MPV, which has six seats, comes with petrol and CNG engine options. If you are planning to buy the lowest variant of this MPV, how much will you have to pay monthly by way of EMI for the next seven years after paying a down payment of ₹2 lakh?
Maruti retails the XL6 as a six-seater MPV. It comes in its most basic form at an on-road price of ₹11.52 lakh. If bought in Delhi, you'll have to shell out a registration amount of ₹1.15 lakh, plus insurance of about ₹55,000. You'll also have to pay around ₹11,000 towards TCS charges, making the on-road price of ₹13.34 lakh.
If you purchase the base variant of the Maruti XL6, bank financing will be provided at the ex-showroom price. After making a down payment of ₹2 lakh, you'll have to finance approximately ₹11.34 lakh from the bank. If you're given ₹11.34 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of only ₹18,248 for the next seven years.
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If you take a car loan of ₹11.34 lakh from a bank for seven years at an interest rate of 9%, you will have to pay an EMI of ₹18,248 per month for seven years. In this case, you will pay approximately ₹3.98 lakh as interest for the base variant of the Maruti XL6 in seven years. After this, the total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹17.32 lakh.
The XL6 is offered by Maruti Suzuki in the MPV segment. In this segment, it competes directly with budget MPVs like the Maruti Ertiga, Renault Triber, and Kia Carens.
