Planning to Buy Honda Amaze Automatic? EMI Starts at ₹12,403 with ₹2 Lakh Down Payment

The Honda Amaze is among the popular Japanese automobile brands and produces the new Amaze under the small sedan range. In case you wish to purchase the auto transmission variant of the new Honda Amaze with a down payment of ₹2 lakh, then this blog post will provide you with your monthly installment amount.

The new Honda Amaze falls under the small sedan range of Honda. The cost of purchasing the auto transmission variant of this vehicle is ₹8.66 lakh from the showroom. When you purchase this car in Delhi, you will incur a sum of ₹61,000 for RTO charges and ₹44,000 for insurance.

If you purchase the automatic variant, the bank will finance the car at the ex-showroom price. Therefore, after making a down payment of ₹2 lakh, you will have to finance approximately ₹7.71 lakh from the bank. If you are given ₹7.71 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹12,403 per month for the next seven years.

If you take a car loan from the bank for ₹7.71 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹12,403 per month for seven years. In this case, over seven years, you'll pay approximately ₹2.71 lakh in interest for the automatic variant of the Honda Amaze. The total cost, including ex-showroom, on-road, and interest, will be approximately ₹12.41 lakh.

Honda offers the Amaze as a compact sedan. This car competes directly with sedans like the new-generation Maruti Dzire, Tata Tigor, and Hyundai Aura.