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Planning to Buy Maruti Fronx AT? EMI Starts at ₹13,108 with ₹1 Lakh Down Payment
Car Finance Plan: Maruti Suzuki, one of the country's leading automakers, sells several vehicles. The manufacturer also offers the Maruti Fronx with an automatic transmission. If you are considering purchasing the automatic variant of this vehicle, how much EMI will you pay each month after a down payment of ₹1 lakh? Let's find out.
Maruti Suzuki, one of the leading automotive manufacturers in the country, has several models in its portfolio. The company's Maruti Fronx is available with an automatic transmission variant in the compact SUV category. If you are also planning to buy the automatic transmission variant of this SUV, how much EMI can you pay after depositing ₹1 lakh as a down payment?
The automatic transmission version of the Maruti Fronx has an ex-showroom price of ₹8.15 lakh. If the car is bought in Delhi, then the on-road price will be around ₹9.14 lakh, which includes the ex-showroom price of ₹8.15 lakh, RTO charges of around ₹57,000, and insurance charges of around ₹43,000.
If you purchase the base variant of this car with an automatic transmission, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹1 lakh, you will have to finance approximately ₹8.15 lakh from the bank. If you are given ₹8.15 lakh for seven years at a nine percent interest rate, you will have to pay a monthly EMI of only ₹13,108 for the next seven years.
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If you take a car loan from a bank for ₹8.15 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹13,108 per month for seven years. In such a situation, in seven years, you will pay around Rs 2.86 lakh as interest for the Fronx automatic transmission. After which, the total price of the car, including ex-showroom, on-road and interest will be around Rs 12.01 lakh.
Maruti Suzuki has brought the Fronx in the compact SUV segment. In this segment, it directly competes with SUVs like Maruti Brezza, Hyundai Venue, Kia Sonet, Kia Syros, Mahindra XUV 3XO. Apart from this, it also faces competition from some hatchback cars in terms of price.
