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Planning to Buy Skoda Slavia? Here’s the EMI If You Pay ₹3 Lakh Down Payment
Car Finance Plan: Skoda, the automaker, offers the Skoda Slavia as a mid-size sedan. If you're planning to buy the base variant, how much EMI will you have to pay after a down payment of ₹3 lakh? Let's find out.
Skoda is a prominent car manufacturer in India, and it offers the Skoda Slavia model in the Indian market. If you pay ₹3 lakh as an initial deposit to purchase the base variant of this mid-size sedan, what will be your monthly EMI?
The base variant of the Skoda Slavia is named the Classic. The ex-showroom price for the base variant of this sedan is ₹10 lakh. If you purchase this car in Delhi, you will have to pay ₹10 lakh ex-showroom, along with registration and insurance charges. The registration charge is approximately ₹1.04 lakh, and the insurance charge is ₹61,000.
If you purchase the base variant of the Skoda Slavia, the bank will finance the ex-showroom price. After making a down payment of ₹3 lakh, you'll need to finance approximately ₹8.67 lakh from the bank. If the bank lends you ₹8.67 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of just ₹13,944 for the next seven years.
