Skoda Kylaq Automatic: EMI Details After ₹2 Lakh Down Payment

Skoda is a brand with many good models available in the Indian market. Skoda also offers the Kylaq model in the Indian market. If you are planning to buy an automatic variant of this SUV, what will be the EMI you can pay if you are making an initial down payment of 2 lakhs?

Skoda provides a variant called Classic AT, which is the automatic version of Kylaq. The price tag for the Classic AT variant of this SUV comes with an ex-showroom price tag of ₹9.25 lakh. If you are planning to buy this car and are from Delhi, then you would have to pay ₹9.25 lakh as the cost for the car, along with registration tax and RTO charges. To buy this car, you would have to pay ₹65,000 as RTO charges and ₹40,000 as insurance charges. This brings the on-road price of the car in Delhi to ₹10.30 lakh.

If you purchase the most automatic variant of the Skoda Kylaq, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹8.30 lakh from the bank. If the bank gives you ₹8.30 lakh for seven years with 9% interest, you will have to pay an EMI of only ₹13,355 per month for the next seven years.

If you take a car loan of Rs 8.30 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 13355 every month for seven years. In such a situation, in seven years, you will pay around Rs 2.91 lakh as interest for the automatic variant of the Skoda Kylaq. After which, the total price of your car, including ex-showroom, on-road, and interest, will be around Rs 13.21 lakh.

Skoda has launched the new car in the compact SUV segment. In this segment, it competes directly with compact SUVs like Hyundai Venue, Kia Sonet and Kia Syros, Tata Nexon, Maruti Brezza, Mahindra XUV 3XO, Nissan Magnite, Renault Kiger.