Toyota Taisor Base Model: EMI ₹9,830 per Month with ₹2 Lakh Down Payment
Car Finance Plan: Toyota offers the Toyota Taisor in the compact SUV segment. If you're considering buying the base variant, how much EMI can you pay each month after making a down payment of just ₹2 lakh? Let's find out.
Japanese car manufacturer Toyota sells the Taisor in the compact SUV category. If you're planning to purchase it, how much EMI can you afford to pay each month after paying a down payment of ₹2 lakh?
Toyota retails the base model of the Taisor at an ex-showroom price of ₹7.21 lakh. The on-road cost of buying in Delhi comes around ₹8.11 lakh. It has an ex-showroom price of ₹7.21 lakh, along with about ₹50,000 for RTO and about ₹39,000 for insurance.
If you buy the entry-level petrol engine model of this car, the bank will pay for the ex-showroom amount. Therefore, after paying a down payment of ₹2 lakh, you will have to take the amount of around ₹6.11 lakh from the bank. If you are given ₹6.11 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of only ₹9,830 per month for the next seven years.
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If you take a car loan from a bank for ₹6.11 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹9,830 per month for seven years. Thus, over seven years, you will pay approximately ₹2.14 lakh as interest on the Toyota Taisor. After which you will pay a total price of the car including ex-showroom, on-road and interest of around Rs 10.25 lakh.
Taisor is brought by Toyota as a compact SUV. In the Indian market, this SUV faces competition from many compact SUVs and hatchback cars. These include SUVs like Maruti Brezza, Kia Sonet, Kia Syros, Maruti Fronx, Hyundai Venue, Mahindra XUV 3XO, Tata Nexon. In terms of price, the hatchback cars from which it faces tough competition include cars like Maruti Baleno, Tata Altroz and Hyundai i20.
