Toyota Urban Cruiser Hyryder EMI Plan: Pay ₹3 Lakh Down, Know Monthly Cost

Toyota has outlets in various places in India. Toyota offers the Toyota Hyryder, a mid-size SUV car. If the buyer wants the base model of the car, which is the E variant, and is willing to put in a down payment of 3 lakhs, what is the EMI?

The base model of the Toyota Urban Cruiser Hyryder is the E variant. The ex-showroom price of the base model of the car is 10.99 lakhs. If the buyer is purchasing the car in Delhi, the RTO charges will be around 1.10 lakhs, and the insurance charges will be around 53,000. In addition, the TCS charges applicable are 10,990. The on-road price of the car is 12.73 lakhs.

If you purchase the base variant of this car, bank financing will be provided at the ex-showroom price. Therefore, after making a down payment of ₹3 lakh, you will have to finance approximately ₹9.73 lakh from the bank. If you are given ₹9.73 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹15,656 per month for the next seven years.

If you take a car loan from a bank for ₹9.73 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹15,656 per month for seven years. In such a situation, you will pay around Rs 3.42 lakh as interest for the Toyota Hyryder in seven years. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 16.15 lakh.

Toyota offers the Hyryder as a mid-size SUV. From the manufacturer, this car directly competes in the market with SUVs like Kia Seltos, Hyundai Creta, Honda Elevate, Maruti Grand Vitara, Maruti Victoris, Volkswagen Taigun, Skoda Kushaq, Mahindra XUV 700, Scorpio N.