Volkswagen Tiguan EMI Breakdown: Buy Base Variant with ₹2 Lakh Down Payment
Car Finance Plan: Volkswagen offers the Volkswagen Tiguan in the mid-size SUV segment. If you're planning to buy the base variant of this SUV, how much EMI can you pay each month after making a down payment of just ₹2 lakh? Let's find out.
Volkswagen sells its vehicles in various segments in the Indian market. The Volkswagen Tiguan is sold as a mid-size SUV by the manufacturer. If you are planning to buy the base variant of this SUV, how much EMI can you pay each month after a down payment of ₹2 lakh?
The ex-showroom price of the base variant, Comfortline, of the Volkswagen Tiguan is ₹11.39 lakh. In Delhi, for this, the on-road price will be approximately ₹13.12 lakh. It would include ₹11.39 lakh as an ex-showroom price, ₹1,14,000 or so for RTO, and ₹48,000 approximately for insurance. ₹11,000 for TCS charges will be added to the on-road.
If you purchase the base variant of this vehicle, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹2 lakh, you will have to finance approximately ₹11.12 lakh from the bank. If the bank gives you ₹11.12 lakh for seven years at 9% interest, you will have to pay a monthly EMI of only ₹17,897 for the next seven years.
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If you take a car loan of Rs 11.12 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 17897 every month for seven years. In such a situation, in seven years, you will pay around Rs 3.90 lakh as interest for the base variant of Volkswagen Tiguan. After which, the total price of the car, including ex-showroom, on-road, and interest, will be around Rs 17.03 lakh.
Volkswagen offers Taigun as a mid-size SUV. This SUV competes directly in the market with SUVs like Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, Mahindra Scorpio N, MG Hector, Kia Seltos, Hyundai Creta, and Tata Sierra.