If you want to buy a new car this Diwali, but are unable to buy it due to low budget, then today’s news is just for you. Today we will tell you how you can buy the cheapest car in India at the rate of Rs 154 per day. Yes, you read it right. 154 per day at the rate of Rs. Actually, planning along with money is also very important to buy a new car in a low-budget range. This is the reason why today we will tell you how you can buy the country’s best selling car and cheapest car Maruti Suzuki Alto (Maruti Suzuki Alto) very easily through planning. So let’s have a look…
Maruti Suzuki Alto on road price for the base variant
The Delhi ex-showroom price of the base variant of Maruti Suzuki Alto is Rs 3,15,000. At the same time, Rs 15,750 for RTO and Rs 8,287 for insurance is added to the Delhi onroad price. That is, for Maruti Suzuki Alto, you will have to pay a total onroad price of Rs 3,49,383.
Maruti Suzuki Alto
What will be the EMI after downpayment?
The Delhi onroad price of Maruti Suzuki Alto is Rs 3,49,383. This price may be more in your budget. But, if you take it on loan, it can come in your budget. For example, if you have Rs 50000 with you now, you can make a downpayment. That is, out of Rs 3,49,383 Rs 50000 decreased directly. Now the total left is Rs 2,99,383. You can take a loan on this amount.
What is the EMI to be paid on 7 year loan?
If budget is a big challenge for you then you can take this car on 7 year loan. If you take a car loan through SBI, then you will have to pay an interest of 7.70 to 13.25 percent. In such a situation, if you take a 7-year loan on Maruti Suzuki Alto at an interest rate of 7.70 percent, then you will have to pay a monthly EMI of Rs 4,622 every month.
What will be the total interest?
On Rs 2,99,383 at an interest rate of 7.70 per cent, the total interest for 7 years will be 88,834.
How much more will have to be paid on a 7 year loan?
Now the question is, how much more will you have to pay for taking a 7 year loan on Maruti Suzuki Alto. So you can understand it like this,
- You bought the base variant of Alto for Rs 3,49,383 on-road in Delhi
- You made a down payment of Rs 50000
- You took a 7 year loan for Rs 2,99,383
- You took a loan at an interest rate of 7.70 percent
- The total interest earned for the period of 7 years was Rs.88,834.
- That is, on Maruti Suzuki Alto you had to pay a total of Rs 88,834 + 2,99,383 + 50000 = 438,217
How much will it cost on a daily basis?
If you look at the monthly EMI of Rs 4,622 on a daily basis, then you will have to pay only Rs 154.06 per day. That is, you can buy Maruti Suzuki Alto (Maruti Suzuki Alto) at a daily installment of Rs 154.06 per day.
Note- There may be slight changes in the price, installment, interest rates. Before buying a car, make sure to find out about the EMI and interest rate for yourself.
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