Vehicle Financing Scheme As a high-end hatchback, Maruti Suzuki sells the Maruti Baleno. How much EMI may be paid each month to bring this automobile home if you also intend to purchase the CNG version and bring it home after making a down payment of Rs 2 lakh? Tell us.
SUV class vehicles are sold alongside hatchback cars. One of the top automakers, Maruti Suzuki, offers the Maruti Baleno in the high-end hatchback market. How much EMI can you pay each month to bring it home if you intend to buy the CNG version after making a down payment of Rs 2 lakh? In this news, we are informing you.
Maruti Baleno CNG Price
Baleno with CNG is also available from Maruti. The business is offering this high-end hatchback’s CNG version for sale for Rs 8.44 lakh ex-showroom. In addition to the ex-showroom price of Rs 8.44 lakh, registration and insurance costs would need to be covered if it is purchased in Delhi. You would need to pay approximately Rs17,000 for registration tax and Rs 50 for insurance while purchasing this vehicle. Additionally, Rs 850 will need to be paid for Fastag. Following this, the car’s on-road cost in Delhi amounts to Rs 9.66 lakh.
How much EMI after down payment of Rs 2 lakh
The bank will finance the Maruti Baleno at the ex-showroom price only if you get the CNG version. In this case, you will need to obtain approximately Rs 7.66 lakh in bank financing after making a Rs 2 lakh down payment. You will only need to pay an EMI of Rs 12331 each month for the following seven years if the bank grants you Rs 7.66 lakh for seven years with 9% interest.
How much will the car cost
You will be required to pay an EMI of Rs 12331 each month for seven years if you take out a car loan of Rs 7.66 lakh from the bank with a nine percent interest rate. In this case, you will spend around Rs 2.69 lakh in interest for the Maruti Baleno CNG model over a seven-year period. After that, your automobile will cost around Rs 12.35 lakh in total, including ex-showroom, on-road, and interest.
Who is competing with
Maruti Suzuki offers the Baleno in the high-end hatchback market. Its direct competitors in this market are the Hyundai i20, Toyota Glanza, and Tata Altroz. In addition, vehicles such as the Nissan Magnite, Renault Kiger, Maruti Swift, and Fronx compete with it in terms of pricing.
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