Auto Desk, New Delhi. The new Renault Triber is offered by Renault in the budget MPV segment in the Indian market. If you are planning to buy the AMT variant of this Renault car, then how much EMI can it bring home after paying a down payment of Rs 1 lakh? We are telling you in this news.
Triber is offered by Renault in the budget MPV segment. The ex-showroom (Renault Triber Emotion AMT Price) price of its AMT variant is Rs 8.38 lakh. If this car is purchased in Delhi, then about Rs 59 thousand will have to be paid for RTO and about Rs 37 thousand for insurance. After which Renault Tiber AMT on road price becomes around Rs 9.35 lakh.
How much EMI after one lakh down payment
If you buy the AMT variant of this vehicle, then financing will be done by the bank at the ex-showroom price only. In such a situation, after making a down payment of Rs 1 lakh, you will have to finance around Rs 8.35 lakh from the bank. If the bank gives you Rs 8.35 lakh for seven years with 9 percent interest, then you will have to pay EMI of Rs 13431 every month for the next seven years.
How much will the car cost?
If you take a car loan of Rs 8.35 lakh from a bank for seven years with an interest rate of 9 percent, then you will have to pay EMI of Rs 13431 every month for seven years. In such a situation, you will pay around Rs 2.93 lakh as interest for Renault Triber AMT in seven years. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 12.28 lakh.
Who is there to compete with?
Triber is offered by Renault as a company budget MPV. From the company's side, this vehicle competes directly in the market with budget MPV cars like Maruti Ertiga, Kia Carens. Apart from this, it also faces challenge from SUVs of entry level segment.