Auto Desk, New Delhi. Maruti Suzuki, one of the country's leading vehicle manufacturers, sells vehicles in many segments. Maruti Fronx is offered by the manufacturer in the compact SUV segment. If you are also planning to buy the base variant of this SUV, then after making a down payment of Rs 1 lakh, you can bring it home by paying EMI of how many rupees every month. We are telling you in this news.
The base variant Sigma is offered by Maruti at an ex-showroom price of Rs 6.85 lakh. If you buy it in Delhi, the on-road price comes to around Rs 7.70 lakh. In this price, apart from the ex-showroom price of Rs 6.85 lakh, about Rs 48 thousand will have to be paid for RTO and about Rs 38 thousand for insurance.
Down payment of Rs 1 lakh, how much EMI?
If you buy the base 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 an amount of around Rs 6.70 lakh from the bank. If the bank gives you Rs 6.70 lakh for seven years with nine percent interest, then you will have to pay EMI of only Rs 10793 every month for the next seven years.
How much will the car cost?
If you take a car loan of Rs 6.70 lakh from a bank for seven years with an interest rate of nine percent, then you will have to pay EMI of Rs 10793 every month for seven years. In such a situation, in seven years you will pay around Rs 2.35 lakh as interest for the Fronx base variant. After which you will pay around Rs 10.06 lakh for the total price of the car including ex-showroom, on-road and interest.
Fronx is brought by Maruti Suzuki in the compact SUV segment. In this segment, it competes directly with SUVs like Maruti Brezza, Hyundai Venue, Kia Sonet, Kia Syros, Mahindra XUV 3XO. Apart from this, it also faces challenge from some hatchback cars in terms of price.
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