Auto Desk, New Delhi. Tata Punch Facelift has recently been launched in the compact SUV segment by Tata Motors, one of India's leading automobile manufacturers. If you are planning to buy the base variant of this SUV, then how much EMI will have to be paid every month after the down payment of Rs 1 lakh. We are telling you in this news.
Punch facelift has recently been launched by Tata Motors. This SUV is also offered with petrol engine. Smart is sold as the base variant of the SUV. The base variant of this SUV is offered at an ex-showroom price of Rs 5.59 lakh. If it is purchased in Delhi, then along with the ex-showroom price of Rs 5.59 lakh, registration and insurance will also have to be paid on it. To buy this car, you will have to pay registration tax of about Rs 22 thousand and insurance of about Rs 33 thousand. After which the on-road price of the vehicle in Delhi becomes Rs 6.15 lakh.
How much EMI after down payment of one lakh rupees
If you buy the base variant of Tata Punch, then the 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 5.15 lakh from the bank. If the bank gives you Rs 5.15 lakh for seven years with nine percent interest, then you will have to pay EMI of only Rs 8281 every month for the next seven years.
How much will the car cost?
If you take a car loan of Rs 5.15 lakh from a bank for seven years with an interest rate of nine percent, then you will have to pay EMI of Rs 8281 every month for seven years. In such a situation, in seven years you will pay around Rs 1.80 lakh as interest for the base variant of Tata Punch Facelift. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 7.95 lakh.
Who is there to compete with?
Punch is brought by the manufacturer in the compact SUV segment. In this segment, it competes directly with SUVs like Nissan Magnite, Renault Kiger, Hyundai Exter.
Also read- Tata Punch Facelift Vs Maruti Suzuki Baleno: Which car will be better to buy in terms of price?