Auto Desk, New Delhi. Virtus is offered for sale in the Indian market by Volkswagen, one of India's leading vehicle manufacturers. If a down payment of Rs 2 lakh is made to buy the base variant of this mid-size sedan car offered by the company, then how much EMI will have to be paid every month? We are telling you in this news.
Comfortline is offered by Volkswagen as the base variant of Virtus. The company is making the base variant of this mid-size sedan car available for sale at an ex-showroom price of Rs 10.50 lakh. If it is purchased in Delhi, then along with the ex-showroom price of Rs 10.50 lakh, registration and insurance will also have to be paid on it. To buy this car, you will have to pay a registration tax of around Rs 1.05 lakh and insurance of around Rs 45 thousand. Apart from this, TCS charge of about Rs 10 thousand will also have to be paid on this. After which the on-road price of the vehicle in Delhi becomes Rs 12.10 lakh.
How much EMI after down payment of Rs 2 lakh?
If you buy Comfortline, the base variant of Volkswagen Virtus, 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 2 lakh, you will have to finance an amount of around Rs 10.10 lakh from the bank. If the bank gives you Rs 10.10 lakh for seven years with nine percent interest, then you will have to pay EMI of only Rs 16251 every month for the next seven years.
How much will the car cost?
If you take a car loan of Rs 10.10 lakh from a bank for seven years with an interest rate of nine percent, then you will have to pay EMI of Rs 16251 every month for seven years. In such a situation, in seven years you will pay around Rs 3.55 lakh as interest for the base variant Comfortline of Volkswagen Virtus. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 15.65 lakh.
Who is there to compete with?
Virtus is brought by Volkswagen in the mid-size sedan car segment. In this segment, it competes directly with cars like Skoda Slavia, Hyundai Verna, Honda City.
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