Car Finance Plan: How to Bring Home a Maruti WagonR for Just 50,000
Maruti WagonR LXI is a popular hatchback car in India. The starting price is ₹5,54,500 (ex-showroom), which increases to ₹6,04,012 on-road.
What is Maruti WagonR?
The Maruti WagonR is known for its excellent mileage and affordability. It falls within a price range of ₹3.5 lakh to ₹10 lakh, making it accessible to many buyers.
Details of the Finance Plan for Maruti WagonR
If you’re considering purchasing this car but don’t have a budget of ₹5 or ₹6 lakh, there’s no need to worry. You can take it home by making a down payment of just ₹50,000.
What is the Price?
The base model of the Maruti WagonR LXI is available for ₹5,54,500.
What is the Finance Plan?
If you have ₹50,000, banks can offer you a loan of ₹5,54,012 for this car. The annual interest rate applicable will be 9.8%.
Down Payment and EMI
Under this finance plan, you will need to deposit a down payment of ₹50,000 initially. After that, you will be required to pay an EMI of ₹13,998 every month for the next 5 years.
Engine and Mileage
The Maruti WagonR comes with a 998 cc engine that generates a power output of 55.92 BHP and a peak torque of 82.1 NM. The company claims that this car offers a mileage of 24.35 kilometers per liter, which has been certified by ARAI.
Important Information
To purchase the Maruti Suzuki WagonR LXI through this finance plan, it’s essential to have a good banking and credit score. If there are any negative reports in your banking or credit history, the bank may alter the down payment and interest rates accordingly.
FAQ
Q1: Can I buy Maruti WagonR without a credit score?
A1: No, having a good banking and credit score is necessary.
Q2: What is the mileage of Maruti WagonR?
A2: The company claims that it delivers a mileage of 24.35 kilometers per liter.
Q3: How much will the EMI be?
A3: You will need to pay an EMI of ₹13,998 each month.In summary, the Maruti WagonR is an excellent choice if you’re looking for an affordable car with high mileage.
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