There are many great companies in the Indian automobile market, which are offering the best cars. One such company is Honda. Honda has offered many great cars in the country. Consumers always respond well to vehicles in the SUV segment. The company has offered the Honda Elevate in this segment. ADV Edition of this car has also been launched recently. Let’s know how much EMI you have to pay for this car every month after a down payment of 2 lakhs?
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Honda Elevate SUV ADV Edition has recently been launched. The company is selling the base variant of this mid-size SUV at an ex-showroom price of Rs 15.29 lakh. If buying this car in Delhi, along with the ex-showroom price of Rs 15.29 lakh, registration tax and RTO charges will also have to be paid. To buy this vehicle, one has to pay Rs 1.53 lakh RTO and Rs 69 thousand insurance. 15290 as TCS fee also has to be paid. After that, the on-road price of this car will be Rs 17.66 lakh.
If you buy the ADV Edition of Honda Elevate SUV, the bank will provide you the loan on the basis of ex-showroom price. After making a down payment of Rs 2 lakh you will need to take a bank loan of around Rs 15.66 lakh. If a bank gives you a loan of Rs 15.66 lakh at 9% interest and for a tenure of 7 years, you will have to pay an EMI of Rs 25,199 every month for the next seven years.
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If you take a car loan of Rs 15.66 lakh for 7 years at 9% interest rate, you are obligated to pay an EMI of Rs 25,199 per month for seven years. During this period you will pay a total of around Rs.5.50 lakhs as interest. So, the total price of this new edition of Honda Elevate will be around Rs 23.16 lakhs including ex-showroom + on-road + interest.
The Honda Elevate is introduced in the mid-size SUV segment. In this segment, the car directly competes with SUVs like Hyundai Creta, Kia Seltos, Tata Harrier, Maruti Grand Vitara, and Toyota Urban Cruiser Hyryder.
