Hyundai Creta: Acquiring a luxury vehicle is often regarded as a dream for individuals in the middle class. Nevertheless, there are several cars available in the market that offer premium aesthetics and robust safety features at a more affordable price point.
If you are seeking a vehicle that exudes a sense of luxury within a budget of 15-20 lakhs, this information will be beneficial to you. This article highlights an SUV that combines power with affordability: the Hyundai Creta. It is also recognized as one of the best-selling vehicles in the domestic market. Let us examine its on-road price, as well as the calculations for EMI and down payment.
Hyundai Creta On-Road Price and EMI calculation
In the domestic market, the ex-showroom price of the Hyundai Creta ranges from Rs 11.11 lakh to Rs 20.42 lakh. It is offered in various variants, including E, EX, S, S(O), SX, SX Tech, and SX(O). Among these, the SX (Petrol) model is the most popular. The on-road price for the Creta SX (Petrol) model in Delhi is Rs 17.80 lakh, which encompasses Rs 1.61 lakh for RTO charges, Rs 61 thousand for insurance, and an additional Rs 15 thousand in fees. If purchased outright, the total cost for the Creta will be approximately Rs 18 lakh.
Alternatively, financing through a car loan is also an option. For instance, if you make a down payment of Rs 1 lakh for the Hyundai Creta SX (Petrol) variant, you would then secure a loan for the remaining Rs 16.80 lakh at an interest rate of 9 percent, assuming a favorable credit score. If you opt for a loan term of 5 years, your EMI would be around Rs 35 thousand. Conversely, if you choose a 7-year loan term, the EMI would reduce to approximately Rs 27 thousand.
Interest Charges
Should you decide to finance the Hyundai Creta SX (Petrol) variant through a loan, the total amount payable over 5 years will reach Rs 21 lakh, even after the initial down payment of one lakh. Consequently, by the time the loan for the Creta is fully repaid, the total expenditure will amount to approximately Rs 22 lakh, resulting in an additional cost of around Rs 4 lakh.