If you are looking for one of the most affordable cars in the Indian market, then Renault Kwid is a great option. This affordable car, which competes with the Maruti Suzuki Alto K10, is known for offering more features and great mileage at a low price. If you need a small and budget-friendly car for daily city driving, then you can consider Kwid.
So if you too want to buy Kwid, then in this article we have brought for you the complete calculation of Renault Kwid’s on-road price, down payment and EMI! Yes, you can finance this car without much burden by making a down payment of just ₹ 1 lakh!
Buy it for just ₹ 1 lakh
In the Indian market, the ex-showroom price of the base variant of Kwid is only ₹ 4.70 lakh. At the same time, its on-road price in the capital Delhi goes up to about ₹ 5.24 lakh. This on-road price includes RTO charges of ₹ 25,110 and insurance of ₹ 29,176. So if you are thinking of financing the Kwid, you need to know what the initial cost will be.
Dream car in easy installments
Suppose, you make the down payment of 1 lakh rupees for Kwid mini SUV. In such a situation, you will have to take a car loan of about ₹ 4.24 lakh from the bank. Now if your credit/civil score is good and you get a loan from the bank at an interest rate of 9 percent, then what will be your EMI? Let’s understand.
If you finance the car for 5 years, then you will have to pay an EMI of about ₹ 9 thousand. This means that on the purchase of Renault Kwid, you will have to pay interest of about ₹ 1.25 lakh in 60 installments. This is an estimated figure, which may change according to your loan tenure and interest rate.
Engine and Mileage
The Renault KWID hatchback gets the 1-litre petrol engine option, which will generates 68 PS of power and the 91 Nm of torque. It has 5-speed manual / 5-speed automatic transmission options depending on the variant. This car is capable of delivering mileage ranging from 21.46 to 22.3 kmpl, making it an economical option for daily driving.
Features and Safety
The interior of the Renault KWID gets features like 8-inch touchscreen infotainment system, Android Auto, Apple CarPlay, keyless entry, manual AC. For safety, it has features like dual front airbags, EBD and rear parking sensor, which also make this budget-friendly car safe.