If you are also one of those people in India who are dreaming of buying their first car, then the Tata Punch can be a great option. This compact SUV not only looks stylish, but its strong build quality and features also make it special. But the question is that if you buy its base variant, then you will get it for just Rs 2 lakh. Let us give you complete details.
Tata Punch
The craze forSUVsV is increasing day by day in the Indian market. In such a situation, Tata Motors has introduced its Punch as an affordable, stylish and tough SUV. This car gives excellent performance from urban roads tthe o bad road conditions of the village. If you are also planning to buy its base variant (Pure), then let us know how much you will have to spend.
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Tata Punch Price
The ex-showroom price of the base variant (Pure) of the Tata Punch is Rs 5.99 lakh. But when you buy it at the on-road price, registration, insurance and other charges are added to it. Like its on-road price in Delhi becomes around Rs 6.62 lakh.
Down payment
If you made a down payment of Rs 2 lakh to buy the base variant of the Tata Punch. In such a situation, the bank will give you a loan of Rs 4.62 lakh. If you take this loan for 7 years (84 months) at 9% interest rate, then your EMI will be Rs 7,442 per month.
Total Expenses
If you pay EMI for 7 years, then in total you will pay Rs 6.25 lakh (original loan + interest). If you add your down payment (2 lakhs) and on-road price (6.62 lakhs) to this, then the total cost of the car will be Rs 8.25 lakh. If you take a loan for a short period, then the EMI may increase, but the interest will be less.