Kia cars are very much liked. Especially SUV cars are liked. If you are thinking of buying the HTE O variant of the Kia Seltos SUV and you do not have enough money to buy the car in cash, then you do not need to worry. You can buy the car on a down payment of Rs 3 lakh. Let us know how much EMI will have to be paid.
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Kia Seltos HTE O Price
The ex-showroom price of the Kia Seltos HTE O variant is Rs 11.19 lakh. If you buy this car in Delhi, then about Rs 1.12 lakh will have to be paid for RTO and about Rs 50 thousand for insurance. Apart from this, Rs 18119 will have to be spent. At the same time, the price of the Kia Seltos HTE O variant becomes around Rs 12.98 lakh.
How much will be the EMI on a down payment of 3 lakhs?
If you make a down payment of Rs 3 lakh to buy this base variant of Kia, then you will have to take a loan of Rs 9.98 lakh for the remaining amount. After making a down payment of Rs 3 lakh, you will have to pay an EMI of Rs 16062 every month. 7 years will be given to repay the EMI. Along with paying the bank amount, interest will have to be paid at the rate of 9 percent.
How expensive will the car be
If you take a car loan of Rs 9.98 lakh from the bank for seven years with an interest rate of 9 percent, then you will have to pay an EMI of Rs 16062 every month for seven years. In such a situation, in seven years, you will pay about Rs 3.50 lakh as interest for Kia Seltos HTE O. After which the total price of your car will be around Rs 16.49 lakh, including ex-showroom, on-road, and interest.
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Competition in the market
Kia’s Seltos HTE O is a mid-size SUV. This car competes directly with the best SUVs in the market, like the Mahindra XUV 700, Tata Harrier, MG Hector, Maruti Grand Vitara, Hyundai Creta, and Honda Elevate.