Vehicle manufacturer Skoda has many types of vehicles available in the Indian market. For example, the Skoda Slavia is sold by the company as a mid-size sedan. Now, if you are going to buy the base variant of this sedan car and make a down payment of Rs 2 lakh, then how much EMI will you have to pay every month? Let’s know about it here.
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What is the price of the Skoda Slavia?
In the Indian market, Skoda’s base variant Classic of Slavia is made available at an ex-showroom price of Rs 10.49 lakh. If you go to buy this car in Delhi, then you will have to pay road tax of about Rs 1.05 lakh, and insurance cost of about Rs 45 thousand. Apart from this, Rs 10490 will have to be paid as a TCS charge. After this, the on-road price of the Skoda Slavia Classic is Rs 12.09 lakh.
How much EMI will have to be paid after making a down payment of Rs 2 lakh
If you are going to buy the base variant Classic of this car through a finance plan and make a down payment of Rs 2 lakh, then for the remaining amount, you will have to take a loan of Rs 10.09 lakh from the bank. To pay the remaining amount, you will have to pay an EMI of Rs 16235 every month. 7 years will be given to repay the EMI. 9 percent interest will have to be paid to repay the loan.
How expensive will this car be
If you take a loan of Rs 10.09 lakh from the bank with an interest rate of 9 percent. Now you will have to pay an EMI of Rs 16235 every month for seven years. According to this, about Rs 3.54 lakh will have to be paid as interest for the base variant. After this, the total ex-showroom price of the car, on road, and interest will be around Rs 15.63 lakh.
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With whom does it compete in the market
Skoda Slavia is a mid-size sedan. This car competes directly with cars like the Hyundai Verna, Volkswagen Virtus, and Honda City in the Indian market.