If you’re looking to buy a new, stylish, and highly reliable scooter, the Suzuki Access 125 could be an excellent choice. The availability of affordable financing options has made purchasing a new vehicle easier than ever. Instead of making a full down payment, you can opt for convenient monthly installments (EMIs). You can instantly own the Suzuki Access 125 scooter by paying a down payment of just ₹10,000 and taking a bank loan for the remaining amount. Let’s explore the finance details, on-road price, and EMI calculations for this popular scooter in detail.
Suzuki Access 125 On-Road Price in Delhi
Suzuki offers the Access scooter in four variants, with ex-showroom prices starting at ₹77,284 and going up to ₹93,877 in Delhi. Ex-showroom prices may vary by state and district, so please contact your local dealer for the exact price. We’re calculating the finance details for the base variant, the Standard Edition, which costs ₹77,284 ex-showroom. After the ex-showroom price, ₹9,752 will be added for RTO (road tax), ₹6,339 for insurance, and ₹1,115 for other expenses. After adding all these expenses, the total on-road price of the scooter will be ₹94,490.
Finance and EMI
If you decide to purchase the Suzuki Access 125 (base variant) with a down payment of ₹10,000, you’ll need to take out a bank loan to cover the remaining amount. After subtracting the ₹10,000 down payment from the total on-road price of ₹94,490, you will need to take a bank loan of ₹84,490.
The amount of your monthly installment (EMI) will depend on the loan tenure and interest rate you choose. Suppose you take a loan of ₹84,490 for a long term of 5 years (60 months) and the bank’s interest rate is 7.95% per annum (for example), your monthly EMI will be approximately ₹1,795. Based on this calculation, you will pay a total interest of ₹23,220 to the bank over 5 years, and the total cost of the scooter (down payment + total loan repayment) will be ₹1,17,710.
Key points about finance
This monthly installment calculation is only an estimate. Interest rates and loan terms vary depending on the bank and your credit score. Importantly, if you prepay your loan, you’ll pay less interest to the bank, reducing your overall cost. Furthermore, if you extend your loan repayment term, your monthly EMI will decrease, but the total interest will increase. Conversely, reducing the term will increase the EMI, but reduce the interest.
