Maruti S-Presso: If you’ve been dreaming of buying your first car but have been repeatedly postponing it due to budget constraints, Maruti Suzuki’s S-Presso offers a truly remarkable opportunity. You can own this mini-SUV with a modest down payment of just ₹2 lakh. This hatchback is considered the most affordable and reliable option for middle-class families seeking to escape heavy traffic, dust, and the scorching sun.
Its low maintenance and excellent mileage make it a strong competitor to the Renault Kwid and Alto K10 in the market. Today, we’ll explore its on-road price in a city like Delhi and how much monthly EMI will cost you after depositing ₹2 lakh.
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On-Road Price and Registration
Before buying a car, it’s crucial to understand its full cost, as there are numerous government and legal expenses beyond the showroom price. The ex-showroom price of the base variant of the Maruti Suzuki S-Presso is currently ₹3.50 lakh. If you buy this car in Delhi, you’ll have to spend around ₹15,000 in RTO fees and around ₹18,000 for insurance. Additionally, you’ll have to pay around ₹600 for Fastag and other minor fees. After all these formalities, the total on-road price of the Maruti Suzuki S-Presso in Delhi comes to around ₹3.86 lakh, making it a budget-friendly car.
₹2 Lakh Down Payment
If you make a cash down payment of ₹200,000 to purchase the base variant of the Maruti Suzuki S-Presso, the remaining amount is financed by a bank loan. In this case, you’ll need to take out a loan of approximately ₹1.86 lakh from the bank. If the bank, based on your profile, offers you this loan for 7 years (84 months) at an annual interest rate of 9 percent, your monthly installment (EMI) will be only ₹3,004. This expense comes to around ₹100 per day, which is equivalent to the petrol cost of an average bike. This low installment doesn’t put a significant strain on your monthly household budget, allowing you to easily fulfill your car dream.
Interest Burden on a 7-Year Loan
While taking a car loan is convenient, you have to pay additional interest along with the principal amount over the long term. If you take a car loan of ₹1.86 lakh at an interest rate of 9 percent for 7 years, you’ll pay a total of approximately ₹65,000 to ₹66,000 to the bank in interest alone over the entire period. This means that, including the car’s ex-showroom price, on-road registration charges, and loan interest, the car will ultimately cost you around ₹4.52 lakh. However, paying in small installments rather than arranging a large sum of money at once has always been a smart and stress-free way for middle-class families.
Why Choose the Maruti S-Presso
In the hatchback segment, the Maruti S-Presso competes directly with established vehicles like the Maruti Alto K10, Renault Kwid, and Hyundai Grand i10 Nios. However, the S-Presso is highly sought after by customers due to its high seating position and bold SUV-like appearance. Its high ground clearance easily absorbs the potholes of Indian roads, keeping the underbody protected. Furthermore, Maruti’s extensive service network ensures you don’t have to worry about spare parts or mechanics, whether in the city or the countryside. Its excellent resale value is also considered one of the strongest in this segment, making your investment completely secure.