Dreaming of cruising in the stylish and feature-packed Hyundai Exter? Hold your enthusiasm! Before you zoom off, let’s navigate the financial roadmap. This article dives deep into the various finance options available for the Exter, empowering you to make an informed decision that fits your budget.
Why Choose the Hyundai Exter?
The Exter isn’t just another compact SUV; it’s a head-turner packed with premium features and safety measures. Here’s what sets it apart:
- First-in-segment voice-enabled electric sunroof: Control your sunroof with simple voice commands, adding a touch of luxury to your drives.
- Safety first: From dual dashcams for recording your journeys to 6 airbags and a host of other features, the Exter prioritizes your well-being.
- Connected car technology: Stay in control with over 60 connected car features, including remote access, location tracking, and more.
- Fuel efficiency leader: Choose between the peppy petrol engine offering 19.4 kmpl or the eco-friendly CNG option delivering 27.1 kmpl, ensuring fuel-efficient drives.
Tailored Finance Options for Your Exter Dream
Now, let’s talk about making your Exter dream a reality. Here are your financing options:
- Down payment and loan: Make a down payment of ₹1 lakh and finance the remaining amount through a loan. Remember, a higher down payment reduces your loan amount and ultimately, your EMIs.
- Loan options: Explore loans from various banks, financial institutions, or even Hyundai’s own financing arm, Hyundai Motor India Finance. Compare interest rates, processing fees, and tenures to find the best deal.
- Pre-approved loans: Check if you qualify for a pre-approved loan from your bank or credit card company. These often offer lower interest rates and faster processing times.
Let’s Crunch the Numbers:
Let’s take the base variant EX, with an on-road price of ₹6,87,466. With a ₹1 lakh down payment, your loan amount becomes ₹5,87,466. If you opt for a 5-year loan with a 9.8% interest rate, your monthly EMI would be around ₹13,080. Keep in mind that interest rates and EMIs can vary depending on your credit score, loan tenure, and lender.
Beyond the Basics:
Remember, there’s more to financing than just EMIs. Here are some additional factors to consider:
- Processing fees: Ask about processing fees associated with the loan and factor them into your budget.
- Foreclosure charges: Understand the charges you’ll incur if you decide to prepay your loan before the term ends.
- Additional insurance: Consider add-on insurance options for comprehensive coverage.
