New Delhi. India’s leading automobile company Maruti Suzuki offers affordable and best vehicles in the Indian market. Of these, Maruti Alto K10 is known as the most economical hatchback car. If you are thinking of buying its cheapest LXI variant and want to know how much your monthly EMI will be after a down payment of Rs 1 lakh, then this information can be useful for you.
Maruti Alto K10 STD Price
The STD variants of the Maruti Alto K10 have been made available as the cheapest automatic model in the Indian market. The ex-showroom price of this car is Rs 4.09 lakh. During the purchase in Delhi, it will also have to add registration tax and RTO fee.
- RTO Fee: Around Rs 16,000
- Insurance (Insurance): Around 22,000 rupees
With these additional expenses, the on-road price of this car in Delhi reaches Rs 4,47,591.
What will be EMI on a down payment of 1 lakh rupees?
If you buy the cheapest variants of this car under the finance plan, then you will get a loan from the bank at an ex-showroom price. After a down payment of Rs 1 lakh, you will have to take a loan of Rs 3,47,591.
- Interest Rate: 9%
- Loan period: 7 years
- Monthly EMI: Rs 5,540
According to this, you will have to pay a installment of Rs 5,540 every month for the next 7 years.
What will be the total cost of the vehicle?
If you take a loan for this car at 9% interest rate for 7 years, then the total interest will be Rs 1.17 lakh. In this way, you have to add the following expenses at the total price of the car:
- Ex-showroom price: 4.09 lakh rupees
- On-road price: 4.47 lakh rupees
- Total interest: Rs 1.17 lakh
In this way, after 7 years, the total cost of your Alto K10 will be around Rs 5.65 lakh.
Alto K10 competes with which cars?
Maruti Alto K10 directly competes with other vehicles in the entry-level hatchback segment, including:
- Hyundai Grand i10 Nios
- Renault kwid
All these cars come with the best features at affordable prices. If you are looking for a budget-friendly car in this segment, Alto K10 can be a great option.
