Maruti Alto 800: Many cars in the entry-level segment are available at low rates in the Indian market. If you are thinking of buying an entry-level car then you can buy Maruti Alto 800. You can buy this car (STD Petrol) by making a down payment of 32 thousand rupees.
Currently, the starting price of this car is Rs 2.94 lakh and this car is also available in CNG kit with a petrol engine. It has been performing brilliantly in the domestic market for the last two decades, making it one of the most sold cars not only of the company but of the country.
For this, you have to pay an EMI of Rs 6,185 per month. This EMI will be for 5 years i.e. 60 months. The total loan amount will be Rs 2,92,460 during this period. But you have to pay a total of Rs 3,71,100 with interest. In this way, you have to pay a total of Rs 78,640 as interest.
On the other hand, if you decide a loan period of 6 years, then you have to take a total loan of Rs 2,92,460, on which you will have to pay a total of 3,88,008. That is, you have to pay Rs 95,548 as interest within 6 years. At the same time, there will be a down payment of 32 thousand rupees. The company will charge you a total interest of 9.8 percent.
Apart from this, you will also get a loan of 7 years term on this car. You have to make a total down payment of 32 thousand rupees. After this, you have to pay a total of Rs 4,05,300. That is, you have to pay Rs 1,12,840 as interest out of the total amount.