Are you looking for a new compact SUV that offers great value, performance and features? If yes, then you might want to check out the new Nissan Magnite, which has been launched in India recently. The Magnite is Nissan’s answer to the growing demand for affordable and stylish SUVs in the Indian market. Magnite base model XE EMI competes with the likes of Tata Punch, Renault Kiger and Hyundai Exter.
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The Magnite is available in four variants: XE, XL, XV and XV Premium. The base variant XE is priced at Rs. 5.99 lakh (ex-showroom) in Delhi, while the top variant XV Premium (O) Turbo CVT is priced at Rs. 11.02 lakh (ex-showroom) in Delhi. The Magnite comes with two engine options: a 1.0-litre naturally aspirated petrol engine that produces 71 bhp and 96 Nm of torque, and a 1.0-litre turbocharged petrol engine that produces 99 bhp and 160 Nm of torque (152 Nm for CVT). The transmission options include a 5-speed manual and a CVT automatic.
Magnite base model XE EMI
If you are interested in buying the new Magnite base model XE in Delhi, then you might want to know the EMI, downpayment, interest rate, ex-showroom price and on-road price of the car. To help you out, we have prepared a table that shows these details for different loan tenures and interest rates. You can use this table as a reference to plan your budget and finance options.
|Loan Tenure||Interest Rate||EMI||Downpayment||Ex-Showroom Price||On-Road Price|
|5 years||8%||Rs. 12,157||Rs. 1.34 lakh||Rs. 5.99 lakh||Rs. 6.72 lakh|
|5 years||9%||Rs. 12,440||Rs. 1.34 lakh||Rs. 5.99 lakh||Rs. 6.72 lakh|
|5 years||10%||Rs. 12,727||Rs. 1.34 lakh||Rs. 5.99 lakh||Rs. 6.72 lakh|
|7 years||8%||Rs. 9,413||Rs. 1.34 lakh||Rs. 5.99 lakh||Rs. 6.72 lakh|
|7 years||9%||Rs. 9,732||Rs. 1.34 lakh||Rs. 5.99 lakh||Rs. 6.72 lakh|
|7 years||10%||Rs. 10,058||Rs. 1.34 lakh||Rs. 5.99 lakh||Rs. 6.72 lakh|
As you can see from the table, the EMI varies depending on the loan tenure and interest rate that you choose. The longer the loan tenure, the lower the EMI, but the higher the total interest that you pay over the loan period. Similarly, the higher the interest rate, the higher the EMI and the total interest that you pay over the loan period.
The downpayment is calculated as 20% of the on-road price of the car, which includes the ex-showroom price, RTO charges, insurance charges and other charges such as handling fees and accessories charges. The on-road price of the Magnite base model XE in Delhi is Rs. 6.72 lakh, which means that you have to pay a downpayment of Rs. 1.34 lakh.
The ex-showroom price of the Magnite base model XE in Delhi is Rs. 5.99 lakh, which is the price of the car before adding any taxes or charges. This is the price that you see advertised by Nissan or its dealers.
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