Hyundai Exter is a compact SUV that offers a spacious cabin, stylish design, and impressive features. If you are planning to buy a new Hyundai Exter base model in Delhi, you might be curious about how much you need to earn to afford it. In this article, we will help you answer that question by providing some estimates of the monthly and yearly salary / income required to buy a new Hyundai Exter base model in Delhi.
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Ex-Showroom Price and On Road Price of New Hyundai Exter Base Model in Delhi
The first thing you need to know is the ex-showroom price and the on road price of the new Hyundai Exter base model in Delhi. The ex-showroom price is the price at which the dealer sells the car to you, excluding taxes, registration, insurance, and other charges. The on road price is the final price that you pay to drive the car home, including all the additional charges.
According to ZigWheels, the ex-showroom price of the new Hyundai Exter base model (EX 1.2 MT) in Delhi is Rs. 5.99 Lakh. The on road price of the same model in Delhi is Rs. 6.71 Lakh, which includes Rs. 32,996 for RTO (road tax), Rs. 36,101 for insurance, and Rs. 2,000 for other charges.
Monthly and Yearly Salary / Income Required to Buy a New Hyundai Exter Base Model in Delhi
Now that you know the ex-showroom price and the on road price of the new Hyundai Exter base model in Delhi, you can calculate how much monthly and yearly salary / income you need to buy it. To do this, you need to make some assumptions about your loan amount, interest rate, loan tenure, down payment, and EMI (equated monthly installment).
For simplicity, let us assume that you take a loan of Rs. 5 lakh at an interest rate of 10% per annum for a period of 5 years (60 months). This means that your EMI will be Rs. 10,624 per month. You also need to make a down payment of Rs. 1.71 lakh (25% of the on road price) and pay Rs. 69,097 for registration and insurance.
To afford this EMI, you need to have a monthly salary / income of at least Rs. 21,248 (assuming that you spend 50% of your income on EMI). This translates to a yearly salary / income of at least Rs. 2.55 lakh (assuming that you have no other sources of income or expenses).
The following table summarizes the above calculations:
|Rs. 5.99 Lakh
|On Road Price
|Rs. 6.71 Lakh
|Rs. 5 Lakh
|10% per annum
|5 years (60 months)
|Rs. 10,624 per month
|Rs. 1.71 Lakh
|Registration and Insurance
|Monthly Salary / Income Required
|Yearly Salary / Income Required
|Rs. 2.55 Lakh
Buying a new Hyundai Exter base model in Delhi is an affordable option for many people who are looking for a compact SUV with good features and performance. However, you still need to have a decent amount of income and savings to finance your purchase and pay the EMIs comfortably.
We hope this article has given you some useful information and guidance on how much you need to earn to buy a new Exter base model in Delhi. If you have any questions or feedback, please feel free to leave a comment below.
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