If you are looking for a compact SUV that offers a spacious cabin, a peppy engine, and a host of features, you might want to check out the Tata Punch. The Punch is the latest offering from Tata Motors that aims to cater to the urban and rural customers alike. But how much does it cost to own the new Punch Base model in Delhi? And how much salary or income do you need to afford it? Let’s find out.
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The Tata Punch Base model is the entry-level variant that comes with a 1.2-litre petrol engine that produces 87 bhp and 113 Nm of torque. It is paired with a 5-speed manual transmission and offers a fuel efficiency of 20.09 kmpl. The Punch Base model also comes with some basic features such as dual airbags, ABS with EBD, rear parking sensors, power steering, front power windows, and a digital instrument cluster.
The ex-showroom price of the Tata Punch Base model in Delhi is Rs. 5,99,900. However, this is not the final price that you have to pay to get the car on the road. You also have to factor in the RTO charges, insurance charges, and other charges such as handling fees, logistics fees, etc. The on-road price of the Tata Punch Base model in Delhi is Rs. 6,68,600, which includes all these additional costs.
Now, assuming that you want to buy the Tata Punch Base model with a loan of 80% of the on-road price for a tenure of 5 years at an interest rate of 10%, your monthly EMI would be Rs. 11,471. This means that you would need a monthly salary or income of at least Rs. 22,942 to afford the EMI comfortably. This is based on the thumb rule that your EMI should not exceed 50% of your monthly income.
If you want to buy the Tata Punch Base model with your own money without taking any loan, you would need a yearly salary or income of at least Rs. 8,02,900 to afford the on-road price comfortably. This is based on the thumb rule that your car price should not exceed one year’s income.
The following table summarizes the monthly and yearly salary or income required to own the new Punch Base model in Delhi:
| Mode of Payment | On-Road Price | Monthly EMI | Monthly Salary/Income | Yearly Salary/Income |
|---|---|---|---|---|
| Loan (80%) | Rs. 6,68,600 | Rs. 11,471 | Rs. 22,942 | Rs. 2,75,304 |
| Own Money | Rs. 6,68,600 | N/A | N/A | Rs. 8,02,900 |
As you can see, owning the new Tata Punch Base model in Delhi is not very expensive if you have a decent salary or income. However, you should also consider other factors such as maintenance costs, fuel costs, and depreciation before making your final decision.
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