If you are planning to buy a Hyundai Creta base model in Upcoming Days or This Festive Season, you might be wondering how much income you need to afford it. In this article, we will help you estimate the monthly and yearly salary or income required to own a Creta base model, based on the ex-showroom price and on-road price in Delhi.
New Hyundai Creta Base Model Price
The ex-showroom price of the Hyundai Creta E (base model) in Delhi is Rs. 10.87 lakh. This is the price of the car before taxes, insurance, registration and other charges. The on-road price of the Hyundai Creta E in Delhi is Rs. 12.71 lakh. This is the final price of the car after including all the charges.
New Creta Base Model EMI and Downpayment
To calculate the monthly and yearly salary or income required to own a New Creta Base Model, we will make some assumptions:
- You take a car loan for 80% of the on-road price, i.e., Rs. 10.17 lakh.
- You pay 20% of the on-road price as down payment, i.e., Rs. 2.54 lakh.
- You choose a loan tenure of 5 years (60 months).
- You get a car loan interest rate of 9% p.a.
- You spend 30% of your monthly income on car loan EMI.
Based on these assumptions, your car loan EMI will be Rs. 21,098. This means you need to earn at least Rs. 70,327 per month or Rs. 8.44 lakh per year to afford a Creta base model in Delhi.
However, these are only rough estimates and may vary depending on your personal and financial situation. You should also consider other factors such as your existing liabilities, savings, expenses and lifestyle before deciding to buy a car.
We hope this article helps you plan your car purchase better. Happy driving!
Please Note: On Road Price for any Vehicles Vary from city to city (Different). For More Details Please Visit Your Nearby Showrooms.
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