If you are planning to buy a new Nexon Facelift base model car in Delhi, you might be wondering how much salary or income you need to afford it. In this blog post, we will compare the ex-showroom price, on-road price, and monthly and yearly EMIs of the Nexon Facelift base model in Delhi, and estimate the minimum salary or income required to own it.
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New Nexon Facelift base model (Smart) Price and EMI
The ex-showroom price of the Nexon Facelift base model (Smart) in Delhi is Rs. 8.10 lakh, and the on-road price is Rs. 9.20 lakh. This includes the RTO charges, insurance, and other costs. Assuming you take a loan of Rs. 8.00 lakh for 5 years at an interest rate of 10%, your monthly EMI would be Rs. 16,992, and your yearly EMI would be Rs. 2,03,904.
To own the Nexon Facelift base model in Delhi, you need to have a monthly salary or income of at least Rs. 33,984, which is twice the monthly EMI. This is based on the rule of thumb that your car loan EMI should not exceed 50% of your monthly income. Similarly, your yearly salary or income should be at least Rs. 4,07,808, which is twice the yearly EMI.
The table below summarizes the price and salary or income details of the Nexon Facelift base model in Delhi.
|Price/Salary/Income||Amount (in Rs.)|
|Monthly salary/income (minimum)||33,984|
|Yearly salary/income (minimum)||4,07,808|
As you can see, owning a new Nexon Facelift base model in Delhi is not a cheap affair. You need to have a decent salary or income to afford it. However, if you are passionate about cars and want to enjoy the features and performance of the Nexon Facelift base model, you can consider saving up some money for the down payment and reducing the loan amount and interest rate. and choose the one that suits your budget and preferences.
We hope this blog post was helpful and informative for you. If you have any questions or feedback, please leave a comment below. Thank you for reading!