If you’re seeking for a sleek and large SUV with innovative amenities and safety systems, the 2023 Honda Elevate is a good option. This is a new Honda model with a powerful 1.5-litre Petrol engine, a 10.25-inch touchscreen infotainment system, and Honda SENSING, an advanced driver assistance system. We will compare the ex-showroom and on-road prices of the 2023 Honda Elevate Top Model in Delhi in this blog post, as well as provide an estimate of the EMI, down payment, and interest rate for a car loan.
2023 Honda Elevate Top Model Ex-showroom price and on-road price
The ex-showroom price is the price at which the dealer sells you the car, excluding taxes, registration, and insurance. The on-road price is the total cost of getting the car on the road, including all fees and taxes. The on-road cost will vary depending on your location, car type, and optional options.
Here is a table that shows the difference between the ex-showroom price and the on-road price of the 2023 Honda Elevate top model in Delhi.
| Component | Amount (in Rs.) |
|---|---|
| Ex-showroom price | 16 lakh |
| GST | 2.88 lakh |
| Registration charges | 1.6 lakh |
| Road tax | 1.28 lakh |
| Insurance | 80,000 |
| Handling charges | 10,000 |
| Essential accessories | 20,000 |
| Extra accessories | 50,000 |
| On-road price | 22.66 lakh |
2023 Honda Elevate Top Model EMI, down payment, and interest rate
If you want to buy the 2023 Honda Elevate top model in Delhi with a car loan, you will need to pay a certain amount as down payment and then pay monthly installments (EMI) for a fixed tenure. The EMI will depend on the loan amount, interest rate, and tenure. The interest rate will vary depending on the lender, your credit score, and other factors.
Here is an example of how to calculate the EMI, down payment, and interest rate for a car loan of Rs. 18 lakh for a tenure of 5 years at an interest rate of 10% p.a.
| Component | Amount (in Rs.) |
|---|---|
| Loan amount | 18 lakh |
| Interest rate | 10% p.a. |
| Tenure | 5 years |
| EMI | 38,356 |
| Total interest payable | 5.01 lakh |
| Total payment (principal + interest) | 23.01 lakh |
To get this loan amount, you will need to pay a down payment of Rs. 4.66 lakh (22.66 lakh – 18 lakh), which is around 20% of the on-road price.
You can use online EMI calculators to find out different scenarios of EMI, down payment, and interest rate for different loan amounts, tenures, and interest rates.
Summary
The 2023 Honda Elevate top model is a premium SUV that offers a lot of features and comfort for its buyers. However, it also comes with a high price tag that includes various taxes and charges. The ex-showroom price of the car in Delhi is Rs. 16 lakh, while the on-road price is Rs. 22.66 lakh. If you want to buy it with a car loan, you will need to pay a down payment of around Rs. 4.66 lakh and then pay an EMI of around Rs. 38,356 for a tenure of 5 years at an interest rate of 10% p.a.
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