The Hyundai Verna is a popular sedan in India, with a sleek look, powerful performance, and premium equipment. The 2023 Hyundai Verna has received various upgrades, including a new grille, LED headlamps, and alloy wheels. The automobile comes in six trim levels: EX, S, SX, SX IVT, SX Opt, and SX Turbo. The EX variation is the entry-level model, featuring a 1.5-litre petrol engine and a manual transmission.
If you are considering purchasing the 2023 Hyundai Verna base model in Delhi, you may be interested in the EMI, downpayment, interest rate, ex-showroom price, and on-road price of the vehicle. We will give you with all of the information you need to make an informed decision in this article.
EMI and Downpayment
EMI is the monthly installment that you pay to the bank or the lender for the loan amount that you borrow to buy the car. Downpayment is the initial amount that you pay to the dealer or the seller as a part of the total cost of the car.
The EMI and downpayment of the 2023 Hyundai Verna base model depend on various factors, such as:
- The ex-showroom price of the car
- The loan amount that you borrow
- The interest rate that you are charged
- The tenure or duration of the loan
- The processing fee and other charges
To give you an idea of how much EMI and downpayment you will have to pay for the 2023 Hyundai Verna base model in Delhi, we have used some assumptions. These are only indicative figures and may vary depending on your eligibility and preferences.
|Ex-showroom price||Loan amount (90% of ex-showroom price)||Interest rate||Tenure||Processing fee||Downpayment (10% of ex-showroom price + processing fee + first EMI)||EMI|
|Rs. 10.96 lakh||Rs. 9.86 lakh||10.5%||5 years||Rs. 9,867||Rs. 2.19 lakh||Rs. 21,211|
As shown in the table above, if you purchase the 2023 Hyundai Verna base model in Delhi for Rs. 10.96 lakh ex-showroom, you will need to borrow Rs. 9.86 lakh at a rate of 10.5% for a 5-year term. The loan processing charge would be Rs. 9,867. You will be required to submit a downpayment of Rs. 2.19 lakh, which includes 10% of the ex-showroom price (Rs. 1.1 lakh), the processing fee (Rs. 9,867), and the first EMI (Rs. 21,211). The EMI you would be required to pay each month for the following 59 months will be Rs. 21,211.
Ex-showroom Price and On-road Price
The price of a car before any taxes, fees, or levies levied by the state or central government or any other authority is known as the ex-showroom price. The on-road price is the total cost of driving the car home after all taxes, fees, and levies are deducted.
The ex-showroom and on-road prices of the 2023 Hyundai Verna base model differ by state and city, based on local tax rates and laws. The car costs Rs. 10.96 lakh ex-showroom in Delhi.The automobile costs Rs. 12.35 lakh on the road in Delhi. This includes the following:
- Registration charges: Rs. 64,000
- Insurance: Rs. 51,956
- RTO charges: Rs. 43,680
- Fast tag: Rs. 500
- Extended warranty: Rs. 14,999
- Other charges: Rs. 14,999
The base model of the 2023 Hyundai Verna is an excellent choice for anyone searching for a sedan that combines style, performance, and features. In Delhi, the car costs Rs. 10.96 lakh ex-showroom and Rs. 12.35 lakh on the road. The EMI and downpayment for a car are determined by the loan amount, interest rate, loan term, and processing fee. The EMI and downpayment for the car are Rs. 21,211 and Rs. 2.19 lakh, respectively, based on various assumptions and computations.
Also Read This: Kia Sonet 7 Seater: A New Compact SUV for the Indian Market