Are you seeking a spacious, stylish, and feature-rich SUV? If so, look no further than the 2024 MG Hector Top Model. Thanks to its attractive design, powerful performance, and intelligent technology, the Hector is one of India’s most popular SUVs. But how much does it cost to own and purchase the Hector Top Model? Discover everything you need to know about the 2024 MG Hector Top Model EMI, downpayment, interest rate, ex-showroom price, and on-road price in Delhi in this blog post.
2024 MG Hector Top Model EMI and Downpayment Explained
Your affordability and car purchase budget are significantly influenced by the EMI and downpayment. The monthly installment you pay to the bank or lender for the loan borrowed to buy the car is known as the EMI. As a portion of the car’s total cost, you must pay the downpayment upfront to the dealer or seller.
The following factors significantly influence the EMI and downpayment:
- Ex-showroom price of the car
- Loan amount borrowed
- Chosen loan duration
- Received interest rate
- Processing costs and other applicable fees
In Delhi, the 2024 MG Hector Top Model (Savvy Pro CVT)’s ex-showroom price is Rs. 21.73 lakh. The on-road price of the same model in Delhi, which includes registration costs, insurance fees, road tax, and other fees, is Rs. 25.64 lakh.
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We have created a table showing the EMI and downpayment for various loan amounts, loan durations, and interest rates based on this information. You can compare various options and choose the one that best meets your needs using this table as a reference.
| Loan Amount | Loan Tenure | Interest Rate | Downpayment | EMI |
|---|---|---|---|---|
| Rs. 15.32 lakh | 60 months | 9.8% | Rs. 2.50 lakh | Rs. 47,680 |
| Rs. 17.00 lakh | 60 months | 9% | Rs. 1.70 lakh | Rs. 44,704 |
| Rs. 18.00 lakh | 60 months | 8.5% | Rs. 1.00 lakh | Rs. 45,972 |
| Rs. 19.00 lakh | 60 months | 8% | Rs. 0 lakh | Rs. 46,096 |
As you can see from the table, the EMI and downpayment vary depending on the loan amount, loan duration, and interest rate you choose. For more accurate calculations based on your specific requirements, you can also use an online EMI calculator.
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2024 MG Hector Top Model Ex-Showroom Price vs. On-Road Price
The ex-showroom price and the on-road price are two different ways to express the cost of a car. The ex-showroom price is the price the manufacturer or dealer charges for the vehicle without any additional costs like registration fees, insurance fees, road tax, and other fees. All of these additional costs are included in the on-road price, which reflects the true financial burden of owning and operating a car.
The ex-showroom price of the 2023 Hector Top Model (Savvy Pro CVT) in Mumbai is Rs. 22.01 lakh, while the on-road price is Rs. 27.28 lakh. This demonstrates how crucial it is to examine both the ex-showroom and on-road costs of a car before making a purchase choice.
Conclusion
The 2023 Hector Top Model is a fantastic SUV that gives you a lot of value for your money in terms of style, performance, and features. Before making a purchase, though, you should be aware of the EMI, downpayment, interest rate, ex-showroom price, and on-road price of the car in your city or region.
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