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Every person has a dream that he has his own car. Many people are working day and night to realize this dream. Many people take advantage of car loans to fulfill this dream.
There are many best auto companies in the Indian market. One of these is Tata Motors, a leading and reliable company. Tata provides the best cars in the country. Tata Harrier is one of the best cars. The company introduces this car as a mid-size SUV. If you are planning to purchase a dark edition of this car and bring home, then after making a down payment of just Rs 5 lakh, how many EMIs can you give per month to bring this SUV home? Let’s learn about it today. But before that let’s know the price of this car.
What is the cost of Tata Harrier?
Tata Harrier has been introduced in the SUV segment by Tata Motors. Its dark edition can be purchased at an ex-showroom price of Rs 19.15 lakh. If you buy this car in the capital Delhi, then its on-road price is around Rs 22.13 lakh. At this price, you will have to pay around Rs 1.94 lakh for RTO and about Rs 7285 thousand for insurance. So you have to pay Rs 19,000 as TCS fee.
What will EMI be after 5 lakhs?
If you buy a dark edition of this car, the bank will finance at an ex-showroom price. In such a situation, after a downpayment of Rs 5 lakh, you will have to take a loan of about Rs 17.13 lakh from the bank. If the bank is lending you Rs 17.13 lakh at an interest rate of 9% for seven years, then you will have to pay only Rs 27,571 EMI every month for the next seven years.
How much will the car cost?
If you take a car loan of Rs 17.13 lakh for 7 years at an interest rate of 9 percent from a bank, then you will have to give an EMI of Rs 27,571 every month for seven years. In such a situation, you will have to pay an interest of about 6 lakh rupees in seven years for the Dark Edition of Tata Harrier. After this you will have to pay the total price of the car including ex-showroom, on-road and interest, which will be around Rs 28.15 lakh.
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Who will compete with?
Tata Motors has introduced Harrier in the mid-size SUV segment. Apart from Tata Safari, the car directly competes with mid -size SUVs like Hyundai Creta, Maruti Grand Vitara, Mahindra Scorpio, Kia Celtos, Honda Elevate.