New Delhi: Honda offers the Amaze ZX as the top variant in its compact sedan lineup in India. If you’re planning to buy this car, it’s essential to understand its pricing, EMI breakdown, and overall cost, including loan interest. Let’s dive into the details.
Honda Amaze ZX Price in India
The Honda Amaze ZX is available at an ex-showroom price of ₹9.99 lakh. However, the on-road price in Delhi includes additional costs such as:
Registration tax: ₹76,000
Insurance: ₹38,000
Fastag & other charges: ₹5,810
This brings the total on-road price of the Honda Amaze ZX to ₹11.19 lakh in Delhi.
EMI Calculation for Honda Amaze ZX
If you make a ₹2 lakh down payment, the remaining ₹9.19 lakh will need to be financed through a car loan. Assuming a 9% interest rate for 7 years, the EMI structure would be:
Loan amount: ₹9.19 lakh
Loan tenure: 7 years
Interest rate: 9%
Monthly EMI: ₹14,797
Total interest paid over 7 years: ₹3.23 lakh
Final cost of the car (including interest): ₹14.42 lakh
Honda Amaze ZX vs. Competitors
The Honda Amaze competes in the compact sedan segment against Hyundai Aura, Maruti Suzuki Dzire, and Tata Tigor. These cars offer similar features and price points, making them strong alternatives for buyers in this segment.
Conclusion
If you’re planning to buy the Honda Amaze ZX, be prepared for a ₹2 lakh down payment and ₹14,797 monthly EMI for 7 years at a 9% interest rate. In the end, the total cost of ownership (including loan interest) would be ₹14.42 lakh. Make sure to compare it with rivals like Maruti Dzire, Hyundai Aura, and Tata Tigor before making a final decision.