Maruti Wagon R: Maruti Wagon R, one of the popular cars of Maruti Suzuki in the hatchback segment in India, is offered to the customers. This car is known for its excellent mileage, affordable price, and comfortable driving experience. Maruti Suzuki offers this car in both petrol and CNG variants.
If you are thinking of buying its base variant (LXI) with a petrol engine and you have only Rs 1 lakh to pay the down payment, then let us know how much EMI you will have to pay every month. In today’s article, we are going to tell you in detail about the price, loan, EMI, and total cost of the Maruti Wagon R LXI.
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Maruti Wagon R LXI Price
In the Indian market, if you go to buy the base variant LXI model of Wagon R today, then its ex-showroom price is Rs 5.54 lakh. If you buy it in Delhi, then the RTO fee will be around Rs 22,000 and the insurance cost will be around Rs 27,000. After adding all these expenses, the total on-road price of this car becomes around Rs 6.14 lakh.
Loan and Down payment
If you have only Rs 1 lakh to pay the down payment, then after this you will have to take a loan of the remaining Rs 5.14 lakh from the bank. The bank usually offers car loans at an interest rate of 9%. If you take a loan for 7 years (84 months), then you will have to pay a fixed EMI every month. After this, if you calculate, your EMI every month will be Rs 8,282. That is, you will have to pay an installment of Rs 8,282 every month for 84 months. Now if this loan is repaid for the entire 7 years, then the total interest amount will be around Rs 1.80 lakh. That is, after a down payment of Rs 1 lakh, you will have to buy this car for a total of Rs 7.95 lakh.
Buy Maruti Wagon R LXI Or Not
If you are looking for an affordable and reliable hatchback car, then the Maruti Wagon R LXI can be a great option. Its mileage is excellent, maintenance cost is low, and its resale value is also good. Apart from this, safety features and comfortable interiors make it a great family car. In comparison, cars like Tata Tiago, Renault Kwid, Maruti Celerio, and Maruti S-Presso are also available in the market. If you want better features, more mileage, or stylish looks, then you can also consider these options.
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