Toyota Fortuner : Toyota Fortuner is one such SUV in India that everyone is crazy about. Be it poor or rich, everyone dreams of this powerful vehicle. If you also want to own Toyota Fortuner this year and are planning to finance it, then there is a news for you. It is being claimed that you can take this cool SUV home with a down payment of just ₹ 50,000! So let’s know the truth of this finance plan.
Toyota Fortuner Price: Status Symbol!
Toyota Fortuner is known for its flamboyant look, powerful engine, advanced features, powerful performance and luxury interiors. It has many variants in the Indian market, and the price of its starting model starts from around ₹ 33.43 lakh.
EMI plan on Toyota Fortuner: What is the truth?
Now let’s talk about the finance plan available on this powerful SUV. It has been told in the article that you can buy it with a down payment of just ₹ 50,000. After this, you will get a loan at 9.8% interest rate for the next 5 years, whose monthly EMI will be ₹ 60,145.
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It is worth noting here that a down payment of ₹ 50,000 for a car worth ₹ 33.43 lakh is very low and it is not possible. Usually, for such an expensive car, you will have to make a down payment of lakhs of rupees. The amount of bank loan and EMI depends on your down payment, loan tenure and interest rate.
A possible example: If you finance the base model of Toyota Fortuner (₹ 33.43 lakh ex-showroom), then you will have to make at least 10-20% down payment, which can be between ₹ 3.34 lakh to ₹ 6.68 lakh. After this, you will get a loan from the bank on the remaining amount, whose EMI can be quite different from the EMI mentioned in the article.
Powerful performance of Toyota Fortuner
Toyota Fortuner is really powerful in terms of performance. In this you get a powerful engine which enables it to run on all types of roads. It has the option of 2.7-liter petrol and 2.8-liter diesel engine, which provide great power and torque.
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