- Skoda is a popular auto company in the country
- What will be the EMI for Skoda Slavia after 3 lakhs down payment?
- EMI just below 15 thousand
Like SUVs, sedan cars are also getting good demand in India. Considering this demand of the customers, many companies have offered powerful sedan cars in the market. Likewise if you are also looking for a good car in this segment Škoda Slavia can be a great option for you.
If you make a down payment of 3 lakhs for a Skoda Slavia, how much EMI will you have to pay per month? Let us know about it.
Skoda Slavia Price
The base variant of the Škoda Slavia sedan is offered as the Classic. The ex-showroom price of this mid-size sedan is around Rs 10 lakh. Buying this car requires you to pay additional charges for registration and insurance along with the ex-showroom price. Registration tax of around 1.04 lakh rupees and insurance of around 61 thousand rupees is required for this car. So the on-road price of this car is around Rs 11.67 lakh.
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How much EMI after a down payment of Rs 3 Lakh?
If you are buying the base variant of Škoda Slavia, the bank usually gives the loan only on the ex-showroom price. In such a situation, after making a down payment of Rs 3 lakh, a loan of around Rs 8.67 lakh will have to be taken.
If the bank approves this loan for 7 years at an interest rate of 9 percent, you will have to pay an EMI of around Rs 13,944 per month for the next seven years.
How much will the car actually cost?
If you take a car loan of Rs 8.67 lakh at 9 percent interest rate for 7 years, the monthly EMI will be Rs 13,944.
You will pay around Rs 3.04 lakh as interest over a period of seven years. So the total cost of this car, including ex-showroom price, on-road costs and interest, comes to around Rs 14.71 lakh.
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Competition with which cars?
In the mid-size sedan segment, Škoda Slavia directly competes with popular cars like Hyundai Verna, Volkswagen Virtus, and Honda City.
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