‘This’ Automatic Car attracts customers! EMI will be ‘that much’ after down payment of 2 lakh, know simple calculation

• Automatic cars are in good demand in India
• Special demand for Automatic Variant of Skoda Kylaq
• What will be the EMI after a down payment of 2 lakhs? find out

Various types of cars can be found in India. In this too, many customers have started liking automatic cars. The reason for this is the automatic gearbox. This makes the riding experience even better and more comfortable. In India we see many automatic cars.

Škoda has offered many excellent cars in the Indian market. Skoda also offers the Kylaq in the Indian market. The automatic transmission variant of this SUV is proving to be particularly popular among customers. If you are planning to buy this car, how much EMI can you pay per month after making a down payment of 2 lakhs to bring this car home? Let us know about it.

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Skoda Kylaq Price

Skoda offers the Classic AT as an automatic variant of the Kylaq. The Classic AT variant of this SUV is available at an ex-showroom price of Rs 9.25 lakh. If you want to buy this car, you will have to pay an ex-showroom price of Rs 9.25 lakh, plus registration tax and RTO charges.

To buy this car, you will have to pay approximately Rs 65000 for RTO charges and approximately Rs 40000 for insurance. This brings the on-road price of this car to Rs 10.30 lakhs.

What will be the EMI after a down payment of 2 lakhs?

If you are buying the top-of-the-line automatic variant of the Skoda Kylaq, bank finance can be availed only on the ex-showroom price. In such a scenario, a loan of approximately Rs.8.30 lakh would have to be taken after making a down payment of around Rs.2 lakh. If the bank approves this loan for a period of seven years at an interest rate of 9 percent, the EMI will be around Rs 13,355 per month for the next seven years.

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How expensive will the car be?

If you take a car loan of Rs 8.30 lakh for seven years at an interest rate of 9 percent, you will have to pay an EMI of Rs 13,355 per month for seven years. Thus you will have to pay around Rs 2.91 lakh only as interest over the entire period. As a result, the total cost of this car, including ex-showroom price, on-road costs and interest, can go up to approximately Rs 13.21 lakh.

Who is the competition?

Skoda Auto has introduced this car in the compact SUV segment. In this segment the car directly competes with popular compact SUV models like Tata Nexon, Hyundai Venue, Kia Sonet, Kia Syros, Maruti Brezza, Mahindra XUV 3XO, Nissan Magnite and Renault Kiger.