Automobile Desk – Brezza vs Venue: There is always a tough competition between Maruti Suzuki Brezza and Hyundai Venue in the sub-compact SUV segment smaller than 4-meter in the Indian automobile market. Both these vehicles are not only comfortable to drive in city traffic, but are also considered an excellent option for long distance journeys. In recent times, Brezza has seen many new changes and updates, while Venue remains the first choice of customers due to its modern features, looks and multiple engine options.
If you are planning to buy either of these two cars on finance, then just knowing the ex-showroom price is not enough. You also have to understand how much financial burden will be on your pocket every month and whose monthly installment (EMI) will prove to be more budget-friendly.
To understand the mathematics of the loan, if the annual interest rate of 9.5 percent and the tenure of 4 years (48 months) is considered as the basis, then there is a huge difference in the cost of the starting and top models of both the vehicles. Suppose a customer decides on a loan amount equal to the ex-showroom price, the complete finance breakdown will be as follows:
The ex-showroom price of the base variant (LXI Turbo) of Maruti Brezza starts around ₹ 7,39,900. At this price, with a loan tenure of 4 years, the EMI becomes approximately ₹ 18,589 per month. If we talk about its most expensive top model (ZXI+ AT), whose ex-showroom price is ₹ 13,70,500, then its monthly installment increases to approximately ₹ 34,431 per month.
On the other hand, the entry-level petrol model of Hyundai Venue (1.2 Kappa Petrol MT HX2) is available at an ex-showroom price of ₹7,99,900. For this the customer will have to pay a monthly installment of approximately ₹ 20,096. If you choose the most premium diesel automatic variant of the Venue (1.5 CRDi Diesel AT DSL HX10 DT), which is priced at ₹ 15,82,700 ex-showroom, then you will have to pay an EMI of around ₹ 39,762 per month.
It is clear from this financial comparison that the EMI range for Maruti Brezza ranges from ₹18,589 to ₹34,431, while for Hyundai Venue the range starts from ₹20,096 and goes up to ₹39,762. That is, the monthly expenses of Brezza are lower than Venue at both the entry and top variants level. However, the actual EMI may vary depending on the down payment made by the customer, bank norms, CIBIL score and loan tenure chosen.