- How much is the down payment of Toyota Urban Cruiser Hyryder?
- How much should be paid every month?
- Right information to buy a car
Hyryder CNG: If you're looking for a mid-size SUV with great mileage and hybrid technology, consider the urban cruiser Hyryder. This SUV competes with models like Maruti Grand Vitara, Hyundai Creta, Kia Seltos, Honda Elevate and Skoda Kushaq.
Full down payment is not required to buy this vehicle. This car can also be bought on loan. If you are considering this vehicle, it is important to know how much EMI you will have to pay per month after a down payment of Rs 1 lakh. Now let's know the exact math of this from this article.
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On-road price of the car
- Toyota The base model of the Urban Cruiser Highrider is said to have an ex-showroom price of approximately ₹ 11.31 lakh and an on-road price of ₹ 13.09 lakh. However, the on-road price varies by city and rates. After making a down payment of Rs.1 lakh, deducting Rs.1 lakh from Rs.13.09 lakhs gives an approximate loan of Rs.12.09 lakhs. If you borrow at 9.8% interest per annum for 7 years, the monthly EMI will be Rs 19,464
- Now it is important to understand EMI as an example. The actual EMI may vary depending on the bank's interest rate, your credit history, loan tenure, processing charges and prevailing on-road pricing. Similarly, if you take a loan for more than 5 years, the monthly EMI may be lower, but the total interest may be higher. Conversely, a higher down payment will reduce the loan amount and the overall interest burden along with the EMI
- It is important for you to note that the ex-showroom price of the car is not your final purchase price. The on-road price includes road tax or RTO, insurance, registration and other necessary charges. So, just because the starting price of the car is around Rs 11 lakh, it is not right to assume that you will have to take a loan for that amount.
What are the features of the car?
- Hyrider The base 'E' variant also gets the essential features. These include six airbags, electronic stability control, push-button start, automatic climate control and keyless entry. Higher-spec 'S', 'G' and 'V' variants gradually add more premium features. For instance, higher variants get features like 7-inch or 9-inch infotainment system, Apple CarPlay/Android Auto, cruise control, panoramic sunroof, wireless charging, 360-degree camera and ventilated front seats.
- The highlight of the Highrider in terms of engine and mileage is its various powertrain options. The 1.5-litre mild-hybrid petrol engine was claimed to produce 103 PS and 137 Nm of torque. Additionally, the 1.5-liter strong-hybrid powertrain produces 116 PS of power. Its fuel efficiency is said to be around 26.6 kmpl with a 5-speed manual gearbox. The Highrider is available in CNG and strong-hybrid variants; The strong-hybrid variant is claimed to have a mileage of around 27.97 kmpl.
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What are the features of the car?
A key feature of this SUV is that customers can choose different powertrains as per their needs and budget. If low starting price and moderate petrol consumption is a priority, then the base petrol variant may be worth considering. Buyers looking for higher mileage may find the CNG and strong hybrid options more attractive. However, the hybrid variant costs significantly more than the base petrol model, so it is better to consider the total purchase cost and annual driving distance rather than just the mileage.
Now the question is for whom the Rs 1 lakh down payment plan will be best. Buyers who don't have a huge initial down payment and want to buy a car early, may find it attractive. There is another aspect to this and that is that a lower down payment means a bigger loan, and a bigger loan usually means higher interest. Therefore, EMI should not be assessed only on monthly basis; The total amount returned to the bank should also be considered.