Hyundai Creta or Toyota Hyryder, which car is best for a person with a salary of 50 thousand rupees?

• Good demand for mid size SUVs in India
• Good customer response to Hyundai Creta and Toyota Hyryder
• Which car is the best? Let’s find out

If your salary is 50 thousand rupees per month and you are mid-size SUV If you are thinking of buying, Hyundai Creta and Toyota Urban Cruiser Hyryder are two good options available in the market. Both the cars are considered strong in terms of features, design and brand value. However, if you want to buy these cars on EMI without making full payment, then it becomes important to understand which SUV can be obtained with relatively less financial stress.

Finance plan of Hyundai Creta

The starting ex-showroom price of Hyundai Creta is Rs 10.79 lakh. Buying the base model of this SUV requires an RTO of Rs 1.07 lakh, plus insurance and other charges of Rs 52,465. So the on-road price of this car is around Rs 12.49 lakh. In such a situation, if you want to take this car on loan, you have to make a down payment of at least 2 lakh rupees.

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If you take a loan for 4 years at an interest rate of 9 percent, you will have to pay an EMI of around Rs 26,090 per month.
At the same time, one has to opt for a loan tenure of 7 years if one wants to reduce the monthly EMI burden. In such a case the EMI will be around Rs 16,868 per month for 7 years at 9 percent interest rate.

What is the monthly EMI of Toyota Hyryder?

The base model of the Toyota Urban Cruiser Hyryder is priced at Rs 10.99 lakh ex-showroom. Adding RTO and insurance charges to this, the on-road price of this SUV comes to around Rs 12.87 lakh. Even to buy this car on finance you need to make a minimum down payment of Rs 2 lakh.

If you take a loan for 4 years at 9 percent interest, the monthly EMI of this car comes to around Rs 27 thousand. So if you take a loan for 7 years you will have to pay an EMI of around Rs 17,486 per month.

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Which SUV is best for you?

Looking at the finance plans of both these SUVs, the EMI of Hyundai Creta is slightly lower than that of Toyota Hyryder. So the Creta can be slightly affordable in terms of low monthly EMIs. However, it is also important to remember that if the loan tenure is extended, the monthly EMI of both the cars will decrease.