‘This’ car directly beats Maruti Ertiga! 2 lakhs down payment and EMI less than 20 thousand

• Many Toyota cars are popular in India
• Good demand for Toyota Rumion in 7 seater variant
• What will be the EMI after a down payment of 2 lakhs?

Various segment cars are offered in the Indian auto market. In this too we get to see many cars in 7 seater options. Maruti Suzuki Ertiga has made a direct home in the hearts of consumers. However, the car that gives the Ertiga a scare is the Toyota Rumion.

Toyota offers the Toyota Rumion in the budget MPV segment in the Indian market. If you are planning to buy the base variant of this Toyota car, let us know how much EMI you will have to pay every month after a down payment of 2 lakhs.

Toyota Rumion Price

Toyota offers the Rumion in the budget MPV segment. The base variant is priced at Rs 10.51 lakh ex-showroom. If you buy this, you will have to pay approximately Rs 1.05 lakh for RTO and approximately Rs 51000 for insurance. This brings the on-road price of the MPV to approximately Rs 12.18 lakh.

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

If you are buying the base variant of Toyota Rumion, the bank can usually get a loan on the ex-showroom price only. In such a situation, after making a down payment of around Rs 2 lakh, the remaining around Rs 10.18 lakh will have to be taken as a loan from the bank.

If you get a loan of Rs 10.18 lakh for a period of 7 years from a bank at an interest rate of 9 percent, you will have to pay an EMI of around Rs 16,379 per month for the next seven years.

How expensive will the car cost?

If you take a car loan of Rs 10.18 lakh for 7 years at an interest rate of 9 percent, you will have to pay an EMI of Rs 16,379 per month over a period of seven years. During this period you will pay around Rs 3.58 lakh as interest only. So with ex-showroom price, on-road costs and interest, the total cost of this car can go up to around Rs 15.75 lakh.

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Competition with which car?

Toyota Rumion is a car available in the budget MPV segment. Its direct competition in the Indian market is with cars like Maruti Suzuki Ertiga, Nissan Magnite, Kia Carens and Renault Triber.