Are you planning to buy the Citroen C3 and you wonder how much EMI would you have to pay? Here is a table showing the price of sedan on road (Delhi) by variant, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a down payment –
|1.2 liter NA petrol MT|
|Live||Rs6,27,070||9.8%||5 years||60,000 rupees||11,993 rupees|
|Feel||Rs 7,46,011||9.8%||5 years||75,000 rupees||14,191 rupees|
|1.2 liter turbo petrol MT|
|Feel||Rs 9,04,339||9.8%||5 years||90,000 rupees||17,222 rupees|
In order to simplify the process, we have chosen an average term of 5 years as standard, as well as a down payment of around 10% and an estimated bank interest rate of 9.8%. Note that the buyer is free to decide the duration for which he takes out the loan, while the interest rate varies from one bank to another. Moreover, one can also choose to pay a higher or lower down payment, which will decrease or increase the easy monthly installment (EMI) respectively.
Citroën is currently selling the C3 in India at a starting price of Rs 5.71 lakh for the entry-level Live variant with the 1.2-litre NA petrol engine, going up to Rs 8.06 lakh (the two prizes, ex-showroom) for the top-of-the-range Feel model with the turbo-petrol engine. However, the on-road (Delhi) price of the Citroen car is currently between Rs 6.27 lakh and Rs 9.04 lakh.
For example, if you were to purchase the mid-level Feel variant of the Citroen C3 with the naturally aspirated petrol engine (ex-showroom price – Rs 6.62 lakh), you would end up paying Rs 14,191 as a monthly installment. for a term of 5 years at 9.8% ROI, with a one-time down payment of Rs 75,000. All added up, you end up paying around Rs 9.26 lakh for the said variant at the end of your loan tenure , which includes the price on the road, the amount of the deposit, as well as the interest incurred during the aforementioned period.
Let us know in the comments below if you want to know the EMI for any other car, motorcycle or scooter of your choice.