Eeco is offered by the country’s leading vehicle manufacturer Maruti Suzuki. Every month a large number of people buy this car. If you are also planning to buy it, then after making a down payment of Rs 1 lakh, how much EMI can be paid every month to bring it home? We are telling you in this news.
Maruti Eeco Price
Maruti offers the base variant of Eeco at an ex-showroom price of Rs 5.32 lakh. If you buy it in Delhi, the on-road price becomes Rs 5.95 lakh. Apart from the ex-showroom price of Rs 5.32 lakh, this price also includes Rs 22080 RTO Rs 35605 insurance, and Rs 5485 Fastag, Smart Card, and MCD charges.
How much EMI after a down payment of Rs 1 lakh
If you buy the base variant of this car with a petrol engine, then the bank will finance it at the ex-showroom price only. In such a situation, after making a down payment of Rs 1 lakh, you will have to finance an amount of about Rs 4.95 lakh from the bank. If the bank gives you Rs 4.95 lakh for seven years with nine percent interest, then you will have to pay an EMI of only Rs 7967 every month for the next seven years.
How expensive will the car be
If you take a car loan of Rs 4.95 lakh from the bank for seven years with an interest rate of nine percent, then you will have to pay an EMI of Rs 7967 every month for seven years.
In such a situation, you will pay about Rs 1.74 lakh as interest for Eeco in seven years. After which you will pay about Rs 7.69 lakh for the total price of the car including ex-showroom, on road and interest.
Who will compete with whom
Eeco is brought by Maruti Suzuki as a van as well as a vehicle with a seven-seater option. It is offered at a very low price. In such a situation, it does not have direct competition with any car. But in terms of being a seven-seater car and price, it faces competition from the Renault Kiger MPV.