Czech Republic’s vehicle manufacturer Skoda is offering Kylaq in the Indian market. This SUV has been launched on 6 November 2024. If you are also planning to buy the base variant Classic of this SUV, then after making a down payment of Rs 2 lakh, how much EMI can be paid every month to bring the car home? We are telling you in this news.
Skoda Kylaq Classic Price
Skoda has announced the ex-showroom price of only the variant Classic of Kylaq. The base variant of this SUV has been launched by the company at an ex-showroom price of Rs 7.89 lakh.
After the delivery of the vehicle starts, if it is purchased in Delhi, then along with the ex-showroom price of Rs 7.89 lakh, registration tax, and RTO price will also have to be paid on it.
To buy this car, Rs 55230 will have to be paid for RTO, and Rs 35552 for insurance. After this, the on-road price of the car in Delhi becomes Rs 879782.
Also read- Skoda Kylaq Vs Mahindra XUV 3XO: Which compact SUV is better in terms of engine, features, and price
How much EMI after Rs 2 lakh down payment
If you buy the base variant Classic of Skoda Kylaq, then the bank will finance it at the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, you will have to finance an amount of about Rs 679782 from the bank.
If you are given Rs 679782 for seven years with nine percent interest from the bank, then you will have to pay an EMI of only Rs 10937 every month for the next seven years.
How expensive will the car be
If you take a car loan of Rs 679782 from the bank for seven years with an interest rate of nine percent, then you will have to pay an EMI of Rs 10937 every month for seven years.
In such a situation, in seven years you will pay around Rs 2.38 lakh as interest for the Classic variant of Skoda Kylaq. After which the total price of your car including ex-showroom, on-road, and interest will be around Rs 11.18 lakh.
Who does it compete with
Skoda has brought the new car into the compact SUV segment. In this segment, it competes directly with compact SUVs like Hyundai Venue, Kia Sonet, Tata Nexon, Maruti Brezza, Nissan Magnite, and Renault Kiger.