Auto

Know Toyota Hyryder hybrid SUV’s loan EMI on Rs 1.75 lakh down payment: Details explained


Toyota Kirloskar Motor is the latest manufacturer to join the ever-growing mid-size SUV segment with its Urban Cruiser Hyryder hybrid SUV. While the Japanese manufacturer is late to the party, the Hyryder has a few tricks up its sleeve, including its youthful design, the extensive feature list, the all-wheel drive configuration, as well as the frugal hybrid powertrain.
Planning to buy the Toyota Urban Cruiser Hyryder and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the Toyota SUV, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

Variant On-road price
(Delhi)
Tenure Interest rate
(estimated)
Down payment EMI
Neodrive
E TBA
S TBA
G TBA
V AT Rs 19.73 lakh 5 years 10% Rs 1,97,000 Rs 37,727
Hybrid
S Rs 17.46 lakh 5 years 10% Rs 1,75,000 Rs 33,370
G Rs 20.19 lakh 5 years 10% Rs 2,02,000 Rs 38,596
V Rs 21.91 lakh 5 years 10% Rs 2,19,000 Rs 41,695

To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 10% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your easy monthly installment (EMI) respectively.
Do note that Toyota is yet to reveal the prices of the Neodrive (mild-hybrid) variants of the Urban Cruiser Hyryder apart from the V AT trim, hence, we will update them as soon as the prices are available with us. That said, the Hyryder SUV is currently priced from Rs 15.11 lakh to Rs 18.99 lakh (ex-showroom).
The on-road (Delhi) price of the mid-size SUV currently ranges from Rs 17.46 lakh to Rs 21.91 lakh. For example, let’s assume you were to purchase the range-topping V Hybrid variant of the Toyota Hyryder SUV. If you pay Rs 2.19 lakh as down payment out of the Rs 21.81 lakh on-road (Delhi) price, you would end up paying Rs 41,695 as EMI for a period of 60 months (5 years) against a total loan amount of Rs 19.72 lakh. At the end of the tenure, you would have paid around Rs 27.32 lakh (inclusive of everything) for the SUV, which also includes the down payment.
Let us know in the comments down below if you would like to know the EMI for any other car, motorcycle or scooter of your choice.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *