Title: Maruti Alto: A Budget-friendly Car with Attractive Finance Options
Introduction:
The Maruti Alto, known as India’s most affordable car, is a popular choice among car buyers. Not only is the price of this car low, but it also offers advanced features. However, many people are unable to afford it. In such cases, opting for car finance is the best solution.
Key Points:
★The price of the Maruti Alto starts at INR 3.99 lakh and can go up to INR 6 lakh for the top model.
★If your budget doesn’t allow for a full payment, you can purchase the car on loan. This would require a down payment and monthly installments, depending on the loan duration.
★A finance plan is available where you can bring home the Alto by paying just INR 48,000.
★The base model of the Alto has an on-road price of approximately INR 4.44 lakh. After making a down payment of INR 48,000, the remaining amount can be financed by a bank or finance company.
★The finance company charges an interest rate of 9.8%, and the loan is provided for a period of 60 months (5 years). The monthly EMI for this loan would be INR 8,389.
Additional Information:
★The amount of down payment made affects the EMI. Higher down payment results in lower EMIs, which can be advantageous.
★Taking a loan for a shorter duration also reduces the interest paid and leads to savings.
★The 800 model of the Alto was launched earlier this year with new updates. It offers the option of petrol and CNG variants, with petrol providing more power and CNG offering better mileage.
★The car can be customized with a touchscreen display, although this feature is not available in the base model.
★The Alto comes with several excellent features that make traveling convenient and enjoyable.
Conclusion:
For those who cannot afford to buy the Maruti Alto outright, availing car finance options can make owning the car a reality. With affordable down payments and EMIs, buyers can enjoy the benefits of this budget-friendly car.
