Maruti Ertiga On-Road Price & EMI Calculator: Is It Right for Your Budget?

The Maruti Ertiga, a popular seven-seater from India’s largest automaker, continues to be a top choice for many car buyers. But how much does it actually cost to own one? This article dives into the Ertiga’s on-road price, explores financing options, and calculates the monthly EMI (Equated Monthly Installment) to help you understand the financial commitment involved.

Understanding On-Road Price:

While the ex-showroom price of the base LXI variant sits at Rs 8.69 lakh, the on-road price in Delhi reflects additional costs. These include:

Road Tax and Registration Charges (RTO): Rs 61,660
Car Insurance: Rs 32,520
Accessories (Fastag, Smart Card): Rs 5,485

Factoring in these additional expenses, the on-road price for the Ertiga LXI in Delhi comes to Rs 9.68 lakh.

Financing and EMI Calculation:

Many car buyers opt for bank financing to manage the upfront cost. Let’s consider a scenario where you make a down payment of Rs 2 lakh and finance the remaining Rs 7.68 lakh through a bank loan. Here’s how the EMI calculation unfolds:

Loan Amount: Rs 7.68 lakh
Interest Rate: 8.7% (This may vary depending on your bank and credit score)
Loan Tenure: 7 years (84 months)

Using an EMI calculator, with the above details, the estimated EMI comes to Rs 12,240 per month. This translates to roughly Rs 2.60 lakh in total interest paid over the loan tenure.

Total Ownership Cost:

The total cost of owning the Ertiga will include the on-road price, down payment, and total interest paid. In this example:

On-Road Price: Rs 9.68 lakh
Down Payment: Rs 2.00 lakh
Total Interest Paid (7 years): Rs 2.60 lakh

Therefore, the total ownership cost for the Ertiga LXI in this scenario would be approximately Rs 12.28 lakh.

Key Takeaways:

Consider on-road price (including ex-showroom price, RTO, insurance, and accessories) when calculating the total cost.
Financing options are available, but factor in the interest rate and total interest paid over the loan term.
Use EMI calculators to estimate your monthly payments and make informed financial decisions.

Remember: This is a sample scenario, and the actual EMI and total ownership cost will vary depending on your down payment, loan term, interest rate, and variant choice. It’s advisable to research loan options from different banks and compare interest rates before finalizing your financing plan.