MG Hector: Take this car home after downpayment of 1 lakh 74 thousand rupees, know how much EMI will have to pay

MG Hector: Buying a car on finance is considered a great option. Out of the total cost of the car, only a part has to be paid as a downpayment and the car becomes in the name of the customer. After this, the remaining amount has to be paid as EMI every month. However, if the customer pays the installment on time, then taking the car on finance is considered a sensible decision.

If you are thinking of buying a car on finance, then you can own the Style Diesel MT (Diesel) variant of MG Motors’ Hector car after a downpayment of Rs 1 lakh 74 thousand. The total cost of the car is Rs 17,43,770 (On Road Price, Delhi).

After the payment, you will have to take a total loan of Rs 15,69,770 for this car for five years. An interest rate of 9.8 percent will apply to it. During this period, you have to pay a total of Rs 19,91,940, of which Rs 4,22,170 will be interesting. That is, in addition to the total cost of the car, you have to pay an additional Rs 4,22,170. During this time you will have to pay an EMI of Rs 33,199 per month.

If you want the burden of EMI to be a little lighter, then you can take a loan for seven years as well. During this time you will have to pay a total of Rs 21,75,432 with the interest of Rs 6,05,662. During this time, you have to pay a total EMI of Rs 25,898 every month.

Talking about the features of this car, you will get a 1451 cc powerful engine, which is capable of generating 141.0 bhp power. It is a 5 seater car in which you will get power windows front, anti lock braking system, air conditioner and power steering.