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• Good demand for automatic cars in India
• The automatic variant of Honda Amaze is also popular among customers
• Know Down Payment and EMI

Whenever we go to buy a car, we are shown two types of cars. First type is manual and second type is automatic. Also, more and more car buyers prefer the automatic variant. In the auto market we come across many great automatic cars. One such car is Honda Automatic variant of Amaze.

Automaker Honda has launched its new-generation Amaze in the compact sedan segment. If you are planning to buy the ‘automatic’ variant of the new Honda Amaze and want to bring the car home with a down payment of 2 lakhs, what will be your monthly installment ie EMI? Let us know about it.

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Honda Amaze Price

Automobile manufacturer Honda has introduced its new Amaze car in the compact sedan segment. The ‘automatic’ version of this car is priced at `8.66 lakh ex-showroom. If this car is purchased in Delhi, it will cost around Rs 61000 for RTO charges and around Rs 44000 for insurance. As a result, the ‘on-road’ price of the Honda Amaze is roughly Rs 9.71 lakh.

How much EMI after two lakh down payment?

If you are buying the automatic variant of Honda Amaze, the loan can be given by the bank on the ex-showroom price. In such a case, after making a down payment of around 2 lakhs, you will have to finance the remaining amount of 7.71 lakhs. If the bank gives a loan for 7 years at 9% interest rate, you will have to pay an EMI of around ₹12,403 per month.

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How expensive will the car cost?

If you take a car loan of 7.71 lakhs for 7 years at 9% interest rate, you will pay an EMI of 12,403 per month over seven years. In such a case a total interest of around 2.71 lakhs will have to be paid. Hence, considering ex-showroom price, on-road costs and interest, the total cost of the car can go up to around ₹12.41 lakh.

Who is the competition?

Honda’s Amaze comes in the compact sedan segment. The car competes directly with the likes of Maruti Dzire, Tata Tigor and Hyundai Aura in this segment.