Kia Carnival on EMI: What Down Payment is Required?
If you’re dreaming of owning the Kia Carnival 2024, it’s time to talk numbers. The new Kia Carnival has taken the premium MPV segment by storm with its luxurious features and impressive performance. But, with a price tag that’s on the higher side, how can you afford this beauty? Let’s break it down and understand the down payment, EMI, and on-road costs.
Kia Carnival Price Overview:
- Ex-Showroom Price: ₹63.90 lakh (Delhi)
- On-Road Price: ₹75.60 lakh (Delhi)
Now, the price is steep, but that’s where financing options come in. If you plan to buy the Kia Carnival 2024 on EMI, here’s how much you’ll need to pay upfront and how your monthly instalments will look.
How Much Down Payment and EMI Will You Need for Kia Carnival?
In Delhi, if you opt for a down payment of ₹11.72 lakh, you’ll need a loan of ₹63.88 lakh. To repay this loan, your monthly EMI will amount to around ₹1.29 lakh if you opt for a 5-year loan tenure at an interest rate of 8%.
Loan Breakdown: Kia Carnival
- Loan Amount: ₹63.88 lakh
- EMI: ₹1.29 lakh per month
- Loan Tenure: 5 years
- Total Interest to be Paid: ₹15.69 lakh
- Total Amount Paid (Loan + Interest): ₹83.61 lakh
Kia Carnival Purchase: What Salary Should You Have?
The next question you might be asking is: “Can I afford the EMI?” To comfortably manage the EMI for the Kia Carnival, it is recommended that your monthly salary should be between ₹3 to ₹5 lakh. This salary range ensures that you can cover your monthly EMI while managing other financial obligations.
Remember, these numbers can vary depending on the interest rate and credit score. Higher credit scores often result in lower interest rates, so your overall EMI might be more affordable.
Is the Kia Carnival Worth It? Kia Carnival
If you’re someone who values luxury, space, and advanced features, the Kia Carnival 2024 is definitely a solid option. The car offers a combination of premium design, powerful performance, and advanced features that will make your family trips more enjoyable. However, due to its high cost, it’s important to evaluate your finances and choose the financing option wisely.
