How much will you have to pay to buy the cheapest car?
India's cheapest car is Eva. Earlier, the cheapest car in the market was maruti Alto K10. But with the launch of Eva, it has become the cheapest car in the country. This is an electric car. The ex-showroom price of this car starts from Rs 3.25 lakh and goes up to Rs 4.49 lakh. The on-road price of the base model of Eva is Rs 3.43 lakh, the on-road price of the mid-variant is Rs 4.19 lakh and the top variant is priced at Rs 4.71 lakh.
Eva - Range of the cheapest car in the country
Eva comes with three battery pack options. The base model of this car has a 9 kWh battery pack, which gives a range of 125 km in a single charging. The mid variant of this electric car has a 12.6 kWh battery pack, which gives a range of 175 km. The top-end model of this car comes with a battery pack of 18 kWh, which gives this car a range of 250 km in a single charging.
How to buy Eva on EMI?
The on-road price of the base model of Eva is Rs 3.43 lakh. To buy this car, you will get a loan of Rs 3.09 lakh. To buy Eva, Rs 34 thousand will have to be deposited as down payment.
If you take a loan for four years to buy Eva and the bank charges 9 percent interest on this loan, then every month Rs 7,685 will have to be deposited as EMI.
If you take a loan for five years to buy this car, then every month an installment of Rs 6,410 will have to be deposited at an interest rate of 9 percent.
If a loan is taken for six years to buy Eva, then an installment of Rs 5,567 will have to be deposited.
To avail of this cheapest car of the country on a loan of seven years, you will have to deposit an EMI of Rs. 5,000 per month.
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