Adding a Maruti Baleno Sigma to your family can be a style statement, making you enjoy comfortable rides. The on-road costs and financing options make it quite a task, though. The article will discuss all the expenses so that you may know how you can afford owning a Baleno Sigma.
Knowing the Costs
The base variant, Baleno Sigma, has a starting ex-showroom price of Rs 6.66 lakh. However, in Delhi, the on-road price would be way too high. You would need to add to it: Registration: About Rs 47,000 Insurance: About Rs 34,000 MCD Charges: About Rs 4,000 Fastag: Rs 500 So, the on-road price of Baleno Sigma in Delhi would come around Rs 7,51,801.
Financing Your Dream Car
Most banks finance the ex-showroom price of the vehicle. So, if you make a down payment of Rs 2 lakh, you will have to finance around Rs 5,51,801. Let’s take a seven-year loan at 9% interest. Your monthly EMI would be approximately Rs 8,878. That is, you will pay these for the next seven years.
The Total Cost of Ownership
During the period of seven years, interest you would be paying against the loan amounts to approximately Rs 1.93 lakh. Adding these additional costs, on-road price, ex-showroom price, and interest cost, it leads to approximately Rs 9.45 lakh.
The Market Competition
Competition for Baleno comes in the form of extremely aggressive competition in the premium hatchback segment. The competitors for this car are, Tata Altroz Toyota Glanza Hyundai i20 It also competes with popular brands available in the market within the range, such as Nissan Magnite Renault Kiger Maruti Swift Maruti Fronx.
Conclusion
The Maruti Baleno Sigma is a brilliant combination of aesthetic appeal, comfort, and efficient fuel consumption. With proper in-road expenses, financing, you can make right decisions and carry this fantastic vehicle home. However, do note that you get the best loans from banks and keep on your EMIs as low as possible.
Disclaimer: The article is intended to be informative in general, not financial advice. Please consult a financial advisor for personalized guidance.
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