HOW MUCH SALARY NEEDED TO AFFORD A HYUNDAI ALCAZAR
BUYING A CAR IN INDIA IS PRETTY MUCH CHALLENGING IF YOU HAVE TO ENJOY IT ON E.M.I. WITH CUTTING SOME OF THE PERCENTAGE FROM YOUR MONTHLY INCOME HERE, ARE SOME OF THE FINANCIAL DO’s AND DON’T TO FOLLOW FOR GETTING RID OF FUTURE PROBLEMS RELATED TO MONTHLY PAYMENT OF EMI AMOUNT LIKE,
•SALARY NEEDED TO AFFORD A HYUNDAI ALCAZAR DEPENDS ON YOUR MONTHLY EMI FOR BUYING HYUNDAI ALCAZAR SHOULD BE 10% OF YOUR TOTAL MONTHLY INCOME WITH A 20% DOWN PAYMENT WITH 4-YEAR LOAN RULE (20-4-10) @9% interest.
•TOTAL COST OF THE HYUNDAI ALCAZAR IS ₹ 14.99 LAKH AND TOP MODEL PRICES GO UP TO ₹21.55 LAKH.
•ACCORDING TO THE DATA MENTIONED ABOVE SAYS THAT 20% OF THE TOTAL PRICE OF THE CAR SHOULD BE YOUR DOWNPAYMENT WHICH MEANS THE DOWNPAYMENT CAN GO UP FROM ₹2.9 LAKH TO ₹4.3 LAKH.
•ACCORDING TO THE DATA MENTIONED ABOVE SAYS THAT YOUR E.M.I. AMOUNT SHOULD BE 10% OF YOUR MONTHLY INCOME.
YOUR MONTHLY INCOME SHOULD BE ₹2.8 LAKH-₹3.8 LAKH FOR 4 YEAR LOAN AT 9%
YOUR MONTHLY INCOME SHOULD BE ₹2.3 LAKH-₹3.2 LAKH FOR 5 YEAR LOAN AT 9%
WARNING—The above-shown data may vary just because of a round calculation figure, fluctuation of prices, etc., without proper research and calculation.
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