Kia has recently launched the new generation model of its premium car Carnival in India. This car has become quite popular due to its great features and premium look. However, due to its price being a bit high, it is not within everyone's reach to buy it. If you are also thinking of buying this car, then know here how it can be taken on down payment and EMI and how much salary should be there for this.
New Kia Carnival price and variants
In India, the new Kia Carnival is available in only one variant, named Limousine Plus. Its ex-showroom price in Delhi is Rs 63.90 lakh, while its on-road price reaches around Rs 75.60 lakh. At this price, this car really comes in a premium segment.
How to get Kia Carnival on down payment and EMI?
If you want to buy this luxury car on down payment and EMI, then let's know what will be its process. Suppose you pay a down payment of Rs 11.72 lakh for this car. In this case, you will have to take a loan of Rs 63.88 lakh from the bank. If an interest rate of 8% is applied on this loan, then you will have to pay an EMI of about Rs 1.29 lakh every month. This EMI will last for 5 years (60 months). In this way, a total of Rs 83.61 lakh will have to be paid to the bank in 5 years, which will include Rs 15.69 lakh as interest.
What should be the salary to buy Kia Carnival?
To pay such an expensive loan and EMI, your salary must be quite good. Generally, if your monthly salary is between Rs 3 lakh and Rs 5 lakh, then only you can comfortably pay the EMI of this car. Keep in mind that the loan amount and interest rate will depend on your credit score and the terms of the bank, so a good credit score can get you a better interest rate on the loan. Kia Carnival is a luxurious and premium car, which comes with advanced features and premium looks. To buy it, you will need a good salary and stable financial position.
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