The demand for luxury cars like Rolls-Royce is constantly increasing in India. Four Rolls-Royce cars are available in the Indian market, and among these, the recently launched new generation model of Rolls-Royce Cullinan is becoming quite popular among the people. The price of this luxurious car starts from Rs 10.50 crore and goes up to Rs 12.25 crore, which is one of the most expensive Rolls-Royce cars in India.
The easy way to buy a Rolls-Royce Cullinan
The on-road price of the petrol variant of the Rolls-Royce Cullinan Series II is Rs 12.06 crore. However, you do not need to pay the entire amount at once to buy this car. You can also buy this car by taking a loan from the bank.
If you are planning to buy a Rolls-Royce Cullinan, then first you have to decide for how many years you want to take the loan. Apart from this, it is also important to know how much down payment you will have to make with the loan and how much EMI you will have to pay every month.
Rolls-Royce Cullinan loan and EMI details
Loan amount: To buy this luxury car, you will have to take a loan of about Rs 10.85 crore.
Down payment: To buy this car, you will have to make a down payment of about Rs 1.20 crore.
Interest rate and EMI: Suppose you take a loan for 5 years at 9% interest rate, then you will have to deposit Rs 22.54 lakh in the bank every month.
EMI on 7 year loan: If you take this loan for 7 years, the monthly EMI will be reduced to Rs 17.46 lakh.
Total Interest Paid:
On a 5-year loan, you will have to pay an additional Rs 2.66 crore in interest.
On a 7-year loan, the interest payment will increase to around Rs 3.82 crore.
Thus, while owning a luxury car like a Rolls-Royce in India may demand a hefty amount, it can be made easier with options like bank loans and EMIs.
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