Maruti Brezza Facelift CNG at an Attractive EMI, Know How Much You Need to Pay After Rs 1 Lakh Down Payment
Auto Desk, New Delhi. Maruti Suzuki offers several popular cars in the Indian market, including SUVs, hatchbacks and sedans. Among its popular compact SUVs, the Maruti Brezza has established a strong presence in the segment. The SUV is also available with a CNG powertrain, making it an attractive option for buyers looking for better fuel economy and lower running costs.
If you are planning to bring home the Maruti Brezza CNG and have a budget of Rs 1 lakh for the down payment, this information can help you understand the estimated monthly EMI and overall loan cost.
Based on an estimated on road price of around Rs 10.46 lakh in Delhi, a down payment of Rs 1 lakh could leave you with a loan requirement of approximately Rs 9.46 lakh. If the loan is taken for seven years at an assumed interest rate of 9 percent, the monthly EMI could be around Rs 15,374.
Let us understand the complete calculation in detail.
Maruti Brezza CNG Price
Maruti Suzuki offers the Brezza with a CNG powertrain for customers who want an SUV with improved running economics. The LXI variant is positioned as the entry level CNG version.
The estimated ex showroom price of the Maruti Brezza CNG LXI is around Rs 9.30 lakh. However, customers need to pay additional charges such as registration, road tax, insurance and other applicable fees before taking delivery of the vehicle.
In Delhi, assuming a registration cost of around Rs 69,000 and insurance cost of approximately Rs 47,000, the estimated on road price of the SUV can reach around Rs 10.46 lakh.
The actual on road price can vary depending on the insurance policy selected, registration charges, dealer related charges and other applicable costs.
Rs 1 Lakh Down Payment on Maruti Brezza CNG
The biggest question for many buyers is how much loan they will need after making a Rs 1 lakh down payment.
If the estimated on road price of the Maruti Brezza CNG is Rs 10.46 lakh and the buyer pays Rs 1 lakh upfront, the remaining amount comes to approximately Rs 9.46 lakh.
Therefore, under this example, the buyer would need financing of around Rs 9.46 lakh.
However, the actual amount financed by a bank or financial institution can differ. Some lenders may have their own rules regarding the amount they finance, processing charges and eligibility criteria.
How Much EMI After Rs 1 Lakh Down Payment
Suppose you take a car loan of Rs 9.46 lakh at an annual interest rate of 9 percent for seven years.
The loan tenure would be 84 months. Under these assumptions, the estimated monthly EMI would be around Rs 15,374.
This means that after making a Rs 1 lakh down payment, you may have to pay an EMI of approximately Rs 15,374 every month for seven years.
The actual EMI can vary depending on the interest rate offered by the bank, your credit score, loan processing charges and other terms and conditions.
Total Interest Payable on the Car Loan
The monthly EMI is not the only factor buyers should consider before taking a car loan. The total interest payable over the entire loan period is equally important.
For a loan amount of approximately Rs 9.46 lakh at 9 percent interest for seven years, the estimated EMI is around Rs 15,374.
Over 84 months, the total repayment could be approximately Rs 12.91 lakh.
This means the interest component could be around Rs 3.45 lakh over the seven year loan period.
Therefore, while a longer loan tenure helps keep the monthly EMI relatively affordable, it also increases the total interest paid to the bank.
What Will Be the Overall Cost of Maruti Brezza CNG
If the estimated on road price of the Maruti Brezza CNG is around Rs 10.46 lakh, the buyer would pay Rs 1 lakh as the initial down payment and finance approximately Rs 9.46 lakh.
Over seven years, the estimated interest payment could be around Rs 3.45 lakh.
As a result, the overall expenditure including the estimated on road cost and loan interest could reach approximately Rs 13.91 lakh.
This figure is only an illustrative calculation. The actual total cost can be different depending on the bank interest rate, processing fee, insurance cost, registration charges and other expenses.
Why Maruti Brezza CNG Can Be an Attractive Choice
The CNG powertrain is one of the biggest attractions for buyers considering the Maruti Brezza.
Customers who drive long distances every day can benefit from the potentially lower running cost offered by CNG compared with petrol. This can be particularly useful for office commuters, families with high monthly usage and customers who regularly travel within cities.
The Brezza also offers the advantages of an SUV body style, including a higher driving position and strong road presence.
For buyers looking for a practical family vehicle with relatively low running costs, the CNG variant can therefore be an appealing option.
Maruti Brezza Design and Road Presence
The Maruti Brezza features a modern compact SUV design that gives it a stronger road presence compared with conventional hatchbacks and sedans.
Its compact dimensions make it suitable for urban driving, while the SUV styling provides a more commanding driving position.
The combination of compact dimensions and SUV styling can make the Brezza convenient for city traffic as well as everyday family use.
Features and Interior
The Brezza offers a practical cabin designed for everyday use. Depending on the variant, buyers can get a range of comfort, convenience and technology features.
The entry level CNG variant may not offer all the features available on higher variants. Therefore, buyers should compare the equipment list of different variants before finalising their purchase.
Customers should also consider the impact of the CNG system on luggage space. Since the CNG hardware occupies additional space, buyers who frequently travel with large amounts of luggage should check the boot space personally before making a purchase decision.
Important Things to Check Before Taking a Car Loan
A car buyer should not make a purchase decision based only on the monthly EMI.
If your EMI is around Rs 15,374 per month, you should also account for fuel or CNG expenses, insurance renewals, servicing, maintenance, tyres, parking and other ownership costs.
The seven year loan tenure can make the EMI easier to manage, but the overall interest burden becomes higher.
If you have additional savings available, increasing the down payment can reduce the loan amount and potentially lower the total interest payable.
Alternatively, choosing a shorter loan tenure can significantly reduce the total interest cost, although the monthly EMI will increase.
Therefore, buyers should select the loan tenure according to their monthly income, expenses and long term financial commitments.
Maruti Brezza CNG Rivals
The Maruti Brezza competes in the highly competitive compact SUV segment.
Its key rivals include Hyundai Venue, Kia Sonet, Kia Syros, Tata Nexon and Mahindra XUV 3XO.
Each of these SUVs offers different combinations of engine options, features, pricing and equipment.
For customers specifically interested in CNG, the availability of a factory fitted CNG option can become an important factor while comparing different models.
Is Maruti Brezza CNG Worth Buying With Rs 1 Lakh Down Payment
For buyers who can comfortably manage an EMI of around Rs 15,374 per month, purchasing the Maruti Brezza CNG with a Rs 1 lakh down payment could be an attractive proposition.
However, a seven year loan is a relatively long financial commitment. The estimated interest cost of around Rs 3.45 lakh means that the total amount paid for the vehicle will be significantly higher than its initial on road price.
If your financial position allows it, making a larger down payment can reduce the loan amount and lower the overall interest burden.
Another option is to choose a shorter loan tenure. Although the monthly EMI will increase, the total interest paid over the loan period can decrease considerably.
The ideal approach is to choose a down payment and loan tenure that allows you to comfortably manage the EMI without putting excessive pressure on your monthly budget.
Final Verdict
The Maruti Brezza CNG can be an attractive choice for customers looking for a compact SUV with the potential benefit of lower running costs.
Based on the estimated figures, the Brezza CNG LXI has an ex showroom price of around Rs 9.30 lakh, while its estimated Delhi on road price can reach approximately Rs 10.46 lakh after adding registration and insurance costs.
With a Rs 1 lakh down payment, the estimated financing requirement would be around Rs 9.46 lakh.
At an assumed interest rate of 9 percent for seven years, the monthly EMI could be approximately Rs 15,374. Over the full loan tenure, the estimated interest payment could be around Rs 3.45 lakh.
The overall expenditure, including the estimated on road price and interest, could therefore reach approximately Rs 13.91 lakh.
However, these figures are indicative and can change depending on the bank, interest rate, customer credit profile, insurance plan, registration charges and other applicable fees.
Before purchasing the Maruti Brezza CNG, buyers should compare loan offers from different lenders, check the final on road price and select a repayment tenure that fits comfortably within their monthly budget.
