Renault Kwid Finance: Kwid is considered to be the cheapest car of Renault. There is a lot of demand for cheap and high mileage cars in the Indian market. People like cars with more features and mileage at a low price. However, despite this, many times people are not able to buy a car due to lack of budget. But you can buy this car by making a down payment of just Rs 3 lakh. Let’s know how much will be the EMI.
Renault Kwid Finance Plan
For your information, let us tell you that the ex-showroom price of Renault Kwid 1.0 RXE variant in Delhi is Rs 4.96 lakh. But after adding RTO and tax, its on-road price becomes Rs 5.24 lakh. In such a situation, now if you make a down payment of Rs 3 lakh for this car, then you will get a loan of Rs 2.24 lakh from the bank for it.
This loan will be given to you for 7 years, on which the bank will also charge you an interest of 9.5 percent. After this, for seven years, you will have to pay only Rs 3661 every month as EMI for this car. By doing this, you will pay a total interest of Rs 83 thousand to the bank.
Specification
The company has given a 999 cc engine in the Renault Kwid 1.0 RXE variant. This engine generates a peak torque of 9 Nm with a maximum power of 67 bhp. Also, it has the option of 5 speed manual transmission. According to the company, this car gives a mileage of about 21 km per liter. Also, it has a fuel tank of 28 liters.
As features, the company has given many great features like power steering, lane change indicator, tachometer, rear spoiler, LED DRL, anti-lock braking system, brake assist, child safety lock, dual airbags with traction control in Renault Kwid. In the market, this car gives a direct competition to Maruti Suzuki Alto K10.