New Delhi: Regardless of the season, the demand for cars remains high. People consider travelling by car safer than by bike. During the monsoon, driving amidst the rain offers a delightful experience, and cars are also preferred during the winter and summer months. If you commute to the office daily, a car with good mileage is the ideal choice,e one that won’t cause you any hassle.
If you earn a monthly salary of ₹50,000, you can certainly buy a car. You can purchase the vehicle by making a down payment and then paying the balance through monthly EMIs. If your budget is up to ₹6 lakh, Maruti offers excellent models that fit perfectly within this range.
Maruti Swift: A Great Option
The Maruti Swift is a perfect fit for Indian roads, and people are often very enthusiastic about buying it. The Maruti Suzuki Swift boasts impressive features; its 1.2-litre, three-cylinder petrol engine delivers an ARAI-certified mileage of up to 25.75 km/l. Additionally, the Swift’s ex-showroom price ranges from approximately ₹5.84 lakh to ₹8.89 lakh. This is where the financial calculations come into play for someone earning ₹50,000 a month.
For instance, suppose the on-road price of a Swift in a major city is ₹6.70 lakh. If you make a down payment of around ₹1.35 lakh, you would need to take a loan of approximately ₹5.35 lakh. Assuming an illustrative interest rate of 9.5% over a 5-year tenure, the EMI would come to around ₹11,200 per month. This means about 22% of your ₹50,000 monthly salary would go solely towards the EMI. Expenses for petrol, insurance, servicing, and other maintenance would be additional.
The Celerio is Also a Great Choice
Poised to make a splash across the country, the Maruti Suzuki Celerio is another impressive vehicle. The ex-showroom price of this car is approximately ₹4.70 lakh. Its petrol-manual configuration boasts a mileage of up to 25.24 km/l. You can observe the mileage difference between the Swift and the Celerio; it is around half a kilometre per litre,e yet the price gap is significant.
For someone earning a monthly salary of ₹50,000, this difference is indeed substantial. Consider that the on-road price of the base Celerio comes to around ₹5.40 lakh; if you make a down payment of ₹1.10 lakh, you would need a loan of approximately ₹4.30 lakh. At an illustrative interest rate of 9.5% over five years, the EMI would be around ₹9,000 per month.
This results in a monthly saving of over ₹2,000 compared to the Swift, alongside excellent mileage. The Celerio is powered by a 998cc petrol engine and offers the choice of either a manual transmission or an AGS automatic.
