Buying car in India can be an exciting experience but it can also be overwhelming due to complexities of car on road price.. This price includes several additional costs beyond ex showroom price making it important for car buyers to understand what they’re paying for.. In this guide we’ll break down everything you need to know about car on road pricing in India including various factors that contribute to it..
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What is On Road Price?
The car on road price is final price you pay when you buy car in India.. It includes ex showroom price RTO charges car registration insurance and dealer charges.. These costs can vary depending on city and state you’re buying car in.. For example car on road price in Delhi will differ from car on road price in Mumbai due to varying road tax rates and registration charges..
Understanding on road price is crucial for assessing how much car truly costs.. If you’re interested in Maruti Suzuki Hyundai Tata or Toyota or even luxury brands like BMW all of them have different on road prices depending on models and their respective locations..
Key Factors Affecting Car On Road Price
Several factors impact on road price of car in India.. main components include:
- Ex showroom Price: base price of car without additional taxes or charges..
- Road Tax: state specific fee based on car’s value which can be significant addition..
- Insurance: Insurance costs vary depending on car model coverage and insurer..
- RTO Charges: Registration fees paid to regional transport office..
- Dealer Charges: Additional costs like handling delivery and other dealer related expenses..
These charges can add up increasing car’s total cost.. For example Hyundai Creta in Bangalore might have different on road price compared to same car in Chennai due to varying road tax rates..
How to Calculate Car On Road Price
To calculate on road price of car follow this formula:
On Road Price = Ex Showroom Price + Road Tax + Insurance + RTO Charges + Dealer Charges
You can use car on road price calculator available on various dealership websites to get an estimate.. Additionally online tools like car EMI calculator can help you understand financing options and how your monthly payments will look..
For specific car models like Maruti Swift Honda City or Toyota Fortuner knowing how to calculate on road price is crucial before making your purchase..
Car Financing and Loans
Most buyers don’t pay full on road price upfront.. Instead they opt for car loans or car leasing options.. Car financing is widely available through banks or financial institutions offering attractive car loan interest rates.. amount you need to pay as down payment will depend on your loan eligibility..
The car finance interest rate and EMI will vary depending on bank your credit score and car’s price.. Popular car models like Tata Nexon or Hyundai Creta may have different EMI structures based on loan amount..
Car Insurance and Maintenance Costs
When buying car don’t forget to consider ongoing costs like car insurance and maintenance.. car insurance cost will depend on car’s make model and your preferred coverage plan.. Additionally factor in car servicing warranties and accessories that might be required for maintenance over time..
For instance owning luxury car like BMW X3 will likely involve higher car maintenance costs compared to more affordable Maruti Alto..
Car Price Variations Across Cities
The car price in India can differ significantly from one city to another due to various factors such as taxes dealer margins and state specific regulations.. For example:
- The car price in Delhi will often be different from car price in Mumbai due to varying RTO charges and car registration charges..
- If you’re buying in Bangalore car road tax might be higher compared to cities like Hyderabad or Kolkata..
These regional differences can have significant impact on overall on road price..
Car Models and Brands: Variations in On Road Price
Each car brand and model comes with its unique pricing structure.. Here’s quick comparison of some popular brands:
- Maruti Suzuki: Known for affordable prices Maruti Swift or Baleno offers great balance of features and cost effectiveness..
- Tata Motors: Tata Nexon provides excellent value for money especially with its robust build and high safety ratings..
- Honda: Models like Honda City come with premium price tag but are known for their reliability and low maintenance costs..
- BMW: BMW X3 or BMW 5 Series would be in completely different pricing range focusing on luxury and performance..
These differences are primarily driven by car features specifications and after sales services..
Car Depreciation and Resale Value
One critical aspect of owning car is considering its depreciation rate and resale value.. Cars like Honda City or Maruti Suzuki Swift tend to hold their value better over time compared to other models.. Car trade in values can also influence your decision if you plan to upgrade your vehicle in future..
High resale value means you will recover larger portion of your initial investment when selling car.. This is key factor in determining overall cost of ownership..
Conclusion
The car on road price is comprehensive calculation that takes into account several components beyond base price of car.. It is essential for every buyer to understand all factors involved from insurance to RTO charges and dealer fees to avoid any surprises.. With help of tools like car EMI calculators and car price comparison websites you can make more informed decision and ensure you’re getting best deal..
Sources:
- Car Price Calculators India Auto Experts
- RTO Charges Government of India
