Rolls-Royce Down Payment Guide: How to Afford the Luxury Dream with EMI Options
Rolls-Royce cars are incredibly popular in India, known for their unmatched luxury features. However, their premium pricing makes owning one a challenging dream for many. Rolls-Royce offers four models in India, with the most affordable being the Rolls-Royce Ghost. The ex-showroom price of this luxury sedan starts at ₹6.95 crore and goes up to ₹7.95 crore.
How to Buy a Rolls-Royce on EMI?
The on-road price of the Rolls-Royce Ghost V12 Petrol variant in Noida is approximately ₹7.99 crore, though this price may vary by city. For those dreaming of owning this luxury car, opting for an EMI plan can make it feasible. Here’s the breakdown:
- Loan Amount: You will need to secure a loan of ₹7.20 crore from a bank. The loan approval amount will depend on your credit score.
- Down Payment: To purchase the Ghost, you’ll need to pay a down payment of approximately ₹80 lakh.
- Interest Rates: The interest rate varies by bank, but typically starts at 9% annually.
EMI Options Based on Loan Tenure:
- 4-Year Loan: Monthly EMI of ₹17.88 lakh.
- 5-Year Loan: Monthly EMI of ₹14.92 lakh.
- 6-Year Loan: Monthly EMI of ₹12.95 lakh.
- 7-Year Loan: Monthly EMI of ₹11.56 lakh.
Key Factors to Consider:
- The actual loan amount and interest rate will depend on your credit score and the bank’s terms.
- A strong credit score is essential to secure approval for a car loan and enjoy competitive interest rates.
By carefully planning your finances and EMI structure, fulfilling your dream of owning a Rolls-Royce can become a reality!