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Maruti Celerio: What Salary Do You Need? Understand EMI Calculation!
- •The Maruti Suzuki Celerio is popular among middle-class families due to its attractive looks, excellent mileage, and low running costs.
- •The on-road price of the Celerio's base model is approximately Rs 5.10 lakh, while the top model can go up to Rs 7.55 lakh.
- •Experts recommend the 20/4/10 rule for car buying: 20% down payment, maximum 4-5 year loan tenure, and EMI not exceeding 10-15% of take-home salary.
- •To buy the base model, a monthly take-home salary of Rs 30,000 to Rs 35,000 is needed to comfortably pay an EMI of Rs 8,560.
- •For the top-end or CNG variant, a monthly take-home salary of Rs 45,000 to Rs 50,000 is suggested to manage the Rs 12,660 EMI and other running costs.
Key Questions Answered
The starting ex-showroom price of the Maruti Celerio ranges from approximately 4.70 lakh rupees to 6.75 lakh rupees. On-road, the base model can be purchased for around 5.10 lakh rupees, while the top CNG or automatic model costs approximately 7.55 lakh rupees.
Experts recommend paying at least 20 percent of the total on-road price as a down payment. The loan tenure should ideally be limited to 4 to 5 years, and the monthly EMI should not exceed 10 to 15 percent of your take-home salary.
For the base model LXi with an on-road price of about 5.10 lakh rupees and a 20 percent down payment, your monthly EMI would be roughly 8,560 rupees under a 5-year loan. According to financial rules, a take-home salary between 30,000 and 35,000 rupees allows you to buy this model easily.
