Affordable Audi Q3: Understanding EMI and Financing Options

If you're considering purchasing the Audi Q3 and looking for affordable financing options, you've come to the right place. Understanding the EMI costs and the details of the financing process is crucial for making an informed decision.

Understanding EMIs for Audi Q3

EMI, or Equated Monthly Installment, is the amount you need to pay each month to repay a loan taken for purchasing the car. For the Audi Q3, the simple calculation is based on a rate that can be as low as Rs. 1100 per lakh of the loan amount.

Calculating the Cheapest EMI for Audi Q3

Let's break down the pricing and financing details:

The on-road cost of the Audi Q3 is approximately Rs. 30 Lakh. Tax and Registration Shoulder 25 Lakh (20% of the on-road cost). To simplify financing, the bank can fund up to 90% of the on-road cost less tax and registration.

Therefore, 90% of the Rs. 30 Lakh (on-road cost less tax and registration) is Rs. 27 Lakh.

Calculating the Monthly EMI

Given:

The EMI rate is Rs. 1100 per lakh of the loan amount. The loanable amount is Rs. 27 Lakh.

EMI Calculation:

EMI Rs. 1100 per lakh x 27 Rs. 29,700 per month.

Financing and Upfront Payment

It's important to note that while the monthly EMI is Rs. 29,700, you still need to pay an upfront amount. Typically, this is 10% of the on-road cost less tax and registration:

10% of Rs. 27 Lakh Rs. 270,000 (2.7 Lakhs).

This means that for purchasing the Audi Q3, you need to have Rs. 270,000 as an upfront payment, and the remaining will be covered by the EMI.

Conclusion: Making an Informed Decision

Whether you're a first-time car buyer or investing in your next Audi Q3, understanding these financing details is crucial. The Audi Q3, with its affordable EMIs and straightforward financing process, is an excellent choice for enthusiasts who want to own a new car without breaking the bank.

Looking to finance your next Audi Q3? Contact a reliable dealership or bank today and start your journey towards a new Audi.