Hey friends, Toyota Fortuner fans are hidden in every corner of India, as this car is famous in India for its amazing performance, strong looks, and great road presence. This SUV is often the first choice of celebrities and big people in India.
If you are also planning to buy a Toyota Fortuner, now you don't need to worry about the full payment, as you can now buy it on EMI as well. We have learned a little about this car.
Now, in this article, we will help you to make the right decision by keeping in mind the EMI calculation, finance plan, and budget, and provide a complete guide about the Toyota Fortuner EMI Plan.
Table of Contents
Toyota Fortuner’s Ex-Showroom and On-Road Price.
The ex-showroom price of the Toyota Fortuner‘s base variant is around 36 lakh rupees. But when we talk about the on-road price, RTO tax, insurance, and other charges are also included in it.
In cities like Delhi, its total cost reaches around 41.73 lakh. It means not only the price of the car, but also extra expenses that affect your budget.
Toyota Fortuner EMI and Down Payment Calculation.
Suppose, for once, that you take a loan from the bank to buy a Toyota Fortuner. Most banks give loans up to 90% of the ex-showroom price, which means you will have to pay a minimum of 10%, i.e., about 5 lakh rupees down payment. If you take a loan of 36 lakhs at a 9% interest rate for 7 years, then your Toyota Fortuner EMI will be about 58,000 rupees per month.
This EMI is quite high, especially when your monthly salary is 50,000 rupees. In such a situation, paying EMI will be very difficult, along with that, it will be almost impossible to manage other household expenses.
On Which Salary Can I buy: Toyota Fortuner EMI Ratio Guide?
Financial experts say that EMI should not be more than 40-50% of your salary. Meaning if your salary is 50,000 rupees, then your EMI should be between 20,000 to 25,000.
The Toyota Fortuner EMI is much more than this or even more than your salary, so if you have an extra income source or you can make a big down payment of up to 10-12 lakh, then only it will be right for you to buy this car.
Otherwise, in this budget, buying affordable SUVs like the Tata Nexon, Maruti Brezza, and Kia Sonet is a better option.
Toyota Fortuner Engine, Features and Specifications.
Now that we have talked about the price, let’s also know its specifications. Toyota Fortuner comes with two engine options – a 2.7-liter petrol engine and a 2.8-liter turbo diesel engine. Safety features include 7 airbags, ABS, EBD, and hill start assist.
The interior gets premium features like a 9-inch touchscreen infotainment system, wireless charger, and 360-degree camera, which give this SUV a luxury feel.
Is the Toyota Fortuner EMI Plan the Best to Buy?
If you are thinking of buying a Toyota Fortuner, then first of all, calculate your budget and EMI properly. For people with a low salary, its EMI can be very high.
It can be difficult to buy this car without extra income or a big down payment. As per the budget, options like Tata Nexon, Maruti Brezza, and Kia Sonet will be better
Aashrit Tiwari is an experienced automobile content creator with over 2 years of dedicated writing in the cars niche. His passion for cars stems from early exposure to high-end vehicles at home, translating into deep hands-on knowledge and real-world insight. At Accelon Motors, he shares automobile & cars news, expert reviews, latest updates, and analysis trusted by readers across India. His consistent research and on-ground experience make him a credible voice in the automotive blogging space.