Nepali buyers with about Rs 40,000 monthly income can still think about a small car if the budget stays tight and the loan plan works.
The report says cars priced below Rs 23 lakh can be financed with a 50% down payment and the rest repaid over 7 years at about 11% interest.
Options mentioned
- Hyundai Santro Era — listed at Rs 23.96 lakh. The report says a revised calculation at Rs 22.96 lakh would mean a Rs 11.48 lakh down payment and a monthly installment of Rs 19,656. - **Renault Kwid — three variants are priced between Rs 21.96 lakh and Rs 22.73 lakh. The report says buyers can pay about Rs 19,000 per month. - Datsun Redi-Go — the 0.8-litre version costs Rs 19.99 lakh and the 1.0-litre version costs Rs 21.99 lakh. The 1.0-litre model comes to around Rs 19,000 a month. - Maruti Suzuki Alto — priced from Rs 18.99 lakh to Rs 22.99 lakh. Monthly installments are estimated at Rs 17,000 to Rs 19,000**.
The piece also says Nepal’s heavy taxes and the central bank’s lending cap have made vehicle buying more difficult.
Writes on vehicle pricing, taxation and the Nepali auto market from ongoing tracking of distributor price lists. Editorial policy.
