If you really think about it, it's easier getting a loan for a car than a loan for bus fare!

    Luxury Cars in India 2019

    With easy access to auto finance, it is not surprising to see an increase in the number of Indian consumers who purchase luxury cars from world famous automakers like Audi, Mercedes-Benz, Land Rover, BMW, Rolls Royce, and Jaguar. Just comfort alone does not define a luxury car. Dynamic performance, top speed, advanced features, and phenomenal designs are what makes a luxury car attractive to consumers, especially the car enthusiasts. The price of a luxury car depends on the customisation demands of a consumer.

    Here is a list of the best luxury cars available on the Indian car market:

    1. Porsche Panamera

    The Porsche Panamera comes with an asking price ranging between Rs.2.41 crore and Rs.2.56 crore (ex-showroom Delhi). The car has been designed in such a way that it is functional and at the same time boasts the signature design of a Porsche vehicle. The Porsche Panamera is available in more than 15 colours, with a lot of metallic colour options to choose from.

    Porsche Panamera Specifications
    Top Speed 264 km/h
    Acceleration from 0 to 100 km/h 5.7 seconds
    Power 243 kW
    Displacement 2,995 cc
    Maximum Torque 450 Nm
    Fuel Consumption 7.5 - 7.6 l/100 km
    Maximum Load 575 kg
    Trunk Capacity 500 litre
    Fuel Tank 75 litre

    2. Maserati Quattroporte

    The Maserati Quattroporte has a price ranging between Rs.1.7 crore and Rs.2.42 crore (ex-showroom Delhi). The price of the car will be based on the variant chosen. The model comes in two variants - GranSport and GranLusso. The GranSport is ideal for people looking for a more sporty look in their vehicle. The GranLusso on the other hand focuses mainly on luxury. The Italian car model has more than 10 colour options to choose from.

    Maserati Quattroporte Specifications
    Displacement 2,987 cc
    Maximum power 202 kW
    Engine speed at maximum power 4,000 rpm
    Maximum speed 252 km/h
    Acceleration from 0 to 100 km/h 6.4 seconds
    Fuel consumption 6.2 l/100km
    Peak torque 600 Nm
    Engine speed at peak torque 2,000 - 2,600 rpm
    Transmission Automatic 8 gears

    3. Land Rover Range Rover Evoque

    The Land Rover Range Rover Evoque has a starting price of Rs.52.7 lakh and can go up to Rs.80.18 lakh (ex-showroom Delhi). Despite the increased emphasis on style in this vehicle, Land Rover has managed to incorporate all their classic characteristics in the vehicle. The car comes with close to 15 colour options to choose from.

    Land Rover Range Rover Evoque Specifications
      SWB LWB
      Vogue Vogue SE Vogue Vogue Vogue SE Vogue SE Vogue Vogue SE
    Fuel Diesel Diesel Petrol Diesel Diesel Petrol
    Maximum power(kW at r/min) 190 at 3,750 250 at 3,500 250 at 6,500 190 at 3,750 250 at 3,500 250 at 6,500
    Engine capacity 2,993 cc 4,367 cc 2,995 cc 2,993 cc 4,367 cc 2,995 cc
    Maximum torque (Nm at r/min) 600 at 1,750 - 2,250 740 at 1,750 - 2,250 450 at 3,500 - 5,000 600 at 1,750 - 2,250 740 at 1,750 - 2,250 450 at 3,500 - 5,000

    4. BMW 7-Series

    The price of the BMW 7-Series starts at Rs.1.42 crores and can go up to Rs.2.79 crore (ex-showroom Delhi). The 7-series focuses on delivering superior comfort and luxury. While delivering unmatched comfort and luxury is the main aim of the vehicle, the carmaker has also made sure that this model has all the traits a BMW manufactured vehicle generally has. There are more than 20 colour options available to choose from.

    BMW 7-Series Specifications
    Capacity 2,993 cc
    Acceleration from 0 to 100 km/h 6.2 seconds
    Maximum output (kW at r/min) 195 at 4,000
    Maximum torque (Nm at r/min) 620 at 1,500 - 2,500
    Fuel economy 16.77 km/l
    Transmission 8-Speed Steptronic Sport Automatic Transmission

    5. Jaguar XJ L

    The Jaguar XJ L is priced approximately between Rs.1.16 crore to Rs.2.26 crore (ex-showroom Delhi). The XJ L is Jaguar’s flagship sedan and has been receiving constant upgrades ever since its launch. There are 6 colour options to choose from for this car.

    Jaguar XJ L Specifications
    Capacity 2,993 cc
    Maximum power (kW at r/min) 225 at 4,000
    Maximum torque (kW at r/min) 689 at 1,800
    Top speed 250 km/h
    Transmission Automatic
    Acceleration from 0 to 100 km/h 6.2 seconds
    Number of seats 5

    6. Porsche Cayenne

    Porsche Cayenne is priced approximately between Rs.1.23 crore and Rs.2.02 crore. The Cayenne is one of the more sporty looking luxury cars available in the market. Four versions of the car are available in India - the Cayenne Turbo, Cayenne Diesel, Cayenne S,  and Cayenne S Diesel. More than 15 colour options are available to choose from.

    Porsche Cayenne Specifications
    Power (kW) 250
    Power  (hp) 340
    Fuel consumption combined 9.2 litre / 100 km
    Acceleration from 0 to 100 km/h 6.2 second
    Top speed 245 km/h

    7. Audi A8 L

    The Audi A8 L is priced approximately between Rs.1.38 crore and Rs.1.71 crore (ex-showroom Delhi). The A8 L is a premium luxury car that comes with an elegant design and lightweight construction. Changes have been made to the model to make it more efficient and effective. More than 15 different colour options are available to choose from.

    Audi A8 L Specifications
    Displacement 2,967 cc
    Maximum power (bhp at rpm) 247 at 4,000
    Maximum torque (Nm at rpm) 580 at 1,750
    Engine V6 diesel engine with turbocharging and common rail injection system
    Seating capacity 4
    Fuel tank capacity 82 litres
    Fuel efficiency 16.77 km/l

    How to afford a luxury car through auto finance?

    If you have a good credit score and a steady income, you can apply for a new or used car loan offered by banks, Non-Banking Financial Companies, and other lending institutions. Choose your dream car from a dealership, then go online to check your car loan eligibility. Car loan applicants must be 21 to 65 years of age and meet the minimum income requirements set by a bank. Then, compare various car loan offers on a reliable third-party website and choose one with the lowest interest rate, flexible tenure, and zero processing fee.

    How to apply for a car loan?

    Applying for a car loan has been made easy through the bank website. All you have to do is download the application form from the bank website. Then, submit the duly-filled and signed form along with the necessary documents such as identity, age, income, and address proofs at the nearest bank branch. The bank will verify your documents and process your application. Upon approval, the loan amount will be disbursed to your bank account within 24-48 hours.

    What is car loan EMI?

    Car loan can be repaid in Equated Monthly Installments (EMIs). You can use the free, online car loan EMI calculator available on the bank website or a third-party website to find out how much your car loan will cost you each month. A short loan tenure means higher EMI payments and a long tenure means smaller EMI payments. However, depending on your repayment capacity, choose a suitable car loan tenure that doesn’t increase your overall interest payment.

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