Porsche 718 Car Loan EMI Calculator

₹ 2,99,523.
Here is how - Porsche 718 price starts from ₹ 1,76,24,834 in Jagi Road. If you pay a down payment of ₹ 28,52,834 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,99,523.

The cheapest 718 model is Cayman which is priced at ₹ 1,76,24,834 in Jagi Road. You will need to pay at least a ₹ 28,52,834 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for 718.

Version	On-road price in Jagi Road	Max Loan
Cayman	₹ 1,76,24,834	₹ 1,47,72,000
Boxster	₹ 1,81,48,511	₹ 1,52,13,000
Cayman GTS 4.0	₹ 1,99,74,847	₹ 1,67,51,000
Boxster GTS 4.0	₹ 2,05,02,086	₹ 1,71,95,000
Cayman GT4 RS	₹ 3,26,71,330	₹ 2,74,43,000
Cayman Style Edition	₹ 1,85,70,064	₹ 1,55,68,000
Boxster Style Edition	₹ 1,90,93,741	₹ 1,60,09,000

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for 718 Cayman will be ₹ 2,74,704 but you will have to pay interest of ₹ 83,03,136 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 5,52,298, but your interest payment will be only ₹ 51,10,728 over the 3 years period.

₹ 2,99,523
Porsche 718 price starts from ₹ 1,76,24,834 in Jagi Road.

We have considered
Down-payement : ₹ 28,52,834
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 718 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 58,75,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of 718 starts from ₹ 1.76 Crore, you can get a loan with an annual income as low as ₹ 58.75 lakh.

Here are the most important things you should consider while getting a car loan for a new 718

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.