Porsche 718 Car Loan EMI Calculator

₹ 2,99,523.
Here is how - Porsche 718 price starts from ₹ 1,75,32,584 in Mumbai. If you pay a down payment of ₹ 27,60,584 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 ₹ 1,75,32,584 in Mumbai. You will need to pay at least a ₹ 27,60,584 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 Mumbai	Max Loan
Cayman	₹ 1,75,32,584	₹ 1,47,72,000
Boxster	₹ 1,80,53,476	₹ 1,52,13,000
Cayman GTS 4.0	₹ 1,98,70,104	₹ 1,67,51,000
Boxster GTS 4.0	₹ 2,03,94,540	₹ 1,71,95,000
Cayman GT4 RS	₹ 3,24,99,092	₹ 2,74,43,000
Cayman Style Edition	₹ 1,84,72,788	₹ 1,55,68,000
Boxster Style Edition	₹ 1,89,93,681	₹ 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 ₹ 2,73,267 but you will have to pay interest of ₹ 81,82,428 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 ₹ 5,49,407, but your interest payment will be only ₹ 50,06,652 over the 3 years period.

₹ 2,99,523
Porsche 718 price starts from ₹ 1,75,32,584 in Mumbai.

We have considered
Down-payement : ₹ 27,60,584
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 ₹ 58,45,000

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 ₹ 1.75 Crore, you can get a loan with an annual income as low as ₹ 58.45 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.