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      Ferrari 488 Car Loan EMI Calculator

      Ferrari 488 EMI starts at 7,47,181 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ N/A . Ferrari 488 price starts at ₹ 3.68 Crore and goes up to ₹ 4.40 Crore. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      Ferrari 488
      Ferrari488₹ 3.68 - 4.40 Crore

      Variant

      GTB

      Right Arrow

      City

      Virar

      Right Arrow

      Adjust 488 Car Loan Parameters

      On-Road Price

      ₹ 3,68,49,782

      488 GTB EMI

      7,47,181 for 5 Years

      Down Payment
      Loan Tenure (Months)
      Bank Interest Rate
      %

      Ferrari 488 GTB Car Loan EMI

      On-Road Price₹ 3,68,49,782
      Down Payment as per your Selectiont₹ 0
      Loan Amount₹ 3,68,49,782
      EMI Amount 7,47,181
      Interest Component79,81,078(17.8%)
      Principal Component3,68,49,782(82.2%)
      Total Payable over 5 Years4,48,30,860
      Note: This doesn't include bank processing fee.

      Ferrari 488 EMI

      Ferrari 488 Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 0

      On-Road Price in VirarMin Down PaymentEMI
      Spider

      ₹ 4,40,00,000

      ₹0₹8,92,161
      GTB

      ₹ 3,68,49,782

      ₹0₹7,47,181

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      Explore more about Ferrari 488

      Ferrari 488
      Ferrari 488
      ₹ 3.68 - 4.40 Crore On-Road Price, Virar

      488 EMI FAQs

      ₹ 7,47,181.
      Here is how - Ferrari 488 price starts from ₹ 3,68,49,782 in Virar. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,47,181.
      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 488 GTB will be ₹ 5,74,349 but you will have to pay interest of ₹ 1,13,95,534 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 ₹ 11,54,738, but your interest payment will be only ₹ 47,20,786 over the 3 years period.
      ₹ 7,47,181
      Ferrari 488 price starts from ₹ 3,68,49,782 in Virar.

      We have considered
      Down-payement : ₹ 0
      Tenure : 5 years
      Interest Rate : 8%
      You will need to fulfill the following 2 criteria to buy 488 with a loan
      • 1. Age should be above 21
      • 2. Your annual income should be above ₹ 1,22,84,000