Honda brings back the CBR1000RR-R Fireblade SP in India at a price tag of Rs 28.99 lakh (ex-showroom). The litre-class superbike comes fully forged and is powered by a 999cc inline-four mill capable of belting out close to 217.5 hp and 113 Nm of torque with advanced race-derived hardware and electronics. Since it carries a premium price tag, most buyers will opt for financing options. Below is a simple EMI example and what you should keep in mind when budgeting to own this extraordinary motorcycle.
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Price And What's On Offer
The Fireblade SP marks the return of Honda with its flagship superbike in India, carrying premium components such as Showa suspension and Brembo brakes, besides a full suite
of electronics. The ex-showroom price has been set at Rs 28.99 lakh, but putting it on the road will cost more due to some added state taxes with insurance and registration fees. You can also get further detailed specs and dealer pricing on the official product page.
Honda CBR1000RR-R SP: EMI Numbers
At 10% down payment, a 9% per annum interest rate, and payable within 24 months will give the following figures:
- Ex-showroom price: Rs 28,99,000
- Down payment (10%): Rs 2,89,900
- Loan principal: Rs 26,09,100
- Monthly EMI (24 months at 9% p.a.): Rs 1,19,196
- Total interest paid over term: about Rs 2,51,605
The figures above have been arrived at using the prevalent reducing-balance EMI formula rounded to the nearest rupee. Though long tenures reduce monthly payouts, they add up to increase total interest paid. For instance, a 36 month EMI is about Rs 82,969 while that of a 48 month EMI is approximately Rs 64,928 (These are illustrative calculations; actual bank offers may vary).
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What Buyers Should Check?
See the dealer's exact on-road quote, financing schemes already available, processing fees, and insurance options. Certain factors do influence interest rates: such as your credit score, the lender, and also the loan tenure. Do not forget about the maintenance cost and accessories as well as running expenses which are higher in a litre-class superbike.
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