Lakshadweep road tax

When considering purchasing a new car, there are several factors that come into play—ex-showroom price, features, and road tax. Road tax is a key component in the final cost of your car that you pay to the government. While car prices may vary, road tax can differ significantly across states and union territories. In Lakshadweep, road tax plays an important role in determining the overall cost of your car.

For instance, the road tax in Lakshadweep can add a substantial amount to the final price of your new car, depending on the vehicle's cost. The higher the road tax, the more you will need to plan for the total amount to be paid. But what if there was a way to make this cost more affordable?

This is where Bajaj Finserv New Car Loans can come to your rescue. Our new car loans can cover up to 100% of your new car's on-road price, including road tax. The best part? You may already be pre-approved for our new car loan. Check your offer and move one step closer to owning your dream car.

Keep reading to understand how road tax in Lakshadweep affects your car’s final price and how our new car loans can help cover these expenses.

Lakshadweep road tax

Road tax in Lakshadweep is a mandatory fee that all vehicle owners must pay to use public roads in the region. This tax helps the local government maintain and improve road infrastructure. Road tax rates in Lakshadweep vary depending on factors such as the car’s ex-showroom price, engine size, and fuel type. It is important to consider road tax alongside the car’s price to understand the total cost of ownership when purchasing a new car in Lakshadweep.

Understanding how road tax works in Lakshadweep will help you plan your budget better and avoid any surprises after the purchase. In this guide, we’ll break down how road tax is calculated and how you can manage this expense through Bajaj Finserv’s New Car Loan offerings.

Lakshadweep road tax calculation

In Lakshadweep, road tax is determined by various factors, including the vehicle’s weight, age, engine capacity, and its intended use. Heavier vehicles usually attract higher taxes, while older vehicles might be taxed differently due to their environmental impact and emissions. Commercial vehicles are generally subject to higher tax rates compared to personal vehicles.

Other factors like seating capacity, engine size, and the vehicle's dimensions (length and width) are also considered when calculating the road tax. Larger vehicles, such as SUVs and trucks, tend to incur higher taxes. The type of fuel used by the vehicle is another key factor, with eco-friendly vehicles often benefiting from lower tax rates.

For example, if you purchase a new car priced at Rs. 8 lakh, the road tax in Lakshadweep could range from 8% to 10% of the car’s cost, which would mean paying between Rs. 64,000 and Rs. 80,000 as road tax.

While this amount may appear to be significant, you can finance both the cost of the car and the road tax through a car loan. A Bajaj Finserv New Car Loan can help cover these additional costs. Check your new car loan eligibility and can take a step closer to purchasing your new car in Lakshadweep.

Road tax in Lakshadweep for new cars

When you buy a new car in Lakshadweep, road tax can be an important factor in determining your total cost. Here’s a general breakdown of road tax rates based on the ex-showroom price of your new car:

Vehicle category: Motorcycles, cars, commercial vehicles, etc.

Engine size: The engine's capacity influences the road tax rate.

Vehicle age: Tax rates may be lower for older vehicles.

Fuel type: Diesel vehicles typically incur higher road tax than petrol vehicles.

Note: The specific tax calculation and rates may differ. It’s recommended to reach out to the Lakshadweep authorities for the most precise and current details.

It’s essential to factor in this additional tax when purchasing a new car, as road tax can significantly increase the overall cost of the vehicle.

How to pay Lakshadweep road tax online?

Paying road tax in Lakshadweep has become easier with the advent of online payment options. You can now settle your road tax dues conveniently without needing to visit any office. Here’s how to do it:

Visit the official e-Vahan website at https://parivahan.gov.in/ and enter your vehicle details.

Navigate to the 'Online Services' section and select ‘Pay Vehicle Tax’.

Enter your vehicle registration number and other required details.

The portal will display your vehicle’s information and any outstanding tax dues.

Proceed with payment using a debit card, credit card, or net banking option.

After successful payment, you will receive an electronic receipt for your records.

This online process is simple, secure, and saves you the time of visiting a transport office, ensuring a smooth experience when paying your road tax.

Road tax is an important consideration when purchasing a car in Lakshadweep. It can significantly impact your total car-buying cost, but with the right financial planning, you can manage these expenses with ease. Bajaj Finserv New Car Loans can cover up to 100% of your car’s on-road price, including road tax, making the process more affordable and convenient.

Ready to make your dream car a reality? Check your pre-approved offer today and explore the various car loan options available through Bajaj Finserv. We’re here to help you drive home your new car with confidence.