Planning to buy a new car involves more than just picking the right model. You also need to consider the total cost, which includes road tax. This tax is a government fee that every car owner must pay to drive legally on public roads.
Road tax varies widely across different states and union territories in India. In Lakshadweep, it plays a key role in determining the on-road price of your vehicle. Depending on your car’s value, the tax amount can be substantial.
A higher road tax means a larger financial commitment. This makes it important to plan your car budget carefully. Fortunately, there is a way to manage this cost more easily.
Bajaj Finserv New Car Loans can help cover up to 100% of your car’s on-road price, including the road tax. You may even be pre-approved. Check your pre-approved new car loan offer today and move closer to owning your dream car.
Keep reading to understand how road tax in Lakshadweep is calculated and how a Bajaj Finserv New Car Loan can help.
Lakshadweep road tax
Road tax in Lakshadweep is a compulsory charge collected from vehicle owners for using public roads. The funds are used by the local government to build and maintain road infrastructure across the region.
The amount of tax you pay depends on several factors. These include the car’s ex-showroom price, engine size, and fuel type. It is important to factor in road tax when calculating the full cost of car ownership in Lakshadweep.
Ignoring this cost can lead to budgeting surprises later. Knowing how the tax works can help you plan your expenses in advance. In the following section, you will find how road tax is calculated and how Bajaj Finserv can support you in managing this additional cost.
Lakshadweep road tax calculation
Road tax in Lakshadweep is calculated using various vehicle-specific details. These include the car’s weight, age, engine capacity, and its intended use. Heavier cars generally attract higher tax amounts. Older vehicles may face different tax rates due to environmental concerns.
If your vehicle is for commercial use, you will likely pay a higher tax compared to a personal vehicle. Other important factors include engine size, seating capacity, and vehicle dimensions such as length and width.
SUVs, trucks, and other large vehicles usually carry a higher road tax than compact cars. The fuel type also plays a major role. Cars powered by eco-friendly fuel options, such as electric or hybrid systems, often qualify for reduced tax rates.
Paying the road tax in Lakshadweep has now become easier through an online platform. This system saves time and avoids the need for physical visits to transport offices.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.
Road tax in Lakshadweep is an important part of the total cost when buying a car. It can significantly affect your budget, especially if your vehicle falls into a higher tax bracket.
With Bajaj Finserv New Car Loans, you can finance up to 100% of the on-road cost of your vehicle. This includes the road tax. With simple online steps and flexible repayment plans, managing your car expenses becomes more convenient
Check your pre-approved loan offer today and explore the financing options available through Bajaj Finserv. Make your car purchase smooth, affordable, and worry-free.
.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.
