For instance, in Meghalaya, road tax can be a substantial addition to the overall cost of your new car. The higher the road tax, the more you need to plan for the total price of your car. But what if there was a way to make this cost more affordable?
This is where Bajaj Finserv New Car Loans come into play. Our new car loans can cover up to 100% of your new car's on-road price, including road tax. Here’s the best part – you may already be pre-approved for our new car loan. Check your offer and get closer to driving home your dream car.
Read on to know more about how Meghalaya road tax impacts the total cost of your new car and how our new car loans can assist you in covering these expenses.
Meghalaya road tax
Meghalaya road tax is a mandatory fee that car owners must pay for using public roads in the state. This tax is calculated based on several factors, such as the vehicle's price, engine capacity, and other details like its age and type. The tax is collected by the Meghalaya government to help maintain and improve the state’s road infrastructure.But, have you thought about how this tax will affect the final price of your new car? When buying a new car in Meghalaya, it’s crucial to factor in the road tax in addition to the car's price. This is why understanding how the road tax works in Meghalaya can help you better plan your car-buying budget.
Meghalaya road tax calculation
So, how is the road tax in Meghalaya calculated? The road tax in Meghalaya is based on several factors, including the car’s weight, engine capacity, purpose of use, and age. Heavier vehicles generally attract higher road tax rates, while older vehicles may face different tax rates depending on their environmental impact and emissions. The type of use – whether personal or commercial – also influences the tax amount, with commercial vehicles often paying higher taxes.Additionally, a vehicle’s engine size, seating capacity, and dimensions (length and width) contribute to the tax calculation. Larger vehicles, like SUVs and trucks, typically incur higher road tax. The fuel type is another significant factor, with non-polluting vehicles usually receiving lower tax rates.
For example, if you buy a new car in Meghalaya with an engine capacity of 1,000 cc and a price of Rs. 8 lakh, the road tax could range from 8% to 10% of the vehicle’s cost. This means the road tax could be between Rs. 64,000 and Rs. 80,000.
Does this sound like a significant amount? The added road tax can sometimes surprise car buyers. But what if you could finance the entire cost of your car, including the road tax, with a simple car loan? Wondering how much you can borrow through Bajaj Finserv New Car Loans to cover these expenses? With just a few clicks, you can check your new car loan eligibility. Take the first step towards your new car by checking your eligibility today.
Road tax in Meghalaya for new cars
When purchasing a new car, Meghalaya road tax can make up a large portion of the total cost. New cars are subject to road tax, which is calculated based on factors such as the car’s price, engine capacity, and type. Smaller cars tend to have a lower road tax rate, while larger vehicles like SUVs incur a higher tax rate. Have you taken these additional costs into account when planning your new car purchase?If you are considering buying a new car in Meghalaya, be sure to check the road tax amount before finalizing your purchase. Don’t let the road tax surprise you after you’ve signed the deal. Plan ahead and consider financing options that can help cover the cost of these expenses.
Here’s a breakdown of road tax for new private vehicles in Meghalaya:
Cost of the four-wheeler | Road tax for 10 years |
Up to Rs. 3 lakhs | 4% of the original cost |
More than Rs. 3 lakhs but less than Rs. 15 lakhs | 6% of the original cost |
More than Rs. 15 lakhs but less than Rs. 20 lakhs | 8% of the original cost |
More than Rs. 20 lakhs | 10% of the original cost |
How to pay Meghalaya road tax online?
Paying road tax in Meghalaya is now more convenient than ever. The state’s Transport Department offers online payment options, which allow you to settle your road tax without visiting the office. Here’s how you can 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 saves you time and makes road tax payment easier and more efficient.
Road tax in Meghalaya plays an important role in the final cost of your new car. While it can be a significant additional expense, with proper planning and the right financial tools, it doesn’t have to be overwhelming. Bajaj Finserv New Car Loans can help you finance up to 100% on-road price of your vehicle, including road tax, so you can focus on enjoying your new car. Check your pre-approved offer now and choose the car as per your needs.
Ready to take the next step? Check out the road tax and other factors that influence the price of your new vehicle. If you need financial assistance, explore Bajaj Finserv’s new car loan options today!