When planning to buy a new car, what comes to mind first? Is it the ex-showroom price, the car’s features, or the road tax? Road tax is a government fee that forms an essential part of your vehicle’s total cost. Although car prices vary by brand and model, road tax rates are different in every state, which can influence your overall budget.
In Meghalaya, road tax can make a considerable difference to the final price of your new vehicle. A higher tax means you must prepare financially in advance. But what if there was a way to make this cost easier to handle?
Bajaj Finserv New Car Loans can help by financing up to 100% of your car’s on-road price, including the road tax. You may already be pre-approved. Check your pre-approved new car loan offer now and move one step closer to driving your new car.
Continue reading to learn how road tax in Meghalaya affects your final cost and how Bajaj Finserv New Car Loans can help manage this expense.
Meghalaya road tax
Road tax in Meghalaya is a compulsory payment for every vehicle owner using public roads in the state. The money collected is used by the government to develop and maintain road infrastructure. The tax amount depends on the car’s value, engine power, age, fuel type, and usage.
If you are planning to buy a car in Meghalaya, remember to add this tax to your total budget. It is not included in the ex-showroom price and can be a sizeable amount. Being informed about how this tax is charged will help you plan your finances better and avoid budget issues during purchase.
Meghalaya road tax calculation
Meghalaya calculates road tax based on multiple factors. These include the vehicle’s weight, engine size, fuel type, and whether it is for personal or commercial use. Heavier and commercial vehicles often attract higher taxes.
Older cars may have different tax rates because of their pollution levels and environmental impact. A vehicle’s seating capacity, dimensions, and engine power also affect the final tax amount. Larger cars such as SUVs and trucks usually incur more tax than compact vehicles.
The type of fuel matters too. Vehicles running on eco-friendly or low-emission fuels often qualify for reduced tax rates. This helps promote cleaner vehicle use across the state.
You can pay the road tax online in Meghalaya. This process is fast and convenient, removing the need to visit a transport office.
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 is an important part of the total cost of your car. It can increase your overall spending, especially if the vehicle falls into a higher tax category.
Bajaj Finserv New Car Loans are designed to support your purchase. These loans can cover up to 100% of the vehicle’s on-road price, including the road tax. With flexible EMIs and competitive car loan interest rates, you can buy your dream car with ease.
Check your pre-approved new car loan offer today and explore the available car loan options from Bajaj Finance. Choose a vehicle that fits your needs and budget with confidence.