Bring home the base variant of Mahindra SUV, you will have to make a down payment of Rs 2 lakh : If you are also planning to buy a car and want to bring home the base variant MX1 of Mahindra XUV 3XO, then after making a downpayment of Rs 2 lakh, the company's budget SUV can be yours. Mahindra sells many vehicles in the SUV segment. How much EMI will have to be paid on the car every month. We are giving you information about this in this news. This car from the company competes directly in the market with SUVs like Renault Kiger, Maruti Breeza, Tata Nexon, Kia Sonet, Hyundai Venue, Nissan Magnite.
This is the ex-showroom price
MX1 is offered by Mahindra as the base variant of XUV 3XO. The ex-showroom price (Mahindra XUV 3XO MX1 Price) of the base variant of this car is Rs 7.99 lakh. If this car is bought in Delhi, then about 56 thousand rupees will have to be paid for RTO and about 42 thousand rupees for insurance. After which Mahindra XUV 3XO MX1 on road price becomes around 8.97 lakh rupees.
How much EMI will have to be paid
If you buy the base variant MX1 of this car, then the bank will finance it at the ex-showroom price only. In such a situation, after making a down payment of two lakh rupees, you will have to get finance of about 6.97 lakh rupees from the bank. If you are given 6.97 lakh rupees for seven years with 9 percent interest from the bank, then you will have to pay an EMI of 11216 rupees every month for the next seven years.
How expensive will the car be
If you take a car loan of Rs 6.97 lakh from the bank for seven years with an interest rate of 9 percent, then you will have to pay an EMI of Rs 11216 every month for seven years. In such a situation, in seven years you will pay around Rs 2.45 lakh as interest for Mahindra XUV 3XO MX1. After which the total price of your car including ex-showroom, on road and interest will be around Rs 11.42 lakh. Mahindra offers XUV 3XO as a sub four meter SUV.