Vehicle Financing Scheme. In the SUV market, Mahindra also sells the Mahindra Scorpio N with Carbon Edition. If you intend to purchase its special edition and take it home, you can do so by paying the monthly installment after making a down payment of merely Rs 5 lakh. Let’s investigate.
One of India’s top automakers, Mahindra, offers SUVs in a variety of market niches. The manufacturer’s Mahindra Scorpio N was introduced with the Carbon Edition a while ago. If you also intend to purchase a Scorpio N with this edition, how much EMI can you afford to pay after making a Rs. 5 lakh down payment? In this news, we are informing you.
The cost of the Mahindra Scorpio N Carbon Edition
The Carbon Edition Scorpio N was just introduced by Mahindra in India. The new model of this car, the Mahindra Scorpio N Carbon Edition, costs Rs 19.64 lakh ex-showroom. If this car is purchased in Delhi, the RTO would cost about Rs 2.45 lakh, and the insurance will cost about Rs 1.05 lakh. In addition, a TCS fee of Rs 19647 will need to be paid for the SUV. The on-road cost of the Mahindra Scorpio N Carbon Edition then drops to about Rs 23.34 lakh.
The amount of EMI following a five-lakh down payment
The bank will finance the purchase of the Carbon Edition automobile at the ex-showroom price alone. After paying a down payment of Rs 5 lakh, you will need to obtain around Rs 18.34 lakh in bank financing in this scenario. An EMI of Rs 29522 per month for the following seven years will be required if the bank grants you Rs 18.34 lakh for seven years with 9% interest.
How much will the vehicle cost?
You will have to pay an EMI of Rs 29522 per month for seven years if you take out a car loan from the bank for Rs 18.34 lakh at a 9 percent interest rate. In this case, you will spend around Rs 6.44 lakh in interest on the Mahindra Scorpio N Carbon Edition over seven years. After that, your car’s entire cost, including ex-showroom, on-road, and interest, would be around Rs 29.79 lakh.
Who is the rival?
The Tata Safari Dark Edition and the MG Hector Blackstorm Edition are direct competitors of Mahindra’s Scorpio N Carbon Edition in the market. In addition, a lot of other SUVs and MPVs compete fiercely with it.
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