look news india
New Delhi: Mahindra launched Mahindra Thar Roxx in the Indian market in August 2024. If you are also planning to buy the base variant MX1 RWD of this car and want to bring the car home by making a downpayment of Rs 2 lakh, then how much EMI will you have to pay every month? We are giving you this information in this news.
Mahindra has launched the MX1 RWD variant of Mahindra Thar Rocks in the Indian market at an ex-showroom price of Rs 12.99 lakh. If this vehicle is bought in Delhi, then road tax of about Rs 1.30 lakh, insurance of about Rs 79 thousand and TCS charge of about Rs 13 thousand will have to be paid. After which the on-road price of Mahindra Thar Rocks MX1 RWD becomes around Rs 15.21 lakh.
EMI of Rs 21,000 after down payment of Rs 2 lakh
If you buy the base variant of this car MX1 RWD, then the bank will finance the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, you will have to finance about Rs 13.21 lakh from the bank. If the bank gives you Rs 13.21 lakh at 8.7% interest for seven years, then you will have to pay an EMI of Rs 21053 every month for the next seven years.
How expensive will Thar Rocks be?
If you take a car loan of Rs 13.21 lakh from a bank for seven years at an interest rate of 8.7 percent, then you will have to pay an EMI of Rs 21053 every month for seven years. In such a situation, in seven years you will have to pay around Rs 4.47 lakh as interest for Mahindra Thar Rocks MX1 RWD. After this, the total price of your car including ex-showroom, on-road and interest will be around Rs 19.68 lakh.
