Mahindra’s vehicles have a different craze, which wins everyone’s heart. The vehicles of this company have been liked a lot by villages to cities. You must have heard the name of the Mahindra Bolero Neo. It is considered a very reliable SUV. You can also buy this vehicle through a finance plan.
You can buy it with a down payment. You can buy the top variant of the Mahindra Bolero Neo on a total down payment of Rs 2 lakh. After buying it, you will have to pay EMI every month. Its features are amazing. If you miss the opportunity to buy, then you will have to regret it.
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Price of Mahindra Bolero Neo
The top variant of the Mahindra Bolero Neo creates a stir among the customers. The price of this bike has been fixed at Rs 11.48 lakh ex-showroom. If this vehicle is bought in the capital Delhi, then about Rs 1.43 lakh will have to be deposited as RTO charges and Rs 55,000 as insurance. Including all these, the on-road price of this SUV goes up to around Rs 13.57 lakh.
How much down payment is needed to buy a car
You can bring home the Mahindra Bolero Neo car with a down payment of Rs 2 lakh. You will need to get Rs 1157 lakh financed from the bank. The bank works to give you this amount for a loan period of 7 years at an interest rate of 9 per cent.
You will have to pay an EMI of about Rs 18,621 every month. In seven years, you will have to pay Rs 4.06 lakh as additional interest. Including the interest amount, the price will go up to about Rs 17.64 lakh.
Features of the car
The features of the Mahindra Bolero Neo car are very strong. It also includes a powerful engine, great ground clearance and a comfortable interior. This SUV can prove to be reliable for both city driving and long journeys. These include models like Maruti Grand Vitara, Hyundai Creta, and Kia Seltos.