Mahindra Thar is a name that dwells in the heart of every SUV lover. If you too are eyeing this powerful car but the tension of the budget is haunting, then you can bring it to your house by giving only ₹2 lakh Down Payment. So let’s know the finance plan, price and full detail of EMI of this great SUV.
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Price
Thar’s base variant from Mahindra is available as an AX (O) model in diesel engines. The company has placed its Ex-Showroom Price ₹9.99 lakhs. If it is purchased in Delhi, it will have to add a registration tax of ₹87,000 and insurance of approximately ₹49,000.
Including these, the On-Road Price sits at about ₹11.36 lakhs. That is, in this price you are getting an SUV which is the perfect combination of style, power and trust.
Down Payment
If you pay ₹2 lakh Down, how much EMI will have to be given every month. If the bank finances you for seven years at a 9% interest rate, you will get a loan of around ₹9.36 lakhs. In such a situation, your EMI of every month will be made closer ₹15,058 rupees. That is, you can own Mahindra Thar for just ₹15 thousand rupees per month.
Total Cost
If you take a loan of ₹9.36 lakh from the bank for 7 years, you will have to pay interest of about ₹3.28 lakhs. That is, the total price of Thar will reach about ₹14.64 lakh rupees by adding on-road price and interest. This may seem a bit high in price, but it seems completely reasonable given the SUV’s robustness, features and off-road capability.
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Competition
Mahindra Thar now faces off-road SUVs such as its own Thar Roxx, and Maruti Suzuki Jimny and Force Gurkha in the market. Thar’s design, engine performance and brand trust make it stand out from the rest.