Mahindra Scorpio Classic: One of the most popular SUVs in the Indian market, the Mahindra Scorpio Classic, remains a favourite of customers even today due to its strong performance and robust structure. The popularity of this SUV is especially visible in rural areas. If you are also thinking of buying Mahindra Scorpio Classic, then this information is very useful for you. In this article, we will give you complete information about its on-road price, EMI, and down payment.
On-road price and EMI
The ex-showroom price of the new Mahindra Scorpio Classic starts at ₹ 13.62 lakh. At the same time, the on-road price of its base S diesel variant in the capital Delhi is around ₹ 16.28 lakh. This includes ₹ 1.75 lakh RTO charge and about ₹ 64 thousand insurance.
For example, if you make a down payment of ₹ 5 lakh for this SUV and take a car loan for the remaining ₹ 11.28 lakh. Suppose, due to your good credit score, you get a loan from the bank at an interest rate of 9 percent.
In such a situation, if you take a loan for 5 years, you will have to pay an EMI of ₹ 23,423. On the other hand, if you take a car loan for 7 years, the EMI amount will be reduced to ₹ 18 thousand.
How much interest will have to be paid
After taking a loan of ₹ 11.28 lakh for Mahindra Scorpio Classic, you will have to repay ₹ 14 lakh in 60 installments including interest. At the same time, after adding the down-payment amount to it, the price of the SUV will be around ₹ 19 lakh.
After buying Mahindra Scorpio Classic on loan, you will have to pay around ₹ 25-30 thousand as EMI. If fuel and maintenance expenses are also added to this, then this amount will be around ₹ 35 thousand. If your monthly income is up to 70-80 thousand, then you can easily afford this SUV.
The on-road price of Mahindra Scorpio Classic may vary depending on the city and dealership. Apart from this, the interest rate at which you will get a car loan depends on your credit score. For more information, customers can contact the nearest Mahindra showroom.