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Mahindra Scorpio! This is not just a name, but a status that walks on the streets. Due to its strong muscular look and excellent performance, this vehicle has been ruling the hearts of people for years. This is one of those vehicles which almost everyone dreams of buying.
If you are also dreaming of making this ‘Baahubali’ SUV your own, but are worried about the budget, then today we will tell you that fulfilling this dream is not that difficult. Come, today let us explain to you the complete mathematics of its EMI in easy language.
Scorpio Classic: Recognition is enough
- King of the Roads: It is not just a car, but a moving fort on the road. Its high ground clearance of 209 mm makes it the king of rough roads.
- There is strength in the heart: It has a powerful engine of 2184 cc, which produces a power of 130 horses.
- Impact on pocket: Despite being so big and powerful, it gives an excellent mileage of around 14.44 kmpl.
- Space is space: The large boot space of 460 liters means the entire family’s luggage will fit comfortably.
Now the biggest question is – how much will it cost?
Scorpio Classic comes in 4 variants. Here we are talking about its most base model ‘S’ variant:
- Ex-showroom price: ₹12,97,701
- RTO and other expenses: ₹1,62,212
- Insurance: ₹79,265
- Total On-Road Price (New Delhi): ₹15,52,155
Complete account of EMI
Now coming to the most important thing. Suppose, for this car you Down payment of ₹4 lakh We do.
- Down Payment: ₹4,00,000
- Loan from bank: ₹11,52,155 (Total Price – Down Payment)
- Loan Period: 7 years
- Interest Rate (Approx): 10%
Accordingly, your monthly EMI will be: ₹19,127
As total interest you will get in this 7 year period ₹4,54,525 Will repay. In this way, this car will give you a total ₹20,06,680 Will be required.
an important thing
You can also increase or decrease your EMI! If you increase the down payment amount, your EMI will reduce. Similarly, if you choose to repay the loan in 5 years instead of 7 years, your EMI will increase slightly, but you will save a lot of money on interest.
So now you too can plan according to your budget and fulfill your dream of bringing home this king of the roads!
North India Statesman