You can bring home the base variant of Mahindra Scorpio N by paying only Rs 3 lakh, know along with the features, how much EMI will have to be paid every month?

Car News Desk – Mahindra sells vehicles in the SUV segment in the Indian market. If you are also planning to buy the base variant Z2 of the company's SUV Mahindra Scorpio N and want to bring the car home by making a down payment of Rs 3 lakh, then how much EMI will you have to pay every month. We are giving you information about this in this news.

Mahindra Scorpio NZ2 Price
Mahindra offers the Z2 as the base variant of the Scorpio N. The ex-showroom price of the base variant of this vehicle (Mahindra Scorpio NZ2 Price) is Rs 13.85 lakh. If this car is purchased in Delhi, then about Rs 1.43 lakh will have to be paid for RTO and about Rs 98 thousand for insurance. Along with this, Rs 13851 TCS charge and Rs 600 for Fastag will have to be paid for the SUV. After which the on road price of Mahindra Scorpio NZ2 becomes around Rs 16.40 lakh.

How much EMI after 3 lakh down payment? If you buy the base variant Z2 of this car, then the bank will finance it at the ex-showroom price. In such a situation, after making a down payment of Rs 3 lakh, you will have to finance around Rs 13.40 lakh from the bank. If you are given Rs 13.40 lakh from the bank for seven years with 9 percent interest, then you will have to pay EMI of Rs 21573 every month for the next seven years.

how expensive will the car be
If you take a car loan of Rs 13.40 lakh from the bank for seven years with 9 percent interest rate, then you will have to pay EMI of Rs 21573 every month for seven years. In such a situation, in seven years you will pay around Rs 4.71 lakh as interest for Mahindra Scorpio N Z2. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 21.12 lakh.

Who is there to compete with?
Mahindra presents Scorpio N as a mid-size SUV. This vehicle of the company competes directly with the best SUVs present in the market like Mahindra XUV 700, Tata Harrier, MG Hector, Kia Carens, Hyundai Alcazar.