.jpg)
Mahindra Bolero Base Model EMI: How Much Will You Pay After ₹2 Lakh Down Payment?
Car Finance Plan: Mahindra offers the Mahindra Bolero as an SUV in the Indian market. If you are considering purchasing the base variant of this SUV, how much EMI will you pay (Mahindra Bolero Down Payment and EMI) after paying a down payment of Rs. 2 lakh? Let's find out.
Mahindra is one of the top automobile manufacturing companies in India, and the Mahindra Bolero is one of its products, falling in the SUV category. If you are thinking of purchasing a base model of the Mahindra Bolero, and you want to take delivery of the vehicle by paying a down payment of Rs. 2 lakhs, how much EMI will you have to pay (Mahindra Bolero Down Payment and EMI)?
Mahindra offers the Bolero as an SUV. The ex-showroom price of the base variant of this vehicle (Mahindra Bolero Price) is Rs. 7.99 lakh. If this car is purchased in Delhi, you will have to pay around ₹75,000 for RTO and around ₹40,000 for insurance. After this, the on-road price of the Mahindra Bolero comes to around ₹9.48 lakh.
If you buy the base variant of this car, the bank will finance it at the ex-showroom price. In such a case, after making a down payment of ₹2 lakh, you will have to finance around ₹7.48 lakh from the bank. If you are given ₹7.48 lakh for seven years at 9% interest, then you will have to pay an EMI of ₹12,042 per month for the next seven years.
Want to get your story featured as above? click here!
Want to get your story featured as above? click here!
If you take a car loan of ₹7.48 lakh from the bank for 7 years at 9% interest, you will have to pay an EMI of ₹12,042 per month for 7 years. In this case, you'll pay approximately ₹2.63 lakh in interest over seven years for the Mahindra Bolero. After this, the total cost of your car, including ex-showroom, on-road, and interest, will be approximately ₹12 lakh.
Mahindra offers the Bolero as an SUV. This car competes directly with SUVs like the Maruti Grand Vitara, Hyundai Creta, Kia Seltos, and Honda Elevate.
