Mahindra XUV 3XO MX2 Diesel rivals Nexon, Sonet, Brezza in compact SUV segment

The Mahindra XUV 3XO is a compact SUV offered by Mahindra. Mahindra XUV 3XO is available in various variants. If you are planning to purchase the diesel version of the Mahindra XUV 3XO SUV and want to take the vehicle home after making a down payment of ₹2 lakh, what EMI you will pay every month? (Mahindra XUV 3XO Down Payment and EMI)

The company provides the MX2 Diesel variant of the XUV 3XO model. The ex-showroom price of this variant is ₹8.95 lakh. The cost incurred on RTO will be around ₹83,000 if you buy this vehicle. Similarly, the cost incurred on insurance will be around ₹42,000. Hence, the on-road price of the Mahindra XUV 3XO vehicle will be around ₹10.20 lakh.

If you purchase the MX2 diesel variant of this car, the bank will finance the ex-showroom price. After making a down payment of ₹2 lakh, you will have to finance approximately ₹8.20 lakh from the bank. If the bank lends you ₹8.20 lakh for seven years at 9% interest, you will have to pay an EMI of ₹13,202 per month for the next seven years.

If you take a car loan of Rs 8.20 lakh from a bank for seven years at an interest rate of 9%, you will have to pay an EMI of Rs 13,202 every month for seven years. In this case, in seven years, you will pay around Rs 2.88 lakh as interest for the diesel variant of the Mahindra XUV 3XO. After which, the total price of your car, including ex-showroom, on-road, and interest, will be around Rs 13.08 lakh.

The XUV 3XO is offered by the manufacturer as a compact SUV. This SUV of Mahindra competes directly in the market with SUVs like Renault Kiger, Maruti Breeza, Tata Nexon, Kia Sonet, Hyundai Venue,and  Nissan Magnite.