When it comes to powerful SUVs in the Indian market, Mahindra is undoubtedly one of the most trusted brands. Among their impressive lineup, the Mahindra Scorpio N stands out as one of the most popular models, especially the Z8 variant. If you’re planning to buy the Mahindra Scorpio N Z8 and are wondering about the down payment and EMI, this guide will break everything down for you in simple terms.
Mahindra Scorpio N Z8: A Premium SUV Option
The Mahindra Scorpio N Z8 is one of the top variants of this iconic SUV, offering a perfect balance between performance and luxury. As one of the second-highest variants, it comes with advanced features and enhanced comfort. The price of this variant makes it a great choice for those seeking a mid-range luxury SUV in India.
The ex-showroom price of the Mahindra Scorpio N Z8 is ₹18.84 lakh, which places it in the competitive price range of mid-size SUVs. However, when you add on-road charges, including the RTO charges of around ₹1.93 lakh, insurance costs of ₹1.21 lakh, TCS charges of ₹18,844, and a ₹600 Fastag fee, the on-road price of the Mahindra Scorpio N Z8 shoots up to approximately ₹22.18 lakh. This total cost includes everything you need to drive away with the vehicle in your name.
Down Payment and EMI Calculation for the Scorpio N Z8
Now, let’s dive into the financial aspect of purchasing the Mahindra Scorpio N Z8. If you’re considering buying this model, Mahindra offers various financing options to make the purchase more affordable.
For those who plan to pay a down payment of ₹3 lakh, the remaining ₹19.18 lakh will need to be financed through a bank loan. With an interest rate of 9% per annum and a loan tenure of 7 years, your EMI will be ₹30,859 per month.
This amount may seem like a lot, but if you break it down over seven years, the total EMI amount adds up to ₹30,859 each month. Over the entire loan term of 7 years, you will end up paying a total of ₹6.74 lakh as interest on the loan.
Thus, when you add the ex-showroom price, the on-road charges, and the interest over 7 years, the total cost of owning the Mahindra Scorpio N Z8 becomes approximately ₹28.92 lakh. This makes it a considerable investment but one that offers high performance and top-tier features in return.
What Makes the Mahindra Scorpio N Z8 a Great Buy
The Mahindra Scorpio N Z8 comes loaded with advanced features designed to make your driving experience both enjoyable and safe. It features a powerful engine, an all-wheel-drive option for better handling on rough terrains, and a spacious interior designed for comfort. The SUV is equipped with the latest technology such as a touchscreen infotainment system, automatic climate control, and several driver assistance features that make it stand out from its competition.
Competing with Other Premium SUVs
In the crowded Indian SUV market, the Mahindra Scorpio N faces competition from some of the biggest names in the industry. Vehicles like the Mahindra XUV700, Tata Harrier, MG Hector, Kia Carens, and Hyundai Alcazar are its main competitors. These SUVs also offer similar features, luxury, and performance, which makes it essential for buyers to compare different options before making their final decision.
While the Mahindra Scorpio N Z8 is certainly a fantastic option, it’s always good to check what other models are offering in terms of features, performance, and pricing. But with Mahindra’s long-standing reputation for durability, the Scorpio N Z8 is undoubtedly a solid choice for SUV enthusiasts.
A Smart Investment for the Future
Buying a premium SUV like the Mahindra Scorpio N Z8 is a significant financial commitment. However, with the availability of flexible financing options, a three lakh rupees down payment is all it takes to bring this incredible vehicle home. The overall cost of the car, including the loan interest and the on-road charges, still provides value for the features and performance it offers.
Given the growing demand for SUVs in India, investing in a Mahindra Scorpio N Z8 could be an excellent long-term decision. Whether you are looking for an everyday family car or a rugged vehicle that can handle off-road adventures, the Scorpio N Z8 fits all the criteria. With a solid EMI plan and easy down payment options, getting behind the wheel of this powerful SUV is more achievable than ever.
In conclusion, the Mahindra Scorpio N Z8 offers a fantastic combination of power, luxury, and practicality. If you’re ready to drive home one of the best SUVs on the market, make sure to explore the available EMI and financing options that can make your dream car a reality.
