Les Couleurs De Luce
Related Articles
Thinking of buying the Mahindra Thar and wondering how much EMI would you have to pay for the rugged SUV? Here is a table showing the on-road (Delhi) price per variant of the Mahindra Thar, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as down payment –
| Variant | On-road prices (Delhi) |
Mandate | Interest rate (valued) |
Down Payment |
NDE |
| AX (O) Gasoline MT Convertible roof |
Rs 15,80,474 | 5 years | 9.8% | Rs 1,50,000 | 30,253 rupees |
| LX Gasoline MT Hardtop |
Rs 16,59,136 | 5 years | 9.8% | Rs 1,66,000 | 31,578 rupees |
| LX gasoline AT Convertible roof |
Rs 18,24,088 | 5 years | 9.8% | Rs 1,82,000 | 34,728 rupees |
| LX petrol AT Hardtop |
Rs 18,33,854 | 5 years | 9.8% | Rs 1,83,000 | 34,914 rupees |
| AX (O) Diesel MT Convertible roof |
Rs 16,69,220 | 5 years | 9.8% | Rs 1,67,000 | 31,770 rupees |
| AX (O) Diesel MT Hardtop |
Rs 16,74,904 | 5 years | 9.8% | Rs 1,67,000 | 31,890 rupees |
| LX Diesel MT Convertible roof |
Rs 17,40,538 | 5 years | 9.8% | Rs 1,74,000 | 33,130 rupees |
| LX Diesel MT Hardtop |
Rs 17,51,131 | 5 years | 9.8% | Rs 1,75,000 | 33,333 rupees |
| LX Diesel AT Convertible roof |
Rs 19,10,956 | 5 years | 9.8% | Rs 1,91,000 | 36,375 rupees |
| LX Diesel AT Hardtop |
Rs 19,21,644 | 5 years | 9.8% | Rs 1,92,000 | 36,580 rupees |
We have decided to take an average occupancy period of 5 years as standard, with approximately 10% initial down payment and an estimated bank interest rate of 9.8%. It should be noted that the buyer is free to decide how long he needs to repay the loan amount, while the interest rate varies from bank to bank. Also, one can choose to pay a higher or lower down payment, which will decrease or increase your Easy Monthly Payment (EMI) respectively.
Mahindra is currently selling the Thar SUV in India at a base price of Rs 13.53 lakh for the entry-level AX(O) Petrol MT variant with a convertible top, going up to Rs 16.03 lakh (both price, ex-showroom) for the top model LX Diesel AT Hard Top. However, the on-road (Delhi) price of the Mahindra off-roader is currently between Rs 15.80 lakh and Rs 19.22 lakh.
For example, if you were to purchase the LX Petrol AT Convertible Top variant of the Mahindra Thar (ex-showroom price – Rs 15.67 lakh), you would end up paying Rs 34,728 as a monthly installment for a period of 60 months (5 years) at a return on investment of 9.8%, along with a one-time down payment of Rs 1.82 lakh. In this scenario, the total loan amount will be Rs 16,42,088.
All added up, you end up paying around Rs 22,65,680 for this particular variant of the Thar at the end of your loan term, which includes the price on the road, the down payment amount, as well as the interest incurred over the aforementioned period. . . If there is any other car or SUV you would like to know the EMI loan amount for, let us know in the comments section below.
