The 2023 Mahindra Marrazo Top Model is a spacious and comfortable MPV that caters to large families and frequent travellers. Recognized as India’s safest MPV by Global NCAP, it boasts ample seating for eight adults and boasts industry-first features like Surround Cool Technology, Front-Wheel Drive, and Electric Power Steering. But how much does it cost to purchase and own this impressive vehicle? Let’s delve into the details.
2023 Mahindra Marrazo Top Model Price Breakdown:
The top model, the 2023 Mahindra Marrazo M8, comes equipped with a diesel engine, manual transmission, and a plethora of luxury features, including leather seats, cruise control, reverse parking camera, touchscreen interface, dual airbags, and ABS with EBD. The ex-showroom price in Delhi is ₹16.03 lakh, but this doesn’t encompass the final cost. To arrive at the on-road price, additional taxes and fees need to be factored in.
Mahindra Marrazo Top Model On-Road Price and Additional Costs:
The on-road price of the 2023 Mahindra Marrazo M8 in Delhi comes to ₹18.50 lakh. This includes:
- Registration charges: ₹1.28 lakh
- Insurance charges: ₹77,000
- Road tax: ₹64,000
- Other charges: ₹28,000
To register and operate the vehicle legally, you’ll need to pay the complete on-road price to the dealer. If paying the entire amount upfront isn’t feasible, you can choose to finance the purchase through a bank or financial institution. This involves making a downpayment and paying monthly instalments (EMIs).
Understanding Loan, Downpayment, and Mahindra Marrazo EMI:
To understand how these elements impact your purchase, we’ve created a table illustrating sample scenarios for different loan amounts, interest rates, and loan tenures in Delhi:
| Loan Amount | Interest Rate | Loan Tenure | Downpayment | EMI |
|---|---|---|---|---|
| ₹16.65 lakh (90% of on-road price) | 9% p.a. | 60 months | ₹1.85 lakh (10% of on-road price) | ₹34,564 |
| ₹14.80 lakh (80% of on-road price) | 8% p.a. | 48 months | ₹3.70 lakh (20% of on-road price) | ₹35,763 |
| ₹13.88 lakh (75% of on-road price) | 7% p.a. | 36 months | ₹4.63 lakh (25% of on-road price) | ₹42,947 |
Key Takeaways:
- A higher loan amount translates to a higher EMI and a lower downpayment.
- An elevated interest rate leads to a higher EMI and a lower loan amount.
- A longer loan tenure means a lower EMI and a higher loan amount.
- A larger downpayment reduces the loan amount and the EMI.
The ideal combination of these factors will depend on your individual budget and financial goals.
Beyond the Purchase Price:
Remember, car ownership involves ongoing expenses beyond the purchase price. These include:
- Maintenance: Regular servicing and maintenance are necessary to ensure the smooth functioning and longevity of your vehicle.
- Fuel: The fuel cost will vary depending on your driving habits and fuel prices.
- Insurance: You must renew your car insurance annually to comply with legal regulations.
- Taxes: Annual road tax payments are mandatory for all vehicles.
By carefully considering all the costs involved, you can make an informed decision about purchasing the 2023 Mahindra Marrazo and enjoy a comfortable and safe journey for years to come.
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