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how much down payment for xylo E6 or xylo E8 and monthly installments ? I want to buy it from Mumbai. I want to loan a car from NRE account , what are the requirements and benefits? Why there is price difference for diffrent states ?
Its great that you are planning to buy a new car and Mahindra Xylo is indeed a good car.
First of all, thanks Sachin for replying on this. Add on to this, in normal conditions, the down payment is 20-25% amount of the ex-showroom price of car. Rest, it totally depends upon an individuals credibility. Lets say, if you get a loan of 85% of amount, then the remaining 15% has be made as down payment.
Talking about the price difference, yes, you will find a price difference in different cities because of the taxes and RTO charges. We recommend that you get in touch with the nearest dealership in order to check the exact prices.
Now coming onto NRI loan, you might get a benefit on the interest rates. Please get in touch with your account holding bank for a confirmation.
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