Earlier this year, Jeep India introduced the 7-seat version of the Compass SUV in the country in the form of the Meridian. The Jeep Meridian serves as a direct rival to 7-seat SUVs like the Toyota Fortuner, MG Gloster, Skoda Kodiaq, as well as the MG Gloster.
Planning to buy the Jeep Meridian and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the SUV, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –
|Limited||Rs 35.53 lakh||5 years||10%||Rs 3.59 lakh||Rs 68,000|
|Limited AT||Rs 37.77 lakh||5 years||10%||Rs 3.78 lakh||Rs 72,200|
|Limited (O)||Rs 38.48 lakh||5 years||10%||Rs 3.85 lakh||Rs 73,600|
|Limited (O)||Rs 40.72 lakh||5 years||10%||Rs 4.07 lakh||Rs 77,900|
|Limited (O) AT 4×4||Rs 43.84 lakh||5 years||10%||Rs 4.38 lakh||Rs 83,800|
To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 10% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your easy monthly installment (EMI) respectively.
Jeep currently retails the Meridian in India at a starting price of Rs 29.90 lakh for the entry-level Limited MT variant, going all the way up to Rs 36.95 lakh (both prices, ex-showroom) for the range-topping Limited (O) AT 4×4 model. However, the on-road (Delhi) price of the Jeep SUV currently ranges between Rs 35.53 lakh and Rs 43.84 lakh.
Jeep Grand Cherokee India first look | TOI Auto
For example, let’s assume you decide on purchasing the range-topping Limited (O) AT 4×4 variant of the Jeep SUV. If you pay Rs 4.38 lakh as down payment out of the Rs 43.84 lakh on-road (Delhi) price, you would end up paying Rs 83,800 as an EMI for a period of 60 months (5 years) against a total loan amount of Rs 39.46 lakh. At the end of the tenure, you would have paid Rs 50.30 lakh for the SUV over and above the down payment.
Do let us know in the comments down below if you would like to know the EMI for any other car/SUV, motorcycle or scooter of your choice.