TATA Nexon: Tata Motors has raised the prices of its well-loved Nexon as the new year begins. However, the base variant remains unchanged in price. If you’re in the market for a fantastic family car, this could be an excellent choice for you. Should your budget not stretch to the Tata Nexon 2025, financing options are available. You can purchase this vehicle through an EMI plan based on the on-road price of the base variant. Here are the details you need to know.
EMI calculation on a down payment of Rs 1 lakh
In Delhi, the on-road price for the Tata Nexon starts at Rs 9 lakh 19 thousand. If you opt for a down payment of Rs 1 lakh, you would need a loan of Rs 8.19 lakh to cover the remaining cost. Assuming an interest rate of 8.8 percent, your monthly EMI would be approximately Rs 25,000 over a three-year term.
In total, you would repay Rs 11 lakh 50 thousand to the bank within that period. A larger down payment can help reduce the interest you pay. Keep in mind that loan terms and interest rates vary by bank and depend on your credit score. If your monthly salary exceeds Rs 60 thousand, you might want to consider this purchase.
TATA Nexon CNG variation
While the Tata Nexon is not a hybrid vehicle, it offers options for petrol, diesel, and CNG engines. It features a 1.2-liter turbocharged Revotron engine that delivers 88.2 PS of power at 5,500 rpm and generates 170 Nm of torque between 1,750 and 4,000 rpm. The Nexon boasts an impressive mileage ranging from 17 to 24 kmpl.