For 2.5 lakhs, you can get a Tata Nexon! only this amount of EMI will be due

One of the most well-liked SUV vehicles in the nation is the Tata Nexon. This is a vehicle that many people find appealing. This is a result of the strong engine and excellent mileage. With almost 14,000 units sold in March 2023, it was the second-best-selling SUV. This indicates, without a doubt, that its appeal has grown. You should also think about the down payment and EMI if you plan to borrow money to buy a Tata Nexon. Here, we outline the EMI costs associated with purchasing the base variant of the Tata Nexon with a Rs 2.5 lakh down payment.

Regarding Tata Nexon

1.2L 3-cylinder turbocharged petrol engine (110 PS/170 Nm) and 1.5L 4-cylinder diesel engine (110 PS/260 Nm) alternatives are both available for the Tata Nexon’s features. Both of these engines come with a 5-speed manual and an AMT transmission as options.

The 7.0-inch touchscreen infotainment

system of the Tata Nexon is compatible with Apple CarPlay and Android Auto. In addition, it has equipment like rain-sensing wipers, automatic air conditioning, rear AC vents, cruise control, digital instrumentation, dual front airbags, rear parking sensors, ABS with EBD, and an electronic stability program (ESP).

EMI and down payment for Tata Nexon

Let’s discuss the EMI and down payment for the Tata Nexon. Its base model is offered for Rs 7.80 lakh (ex-showroom). Its on-road cost is however Rs. 8.75 lakhs. Assume you pay a down payment of Rs. 2.5 lakh if you decide to get a loan for this. Your loan will be for around Rs 6.25 lakh after this. Now, if you take out this loan for 5 years at a 9 percent interest rate, your EMI per month will be roughly Rs 12,990. You will be required to pay a total of Rs. 1.53 lakh more as a result. That is, in addition to the down payment, you would be required to pay the bank a total of Rs 7.79 lakh.

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