Tata Motors Nexon CNG: Price, Down Payment & EMI Details Explained

Tata Motors is a major car manufacturer in the country and offers cars in various segments. It also offers the Tata Nexon in the compact SUV segment. If you are planning to purchase the CNG variant of the car and you want to bring home the vehicle after paying a down payment of ₹100,000, then what will be the EMI for you? (Tata Nexon Down Payment and EMI?)

The Tata Nexon is also available in CNG variant. The ex-showroom price of the CNG variant of the Tata Nexon is ₹8.23 lakh. If you purchase this vehicle in Delhi, then you need to pay ₹65,000 as RTO charges and ₹36,000 as insurance costs. After these costs, the on-road price of the Tata Nexon comes to ₹9.25 lakh.

If you purchase the CNG variant of this car, the bank will finance the ex-showroom price only. In such a case, after making a down payment of ₹1 lakh, you will have to finance approximately ₹8.25 lakh from the bank. If the bank gives you ₹8.25 lakh for seven years with 9% interest, then you will have to pay an EMI of ₹13,273 per month for the next seven years.

If you take a car loan of Rs 7 lakh from the bank for 8.25 years with an interest rate of 9%, then you will have to pay an EMI of Rs 13273 every month for seven years. In this case, in seven years you will pay around Rs 2.90 lakh as interest for Tata Nexon CNG. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 12.15 lakh.

Nex is offered by Tata as a compact SUV. This car competes directly in the market with SUVs like Skoda Kylaq, Kia Syros, Kia Sonet, Maruti Breeza, Hyundai Venue.