Tata Nexon CNG Finance Plan Bring Home a Powerful SUV with Just One Lakh Down Payment Full EMI Details Inside
The compact SUV segment in India is growing rapidly, and Tata Motors has established a strong presence with its popular model, the Nexon. Now available in a CNG variant, the Tata Nexon becomes an even more economical and eco-friendly choice for buyers. If you are planning to buy the Tata Nexon CNG and want to bring it home with a low upfront cost, this detailed guide will help you understand the complete finance plan, EMI structure, and total cost.
Tata Nexon CNG Price and Variant Details
Ex Showroom Price
The base CNG variant of the Tata Nexon, known as the Smart CNG, comes with an ex showroom price of approximately 8.23 lakh rupees. This variant is designed to offer affordability while still delivering essential features.
On Road Price
When purchased in a city like Delhi, additional costs are included:
- RTO charges around 65000 rupees
- Insurance cost approximately 36000 rupees
After adding these charges, the total on road price reaches เคเคฐเฅเคฌ 9.25 lakh rupees.
Easy Car Ownership with One Lakh Down Payment
Buying a car through financing is a smart option if you do not want to pay the entire amount upfront. Banks and financial institutions offer flexible EMI plans that make car ownership accessible.
Down Payment and Loan Amount
Here is how the calculation works:
- Total on road price around 9.25 lakh rupees
- Down payment 1 lakh rupees
- Loan amount approximately 8.25 lakh rupees
Tata Nexon CNG EMI Plan Explained in Detail
Interest Rate and Loan Tenure
Assuming the bank offers a loan at 9 percent annual interest for a tenure of 7 years, your EMI will be calculated accordingly.
Monthly EMI
Under this plan, your monthly EMI will be approximately 13273 rupees.
Simple Explanation
- You will pay slightly over 13000 rupees every month
- The repayment duration will be 7 years
This makes it easier for salaried individuals and middle class families to afford the vehicle without financial strain.
Total Cost Breakdown Know the Real Expense
Total Interest Paid
When you opt for a long term loan, the interest component increases significantly.
- Total interest paid ุญูุงูู 2.90 lakh rupees
Total Amount Paid
Let us calculate the complete cost:
- Down payment 1 lakh rupees
- Total EMI payout ุญูุงูู 11.15 lakh rupees
- Total ownership cost ุญูุงูู 12.15 lakh rupees
This shows that while EMI makes purchasing easier, the overall cost of the car increases due to interest.
Why Tata Nexon CNG is a Smart Choice
Excellent Fuel Efficiency
CNG vehicles are known for their lower running cost. The Nexon CNG helps you save significantly on fuel compared to petrol models.
Strong Safety Features
Tata Motors is known for building safe cars, and the Nexon stands out with its robust structure and high safety standards.
Lower Maintenance Cost
CNG cars generally require less maintenance, making them a cost effective option in the long run.
Who Should Consider This Finance Plan
Middle Class Families
If you want a premium SUV within a limited budget, this plan is ideal.
Salaried Individuals
People with a steady monthly income can easily manage the EMI payments.
First Time Car Buyers
Low down payment and manageable EMI make it perfect for first time buyers.
Tata Nexon CNG Rivals in the Market
In the compact SUV segment, the Tata Nexon competes with several popular models:
- Skoda Kylaq
- Kia Sonet
- Maruti Brezza
- Hyundai Venue
Despite tough competition, Nexon stands out due to its safety and value for money.
Should You Choose This Finance Plan
This finance option is suitable if:
- You want low upfront payment
- You are comfortable with long term EMI commitments
However, to reduce total cost:
- Choose a shorter loan tenure
- Increase your down payment
This will help you save significantly on interest.
Smart Tips Before Taking a Car Loan
Compare Interest Rates
Always check multiple banks to find the best deal.
Choose Tenure Wisely
Longer tenure means lower EMI but higher interest.
Increase Down Payment
Paying more upfront reduces both EMI and total loan burden.
Final Verdict Is Tata Nexon CNG Worth It
The Tata Nexon CNG is a practical, efficient, and reliable SUV that offers excellent value for money. With a down payment of just one lakh rupees, you can bring home this feature packed vehicle by paying an EMI of around 13273 rupees per month.
If planned wisely, this finance option can help you own a premium SUV without putting excessive pressure on your finances. For budget conscious buyers looking for safety, performance, and affordability, the Tata Nexon CNG is a compelling choice.
