Are you thinking of getting Tata Punch? Check out the EMI after ₹2 Lakh down payment.
Tata Punch has made its way into the list of most preferred vehicles among car buyers on the Indian map. It was able to manage this within such a short duration endearing itself to the masses.
Tata Punch is known for its bold design it is an option that gives space for adventure, comfort, thrill, driving ease, looks and charm. Now, you have to calculate your EMI according to a down payment of ₹2 lakh.
A Small SUV with a Big Impact: The Tata Punch
Tata Motors has retained quite a stronghold in the Indian market and this folly of the automakers Tata Punch is no less. Intended to be a drop dead short city driver that is also comfortable on outstation portals and road treks.
Having a tough build and very high ground clearance and space within stretches it strikes the right balance between looks and practicality.
What EMI Amounts Will You Be Shelling Out As an EMI Hypothetically?
After everything has been given, particularly when buying a car you are bound to consider the EMI since it constitutes an enormous slice of the cake. Supposing the car costs around ₹7 lakh if you are purchasing the Tata Punch Pure and you have made a ₹2 lakh down payment the resulting loan would be for ₹5 lakh.
The EMI amount being paid now by you depends on interest rate and loan tenure. In case the bank is willing to give an interest at a reasonable rate of 9 percent, and you desire a 5-year tenure, your EMI would be a figure around ₹10,400.
Should your loan tenure be for 7 years your EMI would come down to around ₹8,200. The flexibility gives the buyer the freedom to choose a repayment system that he or she can afford.
Why Tata Punch Is a Suave Purchase
When one is spending on a car one should not just watch the EMI. One must also take into account the long-term benefits and the Tata Punch is loaded with a great set of features to render it not just a good buy.
Here is what it can offer-
Fuel Efficiency: The Tata Punch offers comparatively good mileage for its class so running costs are lower.
Safety: The Tata Punch is possibly the safest car for the price charged.
Spaced Interiors: Big enough suitable for family and bags.
Low Maintenance Costs: Cheap and very reliable in the long term.
Closing Thoughts
If the Tata Punch finds a place in your wishlist dealing smartly with finances may make the purchase even smoother. A ₹2 lakh down payment does not stretch the EMI to a higher figure which can not always be managed.
So go for this option while comparing loan options finding out the best interest rate available to you, and choosing a tenure to match your own personal needs.
Know that soon without a tight grip upon your budget considerations you will drive home the car of your dreams.
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