Thinking of ditching petrol and cruising on electric power? Ather Energy’s 450X and 450 Apex scooters are head-turners in the electric two-wheeler market, offering sleek designs, impressive performance, and a chance to contribute to a greener future. But maybe the price tag is giving you pause? Don’t worry, financing options are readily available to make owning an Ather scooter a smooth and affordable reality.
Unlocking Easy Ownership: Financing Made Simple
Ather Energy, in collaboration with several leading banks, provides convenient financing schemes for both the 450X and 450 Apex models. Here’s a breakdown of what you can expect:
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Minimum Down Payment: A comfortable down payment of just Rs. 25,000 brings you closer to your dream Ather scooter.
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Flexible Loan Options: Spread the remaining cost over a manageable 3-year loan term, allowing you to budget effectively.
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Fixed Interest Rates: Enjoy peace of mind with a fixed interest rate, ensuring predictable monthly installments (EMIs) throughout the loan period.
Ather 450X vs. Ather 450 Apex: Choosing Your Perfect Ride
Before diving into the financing details, let’s compare the features and pricing of the 450X and 450 Apex models:
| Feature | Ather 450X | Ather 450 Apex |
|---|---|---|
| Ex-showroom Price (India) | Rs. 1.26 lakh – Rs. 1.29 lakh | Rs. 1.89 lakh |
| Battery Range | 150 kilometers – 157 kilometers | Up to 100 kilometers |
| Top Speed | 90 kmph | 100 kmph |
| On-road Price (approx.) | Rs. 1.36 lakh | Rs. 2 lakh |
Financing Breakdown: Ather 450X or Ather 450 Apex?
Now, let’s delve into the estimated financing costs for both models, assuming a down payment of Rs. 25,000 and a 3-year loan term at a 9% interest rate:
Ather 450X
- Loan amount: Rs. 1,11,000 (approx.)
- Monthly EMI: Rs. 4,325 (approx.) for 36 months
- Total Interest Paid: Rs. 20,000 (approx.)
Ather 450 Apex
- Loan amount: Rs. 1,75,000 (approx.)
- Monthly EMI: Rs. 5,565 (approx.) for 36 months
- Total Interest Paid: Rs. 25,000+ (approx.)
Remember, these are just estimations. The actual loan amount, EMI, and interest rate will depend on your creditworthiness, the specific bank you choose, and any prevailing offers from Ather Energy.
Beyond the Numbers: Additional Considerations
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Processing Fees: Factor in processing fees charged by the bank, which typically range from 2-4% of the loan amount.
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Insurance: Don’t forget to include electric scooter insurance in your budget.
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Prevailing Offers: Ather Energy might have ongoing promotions or discounts that can further reduce your financial burden.
The Final Ride: Taking the Leap to Ather Ownership
While this article provides a general overview, the best way to get the most accurate financing details is to visit your nearest Ather Energy showroom. Their representatives can offer personalized quotes based on your specific financial situation and desired loan term.
So, are you ready to experience the thrill of electric mobility with a sleek Ather scooter? With attractive financing options available, owning your dream Ather might be closer than you think. So, get ready to hit the road with confidence and contribute to a more sustainable future, one ride at a time!
