Tata Nano down payment reduced to Rs 15,000
Tata Motors continues with its efforts to push sales of its Nano small car. This time, the company has reduced the down payment of the car to just Rs. 15,000 for now in a bid to boost the sales.
Other steps that the company has resorted to are an increase in warranty period of the car as the tag of being the cheapest car somehow is not helping Tata Motors to achieve its planned sales figures. Tata Motors have also undertaken a replacement of the existing wiring system with a new one and this has been the biggest suspect for the few fire accidents / incidents that have occurred till now.
The scheme wherein one can own this car by just paying up a down payment of Rs. 15,000 with the balance in easy installments of Rs. 3,324 is applicable only for the base model of the Nano and is being financed by Tata Motor Finance ltd.
The loan scheme is also applicable for other variants of the Nano, albeit with a slightly higher initial down payment as well as EMI. One would have to shell out Rs. 22,000 as initial payment for the Nano CX model and that carries a monthly EMI of Rs, 3,910 which extends for five years. Similarly, for the Nano LX the down payment option is Rs. 24,000 with EMI of Rs, 4,493.
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