Thinking about buying the 2023 Tata Tigor base model in Delhi? If so, you may be curious about ownership costs, credit possibilities, and more. We provide all the facts you need to make an informed decision in this article for Tigor Base Model EMI.
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Tata Tigor is a compact car with an attractive look, big cabin, and decent performance. It has a 1.2-litre petrol engine with 86 PS and 113 Nm. The engine has a 5-speed manual or AMT gearbox. Tigor CNG offers 72 PS and 95 Nm of torque.
The base Tata Tigor XE has dual airbags, ABS with EBD, rear parking sensors, front electric windows, tilt-adjustable steering, and manual AC. In Delhi, the Tigor XE costs Rs. 6.30 lakh ex-showroom and Rs. 7.07 lakh on-road.
Tigor Base Model EMI
On loan, the Tigor XE requires a Rs. 1.24 lakh down payment, 20% of the on-road price. A bank or financial institution can lend Rs. 5.83 lakh at 8% interest. Up to 5 years or 60 months can be borrowed.
The table below shows the monthly EMI, total interest payable, and total payment for different loan tenures at an interest rate of 8% per annum.
|Loan Tenure||Monthly EMI||Total Interest Payable||Total Payment|
|1 year||Rs. 50,304||Rs. 38,648||Rs. 6,21,648|
|2 years||Rs. 25,874||Rs. 73,376||Rs. 6,56,376|
|3 years||Rs. 17,756||Rs. 1,09,216||Rs. 6,92,216|
|4 years||Rs. 13,688||Rs. 1,46,224||Rs. 7,29,224|
|5 years||Rs. 11,236||Rs. 1,84,360||Rs. 7,67,360|
As seen in the table, lengthier loan terms lower monthly EMIs but increase interest and payment. Therefore, choose a loan term that fits your budget and repaying capacity.
The Tata Tigor base model is a decent value compact sedan with good features and performance. You should also consider maintenance, insurance, fuel efficiency, and resale value before buying the car on loan.