The Indian EV startup Ather Energy has positioned itself as a strong competitor to brands like Ola Electric, TVS, Bajaj, etc. Offering a range of stylish and eco-friendly electric scooters, Ather has significantly impacted the market.
If you’re considering buying an Ather scooter, this is the right time. Ather Electric has floated an offer to give their scooters for 25,000. This article will give you all the necessary information. Let’s dive into the details of the offer for the Ather 450X and 450S models.
Ather 450X Offer Details
The Ather 450X, equipped with a 3.7 kWh third-generation variant, is priced at ₹1.29 lakh (ex-showroom). To hit the road with this cutting-edge electric scooter, you’ll need to consider the on-road price, which amounts to ₹1,34,240. With a down payment of just ₹25,000, you can finance the remaining ₹1,09,290. Opting for a 3-year loan term at a reasonable interest rate of 9%, you’ll have to pay a monthly EMI of ₹3,475 for the next 36 months. It’s worth noting that financing the Ather 450X will incur an interest of approximately ₹16,000 over the loan tenure.
Ather 450S Offer Details.
For those seeking a more affordable option, the Ather 450S is priced at ₹1.18 lakh (ex-showroom), translating to an on-road price of ₹1,22,920. With a down payment of ₹25,000, the remaining amount to be financed is ₹97,920. Like the Ather 450X, a 3-year loan term and an interest rate of 9% also apply here. Consequently, the monthly EMI for the Ather 450S will amount to ₹3,114. Throughout the loan period, the total interest paid for the Ather 450S electric scooter will exceed ₹14,000.
Important Details:
To give you a comprehensive overview of the financing details, let’s take a closer look at the key figures for both the Ather 450X and the Ather 450S models.
Feature | Ather 450X | Ather 450S |
Ex-Showroom Price | ₹1.29 Lakh | ₹1.18 Lakh |
On-Road Price | ₹1,34,240 | ₹1,22,920 |
Down Payment | ₹25,000 | ₹25,000 |
Loan Amount | ₹1,09,290 | ₹97,920 |
Interest Rate | 9% | 9% |
Loan Tenure | 3 Years | 3 Years |
Monthly EMI | ₹3,475 | ₹3,114 |
Total Interest | Approx ₹16,000 | Over ₹14,000 |
Note: Please make sure to verify the provided information at the showroom before proceeding with the financing process, since these figures may change.
Why Choose Ather’s Financing Options?
Ather Energy has gained a reputation for its commitment to innovation, quality, and sustainability. The brand’s electric scooters offer a smooth and exhilarating ride and contribute to reducing carbon emissions and promoting cleaner transportation. By providing attractive financing options, Ather has made it easier than ever for aspiring buyers to join the electric revolution.
Benefits of Financing an Ather Electric Scooter
- Affordability: Ather’s financing plans enable customers to own an electric scooter by making a low down payment and spreading the remaining cost over manageable monthly instalments.
- Convenience: Financing an Ather electric scooter eliminates the need for a one-time, substantial investment. Instead, you can pay for your scooter over a fixed period, allowing for better budget management.
- Flexibility: Ather’s financing options come with various loan tenure choices, allowing you to select a duration that aligns with your financial capabilities and preferences.
- Low-Interest Rates: With competitive interest rates, Ather ensures that the cost of financing remains reasonable, making electric scooters an attractive and economically viable option.
Ownership: By opting for financing, you become the proud owner of an Ather electric scooter from day one, allowing you to enjoy all its benefits and features.
How to Finance an Ather Electric Scooter
To finance your dream Ather electric scooter, follow these simple steps:
- Choose Your Model: Visit the Ather Energy website or showroom to explore the available models and select the one that suits your preferences and requirements.
- Calculate Your EMI: Utilize online EMI calculators or consult with Ather’s financing team to determine the suitable loan amount, interest rate, and monthly instalment based on your down payment and loan tenure.
- Documentation: Prepare the necessary documents, such as identity proof, address proof, income proof, and bank statements, as per the requirements of the financing institution.
- Loan Application: Submit a loan application online or at the financing institution’s branch, providing all the relevant information and documents.
- Verification Process: The financing institution will verify your application and documents to assess your eligibility for the loan.
- Loan Approval: If your application is approved, you will receive a confirmation along with the loan agreement and repayment schedule.
- Loan Disbursement: After accepting the terms and conditions and signing the loan agreement, the financing institution will disburse the loan amount to Ather Energy for you.
Enjoy Your Ride: With the loan process complete, you can now embrace the joy of riding an Ather electric scooter while contributing to a greener future.
Additional Information
Before finalising your financing agreement, consider the following points:
- Service and Maintenance: Electric vehicles, including Ather scooters, require periodic maintenance and servicing. Factor in the associated costs to ensure that your budget accommodates regular upkeep.
- Insurance: It’s advisable to obtain comprehensive insurance coverage for your Ather electric scooter to protect against theft, accidents, and other unforeseen circumstances.
- Battery Warranty: Ather Energy offers a warranty on the battery of their electric scooters. Familiarise yourself with the terms and conditions of the warranty to take full advantage of this coverage.
- Charging Infrastructure: Explore the availability of charging stations in your area to ensure convenient charging options for your Ather electric scooter.
- Resale Value: While financing your Ather scooter, consider its resale value to gauge its long-term cost-effectiveness and potential return on investment.
Conclusion
Owning an Ather electric scooter is an environmentally conscious choice and an investment in the future of transportation. With attractive financing options, Ather Energy has made it easier for individuals to embrace sustainable mobility solutions. By financing an Ather scooter, you can enjoy the thrill of riding a cutting-edge electric vehicle while contributing to a cleaner and greener world. Take the first step towards sustainable transportation by exploring Ather’s financing options today!
