So, I previously inquired about the Tata Nexon EV. However, multiple threads on https://www.team-bhp.com/forum/ reported software issues in Nexon models from October-December. Since I won't always be the one driving, I had to stick with an ICE engine for another 5+ years. The good news is that EV infrastructure is rapidly improving, so the future of EVs looks promising.
Now, I need some help with the EMI calculation. The car is around 24 lakhs, and I plan to pay 5-10 lakhs using my credit card, with the rest financed through an EMI. I'm not a fan of this approach, but my dad has experience with car EMIs, and I don't. Additionally, the Hyundai executive mentioned an EMI interest rate of 8.85%
Now, I need some help with the EMI calculation. The car is around 24 lakhs, and I plan to pay 5-10 lakhs using my credit card, with the rest financed through an EMI. I'm not a fan of this approach, but my dad has experience with car EMIs, and I don't. Additionally, the Hyundai executive mentioned an EMI interest rate of 8.85%