Tesla Model Y EMI and Downpayment Explained
- Tesla Model Y’s EMI structure and options explored.
- Tesla Model Y downpayment concept and calculation detailed.
Tesla Model Y: Price and Downpayment
The downpayment values for the Tesla Model Y cover RTO charges, insurance, as well as any unsecured portions not covered by the bank.
Here’s a breakdown of the Tesla Model Y price as we know it today:
- On-road price (Delhi): ₹60.99 lakh
- On-road price (Mumbai): ₹61.07 lakh
Note that lenders typically finance up to 90% of on-road cost. So the minimum downpayment from buyers’ side may be 10 % of on-road price. Examples:
- Delhi: ₹6.10 lakh
- Mumbai: ₹6.11 lakh
Tesla Model Y: EMI Calculation
Car geeks will find EMI calculation a breeze using this Math formula:
- Loan Amount (P): On-road price minus downpayment.
- Interest Rate (R): Annual rate divided by 12 (example: 9% / 12 ≈ 0.0075).
- Tenure (N): Total number of monthly instalments (commonly 60 months).
Sample EMI Table (9 % p.a., 60 months):
| Variant | On-Road Price | Downpayment (10 %) | Loan Amount | EMI/Month |
|---|---|---|---|---|
| Rear-Wheel Drive (RWD) | ₹60.99 lakh | ₹6.10 lakh | ₹54.89 lakh | ₹1,14,088 |
| Long-Range Rear-Wheel Drive | ₹67.14 lakh | ₹6.71 lakh | ₹60.43 lakh | ₹1,29,184 |
Tesla Model Y: Important Buying Tips
With these clear numbers, you can easily tweak your downpayment figures and choose an apt lender or tenure to get you a comfortable EMI plan set up.
- Interest Offers: Some banks or Non-Banking Financial Companies (NBFCs) quote under-9% rates for their existing customers.
- City-based Differences: Road tax differences can modify the car’s on-road cost by ₹1–2 lakh.
- Full-Self-Driving Packs: These can upscale downpayment by ₹60–80 thousand, causing EMI to hop between ₹11-12 thousand.
- Tenure Advantage: Longer tenure means lower EMI and higher total interest. Shorter tenure means higher EMI and lower total interest.
Tags:
CarOnPhone is your one-stop destination to see all upcoming cars, latest cars, released cars, and EV Cars, and compare Cars in all Car Brands. Stay tuned and follow us to update yourself on the automotive world.
Tesla 
