CarOnPhone Car News Tesla Model Y EMI and Downpayment Explained
CarOnPhone Car News Tesla Model Y EMI and Downpayment Explained

Tesla Model Y EMI and Downpayment Explained

Bijesh Nagesh

19 Jul 2025, 03:53 PM

292

  • Tesla Model Y’s EMI structure and options explored.
  • Tesla Model Y downpayment concept and calculation detailed.

Tesla Model Y EMI and Downpayment Explained
India’s most talked-about electric SUV in recent weeks is the Tesla Model Y. To support the budgeting needs of everyday drivers, we’ve collated a quick and easy understanding of this car’s downpayment requirements and monthly EMI.

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):

[table id=1248 /]

Tesla Model Y: Important Buying Tips

Tesla Model Y EMI and Downpayment Explained

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:

downpayment emi plan model y tesla

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.

Was this article helpful?
Sign up for our Newsletter

Tesla Model Y

59.89 Lakh*

Ex-showroom price

Tesla Model Y Variant Image
Available Colors
Battery Capacity

60 kwh

Transmission

Automatic

Power Image
Power

295 bhp

More Details

Recent News

Sign up for our Newsletter

Related News About Tesla Cars

Scroll to Top