Are you ready to embrace the mobility of the future? Look no further than the Hop Electric OXO! This sleek and eco-friendly electric bike is here to revolutionize your daily commute. Let’s dive into the details and explore what makes the Hop Electric OXO a game-changer for automobile enthusiasts.
Hop Electric OXO Ex-Showroom Price in Delhi
The base model of the Hop Electric OXO comes with an attractive price tag of ₹1.43 Lakh. But that’s not all! Let’s break down the costs further:
- Ex-showroom Price: ₹1.43
- RTO Charges: ₹2,950
- Insurance Cost: ₹6,218
Read This: 2023 Hop Electric LEO: A Smart Choice for Urban Commuters
EMI and Down Payment
Planning to finance your new ride? Here’s what you need to know:
- Loan Amount: You can get up to 90% financing, which means a loan amount of ₹1,48,499.
- Down Payment: For the base model, the down payment is approximately ₹30,421 (including on-road charges and processing fees).
- EMI: The calculated EMI for a 36-month tenure at an interest rate of 9.45% is ₹4,753.
Interest Rate
The interest rate for the Hop Electric OXO varies from 9.7% to 15% per annum. Remember, you can negotiate with the financier to secure a better rate based on your loan amount.
EMI Calculation Example
Let’s crunch some numbers. Suppose you choose a loan tenure of 3 years (36 months) for your Hop Electric OXO:
- Principal Amount (Loan): ₹1,54,217
- Annual Interest Rate: 10%
- Monthly Interest Rate: 0.008333 (10%/12)
Using the formula:
[ \text{EMI} = \frac{P \cdot R \cdot (1+R)N}{(1+R)N – 1} ]
where:
- (P) = Principal amount
- (R) = Monthly interest rate
- (N) = Number of monthly installments
We get:
[ \text{EMI} = \frac{154217 \cdot 0.008333 \cdot (1+0.008333){36}}{(1+0.008333){36} – 1} = ₹4,954 ]
Why Choose Hop Electric OXO?
- Environmentally Friendly: Say goodbye to emissions! The OXO runs on clean electricity.
- Stylish Design: Sleek lines and modern aesthetics make heads turn.
- Smooth Ride: With its powerful motor, you’ll glide through traffic effortlessly.
- Low Maintenance: No more oil changes or fuel filters!
So, fellow car and bike enthusiasts, gear up for a greener future with the Hop Electric OXO! 🌿🚲
Remember: Bold choices lead to brighter roads! 🌟
Images Source: Official Site
Disclaimer: The data/calculations provided are based on available information and are for convenience purposes only.
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